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Turkish manufacturer selects Muncie for U.S. headquarters

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Turkey-based Kermit USA LLC, a manufacturer and distributor of resin composite roofing systems, announced Friday morning that it plans to add 70 jobs by 2016 as part of a $12.5 million expansion in Muncie.

The company said the investment will go toward equipping 44,000 square feet of space at the city’s newly created Turkish Business Center for its U.S. headquarters and first facility in North America.

The facility also will serve as a manufacturing and distribution center, and will produce recyclable composite slate tiles for the Midwestern residential market.

Kermit has 120 employees globally and plans to begin hiring for administrative, production and insulation positions, as well as for warehouse and logistics jobs, next summer.

The Indiana Economic Development Corp. said it will provide Kermit up to $300,000 in performance-based tax credits and up to $50,000 in training grants based on the company’s job-creation plans. The city of Muncie will consider tax-increment financing.

“After the recent trip to Turkey by city leaders, we were convinced that Muncie was our new home,” Kermit President Erdal Cakici said in a written statement. “Indiana’s friendly business atmosphere and the accommodating nature of these officials helped make our decision.”

Founded in 2004 in Istanbul by an investment group, Kermit operates internationally in France, Libya, Moldova and Iran.

 

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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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