| FireKing International LLC Considers New Distribution Center in Grantline Industrial Park West in New Albany, Ind. Project Would Include 50 New Positions Over Five Years NEW ALBANY, IND. (October 20, 2016) –The New Albany City Council will be asked to consider two tax abatement requests tonight. The first request for tax abatement will be for an investment of $6.5 million for a proposed building at a new North Reas Lane location, which would span 75,000-112,500 square feet. This will be the first building in the new Grantline Industrial Park West. This park was designated as Indiana Site Certified (ISC) Gold by the Indiana Office of Community and Rural Affairs (OCRA) for the City of New Albany in February of this year. The proposed building will be developed by The Carlisle Family LLC. The first tenant for the proposed building, FireKing International LLC, will represent the evening’s second request for tax abatement. FireKing International LLC will ask for consideration of a personal property tax abatement for its $2.2 million investment in manufacturing and IT equipment. The new location will be a distribution center for FireKing International LLC, expanding the company’s New Albany presence. In addition to the investment, the company has plans to add 50 new positions over the next 5 years. “FireKing International LLC is excited about the possibility of expanding our business in New Albany. We are looking forward to partnering with the city and the state in this effort,” said Mark Essig, chief executive officer. “We are also very thankful for the individual efforts of Kathleen Crowley from One Southern Indiana and Trevor Lane of the Indiana Economic Development Corporation for all of their hard work in preparing for this project. The positive business environment in Indiana is deeply appreciated as we look to expand our footprint and bring more jobs to the area.” Van G. Carlisle, the managing member of The Carlisle Family LLC, said, “We are delighted to add to our investments in New Albany and so pleased to have FireKing as our anchor tenant in this new, multi-tenant building.” With assistance from One Southern Indiana (1si), the Indiana Economic Development Corporation (IEDC) offered FireKing International LLC up to $225,000 in conditional Economic Development for a Growing Economy (“EDGE”) tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. IEDC also offered a grant of up to $45,000 from the Skills Enhancement Fund for training the company’s eligible, Indiana resident employees. “FireKing is a true Indiana success story,” said Indiana Governor Mike Pence. “After launching in Indiana 65 years ago, FireKing has experienced tremendous growth and now sells its Hoosier-built products around the world. Through that growth, FireKing has continued to invest and grow in Indiana, helping contribute to the 156,800 new jobs added in the state since 2013.” “We look forward to welcoming FireKing International LLC as the first business to locate in the Grantline Industrial Park West development,” said New Albany Mayor Jeff Gahan. “The newly opened 40-acre site, located only 1.75 miles from Interstate 265, is the perfect home for a company with a long history of succeeding in New Albany, and we stand ready to help in any way we can.” Wendy Dant Chesser, president and CEO of 1si, commented, “We are excited by the possibility of further expansion of FireKing International LLC in Southern Indiana. FireKing has long been a manufacturing mainstay in New Albany and the consideration being given to expand here underscores Southern Indiana’s advantages with regards to location, incentives and business services. We congratulate FireKing International LLC on their past successes and hope to be of service to them as they continue to grow in the future.” About FireKing International LLC: For over five decades, FireKing has been providing high-quality products designed to protect the vital assets of any company. The company made the first FireKing brand fireproof files in 1951, and since then, through a series of strategic acquisitions, constant reinvestment in the business, and product diversification, FireKing Security Group has evolved from a manufacturer of fireproof Vital Records Protection (VRP) equipment into a broad-based security and asset protection company with a multitude of product and service offerings. Every product made - for Vital Records Protection, secure cash-handling, or digital video surveillance - is manufactured or created using the most innovative, advanced product development technology available. Through an extensive network of distributors and integrators, FireKing products are available in over 85 countries. Today, with more than 450 employees nationwide and a dedicated service organization providing a superior nationwide direct service and support infrastructure, FireKing remains committed to meeting and exceeding the evolving needs of our expanding customer base. For more information, visit www.fireking.com About The Carlisle Family LLC: The Carlisle Family LLC is a real estate development and investment company headed by Van G. Carlisle, Managing Member. It was formed in 1995 and has multiple investments in the New Albany area. About One Southern Indiana: One Southern Indiana (1si) was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to provide the connections, resources and services that help businesses innovate and thrive in the Southern Indiana / Louisville metro area. Since its inception, the organization has evolved to include a three-prong approach to serve its members and investors. Business Resources, as the chamber side of the organization, encompasses membership, signature events and programs which support and encourage business growth; Economic Development works to grow the regional economy through the attraction of new commerce and assists with retention and expansion of existing businesses; Advocacy supports businesses at the government level by engaging in the initiatives to preserve, protect and promote a business friendly environment free of obstacles to growth and development of commerce. For more information on One Southern Indiana, visit www.1si.org MEDIA CONTACTS: FireKing International, LLC
Will Wolf, 1.800.457.2424, Ext. 3500; will.wolf@fireking.com The Carlisle Family, LLC
Van Carlisle, 502.551.3360; van.g.carlisle@gmail.com One Southern Indiana
Suzanne Ruark, 812.206.9050; suzanner@1si.org -30- |