The Associated Press
GREENFIELD, Ind. (August 22, 2012) - Royal Box Group, LLC (The Royal Group), a manufacturer and distributor of packaging and display products, announced plans today to expand its operations here, creating up to 32 new jobs by 2017.
The company, which currently has 16 locations across the country, will invest more than $3.8 million to construct and equip a new manufacturing facility at 2200 Royal Drive in Greenfield. As part of the project, the company will purchase new manufacturing machinery and information technology equipment for the approximately 47,000 square-foot expansion, with construction and new hiring expected to commence before the end of the year.
"The Royal Group could have built this new facility in a number of places, but they chose to do so in one of the top manufacturing states in the country," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Indiana's reputation as a hub for manufacturing combined with our quality workforce and a low-tax policy continues to stand out."
The company, which currently has more than 35 full-time employees in Greenfield, plans to begin hiring additional manufacturing and sales associates later this year.
"We are thrilled to be expanding in Greenfield," said Jay King, president of the company's Indiana operations. "The state of Indiana and the city of Greenfield have created a business environment where companies can grow and prosper, even in a challenging national economic climate."
Having operated in Greenfield since the 1950s, the company moved to its current facility after its original factory was destroyed by a fire in 1999. Today, the company's comprehensive packaging and display services include computer-aided design, order entry, computer integrated manufacturing and distribution software.
The Indiana Economic Development Corporation offered Royal Box Group, LLC up to $350,000 in conditional 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. The city of Greenfield has approved real and personal property tax abatement.
"This is an exciting announcement for the city of Greenfield," said Greenfield Mayor Richard Pasco. "We are extremely pleased that The Royal Group will be bringing jobs to our community. Anytime we can bring jobs to a city of our size in this down economy, we are excited for the opportunity. "
Indiana's manufacturing industry was rated among the top five in the nation receiving an overall "A" grade, according to the 2012 National Manufacturing and Logistics Report Card published by Conexus Indiana. The report concluded that for the past five consecutive years Indiana has received straight "A"s in manufacturing, tax climate and global reach.
About The Royal Group
The Royal Group is a leading provider of packaging and display materials. The company serves a national client base through its network of facilities throughout the eastern United States. The company offers a comprehensive approach to addressing its customers' packing and display needs that includes computer aided design (CAD), order entry, computer integrated manufacturing and distribution software that provides rapid and flexible responses to client demands.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.