The Fishers Town Council will consider an economic development agreement on July 21 that completes plans for Jarden Home Brands, a subsidiary of Jarden Corporation to bring its new regional operation to Fishers. The agreement will represent more than $16 million in investment and nearly 300 jobs by 2019. Jarden Home Brands will acquire and occupy the former Sony building at 9999 E. 121st St.
“Business attraction is part of our multi-pronged economic development strategy that is focused on bringing new jobs to Fishers,” said Fishers Town Manager, Scott Fadness. Jarden Home Brands’ commitment to Fishers will bring great jobs to our community, and is a testament to the vitality of our town, as well as the hard work of our community development department.”
Jarden Home Brands will use the more than 635,000 square feet as a regional headquarters and distribution and packing center. The facility will handle products from a variety of brands and consumer goods categories.
The investment includes the purchase of the property and $6.5 million in building improvements for a total investment of more than $16 million. Jobs located at the site will be the result of new growth and the consolidation of multiple facilities, including an out-of-state operation. Multiple locations, including several outside of Indiana, were seriously considered during the site selection process.
“Jarden Home Brands is poised for sustained growth,” said Chris Scherzinger, President and Chief Executive Officer. “We are very excited to join the Fishers community and expand our operations here. We look forward to being part of the thriving community.”
The economic development agreement includes permit fee waivers, two-year vacant building tax abatement and ten-year personal property tax abatement for a total estimated incentive package worth $1.1 million. The Town Council will consider the agreement at the July 21 Council meeting. Once approved, Jarden is expected to begin occupancy later this year.
Jarden Corporation is a world-class consumer products company with a diverse portfolio of products, over 120 brands and a global presence. Headquartered in Florida, Jarden ranks No. 356 on the Fortune 500 and has over 30,000 employees worldwide.
