The Fishers Town Council has approved a Florida-based consumer product company's plans for a new regional operation. A Jarden Corp. (NYSE: JAH) subsidiary is looking to invest more than $16 million into the project, which is expected to include 300 jobs by 2019. News Release

Originally Distributed July 9, 2014

FISHERS, Ind. – The Town Council will consider an economic development agreement on July 21 that completes plans for Jarden Home Brands, a subsidiary of Jarden Corporation (NYSE: JAH), new regional operation in Fishers that brings 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 Scott Fadness, Town Manager. “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 sq. ft. as a regional headquarters and distribution and packing center. The company has been fortunate to experience some exciting and significant business growth in the last few years, and this facility will accommodate its continued growth in the future. 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, a two-year vacant building tax abatement and a 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 Monday, July 21 Council meeting. Once approved, Jarden is expected to begin occupancy later this year.

About Jarden Corporation:

Jarden Corporation is a world-class consumer products company with a diverse portfolio of innovative products, over 120 powerful brands and a global presence. The Company’s growth strategy is fueled by a passion for developing new products, as well as a focus on expansion through existing channels of distribution by leveraging our global network. Headquartered in Florida, Jarden ranks #356 on the Fortune 500 and has over 30,000 employees worldwide.

About The Fishers Advantage:

The Fishers Advantage, Fishers’ aggressive economic development initiative, has recruited over 1,500 jobs and retained nearly 400 jobs by highlighting an excellent business climate, quality of life and talented workforce in Fishers.

Source: The Town of Fishers

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