Genesis Casket Company has selected Indianapolis for its U.S. headquarters. The casket maker will create 300 jobs by 2014. It will open in the summer with 150 employees. Its parent company, Gestamp Automocion, is located in Spain.
"Indianapolis is central in proximity to many major markets, which makes it a preferred location from an operations and logistics perspective. My team and I considered several possibilities. When we became aware of the location at Franklin Road and the inherent attributes combined with the business-friendly culture and abundance of available talent, the total proposition created superior value for Genesis Casket Company and Indianapolis became the logical city of choice," said CEO William Anthony Colson. "Indianapolis is my hometown and I can't tell you how pleased I am to be back home again in Indiana and to be able to bring these jobs to Indianapolis."
The Indiana Economic Development Corporation has offered Genesis Casket Company up to $4.5 million in performance-based tax credits. The Indy Partnership and Develop Indy will support the company's request for personal property tax abatement before the Metropolitan Development Commission.