MasterBrand Cabinets, a manufacturer of home cabinetry products, will invest approximately $8 million to expand its production facility in Ferdinand, Indiana, with plans to create up to 262 jobs by the end of 2016. The company will invest in equipment that will add additional capacity and expand the product offering at its 500,000 square-foot facility located at 624 W. 3rd St.
MBCI, which currently employs more than 3,500 associates at its six Indiana facilities and more than 1,500 in Ferdinand, plans to begin hiring cabinet assemblers, component pullers, shipping helpers, supervision and quality positions later this year.
“MasterBrand is committed to strategic growth that positions us to drive market share and increase our value proposition,” said Dave Randich, president of MBCI. “As we expand our Ferdinand manufacturing operations, we provide both new and current employees with opportunities for development and advancement. We are proud to be a member of this community and support our local craftsmen who develop and produce high-quality, innovative cabinetry products used by consumers across the United States.”
As an incentive, the Indiana Economic Development Corporation offered MasterBrand Cabinets, Inc. up to $1,250,000 in conditional tax credits and up to $100,000 in training grants 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. In addition, the city of Ferdinand approved additional tax abatement at the request of Dubois Strong.
Its latest announcement marks MBCI’s second Indiana expansion in recent years. In March 2013, the home cabinetry manufacturer announced plans to create 76 jobs at its Goshen, Indiana, plant. As of March 2014 the company exceeded its job creation goal at that location, the Indiana Economic Development Corporation said.
“Governor Mike Pence and I congratulate the team at MasterBrand for their success that makes this announcement possible today. Today we celebrate more economic development in Indiana and more jobs for Hoosiers. Our business friendly tax and regulatory policies make Indiana a great place for businesses to start, expand and prosper,” Lt. Governor Sue Ellspermann said. “I take special pleasure in this announcement because MasterBrand is expanding in my hometown of Ferdinand, with its headquarters in Dubois County as well.”