Fred Smith Store Fixtures Plans Invests $8.5 Million In Corydon, Indiana Manufacturing Plant
With construction expected to begin this spring, Fred Smith Store Fixtures intends to begin operating in the facility by December, expanding its operational space beyond its current 140,000 square-foot headquarters in Depauw. Serving the office and hospitality industries, the company will begin fully assembling its high and low pressure laminate, veneer tops and melamine surfacing for its customers.
“When we considered building a new facility, two main factors came to mind,” said Steve Smith, CEO of Fred Smith Store Fixtures. “The first is the workforce. Our people are what have gotten us here today, and we knew we wanted to stick with the workforce available in Southern Indiana. The second factor is logistics. Fred Smith Store Fixtures has operated in a rural setting for 51 years. It’s important to improve logistics to better serve our customers. We needed to make sure the two plants could easily work together and building in the Harrison County Industrial Park in Corydon allows us to meet our needs.”
Fred Smith Store Fixtures, which currently employs 140 full-time associates, will begin staffing the new facility later this year. The company plans to hire additional manufacturing personnel, including sawyers, CNC operators, edgebander operators and skilled craftsmen, as well as administrative, maintenance and material handling associates in the coming months.
The Indiana Economic Development Corporation offered Fred Smith Store Fixtures Inc. up to $175,000 in conditional tax credits and $50,000 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. Harrison County will consider additional incentives at the request of the Harrison County Economic Development Corporation.
“Fred Smith Store Fixtures is a true Indiana success story,” said Eric Doden, President of the Indiana Economic Development Corporation. “Launching in rural Indiana, the company has grown to become an important economic driver for its region. Supported by a business environment and team that works, Fred Smith Store Fixtures’ success today shows that when all the elements come together, Indiana is the perfect state for growth.”
"Our county is an ideal community for business growth. Both new and existing businesses find this location, our workforce, and the quality of life to be outstanding,” said Gary Davis, Chair of the Harrison County Council. “Smith Store Fixtures has been successful and growing here for decades and now they are making a significant investment to grow their business even more. These new jobs bring great opportunities for the people of Harrison County."
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