Corsicana Mattress Company Plans La Porte, Indiana, Manufacturing Base
The company will invest more than $8.6 million to lease and equip its new state-of-the-art, 165,000-square-foot production facility at 755 S. 500 West. The new facility, which will house the company’s growing boxed-bed manufacturing, is expected to be operational by the end of this year.
“We have had significant growth in our boxed bed business and require a facility that is appropriately equipped with well-trained employees to provide the manufacturing efficiency to support that growth,” said Michael Thompson, CEO of Corsicana Mattress. “Indiana was a great location for us and the local, regional and state agencies we worked with have been very helpful and welcoming throughout this process.”
As an incentive the Indiana Economic Development Corporation (IEDC) offered Corsicana Mattress Company up to $2.3 million in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The LaPorte County Council and County Commissioners approved additional incentives.
Locating in Indiana will give Corsicana Mattress access to key markets and allow for same-day shipping, allowing the company to reduce lead times and deliver to its customers efficiently, state officials said.
“This is what happens when council, commission, RDC and others work collaboratively for success," LaPorte County Council President Randy Novak and Sheila Matias, Commissioner President said jointly. "We are very pleased that a job training grant fund which the council funded a few years ago is being used as part of the inducement, along with a personal and real property abatement to help sweeten the deal so we could land this company over other competing sites. Bottom line, having a well-trained workforce, marketing our county’s many pluses and offering a perfect setting for this operation at Pinola made the difference.”
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