Economic Growth

Officials: Tempur Sealy could open door to more growth

Posted

Economic development leaders say Tempur Sealy’s plans to create about 300 new jobs in Montgomery County by the end of 2025 puts the Nucor corridor on the radar.

The Lexington, Kentucky-based mattress and bedding manufacturer announced Monday it will invest more than $138 million in building and equipping a foam-pouring plant that will become the company’s largest production facility in the world.

The facility will be built on a 130-acre site along East C.R. 200S near Nucor Road, county administrator Tom Klein confirmed Tuesday. Property owner Wiley Connell LLC filed a rezoning petition after the company expressed interest in the land previously identified as a potential industrial site.

Tempur Sealy’s announcement, which followed a months-long nationwide search, comes as the county works to set the stage for additional growth within the Nucor corridor. Utility services are being extended to the area and officials promote the convenient access to railroads and Interstate 74.

“We’ll start seeing more inquiries,” said Ron Dickerson, chair of the Montgomery County Redevelopment Commission, who was among local officials involved in the talks with the company.

“We’ve got a great story to tell and we’ve got a great community, so it’s just a matter of getting the story out there where people will see it,” Dickerson said.

Tempur Sealy will manufacture bedding products and components for brands including Tempur-Pedic and Stearns & Foster. Hiring will begin later this year for managers, supervisors, administrators and other staff.

Applications can be completed online at tempursealy.com/careers. The plant is expected to open in 2024.

In a statement, Gov. Eric Holcomb said Indiana offers global companies like Tempur Sealy a “pro-growth climate” and “skilled workforce.”

“The company choosing Indiana for growth over a world of other options demonstrates our state’s strong reputation of providing the best environment for manufacturing growth, and they can rest easy knowing they’ll be supported here for generations to come,” Holcomb said.

Cheryl Morphew, president of CRMorphew Consulting, LLC, who is Crawfordsville and Montgomery County’s economic development consultant, called the project a “tremendous win, not only for Crawfordsville and Montgomery County, but for Indiana.”

Tempur Sealy could be offered up to $3.6 million in tax credits from the state based on job creation and capital investments. The incentives would become available once employees are hired and investments made.

Montgomery County is considering additional incentives, according to the Indiana Economic Development Corporation.

The county could receive up to $450,000 from the IEDC to support infrastructure improvements related to the project.

 

Comments

No comments on this story | Please log in to comment by clicking here