IKIO LED Lighting, LLC, headquartered in Indianapolis, Indiana, has announced it plans to establish a manufacturing and warehousing facility in the Batesville Industrial Park.
Headed by founder and CEO, Mr. Ekamdeep Singh, the US-based company manufactures LED lighting solutions for commercial, industrial, horticulture, multi-family residential/hospitality, hazardous location and solar outdoor lighting applications. Currently, the company has six manufacturing plants and a combined manufacturing capacity of 10 million fixtures annually.
The company’s decision to invest about $25 million in the Batesville area, which will bring 30 jobs to the area in the next five years, is due in part to the hard work and dedication of the Batesville Redevelopment Commission (BRC), the commission says in a statement.
GM Development and Runnebohm Construction, in partnership with the City of Batesville, completed construction of the Batesville shell building in December 2015. The 51,360 sq. ft. building has the ability to expand to 225,000 sq. ft., the contractor says on its website.
“The Batesville Redevelopment Commission is honored to have played a part in bringing IKIO LED Lighting, LLC to the Industrial Park and the Batesville area,” said BRC president Bill Narwold. “We look forward to working with their leadership as they develop their Batesville operation.”
“We at IKIO are very excited for this next chapter in our organization’s growth as we start manufacturing our products in the United States,” said Singh. “We are thankful to the City of Batesville and all the other parties that made this project possible. We certainly look forward to growing the relationship.”
Construction on the interior of the existing shell building is set to be completed within 12 months. Plans include the build-out of approximately 2,600 sq. ft. of office space and the addition of a sprinkler system, heating, ventilation, and cooling system, and lighting. The remaining 47,800 sq. ft. will be used as warehouse space for IKIO products.
Future plans include the construction of manufacturing space for LED lights and Solar systems with a production mix of both industrial and household lighting. Once started, the construction of the manufacturing area will take approximately two years to complete.
The IKIO LED Lighting plant will be located in the industrial park, with four additional sites still available for development. Located between Indianapolis and Cincinnati, the Batesville Industrial Park is gaining interest as a desirable location for new investment opportunities.
Andy Saner, current member and past president of the Batesville Redevelopment Commission, said: “The commitment to Batesville’s growth from the community has paid off as we welcome another new corporate partner to Batesville. We are beyond excited to officially be opening the new Industrial Park and could not have imagined a better foundational tenant in IKIO LED Lighting, LLC.”
Based on the company’s job creation plans, the Indiana Economic Development Corporation (IEDC) committed an investment in IKIO 150 Industrial, LLC of up to $300,000 in the form of incentive-based tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
“Indiana’s strong roots in manufacturing paired with an emerging energy sector make Indiana the ideal destination for innovative companies like IKIO 150 Industrial to shine bright and grow,” said Ann Lathrop, IEDC’s executive vice-president of global investments. “We are excited for what this opportunity will bring the city of Batesville and for the Hoosiers stepping into these quality careers.”
“We are excited to welcome IKIO to our community and are confident that others will see IKIO’s investment in Batesville as an area of opportunity and growth,” said Sarah Lamping, Economic Development Director for the City of Batesville.