FRANKFORT, Ky. (Nov. 18, 2015) – National Office Furniture Inc., a subsidiary of Kimball International Inc. (NASDAQ: KBAL), which designs and manufactures office furniture, will invest $530,000 in its Danville facility, Gov. Steve Beshear announced today. The investment will create 40 jobs and increase the location’s production capabilities.
“Kimball has been producing quality furnishings at its Danville facility for more than 15 years, and I’m glad to see the company’s footprint in Kentucky continue to grow,” said Gov. Beshear. “Nearly anyone using offices, meeting rooms, hotels, health-care settings, libraries, lounges or study areas has worked from and appreciated Kimball’s products. It is great to know that Kimball will add to its Boyle County workforce and production with this latest announcement.”
Kimball’s investment comes in response to increased sales of its National Office Furniture and Kimball Office brands. The company also notes that market demand for its new lounge product series – including Fringe™, Villa™, Pairings™, Boyd®, Confide®, Reno® Enhancements and Dwell™ – led to the need for equipment upgrades and a boost in employment.
“National Office Furniture’s Danville manufacturing location has been an important part of Kimball International since the acquisition of the Danville facility in 1999. The facility has grown from under 70 employees to 190, and we expect this number to increase significantly in the next year,” said Kevin McCoy, president of National Office Furniture. “The Danville facility has experienced double-digit growth over the past five years, taking advantage of market trends and strong new product development. National Office Furniture sets best practices within the industry; continuously improving through our operational excellence; and excelling at providing a positive impact through community development, community outreach and workforce planning. National Office Furniture thrives and continues to attract further business and employees to the furniture market, fostering a positive impact and culture through its core values and principles. Kimball International earned the Great Place to Work® designation in 2015, a recognition based on employee survey responses regarding the organizational culture.”
In addition to its Danville location, the company maintains an operation in Fordsville. Parent company Kimball International, based in Jasper, Indiana, operates 17 U.S. production facilities across Indiana, Kentucky, Indiana, Idaho and Virginia.
Kimball, which turned 65 this year, is a leading manufacturer of design-driven, technology-savvy, high-quality furnishings sold under the company’s family of brands: National, Kimball Office and Kimball Hospitality. Kimball’s diverse portfolio provides solutions for the workplace, learning, healing and hospitality environments. Customers can access products globally through a variety of distribution channels.
“The new investment from National Office Furniture is great news for the Danville community,” said Sen. Chris Girdler, of Somerset. “The 40 new jobs will be wonderful new opportunities for Kentuckians, and specifically for economic growth in the area. We appreciate the work of everyone who helped attract this wonderful new investment.”
“Kimball and its predecessor companies have been operating in Danville since 1946, and I thank Kimball for its reinvestment. This project again affirms our community’s pro-business environment and productive workforce,” said Danville Mayor Mike Perros. “Our city is committed to this great company’s long future of success here.”
“For almost 70 years, this furniture manufacturing facility has provided good jobs and wages to Boyle Countians and their families as well as to our regional neighbors,” said Boyle County Judge-Executive Harold McKinney. “It is a compliment to the quality of our area’s workers that Kimball is choosing to expand here in Boyle County. I appreciate Kimball’s confidence in us, and we will continue to support their growth in any way possible.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program. The performance-based incentive allows the company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Kimball is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.
For more information on Kimball International Inc. and National Office Furniture Inc. visit www.kimball.com and www.nationalofficefurniture.com.
A detailed community profile for Danville (Boyle County) can be viewed here.
The Kentucky Cabinet for Economic Development is the primary state agency responsible for encouraging new jobs and investment in the state. New capital investment announced in Kentucky in 2015 totaled a state record $5.1 billion, spurring more than 16,000 projected new jobs. Information on available industrial properties, workforce development assistance, incentive programs, community profiles, small business development and other economic development resources is available at www.ThinkKentucky.com.