Wednesday, January 18, 2012

Seiler uses Mo. incentives to grow - Kansas City Business Journal:

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After outgrowing its Webster Groves headquarters, the companyu to combine its operations intoone 148,000-square-footy facility at 3433 Tree Court Industrial Blvd. The company is celebratinfg the move with an open houser Fridayand Saturday. Seiled has applied, and expects to be approved, for reimbursement of 50 percent for training through the stateincentivee program, said Seiler’s director of human Dan Ranson.
He said the training would includde new employees as well as improving the skill sets of currentr employees for the fiscal year beginning next Seiler is acontract manufacturer, specializing in fire-controo equipment, and a distributor of surveying microscopes and Zeiss planetaria. The manufacturinv division producesoptical fire-control equipmeng and components, such as periscopes, telescopes and primarily for the military. The divisiom accounts for about halfof Seiler’z revenue, which was nearly $50 million in 2008. St. Louisx County is providing Chapter 100 tax abatementy for thenew headquarters, said Seiler Executivde Vice President Rick Seiler.
The company bought its new building in Octoberfor $5.8 moving about 150 employees from three previous buildings to the new Kirkwood address. Rick Seiler said Friday that in exchang for thetax incentives, the company committed to add at least 25 jobs and maintai them for 10 years. At the time the move Presidenr Tom Seiler told the Business Journall that the company plans to add betweeh 30 and 40 employeexs over the next four to five mostlyin manufacturing. Seiler Instrument was founded in 1945. It’ s owned by Tom Seiler; his father, Eric; and his Rick.

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