Reiloy Westland Corp. to move to new Maize industrial park with help of incentives
08/19/2014 12:00 AM
08/19/2014 2:55 PM
The city of Maize has landed a sizable new business and is getting a new industrial park to boot.
Reiloy Westland Corp. plans to build a 45,000-square-foot building at the northwest corner of 119th Street West and 53rd Street North, and company president Dave Larson and his wife, Deborah, will start an industrial park there.
“Obviously, it’s a good deal for all of us,” says City Administrator Richard LaMunyon.
The deal includes up to $3 million in industrial revenue bonds for the acquisition of 27 acres to start the park, a building and 10 years of tax abatement on the property. The Maize City Council approved the deal Monday night in a 5-0 vote.
“We’ve got a real visionary council,” LaMunyon says.
Reiloy, which manufactures components for plastic processing equipment, currently has about 55 employees in 27,000 square feet on Maize Road just south of Kellogg.
“We need more space,” Dave Larson says.
He says the tax abatement and IRBs will allow the company to expand and hire more employees, including about five when the new building opens and 10 over the next five years.
Larson previously owned the company, which was founded in 1969, and sold to the German company Reifenhauser Gruppe in 2012.
“We’ve been growing significantly ever since,” he says.
The company had considered relocating to other markets, including Chicago and some communities around Kansas, that wooed it with incentives.
“We certainly wanted to keep them in the area,” LaMunyon says. “It’s a quality company.”
Larson says Maize leaders and others in the county convinced him to stay.
“The efforts they put forth persuaded us to stay here.”
When Larson began talking with Maize, LaMunyon says he told Larson of a long-range study Maize did “for what it would take to get an industrial park going up here.”
“We wanted an industrial park in the city of Maize, but we wanted it to be privately developed,” he says. “We just didn’t want to go in debt for it.”
The No. 1 site a consultant recommended was for 119th Street West and 53rd Street North. Larson and his wife were interested.
Through their 1735 South Maize Road LLC, the Larsons are purchasing 27 acres in Maize. They are now considering an option for 80 acres next to the 27 acres.
“This is the anchor in the new industrial park,” LaMunyon says of Reiloy.
“It’s just another great attribute for the city of Maize,” he says.
“Our housing incentives have really worked out well. Our commercial is picking up and doing well, and now the industrial park is starting to move.”
LaMunyon says the industrial component helps create an even more stable tax base.
“That means we don’t have to raise taxes. We can look at reducing taxes in the future,” he says. “It’s just good for the city.”
Larson says he wants the new space to be ready by June 15.
“We need to start as soon as possible,” he says.
“The company has purchased a very large machine that will not fit in this building,” he says of a mill-turn machine. “The machine arrives the first of July, and we have to have a place to put it.”
LaMunyon says having a company such as Reiloy in Maize “provides a base of stability for employment for the whole region.”
He says Maize is open to incentives for other companies looking to locate in the industrial park.
“Of course, anybody that follows, we would take each one of them individually.”
He says it makes sense to be an attractive place for business.
“That’s the word we want to get out to people,” LaMunyon says.
“We’re here. … Come see us.”
About Carrie Rengers
Carrie Rengers joined The Eagle's Business team in 2002 despite her inability to even balance a checkbook. Fortunately for her, and readers, her Have You Heard? blog is about business scoops and contains lots of news but almost no math.
A Michigan native, Carrie’s father was quite tragically transferred to Little Rock, Ark., in the middle of her sophomore year of high school. To make matters worse, her parents put her in a girls school. She recovered, though, and went on to enjoy being an English major at Hendrix College (the Harvard of the Ozarks, don’t you know). She worked for the weekly Arkansas Business and the statewide daily Arkansas Democrat-Gazette before moving to Wichita to be with her favorite writer and cook, husband Joe Stumpe.
Carrie encourages readers to contact her with tips, questions, behind-the-scenes business news and even funny quotes from business people. Reach her at 316-268-6340 or email@example.com.
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