An Indiana location of a nationwide 3PL logistics company was in competition for the addition of a new customer that would lead to expansion of their operation. The expansion involved the addition of 143 jobs, 306,000 sq.ft., and projected capital investment in the building and equipment of $7.1 million.
The Indiana based operation hired our team to manage the incentive procurement and compliance. Logistics is a target industry in Indiana, so there was a clear desire for the expansion and job creation. The local community provided a real property tax abatement with a value estimated at $624,525 and a personal property tax abatement value estimated at $80,000.
The state contributed with refundable tax credits in the amount of $1,047,000 and a $200,000 training grant for new and existing employees, with the flexibility to file for a second grant once the first is closed out.