Merchandise Warehouse announces Indianapolis expansion plans
INDIANAPOLIS – Third-party logistics company Merchandise Warehouse announced Thursday it plans to add as many as 65 jobs in Indianapolis by 2019.
The family-owned business specializes in temperature-controlled warehousing services.
The company will invest $13.58 million dollars for its expansion. The money will go toward construction of a 90,000 square-foot addition to its food-grade facility on South West Street in Indianapolis. The expansion will be a nearly 25 percent increase to its operating space. Merchandise Warehouse will also update its technology to keep up with demand.
“Indianapolis remains the ‘Crossroads of America’ and we continue to see a growing demand for our services, due not only to the nature and quality of the service we provide, but because of our location,” said Tim Siddiq, president and chief executive officer of Merchandise Warehouse in a statement. “It made sense, when we decided on expanding, to stay right here and build upon our strong team and take advantage of the excellent business climate.”
Merchandise Warehouse currently has 69 full-time employees. Company leaders have said they plan to continue to hire many employees through the Edna Martin Christian Center, which provides job training services and employment coaching for community members in need of assistance.
The company has been offered conditional tax credits based on its hiring plans. If all 65 jobs are created and filled the company could receive up to $300,000 in tax credits.
“The continued growth of Merchandise Warehouse in Indianapolis is a testament to the company’s decades-long commitment to our community as well as the resources, talent and connectivity our city provides,” said Indianapolis Mayor Joe Hogsett in a statement. “I welcome the positive impact today’s announcement by Merchandise Warehouse will have on families and neighborhoods across Indianapolis and look forward to many more opportunities like this in the years to come.”
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