— Hahn Systems, LLC, a construction and industrial tools supplier, recently announced plans to expand its headquarters in Indianapolis, creating up to 20 new jobs by 2016.
The homegrown-Hoosier company will invest $900,000 to purchase and equip a 27,000 square-foot facility at 6312 Southeastern Ave. Hahn Systems will house its Southeastern Supply Co. (SESCO) division in the new facility, which is expected to be operational by June. The company, which employs 50 people in Indiana, has already begun hiring additional sales, customer service, and delivery associates.
"Hahn Systems' success story begins right here in Indiana, from where they have been providing quality service for generations to contractors and manufacturers in their industry throughout the Midwest," Indianapolis Mayor Greg Ballard said in a press release. "Their expansion in Indianapolis further strengthens our city as a great place in which to do business, and I congratulate Hahn Systems on their continued growth."
Founded in 1938, Hahn Systems supplies construction and industrial tools, including nails, staples, abrasives, and fasteners. The company added lines of lumber, dry wall, and other masonry supplies to its service offerings through the purchase of SESCO in June 2012. With three facilities in Indiana, as well as facilities in Kentucky and Michigan, Hahn Systems supplies to wood-based manufacturers, residential contractors, and commercial contractors across the Midwest.
The Indiana Economic Development Corporation offered Hahn Systems, LLC up to $140,000 in conditional tax credits and up to $20,000 in training grants based on the company's job creation plans. The tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis approved additional tax abatement at the request of Develop Indy.
The Milken Institute recently ranked Indianapolis 51st overall - and second in the Midwest - in its annual Best-Performing Cities index. The study ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth.