Newegg, Inc., an electronics-focused e-retailer, recently announced plans to locate a new warehouse facility in Decatur Township, creating up to 150 new jobs by 2015.
The California-headquarted company will invest $20 million to lease, renovate, and equip a nearly 500,000 square-foot order fulfillment facility in Indianapolis.
The expansion, which is expected to be complete by late 2014, will allow Newegg to better serve customers in the Midwest, Chicago and Great Lakes regions.
“The Hoosier State’s reputation for a robust infrastructure separates us from the rest of the pack,” Gov. Mike Pence said in a press release. “When companies like Newegg are comparing locations for new distribution hubs, they quickly discover that Indiana’s compelling story — including talented workers, low-tax policies and fiscal stability — make it a state that works for logistics.”
Newegg, which currently employs about 2,600 employees worldwide, plans to begin hiring workers for its new Indianapolis order fulfillment center late next year.
Positions will include order fulfillment center managers and supervisors, as well as forklift and reach truck operators. There will also be positions available in receiving, order picking and packing, shipping, and clerical-related operations.
Founded in 2001, Newegg offers 8 million products to more than 22 million registered users at Newegg.com. The website includes detailed product descriptions, how-to guides and more than 2.5 million product reviews.
The Indianapolis order fulfillment center will enable Newegg to handle 30,000 different products and ship tens of thousands of orders daily to its Midwestern customers, with production increases likely during peak seasons.
The Indiana Economic Development Corporation offered Newegg, Inc. up to $1,000,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. These 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, a business unit of the Indy Chamber.