Miller Pipeline, LLC, a company specializing in pipeline installation, announced plans to expand its headquarters in Indianapolis, creating up to 48 new jobs by 2016.
The company, which is a wholly-owned subsidiary of Indiana-based Vectren Corporation (NYSE: VVC), will invest $5.3 million to construct and equip a facility to support its operations nationwide on its 34-acre Indianapolis campus. The 52,000 square-foot facility, which will be fully operational by 2014, will house maintenance and fabrication shops, material handling and shipping areas, a training center, and administrative support offices.
“This announcement keeps Indianapolis at the forefront of the rapidly growing natural gas and clean energy industry,” Indianapolis Mayor Greg Ballard said in a press release. “The additional jobs and investment by Miller Pipeline reaffirms that Indianapolis is a great place for business.”
Miller Pipeline, which currently has 125 full-time employees at its Indianapolis headquarters, 600 employees in Indiana, and more than 3,000 employees nationally, plans to begin hiring new associates in Indianapolis later this year.
“We decided to expand our Indianapolis headquarters to reflect the developments we are seeing within the shale gas and infrastructure pipeline replacement markets,” said Doug Banning, chief executive officer of Miller Pipeline. “Indiana has been a great place to do business, and we look forward to our continued growth, job creation, and being a good community partner.”
Founded as a family-owned business in 1953 and entering Indiana’s pipeline market in 1961, Miller Pipeline specializes in the installation of natural gas, water, and sewer system underground pipelines. With six facilities in Indiana and operations in 21 other states, the company serves local natural gas and oil distributors as well as water and wastewater municipalities across the country.
The Indiana Economic Development Corporation offered Miller Pipeline, LLC up to $200,000 in conditional tax credits and up to $200,000 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, a business unit of the Indy Chamber.
Miller Pipeline is among a growing number of businesses expanding their headquarters in Indiana. This year 30 companies have made plans to expand or relocate their headquarters here, accounting for more than 3,360 projected new jobs and $242 million in capital investment.