Fastenal Company is expanding its operations in Indianapolis, Indiana, according to the Indianapolis Star. The Minnesota-based businesses is investing $13 million to build then equip the new 167,000-square-foot addition to its distribution center, which is currently 900,000 square feet.
Fastenal chose to expand its Indianapolis location due to its centrality to the company's customers. The Indianapolis distribution center has the ability to service Fastenal's customers quickly and efficiently, the Indianapolis Star reported.
"With 80 percent of the U.S. population just a day's drive away, it is clear why logistics operations make Indiana their home," said Gov. Mike Pence
City and state tax incentives also helped Fastenal finalize the project, according to Area Development. The Indiana Economic Development Corporation gave Fastenal $285,000 in conditional tax credits based on job creation numbers. The city also approved additional incentives at the request of Develop Indy, the business unit of the Indianapolis Chamber.
The expansion should be finished by the end of the year and will add 60 new jobs by 2016.
Businesses that are expanding their distribution centers should partner with operations recruiters to find the most qualified candidates for their new jobs. Operations recruiters can aid companies in bridging the gap between skilled workers and open positions.