A manufacturing company is planning to relocate and expand in Greenwood, adding 60 new jobs.
Wurth Service Supply wants to build a 230,000-square-foot building in the Southpoint Business Park, off Interstate 65, replacing the current facility on the north side of Indianapolis.
The company plans to invest more than $21 million in the building and equipment, relocate 100 jobs and add 60 new jobs in the coming years.
In exchange, the company is asking for a 10-year tax break on both the building and the new equipment, according to paperwork filed with the city. Members of the redevelopment commission approved the tax break, and members of the city council gave it unanimous preliminary approval. A public hearing and two more approvals from the council are scheduled for September.
The tax break would forgive about $2 million in property tax payments during a 10-year period, and the company would pay about $2 million in property taxes phased in over that time.
Wurth Service Supply is a division of the Wurth Group, a German-based company that makes assembly and fastening materials, including screws, anchors and tools. Wurth Service Supply also offers inventory management services to multiple industries, including agriculture, construction, automotive suppliers and commercial cargo makers.
Officials wanted to bring the regional hub to Greenwood to improve the distribution network, the paperwork filed with the city said.
Their plan is to hire the new employees over the course of five years. The average wage would be $20.26 per hour, or about $41,000, and jobs would include laborers and administrative and professional roles, the paperwork said.
The company plans to begin construction on the new facility next month, and finish by the end of 2017.
The new facility would be built on about 40 acres of land in the business park, located just north of Ulta. Wurth Service Supply would lease the building from Scannell Properties, with an option to buy it.