An international company that designs and sells luggage is receiving state and city incentives to relocate its U.S. headquarters to Greenwood.
IT Luggage will receive up to $105,000 in tax credits from the Indiana Economic Development Corp. based on the amount of new employees the company hires, a news release said.
The new facility is set to open this fall once work on the building, which includes resurfacing the parking lot, building a new docking area, installing a fence, repairing exterior masonry and renovating the office space is complete, the release said.
Earlier this year, the Greenwood Redevelopment Commission unanimously approved giving $20,000 to IT Luggage, which will be moving its headquarters from Indianapolis to 1760 Industrial Drive. As a condition of the city’s incentive, the company stated it would add 14 jobs by 2021 and make about $500,000 in improvements to the property, which has been vacant for several years.
