MD Logistics, a third-party logistics company, plans to expand its Indiana operations, creating up to 50 new jobs in 2017.
“To take our state’s economy to the next level, we need companies not just to locate in Indiana—but to stay and grow in our communities,” said Gov Eric J Holcomb. “MD Logistics is one of many Hoosier companies doing just that, and they play a vital role in making Indiana a magnet for jobs. We’ll do our part by sustaining our pro-business environment and by funding a long-term plan for roads and bridges that ensures the transportation network companies like MD Logistics count on is maintained and developed for the years to come.”
The Indiana company will invest more than $3.7 million to renovate its current operations in Plainfield IN, creating additional pharmaceutical-grade storage capacity for global and domestic clients in the life sciences and medical device industries. The company is upgrading its 173,000-square-foot facility, which opened in 2015, to expand frozen and refrigerated pharmaceutical storage capabilities.
This renovation, which is expected to be complete later in February, will allow MD Logistics to support increasing market demands, including a new contract with a large global pharmaceutical company. The company currently operates a total of four facilities in Plainfield and Reno NV, covering a footprint of nearly 1 million square feet.
The Indiana Economic Development Corporation (IEDC) offered MD Logistics and its sister company, MD Express Inc, up to $255,000 in conditional tax credits based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The town of Plainfield approved additional incentives at the request of the Hendricks County Economic Development Partnership.
For more information, go to www.iedc.in.gov.