Hat World Inc., a retailer and manufacturer of sports hats and apparel, announced Thursday morning that it plans to expand
its local headquarters and distribution operations, creating as many as 571 jobs by 2015.
The Indianapolis-based company, a subsidiary of Nashville, Tenn.-based Genesco Inc., said it plans to invest up to $22 million to lease and prepare additional space locally as it consolidates manufacturing and warehouse operations from Wisconsin.
Hat World’s 300 local employees currently work out of 195,000 square feet of leased space in Park 100 on the city’s northwest side. Hiring of additional workers is expected to begin this summer as new operations are phased in locally.
The Indiana Economic Development Corp. offered Hat World up to $4 million in performance-based tax credits based on the company’s job-creation plans. Indianapolis will consider additional property-tax abatement.
Founded in Lafayette in 1995, Hat World later moved to Indianapolis before being acquired by Genesco in 2004. The company operates more than 900 retail stores in 48 states.