Earnest Machine Products, a Cleveland-based manufacturer of fasteners, plans to close warehouses in Cleveland and Davenport, Iowa, and consolidate those operations in Indianapolis.
The company has signed a five-year lease for an existing 90,000-square-foot building in Park 100 on the city’s northwest side for the new distribution center, according to the local office of Colliers International, which brokered the real estate deal.
The company expects to create 16 new jobs locally and invest $1.2 million in the consolidation. The Indiana Economic Development Corporation offered Earnest Machine Products up to $100,000 in performance-based tax credits based on the company’s job-creation plans.
Earnest President Kirk Zehnder said the 62-year-old company chose Indianapolis due to the city’s central location.
“Indianapolis is a logistics hub for the Midwest that provides reliable and economical delivery options,” he said in a prepared statement.