IBJNews

BREAKING: Backhaul Direct plans expansion, 325 new jobs

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis logistics firm Backhaul Direct LLC will invest $1.7 million to grow its downtown operation, adding nearly 325 new jobs over the next four years.

State officials announced the expansion plans Thursday morning.

Indiana Economic Development Corp. offered the company as much as $2 million in performance-based tax credits and up to $75,000 in training grants based on the job-creation plans. The city will consider an additional property tax abatement at the request of Develop Indy.

Backhaul Direct now employs about 70 at its 1 Virginia Ave. headquarters, where it intends to lease additional space.

It ranked 13th last year on IBJ’s list of fastest-growing private companies, reporting revenue of more than $18.9 million in 2009, up from $9.4 million in 2007.

Founded in 2004, the company manages transportation and distribution of freight across the United States and overseas—connecting customers who have products to ship with carriers that can deliver it. In 2009, the firm launched BD Managed Services, a subsidiary that manages IT and telecommunications services for companies in the logistics industry.

The company said it will begin hiring customer service, information technology, sales and management positions immediately.

"Backhaul Direct chose to remain in Indiana because of the strong support and commitment from the state of Indiana and city of Indianapolis," Chief Operating Officer Nick Hoagland said in a prepared statement. "Over the past six years, our business has seen tremendous growth because of our great Hoosier work force and the advantages and cost savings that Indianapolis and Indiana have to offer."

ADVERTISEMENT

  • ??
    It would be nice if it would pay its vendors on time- I am currently sitting on an invoice for around $500 and it is currently at 55 days. Nice write up but maybe the money would be better spent with someone that is at least current with there obligations.
  • HR Executive
    It would be nice, if one of the missions of IBJ, would be to provide that performance based evidence, the public economic benefit data, as captured from the sports and corporate state cash, incentives and infusions! I mean they have the talent their, and the objectivity, Thundermutt raises the right questions, but is that factual?
  • Really Really
    Unfortunately, you assume a lot! It's a great risk when the city invest funds with companies. Usually, companies have low retention rates (after benefits - stats go both ways), but at least its performance based, which is seriously needs to be reemphasized for Mr. Jim there. PERFORMANCE BASED something the libraries can't say, educatiion - heck no for more reasons than I care to write right now, and Police are you serious. 2010 was a disgrace for them and the good ol' boys walked scott free.
  • Really?
    How much income and sales tax do you think is generated by 325 employees making an average of $50,000 each? Those taxes pay for schools, libraries, police, fire, and infrastructure.

    Answer:
    State income tax, around $450K/yr
    City income tax, around $200K/yr
    Sales taxes, around $500K/yr

    Total over $1 million/year.
  • Corporate Welfare
    While we give away 2 million dollars to another company as corporate welfare, with promises of tax abatements, the city is underfunding its schools, libraries, police, fire, and infrastructure.
    Ans when the company has grown, and then decides that unless they continue to receive more incentives, they will move their operations to another location, or even out of the country.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

ADVERTISEMENT