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Logistics company plans 315 jobs in North Vernon

 IBJ Staff
November 14, 2011
Keywords
Distribution & Logistics, Economic Development, Economic Development Agencies, Economic Development Incentives, Government & Economic Development, Indiana Economic Development Corp., Tax Abatements, Tax Credits, Transportation, Distribution & Logistics
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Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.

The facility will be the company's first in Indiana. Exegistics plans to tear down a vacant structure on a 10-acre property and begin construction on new facilities in January, it said.

North Vernon is in Jennings County, about 65 miles southeast of Indianapolis.

Exegistics said it will establish a temporary regional office at the North Vernon Education Training Center this month until construction is complete.

The Indiana Economic Development Corp. offered Exegistics up to $1.8 million in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans. IEDC also will provide Jennings County with up to $125,000 in infrastructure assistance from the state's Industrial Development Grant Fund.

The city of North Vernon may provide additional incentives.

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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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