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Vera Bradley plans to expand distribution center

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Handbag and luggage maker Vera Bradley Inc. says it plans to invest $22.5 million to nearly double the size of its Roanoke distribution center in northeastern Indiana, creating up to 124 new jobs by 2015.

The company announced the plan Thursday.

The Journal Gazette of Fort Wayne reported work will begin this fall to expand the 220,000-square-foot facility to 420,000 square feet. The project will add warehouse space, truck docks and retail store staffing areas and is expected to be completed in fall 2012.

The Indiana Economic Development Corp. says it offered Vera Bradley about $1 million in tax credits and other incentives based on its job-creation plans.

Vera Bradley has more than 1,500 employees, including 800 in northeastern Indiana.

Roanoke is 14 miles southwest of Vera Bradley's headquarters in Fort Wayne.

Vera Bradley was founded 29 years ago by Barbara Bradley Baekgaard and Patricia R. Miller. Today, it has more than 1,800 employees worldwide and fiscal 2011 sales of $366 million.

The Indiana Economic Development Corporation offered Vera Bradley, Inc. up to $975,000 in performance-based tax credits and up to $100,000 in training grants based on the company's job-creation plans. Fort Wayne and Allen County will consider additional incentives at the request of the Fort Wayne-Allen County Economic Development Alliance

 

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  • Growth
    It seems to me that so many companies focus on growth,growth,growth...bigger,bigger and eventually outgrow the demand for their product...rather than investing money in quality, their people, and saving for when the demands for their product waivers......

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