IBJNews

Vera Bradley plans to expand distribution center

Back to TopCommentsE-mailPrintBookmark and Share

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

 

ADVERTISEMENT

  • 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......

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. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

  2. Are you financially down and you need money to settle your dept,or you need money to start up a business or to invest on a huge business,we also offer Loans to individuals, Firms and cooperate bodies at low interest rate , loan terms determinant,Loan amount between the sum of $5,000.00 to $100,000,000.00. US Dollars And Euro. Loan for developing businesses a competitive edge/ business expansion. We Offer The Following Kinds Of Loans. Personal Loans (Secure and Unsecured) Business Loans (Secure and Unsecured) Consolidation Loan FIRST INFORMATIONS NEEDED ARE: BORROWER’S DATA’S INFORMATION,FILL AND RETURN FOR QUICK START UP PROCESS. Name:_________ Last Name:_________ Age:_________ Contact Address:_________ Country:_________ Amount Needed as Loan:_________ Loan Duration:_________ Phone Number__________ Monthly Income/Yearly Income:_________ Purpose for Loan:_________ Occupation:_________ How Soon is Loan Needed__________ Email via: albertbrownfirm@outlook.com

  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

ADVERTISEMENT