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World Media Group to expand Indianapolis operations

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Multimedia products maker World Media Group Inc. will invest more than $2 million to expand its manufacturing operations on the east side of Indianapolis, increasing its workforce by 20 percent.

State economic development officials announced the expansion plans Wednesday morning.

The Indianapolis-based company, which makes DVDs, compact discs and flash drives, already employs more than 130 at its manufacturing facility on East 30th Street. It plans to add as many as 28 jobs in the next two years.

Indiana Economic Development Corp. offered the company as much as $100,000 in performance-based tax credits and $5,000 in training grants. The city of Indianapolis will provide hiring assistance.
 
"Indiana and more specifically, Indianapolis made strategic sense for the expansion of our manufacturing process because of this centralized location,” World Media executive Josh Mellentine said in a prepared statement. “We can reach 70 percent of the United States and Canada in one day's drive.”

Founded in 1988, World Media employs about 150 at production centers in Columbus, Ohio; Nashville; Dallas; and New York City. Its Creative Card Group produces and programs the plastic cards used for gift cards, loyalty cards and hotel room keys.

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  • State money, not city money
    The financial incentives received by this company are from the State of Indiana, not from the City of Indianapolis. Be mad at the State's Economic Development Office, not the Mayor.
  • Correct
    This company doesn't pay the MPEG/LA licensing and has also filed bankruptcy numerous times. Doesn't mayor Ballard check before throwing money at companies to make sure they are decent companies?
  • WMG is not fair
    This company WMG, does NOT pay all the associated royalties on their DVD manufacturing and continually low balls its competitors by not playing fair! This company has also filed bankruptcy numerous times and how the city can give them money etc is beyond me!

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