Hat World Inc. announced Friday morning that it is moving its headquarters from Indianapolis to Zionsville as part of a $22 million expansion that is expected to create 758 jobs by 2025.
Hat World, which manufactures apparel and operates 1,000 stores nationwide under the Lids brand, said it will construct and equip a 150,000-square-foot headquarters office at Creekside Corporate Park in Zionsville.
The company also will lease more than 600,000 square feet of additional warehouse space in Indianapolis. Hat World now operates out of 225,000 square feet of leased space in Park 100 on the city’s northwest side, and another 285,000 square feet of leased space on West 76th Street.
Of the jobs Hat World is expected to create, about 300 of those will be filled in late 2015 or early 2016 and include administrative, finance, human resources and business development positions.
Hat World will begin hiring for manufacturing, distribution and warehouse jobs in the third quarter of this year, the company said.
The Indiana Economic Development Corp. will offer Hat World up to $3.4 million in conditional tax credits and up to $300,000 in training grants based on the company’s job-creation plans. In addition, the Indiana Economic Development Corp. will provide Zionsville with up to $250,000 in infrastructure assistance from the state’s Industrial Development Grant Fund.
Hat World is the parent company of Lids Sports Group, which includes Lids retail headwear stores, Lids Clubhouse retail outlets and the Lids Locker Room specialty fan retail chain.
Hat World is owned by Tennessee-based Genesco Inc. Lids accounted for 30 percent of Genesco’s $2.6 billion in sales in the fiscal year that ended in February 2013.
This story will be updated.