Locally based MD Logistics on Tuesday morning announced a $3.7 million expansion in Plainfield that's expected to create 50 jobs this year.
The third-party logistics provider said it will upgrade a 173,000-square-foot facility, creating additional pharmaceutical-grade storage capacity for clients in the life sciences and medical device industries. MD said the upgrade will allow it to service a new contract with a "large global pharmaceutical company" that it did not identify.
MD, which already employs 200 full-time workers at its three-facility campus in Plainfield, has begun hiring for warehouse workers, supervisors and other positions.
“Last year we celebrated our 20th anniversary, and a large part of our success has been a direct result of the attractive business climate the state of Indiana offers,” Mark Sell, MD Logistics' president and co-founder, said in a statement.
MD Logistics manages companies' supply chains in a host of industries, including life sciences, retail and consumer goods. In addition to its Plainfield facilities, the firm has operations in Reno, Nevada.
The Indiana Economic Development Corp. offered MD Logistics up to $255,000 in tax credits based on the company’s job-creation plans. These incentives are performance-based, meaning the company can't claim them until workers are hired.