Indianapolis-based Electrical Repair & Maintenance Co. Inc.—better known as ERMCO—unveiled plans Tuesday afternoon to spend $18 million on a new headquarters in Greenwood where it will employ 170 workers.
ERMCO, one of the nation’s top electrical, systems and automation contractors, said it wants to build a 205,220-square-foot facility with 63,240 square feet of office space and 141,980 square feet of shop space on an 11.5-acre lot at the northwest corner of Main Street and Graham Road.
The company said it would move 150 jobs from its existing headquarters at 1625 W. Thompson Road on the south side of Indianapolis and hire an additional 20 employees.
ERMCO told the Greenwood Redevelopment Commission that the jobs would pay an average wage of $70,000 per year, or $33.65 per hour.
The Greenwood Common Council will review and vote on a tax abatement for the project.
Construction is expected to begin in fall 2021 and be completed in fall 2022.
“We are thrilled to announce our relocation plans and are thankful to have worked with Mayor [Mark] Myers, his team and the Redevelopment Commission to secure an optimal headquarters location,” said ERMCO President and CEO Greg Gossett in written remarks. “We look forward to working with local organizations to advance electrical and automation technology throughout central Indiana.”
Founded in 1962, ERMCO has worked on several major projects across the country, including the Indianapolis International Airport, Barclays Center in Brooklyn, Louis Armstrong New Orleans International Airport and Urenco USA uranium enrichment plant in Eunice, New Mexico.
The company became 100 percent employee-owned in 2019.