Indiana’s economy should start to recover this year from the damage of COVID-19, but the economy likely won’t fully rebound until late 2022 or early 2023, a Ball State University economist says.
The Indiana Economic Development Corp. has pledged $8 million in conditional tax credits to San Francisco-based Stitch Fix, based on its hiring plans.
Investors have poured money into industrial properties in 2020, spending more on U.S. warehouses than office buildings for the first time as social-distancing pushes even more consumers to e-commerce.
The 92,000-square-foot facility, which will handle last-mile delivery for bulky items like grills and patio furniture, is part of the retailer’s $1.7 billion investment in its distribution network.
Warehouse workers say they’ve been under enormous pressure for months, working extended hours to fulfill a crush of pandemic orders. Now they are preparing for an unprecedented surge in demand, as retailers kick off online holiday sales earlier than ever.
The not-for-profit’s central Indiana organization must vacate its current space and hopes to secure 10,000 square feet at another location that could be leased for a nominal fee.
A subcontractor is taking over the facility for Chinese-based appliance maker Haier Group, and current employees are being asked to reapply for their jobs.
The red-hot Indianapolis industrial real estate sector is nearing all-time records in vacancy, construction and absorption, newly-released market reports obtained by IBJ show.
The retail behemoth will begin paying a minimum wage of $15 per hour in November, but local non-Amazon employers say they have strategies of their own for attracting and retaining workers.
The retailer says the new facility, which will occupy more than 1 million square feet, will be located next door to its existing center. The center is expected to create hundreds of jobs.
Longtime local entrepreneur Jim Sapp is revving up for expansion of his latest venture: Commercial Self Storage, a company geared to business customers.
Employees have been notified that their jobs will be eliminated in phases beginning in August and concluding Oct. 31.
Kroger Co. and United Kingdom-based online grocer Ocado Group are working on identifying sites for three automated distribution centers in the United States this year and may open as many as 20 within three years.
The number of warehousing and storage jobs in central Indiana has more than doubled since 2001, both in numbers and as a percentage of total local jobs.
The retail giant confirmed to IBJ on Friday that it intends to rehire DHL workers, who also could have a chance to transfer to other DHL facilities.
New Jersey-based U.S. Cold Storage plans to add 100,000 square feet to its existing 200,000-square-foot refrigerated warehouse and logistic-services facility.
Widespread fears about automation and job loss are often misplaced. Automation has actually helped create jobs in e-commerce, rather than eliminate them, and stands to create more in the years ahead.
Amazon.com Inc. is experimenting with a new delivery service intended to make more products available for free two-day delivery and relieve overcrowding in its warehouses, according to two people familiar with the plan.