Shoe Company Expanding in Jeffersonville

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Jeffersonville-based Shoe Sensation Inc. is planning to add more than 30 jobs by 2017 as part of a headquarters expansion. The company intends to invest $800,000 in improvements to a distribution facility at the America Place Business Park to support additional retail locations. September 30, 2014

News Release

JEFFERSONVILLE, Ind. - Shoe Sensation, Inc., a regional chain of family shoe stores, announced plans today to expand its corporate headquarters and distribution center here, creating up to 32 new jobs by 2017.

The homegrown-Hoosier company will invest $800,000 to lease, renovate and equip a 92,000 square-foot facility at the America Place Business Park in Jeffersonville, gaining 40,000 additional square feet for inbound and outbound product delivery. Beginning operations earlier this month, the company's new distribution center and corporate headquarters will allow it to supply its current 100 stores, in addition to meeting its goal of supporting more than 150 stores in just over two years.

"Shoe Sensation's decision to expand its headquarters in Indiana reaffirms the confidence that flourishing companies have in our pro-business environment," said Eric Doden, president of the Indiana Economic Development Corporation. "This company's plans are in step with the Hoosier State's growing economy, with companies from down the street to around the world continually choosing to grow their headquarters here in Indiana, a state that works."

Shoe Sensation currently employs 850 associates at its stores across 16 states, including more than 90 Hoosiers and 60 full-time associates at the company's Jeffersonville headquarters. It has already begun hiring buyers, allocators, human resource professionals, accountants, advertising specialists, warehouse associates and real estate professionals. Interested applicants may apply online at www.shoesensation.com/career.html.

"We are very excited about the expansion of our distribution facility, which will enable us to add 32 new jobs to our community," said Michael Zawoysky, chief executive officer of Shoe Sensation. "In addition to the new jobs in southern Indiana, this expansion gives us the facility space needed to grow our retail portfolio in Indiana and surrounding states. The support we have received from the state of Indiana and the city of Jeffersonville has been an invaluable part of our continued growth."

Founded in 1984, Shoe Sensation sells name-brand footwear for women, men and children, primarily serving small communities in Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin. With its focus on supporting local communities, Shoe Sensation has already opened 14 new stores this year. The company has 18 stores in Indiana, with Kendallville, Washington and Vincennes stores opening just this year. Earlier this month, Shoe Sensation opened its 100th store in Corydon, Indiana.

The Indiana Economic Development Corporation offered Shoe Sensation, Inc. up to $350,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Jeffersonville approved additional tax abatement at the request of One Southern Indiana.

"It's very rewarding when the expansion of a dynamic corporation like Shoe Sensation reinforces the assertion that Jeffersonville, Indiana is a great place to work, live and succeed," said Jeffersonville Mayor Mike Moore. "The expansion of their headquarters is a testament not only to the company's leadership, but also to southern Indiana's outstanding workforce, America Place's strategic location and Jeffersonville as a whole."

Shoe Sensation's growth comes on the heels of an announcement earlier this month that Tenneco, a global vehicle parts supplier, plans to locate a new 150,000 square-foot Clean Air facility in Jeffersonville, producing emission control products for customers including Ford and General Motors. With its growth, Tenneco plans to create more than 250 new jobs in the coming years.

About Shoe Sensation

Shoe Sensation has achieved success through superior merchandise assortment and outstanding customer service within a well-designed and comfortably appointed store environment. By creating an exciting branded shopping experience for customers and offering growth opportunities for associates in new and existing markets, Shoe Sensation continues to be a winning retail concept.

Since opening its first store in 1984, Shoe Sensation has focused on bringing America’s top footwear brands to growing communities in the Midwest through experienced international sourcing. For more information, visit www.shoesensation.com.

About IEDC

Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Source: The Indiana Economic Development Corp.

September 30, 2014

News Release

JEFFERSONVILLE, Ind. - One Southern Indiana announced today that Shoe Sensation, Inc., a Midwest shoe retailer headquartered in Jeffersonville, Ind., will be expanding its current facility by 40,000 square feet. Existing store growth and new store openings have created the need for more space to receive and distribute product to existing and new store locations. Since January 2013, the Company has added 23 new locations, or approximately 25 percent growth, and expanded into three new states in the Midwest. Plans are to open an additional 50 stores through the end of 2016, resulting in annual growth of over 20 percent.

Shoe Sensation will invest $800,000 at its headquarters location in both real and personal property, as well as hire an additional 32 positions over the next four years. Shoe Sensation currently employs over 850 employees company-wide.

With assistance from One Southern Indiana, the Indiana Economic Development Corporation offered Shoe Sensation, Inc. up to $350,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Shoe Sensation's location also affords them the opportunity to apply for benefits through the Jeffersonville Urban Enterprise Zone.

"We are very excited about the expansion of our distribution facility which will enable us to add 32 new jobs to our community. In addition to the new jobs in southern Indiana, this expansion gives us the facility space needed to grow our retail portfolio in Indiana and surrounding states. The support we have received from the state of Indiana and the city of Jeffersonville has been an invaluable part of our continued growth," said Michael Zawoysky, chief executive officer of Shoe Sensation, Inc.

"Shoe Sensation's decision to expand its headquarters in Indiana reaffirms the confidence that flourishing companies have in our pro-business environment," said Eric Doden, president of the Indiana Economic Development Corporation. "This company's plans are in step with the Hoosier State's growing economy, with companies from down the street to around the world continually choosing to grow their headqua