Life Sciences Company Coming to River Ridge

Posted: Updated:
Knipper currently employs 600 associates in five facilities and plans to open the new center in May. Knipper currently employs 600 associates in five facilities and plans to open the new center in May.
CHARLESTOWN -

New Jersey-based J. Knipper and Company Inc. says it will establish operations in Charlestown and create up to 56 jobs by 2021. The company, which re-packages and distributes medical device and drug samples, plans to invest more than $20 million in a warehouse and distribution center at River Ridge Commerce Center.

The 300,000 square-foot facility will manage prescription, controlled substance and cold chain products. The company says the location will allow it to reach more than three-quarters of the U.S. population with two-day ground service.

Knipper currently employs 600 associates in five facilities and plans to open the new center in May. You can find more information on its warehouse and production openings by clicking here.

Chief Executive Officer Jim Knipper says the expansion comes on the heels of year-after-year growth and several acquisitions.

The Indiana Economic Development Corp. offered J. Knipper and Co. more than $400,000 in conditional tax credits and training grants based on the job creation plans. One Southern Indiana is working on additional incentives for the company through the River Ridge Commerce Center's Urban Enterprise Zone.

The announcement marks the latest win for the River Ridge Commerce Center in southeast Indiana. The state says the site supports more than 10,000 jobs and generates an estimated economic impact of $1.3 billion. Crews broke ground earlier this month on a $30 million heavy haul corridor connecting River Ridge to the Port of Indiana-Jeffersonville.

  • Perspectives

    • Want A Guaranteed Negative Return?

      Here we go again! On Wednesday, August 14th, we watched the Dow Jones Industrial Average (DJIA) drop over 800 points.  The previous Monday the Dow ended down over 700 points. But what you may have missed is the sharp downward move in interest rates that has intensified with the recent stock market volatility. What does this mean for your portfolio?

    More
  • Most Popular Stories

    • ‘Transformation’ Continues in Westfield

      Indiana’s fastest growing city is showing no signs of slowing down.  Mayor Andy Cook says now that Westfield has established itself as a destination for family sports with the Grand Park Sports Campus, the $35 million Grand Junction Plaza will transform the city’s downtown into a destination, a place “where people want to be.”   Cook says the project, more than a decade in the making, is an example of a place making strategy necessary for Midwest...
    • Forbes Ranks Top Colleges; 3 Indiana Schools Make the Cut

      Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.

    • (photo courtesy The Times of Northwest Indiana)

      Hammond Pulls 135 Jobs from Illinois

      A Hammond factory recently vacated by Michigan-based Lear Corp. didn’t sit empty for very long. Midland Metal Products has taken over the former seat factory, having relocated from Chicago after 95 years. 

    • (courtesy Wes Mills)

      Purdue: Farmland Values Decline Fifth Straight Year

      The value of top-quality farmland in Indiana has declined continuing a five-year trend, according to the latest data from Purdue University.  The statewide average of the best cropland is $8,212 per acre, down more than five percent, or $456 per acre, from the same period last year. Purdue’s survey shows average and poor-quality farmland values also dropped, but not as much. Average quality farmland declined by 0.9 percent. Purdue says the poor...

    • (photo courtesy of TriCore Logic)

      Fort Wayne IT Firm Expanding

      TriCore Logic has announced plans to expand its office space and staff at its downtown Fort Wayne headquarters. The company plans to invest over $200,000 in the expansions. The 2010-founded company moved to the Anthony Wayne building in 2013, and now plan to grow their staff of five employees by up to eight over the next four years.