Three companies have announced plans to grow their central Indiana operations. The Indiana Economic Development Corp. says Langham Logistics, SAW Capital LLC and Triclinic Labs Inc. will add a total of nearly 60 jobs over the next few years.
March 5, 2015
Indianapolis, Ind. — Three companies today announced new investment across central Indiana expected to create a combined 59 new jobs over the next few years.
“Companies launched in Indiana have a knack for growing in Indiana—and growing quickly,” said Eric Doden, president of the Indiana Economic Development Corporation. “That's because whether your business is in logistics or laboratory research, Hoosiers have the drive to build something strong. Companies like Langham Logistics, SAW Capital and Triclinic Labs are proving today just what's possible here in Indiana.”
Langham Logistics will invest $933,000 to renovate its 306,000 square-foot warehouse and corporate headquarters facility on Indianapolis' northwest side. Installing racking storage to accommodate the facility's narrow isle configuration, the renovations will help the company leverage its current facility to meet growing demand for Langham Logistics' global distribution services, which experienced a 27 percent rate of growth in 2014. Serving Fortune 500 companies in the industrial, life science and retail industries, the certified woman-owned business enterprise operates additional distribution locations in Evansville, Los Angeles and at the Indianapolis International Airport. Langham Logistics, which currently employs more than 80 Hoosiers, plans to create up to 20 new jobs by 2018 and has already begun hiring for international shipping, warehouse and administrative positions. Interested applicants may apply here.
SAW Capital LLC, a business solutions company, will renovate and equip its 260,000 square-foot warehouse in the Stout Field Industrial Park in Indianapolis, which is home to SAW Capital's headquarters and its portfolio companies, including Grocers Supply Company, GS Transportation and Dugdale LLC. Installing new processing equipment, which is expected to be in production by June, the expansion will allow the company to meet demand from independent grocery stores, food service and online customers. SAW Capital portfolio companies have grown revenue by 65 percent in the last year and project 25 percent revenue growth in 2015. Recent acquisitions include Dugdale Beef, a wholesaler of beef, pork, poultry and seafood, CasperSMS, a text and email solutions provider for retail and medical clients, Heartland Markets and R&M Wholesale retail grocery stores. SAW Capital plans to create up to 29 new jobs by 2019 and has already begun hiring for information technology, customer service and skilled processing positions.
Pharmaceutical and fine chemical development company Triclinic Labs, Inc. is investing $6.13 million into a new 12,000 square-foot, custom-designed research and development facility in Lafayette. The new facility, which opened in February, is more than double the size of the company's previous laboratory and office space in Tippecanoe County. Experiencing exceptional demand for its pharmaceutical analysis and development services, Triclinic Labs has already begun hiring for business development, analytical chemistry and organic chemistry positions. Currently employing a team of more than 18 Hoosiers, Triclinic Labs plans to create up to 10 new jobs by 2016 and is seeking applicants with a range of educational backgrounds and experiences.
The Indiana Economic Development Corporation offered Langham Logistics, Inc. up to $89,000 in conditional tax credits and up to $40,000 in training grants based on the company's job creation plans. SAW Capital LLC was offered up to $160,000 in conditional tax credits and up to $80,000 in training grants based on the company's job creation plans. Triclinic Labs, Inc. was offered up to $100,000 in conditional tax credits and up to $45,000 in training grants based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the companies are not eligible to claim incentives.
The city of Indianapolis supports Langham Logistics' and SAW Capital's projects at the request of Develop Indy, a business unit of the Indy Chamber. Tippecanoe County approved additional incentives for Triclinic Labs at the request of Greater Lafayette Commerce.
About Langham Logistics
Langham Logistics opened its doors in 1988 to fill a void in the logistics marketplace. As an expert third-party logistics company, Langham has combined a refreshing business philosophy of customer service with a tireless work ethic. Fueled by the passion of its three sibling founders, Cathy, Margaret, and John Langham, as well as a nimble, responsive team, the company's mindshare has brought the creative thinking, innovation and flexibility often absent in larger logistics corporations.
Langham prides itself on demystifying the shipping process. The company offers a single-point solution for all modes of transportation and all types of fulfillment and distribution, ultimately helping companies reduce logistics costs and improve transit times.
About SAW Capital
SAW Capital is a business solutions company, providing management and investment services. Its portfolio companies include Casper SMS, a text and email messaging service; Dugdale LLC, wholesalers of meats, poultry & seafood; Grocers Supply, wholesalers of grocery products; Heartland Markets and R&M Wholesale, retail grocery stores; GS Transportation LLC, dedicated transportation and logistics; Papel LLC, manufacturers of paper products; SP Technologies LLC, manufacturers of the PowerQube family of electrical products; Telemed 20/20, a telehealth solutions provider; VoCare LLC, a telemed and personal safety response solution and WordSentry, a voice and written communication analytics provider.
About Triclinic Labs
Triclinic Labs, Inc. provides state-of-the-art contract pharmaceutical and fine chemical development services, with extensive materials analysis and cGMP method development and release capabilities.The company couples those services with patent prosecution and litigation support Triclinic Labs' goal is to provide interpretation and guidance on how to make therapeutic programs more successful and ensure franchise success into the future.
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: Indiana Economic Development Corp.