TPS Industrial Services Investing $3.5M In Indiana

The logistics firm is expanding its headquarters and adding up to 61 jobs in Columbus, IN with help from state tax credits and training grants.


https://businessfacilities.com/2017/01/tps-industrial-services-investing-3-5m-in-indiana/
The logistics firm is expanding its headquarters and adding up to 61 jobs in Columbus, IN with help from state tax credits and training grants.
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TPS Industrial Services Investing $3.5M In Indiana

The logistics firm is expanding its headquarters and adding up to 61 jobs in Columbus, IN with help from state tax credits and training grants.

TPS Industrial Services Investing $3.5M In Indiana

TPS Industrial Services, an integrated logistics solution provider, will expand its headquarters in Columbus, IN, creating up to 61 new jobs by 2020.

Columbus Indiana
Trailers at docking stations of a distribution center waiting to be loaded. (Photo: TPS Industrial Services)

“We are proud to be an Indiana-based company here in the crossroads of America and the headquarters of the best diesel engine manufacturer in the world,” said Telma Santana, founder and president of TPS. “Our team of professionals is dedicated to serving customers large and small, ensuring quality and implementing processes and procedures to improve deficiencies in the supply chain while adding value to our customers. TPS looks forward to generating more jobs, growth and opportunities for workers here in Columbus, Indiana.”

The certified women- and minority-owned business has grown significantly in the last two years and currently has 15 full-time employees. TPS has already hired six full-time employees toward its goal of 61, plans to immediately hire four more full-time positions, and will begin hiring for CDL drivers, dispatchers and sales executives in the next six months. The new positions are expected to pay salaries 25 percent higher than the state’s average wage.

To accommodate its growing team, TPS will invest nearly $3.5 million over the next two years, with plans to construct a new headquarters in Bartholomew County. The company’s new terminal will expand TPS’ headquarters footprint by 50,000 square feet and also allow the company to house its distribution and fulfillment center on site. With its growth, the company will also purchase additional trucks and trailers in order to meet rising demand from customers to ship dry goods, plastic parts, automotive supplies and canned goods across the U.S.

TPS provides transportation management and logistics services to more than 12 customers, including Celadon, Con-way, DSV, Faurecia, Penske, Echo Global Logistics and Sunright America, to enable increased functionality, cost savings and network enhancements that improve supply chain efficiencies. TPS provides distribution and fulfillment services as well as transportation management services such as dedicated fleet, truck load, just-in-time, shuttle services, milk runs and reverse logistics.

The Indiana Economic Development Corporation offered TPS Industrial Services up to $500,000 in conditional tax credits and up to $40,000 in training grants based on the company’s job creation plans. The tax credits are performance-based, so until employees are hired, the company is not eligible to claim incentives.

“As the Crossroads of America, Indiana’s highway network allows companies like TPS Industrial Services to ship their goods to 80 percent of the U.S. and Canada within 24 hours,” said Governor Eric Holcomb. “Indiana ranks best in the Midwest and fifth in the nation for doing business, and we will maintain our position by continuing to provide the network of roads, bridges and other infrastructure businesses need and expect.”

Indiana is home to 14 pass-through interstates, connecting 82 million people within a 500-miles radius of the state’s borders. Indiana’s infrastructure has helped 5,700 transportation and logistics companies like TPS Industrial Services operate in Indiana, with the industry’s growth in Indiana outpacing the nation’s rate of growth.

Relocating or Expanding Your Business In Indiana

Considering Indiana for your company’s relocation or expansion project? Check out Business Facilities’ Indiana Incentives and Workforce Development Guide.

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