Spot Freight Inc. (Spot), a tech-enabled third party logistics company, will invest more than $2 million to expand its headquarters in Indiana, tripling its office space and employment, and create up to 257 new jobs by 2023. The expansion includes the company’s new headquarters in downtown Indianapolis. The new office space, which Spot opened in November, includes more than 170 work stations, allowing the company to accommodate its growing team and meet the demands of its expanding customer base.
“Indiana has been an ideal location for Spot from our initial founding through our recent expansion. Indiana’s location as a transportation hub provides proximity to many current customers and carriers, while having the added benefit of a strong local university network to continue recruiting the top talent that fuels Spot’s aggressive growth,” said Andrew Elsener, president of Spot. “We are extremely appreciative of the assistance and cooperation we received from our partners at the Indiana Economic Development Corporation, city of Indianapolis/Marion County and KSM Location Advisors during our expansion process.”
With the expansion of its Indianapolis headquarters, as well as the continued growth of Spot’s first satellite office in Charlotte, NC, the company has positioned itself as a top logistics company in North America. For four consecutive years, Spot has been recognized as one of the fastest growing private companies in Indiana by the Indianapolis Business Journal and listed on Inc. Magazine’s 5000 fastest growing companies in North America. In addition, it was recognized as a winner of the 2016 Companies to Watch award, which highlights high-performing, second-stage businesses in Indiana that are developing innovative products and business practices while creating quality jobs.
“As the Crossroads of America, Indiana is home to more than 5,700 logistic companies that take advantage of our central location, infrastructure network, favorable business climate and talented workforce,” said Governor Eric J. Holcomb. “When companies like Spot stay and expand here in our communities, it means more good jobs for Hoosiers. We will continue doing our part by sustaining the state’s pro-growth business environment and updating our network of roads and bridges.”
The Indiana Economic Development Corporation (IEDC) offered Spot up to $1.8 million in conditional tax credits and up to $75,000 in training grants based on its job creation plans. These tax incentives are performance-based, so until employees are hired, the company is not eligible to claim them. The city of Indianapolis is supporting the project in partnership with Develop Indy, a business unit of the Indy Chamber.
Relocating Or Expanding Your Business In Indiana
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