The homegrown Hoosier company will invest more than $3.7 million to renovate its current operations in Plainfield, creating additional pharmaceutical-grade storage capacity for global and domestic clients in the life sciences and medical device industries. The company is upgrading its 173,000-square-foot facility, which opened in 2015, to expand its frozen and refrigerated pharmaceutical storage capabilities. The renovation, which is expected to be complete next month, will allow MD Logistics to support increasing market demands, including a new contract with a large global pharmaceutical company. The company currently operates a total of four facilities in Plainfield and Reno, Nevada, covering a footprint of nearly 1 million square feet.
"Last year we celebrated our 20th anniversary, and a large part of our success has been a direct result of the attractive business climate the state of Indiana offers," said Mark Sell, president and co-founder of MD Logistics. "Companies want to conduct business in Indiana because of the talented and hardworking labor force available to us. As we expand our operations in response to market demands, we are very excited to continue to grow in central Indiana. We are grateful to Hendricks County and the state of Indiana for their support." MD Logistics is hiring for various positions, please email inquiries to HR@mdlogistics.com.
As the Crossroads of America, Indiana's logistics industry is expected to more than double by 2035, according to Conexus Indiana. In order to support Indiana's quickly-growing logistics industry and companies like MD Logistics, Governor Holcomb has proposed creating a 20-year plan to fund Indiana's roads and bridges, which would fully maintain the state's existing infrastructure, complete major projects and invest in new projects to enhance Indiana's connectivity to the world.
"The town of Plainfield is pleased to help MD Logistics grow and prosper in Plainfield," said Robin Brandgard, president of the Plainfield Town Council. "The fact that this is a homegrown business and has thrived in this community adds to Plainfield's reputation for being one of the premiere sites for industrial and distribution centers. We currently have more than 40 million square feet of space under roof or in the planning phases."
The Indiana Economic Development Corporation (IEDC) offered MD Logistics Inc. and its sister company, MD Express Inc., up to $255,000 in conditional tax credits based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The town of Plainfield approved additional incentives at the request of the Hendricks County Economic Development Partnership.
About MD Logistics
MD Logistics is a third party logistics (3PL) company specializing in customized supply chain solutions. Each opportunity represents unique, client-specific challenges that are evaluated utilizing proven strategic methodologies to deliver turnkey solutions. Our vertical markets include Life Sciences and Pharmaceuticals, Retail and Consumer Goods, as well as Transportation Services.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana's economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.
Emilie Gerbers (MD Logistics) – firstname.lastname@example.org
Abby Gras (IEDC) – 317.232.8845 or email@example.com
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SOURCE MD Logistics