Hahn Systems, LLC, a construction and industrial tools supplier, will invest $900,000 to expand its Indianapolis, Indiana headquarters, creating up to 20 new jobs by 2016.
The homegrown-Hoosier company will purchase and equip a 27,000 square-foot facility located at 6312 Southeastern Ave. in Indianapolis. Hahn Systems will house its Southeastern Supply Co. division in the new facility, which is expected to be operational by June. The company, which employs 50 Hoosiers in Indiana, has already begun hiring additional sales, customer service and delivery associates.
"Hahn Systems is excited to be making this investment in Indianapolis as part of the aggressive growth plans we have for our SESCO division," said Scott Brown, president of Hahn Systems. "SESCO will be increasing its office and warehouse capacity by more than 70 percent and will look to hire additional personnel to keep pace with forecasted revenue increases. We feel this is an ideal time to be investing in Indiana for the long term and are thankful for the state and local assistance required to make this investment a reality."
"Hahn Systems supplies companies with the necessary tools to get the job done right. Likewise, our low-cost environment, expansive infrastructure and dynamic workforce are just a few of the many tools that make Indiana a state that works for business," said Eric Doden, president of the Indiana Economic Development Corporation.
Hahn Systems supplies construction and industrial tools, including nails, staples, abrasives and fasteners. The company added lines of lumber, dry wall and other masonry supplies to its service offerings through the purchase of SESCO in June 2012. With three facilities in Indiana as well as facilities in Kentucky and Michigan, Hahn Systems supplies to wood-based manufacturers, residential contractors and commercial contractors across the Midwest.
As an incentive, the Indiana Economic Development Corporation offered Hahn Systems, LLC up to $140,000 in conditional tax credits and up to $20,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, the city of Indianapolis approved additional tax abatement at the request of Develop Indy.
"Hahn Systems' success story begins right here in Indiana, from where they have been providing quality service for generations to contractors and manufacturers in their industry throughout the Midwest," said Indianapolis Mayor Greg Ballard. "Their expansion in Indianapolis further strengthens our city as a great place in which to do business, and I congratulate Hahn Systems on their continued growth."