POLARIS Laboratories, a fluid analysis company, will invest $4.72 million to expand its Indianapolis, Indiana, headquarters. The firm plans to expand into a 61,000 square-foot facility located at 7451 Winton Dr. in Indianapolis. The expansion, which is expected to be completed this fall, will house new processing laboratories to help the company process additional samples and improve lab workflow.
The firm, which currently employs more than 130 full-time Hoosiers at its Indianapolis facility, has already begun the process of hiring additional laboratory technicians, data analysis technicians, administrative staff and customer support staff.
“Indiana has provided a wonderful platform for the company’s growth, and the success of the company is directly attributable to the hard work and dedication of our employees,” said Bryan Debshaw, chief executive officer of POLARIS Laboratories. “Without their efforts, we would not be able to provide the excellent service our customers rely on to optimize their equipment.”
“High-growth companies like POLARIS Laboratories continue to find the resources they need for success in Indiana,” said Eric Doden, president of the Indiana Economic Development Corporation. “Hoosier universities produce highly-educated students, ready to help companies reach and exceed their goals. Combined with our low-tax, businesses-friendly policies, Indiana is a state that works for business.”
The Indiana Economic Development Corporation offered POLARIS Laboratories up to $100,000 in performance-based tax credits and up to $70,000 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 supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
“POLARIS Laboratories decision to expand its company headquarters and add jobs in Indianapolis is just the latest example of our city’s growing economic strength,” said Indianapolis Mayor Greg Ballard. “The city is on pace to have one of its best years in attracting new and retaining existing jobs due to companies like POLARIS Laboratories and many others investing in Indianapolis.”