Area Development
AscenaRetail Group, Inc., a retailer of teen and women's clothes, will invest $37 million to expand its Greencastle, Indiana, distribution facility, creating more than 240 jobs.

The firm will retrofit its 123-acre Greencastle complex into its primary distribution center, increasing its 794,000 square-foot facility by an additional 40,000 square feet, and adding equipment.

Ascena's decision to expand is a vote of confidence in the Indiana economy and the skilled workforce of Greencastle," said Governor Mitch Daniels.

David Jaffe, Ascena president and chief executive officer, said the company is consolidating its distribution center in Greencastle to minimize costs and because of its more strategic location.

The Indiana Economic Development Corporation provided Ascena with $2.17 million in tax incentives and $75,000 in training grants based on the company's job creation. In addition, the city of Greencastle approved a property tax abatement and other incentives.