Milhaus Opens Headquarters In Indianapolis, Indiana
The company, which owns Milhaus Development, Milhaus Construction, Milhaus Management and Ineo, will invest $1.645 million over the next five years to lease and equip its new headquarters at 460 Virginia Ave. in Fletcher Place in order to accommodate its growing demand and workforce. Milhaus moved into the facility in May after re-developing the former 12,000-square-foot Shirley Engraving property.
According to the company, this building is much more than just an office. It reconfirms its commitment to investing in and focusing on transitional neighborhoods where the company can make a significant impact. Milhaus was an early investor in the Fletcher Place neighborhood with its Mozzo project and now its corporate office.
“We know our 20,000 unit, 10 market, $4 billion value goal is lofty,” said Tadd Miller, CEO of Milhaus. “But at our current pace, it’s not impossible to think we may exceed these goals. And with some of the recent additions to the team, as well as this support from the state of Indiana, we continue to build the capacity to make this a reality.”
Milhaus, which currently has 116 full-time employees in Indiana and 28 throughout the Midwest, plans to begin hiring for management, information technology, finance, sales and marketing, transaction processing and administrative support positions.
“With unemployment at a 15-year low and 12,000 jobs added within the past year alone, it is clear Indiana is an unmatched destination for businesses to grow and expand,” said Governor Mike Pence. “In addition to supporting Hoosier businesses by cutting costs and reducing regulations, Indiana continues to make significant investments in our growing workforce and in our communities. We are proud that Milhaus chose Indiana to expand its operations here by 250 new jobs, and we look forward to its success in the Hoosier state.”
The Indiana Economic Development Corporation offered Milhaus up to $2.2 million in conditional tax credits and up to $100,000 in training grants 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. In addition, the city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
Milhaus's commitment to redeveloping abandoned properties and transforming neighborhoods embodies the vision of the Indiana Regional Cities Initiative, which creates a framework for communities to develop action plans for quality of place initiatives. Seven Indiana regions have submitted applications which together total more than $3.78 billion in investments for more than 420 cultural and livability projects across the state.
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