Spot Freight Inc. Expands Indianapolis, Indiana, Operations Hub
The homegrown-Hoosier company is investing more than $2 million to grow its Indiana footprint over the next six years. This includes Spot’s new 18,000-square-foot headquarters, which tripled its office space, at 141 S. Meridian Street in downtown Indianapolis in the former Jillian’s Entertainment facility.
The new office space, which Spot opened in November, includes more than 170 work stations, allowing the company to accommodate its growing team and meet the demands of its expanding customer base.
“Indiana has been an ideal location for Spot from our initial founding through our recent expansion. Indiana’s location as a transportation hub provides proximity to many current customers and carriers, while having the added benefit of a strong local university network to continue recruiting the top talent that fuels Spot’s aggressive growth,” said Andrew Elsener, President of Spot.
“We are extremely appreciative of the assistance and cooperation we received from our partners at the IEDC, city of Indianapolis/Marion County and KSM Location Advisors during our expansion process,” he added.
As an incentive, Indiana Economic Development Corporation (IEDC) offered Spot up to $1,800,000 in conditional tax credits and up to $75,000 in training grants based on the company’s job creation plans. These tax incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project in partnership with Develop Indy, a business unit of the Indy Chamber.
"As the Crossroads of America, Indiana is home to more than 5,700 logistic companies that take advantage of our central location, infrastructure network, favorable business climate and talented workforce," Governor Eric J. Holcomb said. "When companies like Spot stay and expand here in our communities, it means more good jobs for Hoosiers. We will continue doing our part by sustaining the state’s pro-growth business environment and updating our network of roads and bridges.”
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