Calumet Specialty Products Plans Multi-million Dollar Expansion In Indianapolis, Indiana
The company, which produces oils, solvents, waxes and gels for the production of food, lubricants and personal care products, will "make a multi-million dollar investment" to purchase a new enterprise resource planning system and computer equipment at its headquarters located at 2780 Waterfront Parkway in Indianapolis, according to Indiana Economic Development officials.
"We are very pleased with the cooperative efforts of the state and city to assist in the expansion of our headquarters in central Indiana," said Jennifer Straumins, president of Calumet. "We have operations in other states, but Indianapolis represents the best place to attract and retain a talented workforce for our headquarters. As a result of additional acquisitions, we look forward to continued growth."
"Our reputation as a model for effective government is only strengthened with the news of Calumet's headquarters expansion," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "From our low-cost of doing business to our unparalleled location, Indiana is providing the framework to help high-growth companies profit and succeed."
As part of an incentive package, Indiana Economic Development Corporation offered Calumet Specialty Products Partners, L.P. up to $400,000 in conditional tax credits and up to $137,500 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, city of Indianapolis will consider additional property tax abatement at the request of Develop Indy.
Calumet, which currently has 75 full-time employees, has already begun hiring new management, accounting, sales, human resources and information technology associates.
"The expansion of Calumet's headquarters here proves once again that Indianapolis is outperforming our competition when it comes to the attraction and retention of quality jobs," said Indianapolis Mayor Greg Ballard. "We are happy to join in congratulating this fine company for its continued success and we will remain steadfast in our efforts to help keep and grow our existing businesses right here in central Indiana."
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