TOC Logistics International Expands Indianapolis, Indiana, Headquarters
The company, which develops custom solutions that result in efficient global supply chains for a variety of industries, is investing more than $1.8 million to expand its headquarters to meet demand from its growing client base. TOC Logistics currently occupies approximately 6,100 square feet at 2601 Fortune Circle Dr. in Indianapolis and plans to move to 5420 W. Southern Ave., doubling its footprint in a new 12,000-square-foot office this fall. The new space will include high-tech conference technology, new furniture, updated work stations and a variety of amenities.
“We are proud to be headquartered in Indianapolis and we look forward to expanding our footprint and adding many new, eager team members,” said Gary Cardenas, President of TOC Logistics. “We have always been a client-focused company, and because of that we want to ensure that our team can properly support all client needs and continue to exceed expectations.”
The IEDC offered TOC Logistics International up to $940,000 in conditional tax credits 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. The city of Indianapolis supports the project at the request of DevelopIndy.
TOC Logistics employs nearly 80 associates across the United States, including 57 at its Indianapolis base. The company plans to hire at its headquarters to support its rapid operational growth across the country. TOC Logistics is currently hiring for international operations specialists, logistics engineers, global account managers, pricing analysts, as well as team members for the customs brokerage and project management departments.
“As the Crossroads of America, our state is a hub for logistics and transportation, supporting an industry with 20 percent more jobs than the national average," said Elaine Bedel, President of the Indiana Economic Development Corporation. "Indiana is well positioned to support companies like TOC Logistics that serve clients across the country, and our pro-growth business climate ensures that they can expand and create new Hoosier jobs with confidence.”
“Indianapolis is the ideal location to build a product, test the market, and ship it to the world,” said Indianapolis Mayor Joe Hogsett. “Advances in technology and innovation from companies like TOC Logistics play a major role in our status as a global player for this important industry sector. I look forward to TOC’s continued success with a larger presence in the Crossroads of America.”
How are Uncertain Times Altering Company Location Strategies?
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
Infrastructure Investment as an Economic Stimulus Tool
34th Annual Corporate Survey & the 16th Annual Consultants Survey