Renewable Transport Services Expands Indianapolis, Indiana, Operations
The Indianapolis-based company will invest more than $20 million to upgrade and equip the company's current 100,000-square-foot facility at 2916 Bluff Road with property improvements, office renovations and additional trucks and trailers. This expansion will enable the RTS to launch a dedicated regional division, which will create better driving opportunities for the company's drivers and decrease required time on the road. The company also plans to add a second location in northern Indiana within the next few years.
"We have developed a strong reputation in the local area for outstanding service, and our customers have a strong desire to grow with us in the Midwest area," said Noah Sodrel, Renewable Transport Services founder and CEO. "Indiana has always been home for us, and we look forward to bringing more trucking opportunities into the state of Indiana."
The Indiana Economic Development Corporation (IEDC) offered Renewable Transport Services Inc. up to $1.3 million in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Indianapolis supports the project in partnership with Develop Indy.
"Indiana's central location, infrastructure investments and hardworking Hoosier workforce make our state the perfect stop for companies like Renewable Transport Services," said Jim Staton, Senior Vice President and chief business development officer for IEDC. "It’s an exciting day as we celebrate the company's decision to fuel its growth in Indiana, and we're grateful for their commitment to increasing their footprint and creating more quality career opportunities for Hoosiers."
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