Vroom Invests $13.5 Million To Establish Reconditioning-Fulfillment Center In Whitestown, Indiana
09/30/2015
The New York-City based company will invest $13.5 million to construct and equip a 501,120-square-foot facility in Whitestown, housing to up to 2,500 cars at a time that will be refurbished on site. With construction beginning immediately, the company anticipates the facility will be operational in December and provide 24-hour delivery of cars to 50 million people within a 300-mile radius. Vroom, which currently employs 140 people in New York and at its Dallas fulfillment facility, plans to begin hiring for automotive repair and logistics positions within the next month.
“We’re looking forward to expanding our reconditioning and fulfillment operations, and we think the Indianapolis area is the perfect place for us to have a presence, right at the crossroads of America,” said Allon Bloch, CEO of Vroom. “This new location will improve our customers’ car buying experience even further, as we work toward the goal of reducing our national delivery timeline to just 24 hours.”
Vroom enables customers to purchase, finance and sell refurbished, pre-owned vehicles online. With its new Indiana facility, it plans to meet growing demand for the company’s reconditioned vehicles, in addition to expanding its one-day delivery area.
“Indiana stands out across the country as an automotive leader,” said Governor Mike Pence. “Whether it’s our state’s auto assembly facilities, their hundreds of Hoosier suppliers or innovative companies like Vroom, cars and trucks across the United States keep finding their way through Indiana. That’s just another reason why Indiana really is the crossroads of America.”
The Indiana Economic Development Corporation offered Vroom Indianapolis, LLC up to $3,310,000 in conditional tax credits and up to $100,000 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 the town of Whitestown will consider additional incentives at the request of the Boone County Economic Development Corporation.
“The town of Whitestown welcomes such a unique business concept with open arms,” said Eric Miller, President of the Whitestown Town Council. “Whitestown strives to attract a different kind of company and Vroom brings a new, timely business model that we’re excited to be a part of. Vroom will be a great addition to Whitestown’s growing e-commerce cluster that we are developing, which already includes Amazon.”
Project Announcements
Loc Performance Products Upgrades St. Marys, Ohio, Facility
06/30/2022
Lockheed Martin Plans Huntsville, Alabama, Missile System Integration Lab
06/30/2022
EAB Consolidates-Expands Henrico County, Virginia, Operations
06/30/2022
Germany-Based Papier-Mettler Plans Moorefield, West Virginia, Operations
06/29/2022
Fair Oaks Foods Plans Davenport, Iowa, Production Facility
06/29/2022
Hyundai Motor America Plans Superior Township, Michigan, Safety Test and Investigation Laboratory
06/28/2022
Most Read
-
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
Q2 2022
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
The Evolution of the Megasite
Q2 2022
-
Five Ways for Manufacturers to Manage Global Market Volatility
Q2 2022
-
In Focus: Demand for Industrial Land Surges
Q2 2022
-
Putting Your Best Foot Forward: Presentation of Incentives Information to the Media
Q2 2022