E-retailer picks Indy for new distribution center

By: The Associated Press
By: The Associated Press

INDIANAPOLIS State officials say e-retailer Newegg Inc. plans to locate a new warehouse in Indianapolis, creating up to 150 jobs by 2015.

The Indiana Economic Development Corp. said Wednesday that the California-based company will invest $20 million to lease, renovate and equip a nearly 500,000 square-foot order warehouse in Indianapolis to serve customers in the Midwest and Great Lakes regions.

The agency offered Newegg up to $1 million in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans.

It says Newegg plans to begin hiring late next year, when the expansion is expected to be completed.

Newegg currently employs about 2,600 employees worldwide.

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