INDIANAPOLIS - An Indianapolis trucking company said Tuesday that it would create about 500 jobs over the next 10 years at a new driver-training school it plans to build with the help of up to $2.95 million in state tax credits.
Indianapolis Mayor Greg Ballard and Indiana Gov. Mike Pence announced the tax credits and company's plans Tuesday at a news conference.
Along with the tax credits, the Indiana Economic Development Corp. has offered Celadon Group up to $200,000 in training grants.
The company plans to build a 61,000-square-foot, $5.7 million facility in Indianapolis with dorm rooms, a cafeteria, a workout room, basketball and racquetball court and a driver-training road course. Plans call for the school to be finished by fall and offer three to five weeks of training in the classroom and on the road.
Celadon said it would add the 500 jobs there by 2022, with 182 workers joining the company by 2016. There will be spots for drivers, trainers and administrative personnel.
"Establishing the Quality Drivers school and the Celadon training program are the next logical steps in ensuring that we have sufficient numbers of qualified drivers to fill our seats and meet our growth expectations," Paul Will, president and chief executive officer of Celadon, said in a statement. "Logistically, locating the driver training school in Indiana is a sound business decision that provides access to the state's vast resources."
The tax credits are performance-based, meaning the company can't claim incentives until they hire people. The city of Indianapolis is considering an additional property tax abatement.
"Celadon's commitment to Hoosiers reflects a growing confidence in the business climate in our state," Pence said in a statement. "At the heart of the nation, our convenient location and expansive transportation infrastructure strengthen Indiana's reputation as the 'Crossroads of America.'"
Celadon plans to train up to 500 drivers this year.