Family-Owned Logistics Company Plans Major Indiana Expansion
Per the Indiana Economic Development Corporation (IEDC) – On July 21, 2020, Governor Eric Holcomb and Indianapolis Mayor Joe Hogsett joined executives from Palmer Trucks, a third generation, family-owned truck sales, parts and service provider, as the company announced plans to expand its operations in central Indiana. To support its growth, the company plans to create up to 220 new jobs by the end of 2022.
The company, which is one of the largest privately held businesses in Indiana, will invest more than $17 million to expand and enhance its operations in Indianapolis, establishing a new facility, Kenworth of Indianapolis – East, and upgrading its long-standing dealership Kenworth of Indianapolis – West. On the East side, Palmer Trucks will purchase and equip the 140,000-square-foot former Celadon Group facility at 9704 E. 30th St., transforming the facility to house a diesel technician training center, parts warehouse, body shop, corporate offices and full-service Kenworth dealership. The company expects the building to be fully operational this fall.
Palmer Trucks employs more than 650 associates, including 350 in Indiana, across its 18 locations. The company is hiring immediately for diesel technicians, parts logistics, sales and support roles. Interested applicants may apply online.
The IEDC offered Palmer Trucks up to $2.9 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. Somerset CPAs and Advisors and their associates introduced, guided and managed the process of IEDC tax credits and property tax abatements for Palmer Trucks. Somerset can assist your growing business pursue state and local tax incentives for your next expansion project. Contact us at 317-472-2200 or if you have any questions.
Congratulations to Palmer Trucks and the Palmer Family! Thank you for investing in Indiana.