INDIANAPOLIS—Miller Pipeline LLC, a subsidiary of Vectren Corp., has announced it will construct and outfit a new building on its 34-acre headquarters campus here.
The company said it will invest $5.3 million to construct and equip a facility to support its operations nationwide. The 52,000-sq.-ft.facility, which will be fully operational by 2014, will house maintenance and fabrication shops, material handling and shipping areas, a training center and administrative support offices. The company currently has 125 full-time employees at its Indianapolis headquarters, 600 employees in Indiana and more than 3,000 employees nationally, with plans to begin hiring new associates in Indianapolis later this year.
"We decided to expand our Indianapolis headquarters to reflect the developments we are seeing within the shale gas and infrastructure pipeline replacement markets," said CEO Doug Banning in a statement. "Indiana has been a great place to do business, and we look forward to our continued growth, job creation and being a good community partner."
The Indiana Economic Development Corp. offered Miller up to $200,000 in conditional tax credits and up to $200,000 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. The city of Indianapolis approved an additional tax abatement at the request of Develop Indy, a business unit of the Indy Chamber.