E-retailer picks Indy for new distribution center

Published: .
Updated: .

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.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)