Vera Bradley plans 560 jobs at new Indiana factory
Date: Tuesday August 19, 2008Posted in: Vera Bradley News
FORT WAYNE, Ind. -
The Fort Wayne area appears to be breaking about even in jobs related to Vera Bradley Designs Inc. as the company switches from having contractors make its handbags, luggage and accessories to doing it in-house.
Vera Bradley announced Friday it plans to convert an industrial site in New Haven, just east of Fort Wayne, into a new production facility that will employ about 560 people, including about 70 who already work at other Vera Bradley facilities.
Three Fort Wayne companies that provide products to Vera Bradley announced in March that Vera Bradley’s decision to do the work in-house would force them to close, putting 537 people out of work. Vera Bradley said it decided to do the work within the company to increase efficiency and provide more control over the products.
“This is an important step in our plan to integrate previously outsourced manufacturing into our operation,” says Mike Ray, Vera Bradley’s chief executive officer. “We are happy to have found the facility right here in Allen County.”
The company is completing plans to lease the 125,356-square-foot facility. Startup work is expected to begin next month.
The city of New Haven has pledged a $100,000 grant over three years to assist with the building reconfiguration. The New Haven City Council also will consider phasing in property taxes associated with the project.
Vera Bradley could save about $299,000 while still paying nearly $417,000 in local property tax over seven years based on calculations provided by Allen County officials.
Vera Bradley and Hanning & Bean Enterprises, which owns the building, will spend about $2 million to improve the building and $2.2 million on equipment, machinery and computer hardware and software, according to the Fort Wayne-Allen County Economic Development Alliance.
Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
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менеджер по закупке Vera Bradley announced Friday it plans to convert an industrial site in New Haven, just east of […….
Comment by Kylie Batt on April 20th, 2010 @ 1:12 pm