Baker Plans Production Boost, $16.5M Investment
(Image courtesy of CraftMark Bakery LLC)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA frozen baked goods company is planning to expand production in Indianapolis and add 32 jobs. CraftMark Bakery LLC, formerly known as Specialty Bakery LLC, is seeking tax abatement on a proposed $16.5 million investment that could also retain 237 jobs.
The company first launched its Indianapolis facility in 2014. It invested around $75 million into a 225,000 square-foot headquarters and manufacturing operation, meeting its previous hiring goals early. The new investment involves upgraded manufacturing, information technology and research and development equipment connected to a new frozen bread dough line. In a filing with the city, CraftMark says the new jobs will pay an average of more than $16 per hour. The jobs that would be retained pay nearly $24 per hour on average.
The company is seeking an eight-year tax abatement, which would save it nearly $1 million. CraftMark is slated to meet Wednesday with the Metropolitan Development Commission of Marion County for a preliminary approval hearing.