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Facility allows expansion of services to multinational companies
According to local press reports, A&R Logistics Inc., a Louisville-based provider of dry bulk transportation and logistics, has announced its plans to invest US$3.9 million to lease and equip a 16,258 m2 warehouse at River Ridge.
Founded in 1969, A&R Logistics provides bulk logistics solutions for customers in the chemical and plastics industries. The new facility, which is nearly 9,290 m2 larger than the Company’s existing Jeffersonville operations at 4800 Keystone Blvd., will allow the Company to expand its services to multinational companies.
A&R Logistics is committing to a 10-year lease in its new facility owned by Capstone Realty Inc., becoming a tenant in the Company’s fifth River Ridge building.
The Indiana Economic Development Corp. is offering A&R Logistics up to US$300,000 in conditional tax credits through Economic Development for a Growing Economy, meaning the Company won’t be eligible for these incentives until it hires new employees.