McCORDSVILLE — Walmart finalized plans Thursday to construct a new fulfillment center in Hancock County that will employ up to 1,000 people by the end of 2025.
The 2.2-million square foot warehouse will be Walmart's largest e-commerce fulfillment center in the country, according to a news release from the Indiana Economic Development Corporation.
Walmart plans to spend $600 million to construct and equip the facility that will be located north of Mount Comfort and south of McCordsville at 5300 West 500 North in an unincorporated part of the county.
“We look forward to utilizing this fulfillment center to help meet increasing online shopping demands and ultimately serve our customers," Steve Miller, Walmart senior vice president, fulfillment operations, said in a news release.
Construction is expected to begin this month, and the company expects to begin fulfillment and distribution in the fall of 2022 and reach full operational capacity by the spring of 2024.
Walmart plans to expand its e-commerce operations for both its online inventory and its new third-party fulfillment Walmart Fulfillment Services for vendors who hire the company to store, pack and ship items for customers.
Walmart will begin hiring in the spring of 2022 for receiving, picking, packing, shipping and management positions.
The news release said the IEDC offered Walmart Fulfillment Services LLC up to $1.25 million in conditional tax credits based on the company's job creation plans and up to $4.75 million in conditional tax credits from the Hoosier Business Investment tax credit program based on the company's planned capital investment in Indiana.
The tax credits are performance-based, and the company will be eligible to claim incentives once employees are hired and investments are made, according to the IEDC. The Hancock County Council, Hancock County Redevelopment Commission and Duke Energy approved additional incentives.