February 18, 2021 – Representatives of One Southern Indiana (1si), working in partnership with the River Ridge Development Authority and J. Knipper and Company, Inc., announced the expansion of the current Knipper distribution center in Charlestown, Indiana.
The expansion of this facility will consist of an additional 150,000-square-foot of space, including a refrigerator which can hold 1,500 pallets and a drive-in freezer.
The company, which provides complete supply chain services to the U.S. pharmaceutical industry, anticipates making a capital investment of $17.4 million and increasing its workforce by 38 employees by the end of 2024.
The Indiana Economic Development Corporation offered Knipper up to $400,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once it has hired Indiana residents.