Company Estimates Potential Hiring of 55 People at Four Times the Floyd County Average Wage
Representatives of One Southern Indiana (1si), the chamber of commerce and economic development organization for Clark and Floyd counties, and IQPack, LLC, a packaging and supply-chain solutions company based in New Albany, Ind., appeared before the city redevelopment commission on January 12, 2021. The company has plans for an expansion of its current operations at 3000 Technology Avenue to accommodate a new two-year software development contract.
Company leaders requested consideration for incentives in the form of training reimbursement funds up to $10,000 annually for up to three years. Should the commission offer incentives, they would be contingent upon Floyd County citizens being hired. If approved, the $1.17-million-dollar project will require the hiring of more than 50 high-skilled employees, such as packaging engineers, supply-chain experts and software developers with an average wage approximately four times the Floyd County average hourly wage.
“There is a major need for what we do, as many e-commerce and manufacturing companies are struggling to optimize their packaging operations and shipments to support more efficient supply chains. This has been a consistent problem in the industry for generations,” said John Moore, co-Founder and director of packaging for IQPack.
“Packaging is the vital thread connecting all parts of an operation such as materials cost, handling and storage, labor productivity, transportation cube and sustainability. We bring unique expertise, a laser focus, and passion to harness the value of packaging innovation, along with the proper tools to ensure a positive impact in all these areas,” said Moore.
New Albany Mayor Jeff Gahan said, “While the Midwest is known as the manufacturing hub of the nation, the City of New Albany is also an ideal location for technology-driven companies looking for a smart, highly-skilled labor force. The planned expansion of IQPack illustrates this point perfectly, and the City of New Albany will continue to assist the company in its efforts to grow and succeed.”
The Indiana Economic Development Corporation offered IQPack up to $1.5 million 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 Hoosiers are hired.
“With a strong logistics industry and thriving tech ecosystem, Indiana offers companies like IQPack the perfect location to scale up their operations,” said Indiana Secretary of Commerce Jim Schellinger. “We’re excited to continue supporting IQPack’s growth in New Albany and grateful for the company’s commitment to expanding its operations and creating high-wage career opportunities in Southern Indiana.”
IQPack is known for its unique, performance-based operating model, Packaging-as-a-Service, or PaaS. The model is anchored in industry-leading packaging solutions that drive positive effects across customers’ total cost of supply chain. Services include comprehensive, diagnostic packaging innovation combined with a team of packaging, supply chain and logistics experts. IQPack also utilizes powerful data analytics tools through its PACKCHAIN technology, which provides key operational assessments, on-going solution management, and operational dashboards for performance tracking.
“We’re creating solutions for our customers that drive predictable and sustainable results, year after year. We utilize many key tools to ensure packaging optimization brings real value to our customers’ material spend, labor efficiency, parcel and load spend management and sustainability goals such as reducing waste, returns, and damage.” said Doug Jones, IQPack’s co-founder and chief operating officer.
“It’s time to elevate the expectations and performance of packaging across the entire industry. Packaging material costs are important, but they represent only nine percent of the total supply-chain cost for our customers. Our PaaS model also attacks the other 91 percent of costs, and it reflects very positively on the customer experience, service metrics, and profitability of large shippers,” said Moore. “This expansion is the next stage of IQPack’s evolution, and we’re excited about the possibility of doing it here in New Albany.”
John Moore founded IQPack in 2013. The company recently went through a rebranding effort which included changing the name of the company from Packaging and Logistics Solutions. The new name and brand better reflect the innovative, technology-savvy approach the company is taking.
“The expansion of IQPack would be a big win for the community and a great way to start 2021,” said 1si President and CEO Wendy Dant Chesser. “The growth and current success of this home-grown, high-tech company send a signal to other interested businesses that Southern Indiana is the right location for high-wage, high-skilled operations. We congratulate IQPack on this fantastic news and thank them for considering New Albany for these extremely desired career opportunities.”
All business inquiries for IQPack must be directed to the company’s website at www.theiqpack.com.
About IQPack, LLC
IQPack, LLC, which was founded by John Moore as Packaging and Logistics Solutions in New Albany, Indiana, in 2013, has grown and flourished as a high-tech, packaging solutions company with a reputation for innovation and customer satisfaction. Guided by seasoned leaders of the packaging and global operations industries, our team of best-in-class packaging, logistics, and data analytics experts have a genuine passion to live our core values of integrity, innovation, customer focus, community, and family. IQPack, LLC, developed a unique “Packaging-as-a-Service,” or PaaS, model, which is designed to utilize progressive packaging optimization solutions that drive cost savings and operating efficiencies across 100-percent of our clients’ supply chains. The company is also known for PackChain, a proprietary, data analytics software platform that supports the PaaS model, providing objective analysis, broad solution features sets and a performance tracking capability for all key cost centers within our customers total supply chain operations. Given the steady growth in the company’s customer base of e-commerce and manufacturing, the team at IQPack, LLC, is focused on continuing its track record of success in meeting and exceeding the goals of its clients. For more information, visit www.theiqpack.com.
About One Southern Indiana:
One Southern Indiana (1si) was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to help businesses thrive in the Southern Indiana and metro area.
Since its inception, the organization has evolved to include a three-prong approach to serve its members and investors. Business Resources, as the chamber side of the organization, encompasses membership, signature events and programs which support and encourage business growth; Economic Development works to grow the regional economy through the attraction of new commerce and assists with retention and expansion of existing businesses; Advocacy supports businesses at the government level by engaging in the initiatives to preserve, protect and promote a business friendly environment free of obstacles to growth and development of commerce. For more information on One Southern Indiana, visit www.1si.org