Five Below to build distribution center in central Indiana

<p>INDIANAPOLIS &mdash; Discount retailer Five Below will locate a Midwest distribution center in central Indiana, creating more than 470 new jobs by the end of 2025, the company and the state announced Wednesday.</p>
<p>The Philadelphia-based company plans to invest more than $100 million to establish distribution and e-commerce operations in Shelby County, officials said. The 1 million-square-foot (92,903-square-meter) is expected to begin operations in summer 2022. </p>
<p>“Ship Center Indiana is going to be an incredible facility filled with state-of-the-art technology, and great for boosting the local economy by creating jobs," Five Below CEO Joel Anderson said in a news release. </p>
<p>The Indiana Economic Development Corp. offered Five Below up to $2.8 million in conditional tax credits based on the company’s plans to create up to 473 jobs, the agency said. The IEDC will also offer up to $1 million to support local infrastructure improvements. Shelby County approved additional incentives.</p>
<p>Five Below also has distribution centers located in Georgia, New Jersey, Mississippi and Texas and one under construction in Arizona. </p>