Transpoint LLC, a logistics and inventory management company, today announced plans to create 251 new jobs at an average wage of more than $18 an hour and lease 44,000 square feet of a cargo facility at Indianapolis International Airport.

“With our new location at the airport, in addition to our existing facility nearby, we will be able to offer ‘production-to-consumption’ supply chain management and implementation services,” said Scott Tegarden, co-chairman of Transpoint. “We will focus on container management from country of origin all the way through the supply chain—including distribution, warehousing and fulfillment.”

Government officials, airport executives and private economic development leaders were on hand for the Transpoint announcement. Transpoint, which is headquartered in Indianapolis, will invest more than $3.1 million in setting up its new operation.

Additionally, Transpoint has partnered with Purdue University to develop software for the logistics industry to monitor air and sea container shipments from the Far East and the status of ground shipments and port and shipping activity.

“Using innovative concepts and software, Transpoint will reduce the links in our customers’ supply chains. And we’ll become the first company in Indianapolis to focus on managing containers from their origins in Asia and elsewhere all the way through to delivery to end users,” said Pete Witczak, CEO of Transpoint.

The economic development incentives offered by the IEDC include:

— Approximately $122,000 in training grants from the Skills Enhancement Fund (SEF) to train Indiana resident employees;

— Up to $50,000 in training grants for technology professionals through the Technology Enhancement Certifications for Hoosiers (TECH) fund;

— Up to $2.1 million over eight years in Economic Development for a Growing Economy tax credits (EDGE); and

— Potential tax credits for certain company investments through the Hoosier Business Investment (HBI) tax credit program.

The city provided an eight-year property tax abatement on $3.1 million of the company’s personal property investment.