Группа Do it Best получит 3,4 млн долларов от штата Индиана за переезд штаб-квартиры True Value в Форт-Уэйн

Do it Best to receive $3.4M in incentives for True Value relocation Subscriber Benefit As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowFort Wayne-based Do it Best Group is set to receive $3.4 million in incentives from the state for relocating the corporate headquarters of its True Value Co. subsidiary. Earlier this month, Do it Best announced it would bring the Chicago-based retailer to the Electric Works mixed-use innovation district near downtown Fort Wayne. According to incentives documents filed with the state, Do it Best expects to invest nearly $12.3 million to make the move and add 180 jobs by the end of 2028. The company previously declined to provide specific job numbers. The documents did not specify if the additional jobs would be new hires or transplants from True Value’s current location in Chicago. When the move was first announced, Do it Best CEO Dan Starr said there would not be a “massive migration” of existing workers. The incentive agreement runs through Dec. 31, 2035. Do it Best acquired the Chicago-based hardware retailer in November 2024 for $200 million. The company previously said moving True Value’s headquarters is the next phase in aligning and integrating the Do it Best and True Value brands. The acquisition brought more than 4,500 independently owned hardware retailers under the Do it Best umbrella, including stores in more than two dozen Indiana communities. Do it Best Group is the largest private company in Indiana with $4.9 billion in annual revenue in 2025, according to IBJ research. The company employs just under 3,000 people, including 608 in Indiana. Nearly 500 of those are located at the Do it Best headquarters at Electric Works.