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Indy company to close, leaving nearly 200 Hoosiers without a job

Posted: 12:29 PM, Feb 27, 2020
Updated: 2020-02-27 15:57:13-05

INDIANAPOLIS — Nearly 200 Hoosiers are losing their jobs when an Indianapolis company shuts down starting next month.

19th Capital Group filed a WARN notice with the Indiana Department of Workforce Development on Wednesday saying they would be permanently closing their facility at 9702 East 30th St. in Indianapolis.

The notice did not state an exact date for closure but the company said they anticipate permanent layoffs to begin on or after March 27.

"The majority of employees will terminate employment during the 14 day period beginning April 27, 2020," the company said.

As part of the closure, 199 employees are expected to be permanently laid off.

According to their website, 19th Capital Group provides "asset financing and fleet management solutions for operators of Class 8 fleets across the North American trucking industry."