A company plans to relocate its headquarters from Memphis, Tenn., to Shelbyville and to bring with it jobs that pay about twice the state’s average wage. That’s according to the Indiana Economic Development Corporation.

Governor Mike Pence and Shelbyville Mayor Tom DeBaun joined Krone North America President and CEO Tommy Jones Thursday as the company announced the plans.

The state reports that the company will will invest $12.5 million to construct a 200,000-square-foot facility on 40 acres at the intersection of Highway 44 and I-74. Krone anticipates bringing 101 new jobs by 2021.

The facility will serve as the company’s primary distribution hub and training center in North America. The new facility will also house approximately 20,000 square feet of office space to accommodate Krone’s corporate headquarters team, which is expected to transition to Indiana in 2017.

“Krone is excited to become part of the Shelbyville community,” Jones said.. “In our search we were very impressed with the commitment and teamwork of the community and the state in helping us make this decision. The culture of Krone aligns very well with that of Shelbyville. We believe this transition is important to our growth strategy for North America.”