FedEx Plans to Pump $170M Into Indy Hub

Posted: Updated:
FedEx opened its Indianapolis hub in 1988. FedEx opened its Indianapolis hub in 1988.
INDIANAPOLIS -

FedEx Corp. (NYSE: FDX) is planning a $170 million investment in its hub at Indianapolis International Airport. In a tax abatement request introduced Monday evening to the City-County Council in Indianapolis, the company says plans call for more than two dozen additional full-time and nearly 180 part-time positions. FedEx says the installation of new package-handling equipment would also help retain some 730 full-timers and 3,200 part-timers.

The work is expected to be spread between 2017 and 2020. FedEx located to the airport property in the late 1980s.

In 2006, the company and the Indianapolis International Airport Authority announced a $214 million expansion of the hub, adding hundreds of jobs in the process and, at the time, expanding its lease at the property to 2028. That announcement came just two years before the ribbon was cut on the $1.1 billion Colonel H. Weir Cook Terminal, the main commercial air facility, just west of the old terminal.

The FedEx hub is the global company's second-largest next to its home base in Memphis, Tennessee.

The new plan will now head to the council's Metropolitan & Economic Development Committee Monday for a vote to recommend it to the full council. The earliest the full council could approve it would be September 26, before it would go October 5 to the Metropolitan Development Commission for final approval.

  • Perspectives

    • Creating the Work Spaces that Draw Talent to Indianapolis

      The future economy will be driven by data, powered by robotics and heavily invested in the building blocks of nature – biotech and genetic engineering. That’s true of the economy nationwide, and it’s especially true here in Indianapolis, where dominant pharmaceutical and biotech companies are putting us at the cutting edge of the science-based economy. It all sounds larger than life. But the facilities that will house these industries will always be...

    More

Events



  • Most Popular Stories

    • The Honda Greensburg plant opened in 2008.

      Honda to Invest $4M, Add Jobs at Greensburg Plant

      The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.  

    • Amanda Stephenson is the founder and president of Expert RN|MD. (Inside INdiana Business Photo/Mary-Rachel Redman)

      Medical Consulting Firm Opens Downtown Indy HQ

      A medical consulting startup is celebrating the grand opening of its new downtown Indianapolis headquarters. The Indiana Economic Development Corp. says Expert RN|MD, which provides medical consultation services to law firms and life science companies, is investing $1.7 million in the new location and plans to create up to 21 jobs by the end of 2023. The firm was founded in 2018 and recently renovated the 4,000-square-foot space in the downtown's Wholesale District. In an interview...

    • Allison and Stanley Chen provided the lead gift for the campaign. (Provided Photo/ISI)

      International School Launches Capital Campaign

      The International School of Indiana has publicly launched a capital campaign to establish a unified campus in Indianapolis. As part of the ONE ISI campaign, the school is looking to raise $6.5 million to build a new school building for pre-elementary and elementary students at the site of its middle and high schools. The public launch follows a 10-month silent phase of the campaign, during which ISI raised $5 million from more than two dozen donors. Currently, ISI's operations are...

    • Rendering courtesy of the city of Fort Wayne

      Mayor Henry Announces Developer for $70M Project

      Fort Wayne Mayor Tom Henry has named Indianapolis-based Barrett & Stokely the developer for a $70 million project on the city's riverfront near Promenade Park. The company was selected from a group of five firms that submitted requests for proposals to spearhead the project.

    • Money magazine judges Fishers as 3rd best place to live in the U.S.

      Fishers Makes Top 10 List of 'Best Places to Live'

      Three communities in Indiana made the top 100 list of best places to live in the country, but only one made the top 10. Fishers was judged by Money magazine as the third best place to live in the United States, behind Clarksville, Tennessee and Round Rock, Texas.