Krone Scraps Shelbyville Plans

Posted: Updated:
The company had plannned to begin hiring next year. The company had plannned to begin hiring next year.
SHELBYVILLE -

An agriculture equipment company has called off plans to move its headquarters from Tennessee to Shelbyville. Krone North America's $12.5 million plan was expected to bring more than 100 new jobs. Shelby County Development Corporation Executive Director Brian Asher says the decision had to do with company issues, and while the city is disappointed, he is eager to see what opportunities the shovel-ready site may bring in the future.

When the company announced its plans last year, Chief Executive Officer Tommy Jones said the move would provide the company with "a strong base of knowledgeable workers." The campus had been set to span 40 acres at the intersection of Highway 44 and I-74 in Shelbyville. 

Asher issues the following statement to Inside INdiana Business:

"While we are disappointed by Krone’s decision, we understand that the economic landscape is ever-changing. We plan to keep the lines of communication open with Krone and are hopeful there may be a partnership in the future. We’re also eager to see what opportunities the shovel ready site may bring to our community. It’s been an exciting week in Shelbyville with the announcement of Kimura opening its first U.S. manufacturing facility here, and we look forward to building on this positive momentum."

It hasn't been all bad news for Shelbyville this month. Last week, Kimura Foundry America Inc. said it would invest $8 million to build a foundry on 10 acres in the city and create around 25 jobs.

  • Perspectives

    • Planning For Expansion or Relocation in 2019?

      Given the strength of today’s economy, business relocations and expansions that were once few and far between are now much more common. Businesses considering significant investments or relocations in 2019 will consider the cost and availability of workforce, logistics, cost of short- and long-term occupancy, and much more when looking for the ideal project site. There needs to be a good community fit as well. While these are all critically important factors to the success of a...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Indy Airport to Introduce New Airline

      Indianapolis International Airport will today host an event to welcome a new airline. Airport officials say the provider will add more routes to IND's growing roster of options. Earlier this month, the airport reported record-breaking traffic in the third quarter. IND said the more than 2.4 million passengers that passed through the airport in the third quarter of 2018 marked an 8 percent year-to-date increase over last year and the best third quarter in the facility's history.

    • IND Adds New Airline, Nonstop Routes

      A Florida-based airline, billing itself as an "ultra low-cost carrier," is coming to Indianapolis International Airport. Spirit Airlines Inc. (NYSE: SAVE) will begin daily, nonstop service to Las Vegas and Orlando in March, and add summer seasonal nonstop service to Myrtle Beach in May. Vice President For Capacity Planning Mark Kopczak says the airline sees "real potential for growth" in those routes, adding IND has done a good job "selling Indy as a place...

    • Stellar Communities Winners Unveiled

      Lieutenant Governor Suzanne Crouch has unveiled the two winners of the 2018 Stellar Community designation. The regions selected for the designation will receive state funding to implement the revitalization plans submitted for their communities. This is the first year the designation has been awarded on a regional basis. Each region will receive $4.5 million from the Indiana Office of Community and Rural Affairs, $2 million from the Indiana Department of Transportation and...

    • National FFA Convention to Stay in Indy

      One of the state's largest conventions will remain in Indianapolis. The National FFA Organization has announced Indy will continue to host the National FFA Convention & Expo through 2031. The announcement comes two months after the organization set a new attendance record at the 2018 convention, which drew 69,944 people. The event had an estimated economic impact of $39.8 million for the city. The organization has previously committed to hold the event...

    • Indiana Companies Among 'Just 100'

      Three Indiana-based companies are including in Forbes' 2019 "Just 100" list. The ranking, according to the publication, features companies that are "taking the public interest into their own hands and generating better returns for themselves and society in the process."