Company Planning Major Project in Greenwood

Posted: Updated:
The site along Allen Road in Greenwood was previously proposed for a FedEx distribution center. (photo courtesy of the Daily Journal) The site along Allen Road in Greenwood was previously proposed for a FedEx distribution center. (photo courtesy of the Daily Journal)
GREENWOOD -

An unnamed company is considering building a 615,000-square-foot facility at the site of a proposed FedEx distribution center in Greenwood. Our partners at the Daily Journal report the company plans to invest $80 million into the project, which could bring 1,250 jobs to the area.

The company continues to work out details of the project. At a Greenwood City Council meeting this week, Alexis Sowder, project manager for developer Scannell Properties, said the name of the company would be revealed as soon as possible.

"In this case, this is a highly competitive and confidential project," Sowder said. "The company is just not comfortable exposing their name. There is still quite a bit of internal approvals that need to take place."

The city and the company have agreed that no final approvals will be made until the company's name and details on the facility's purpose are revealed, according to the publication. Sowder said the facility would be a regional office for the company.

Sowder says the jobs would be full-time and would have an average pay would be close to $18 per hour, including the benefits package available to all employees. 

The company plans to seek tax abatements for the project, details for which will be presented at the next council meeting. Sowder says, even with the abatements, the city would still receive about $5 million in real property taxes and about $1.3 million in personal property taxes.

"We know that it is unusual that we can’t disclose who the occupier is just yet," Sowder said. "But we also know that we are not going to be able to finalize anything until we bring that operator to (the council)."

The site was originally slated to go to the $259 million FedEx facility, but the company ceased those plans in March, saying "projected operational needs" showed the facility was not necessary.

  • Perspectives

    • The First Thing Nonprofit Boards Should Focus On: Member Engagement

      There is no shortage of literature on how to run a nonprofit and what the board of directors should be doing. Do a quick search for “grant writing advice” or “board meeting agenda” and you will easily find hundreds of resources. But if there is so much helpful information around, why is serving on a nonprofit board sometimes so draining? After founding two nonprofits, Musical Family Tree and the Speak Easy, as well as serving on several nonprofit boards...

    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

    • (photo courtesy The Times of Northwest Indiana)

      Hammond Pulls 135 Jobs from Illinois

      A Hammond factory recently vacated by Michigan-based Lear Corp. didn’t sit empty for very long. Midland Metal Products has taken over the former seat factory, having relocated from Chicago after 95 years. 

    • (photo courtesy of TriCore Logic)

      Fort Wayne IT Firm Expanding

      TriCore Logic has announced plans to expand its office space and staff at its downtown Fort Wayne headquarters. The company plans to invest over $200,000 in the expansions. The 2010-founded company moved to the Anthony Wayne building in 2013, and now plan to grow their staff of five employees by up to eight over the next four years. 

    • (courtesy Wes Mills)

      Purdue: Farmland Values Decline Fifth Straight Year

      The value of top-quality farmland in Indiana has declined continuing a five-year trend, according to the latest data from Purdue University.  The statewide average of the best cropland is $8,212 per acre, down more than five percent, or $456 per acre, from the same period last year. Purdue’s survey shows average and poor-quality farmland values also dropped, but not as much. Average quality farmland declined by 0.9 percent. Purdue says the poor...

    • ‘Transformation’ Continues in Westfield

      Indiana’s fastest growing city is showing no signs of slowing down.  Mayor Andy Cook says now that Westfield has established itself as a destination for family sports with the Grand Park Sports Campus, the $35 million Grand Junction Plaza will transform the city’s downtown into a destination, a place “where people want to be.”   Cook says the project, more than a decade in the making, is an example of a place making strategy necessary for Midwest...
    • Elanco is headquartered in Greenfield.

      Elanco to Acquire Bayer AG Animal Health Business

      Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) has entered into an agreement with Bayer AG (ETR: BAYN) to acquire its animal health business in a deal valued at $7.6 billion. If approved, it would double Elanco’s Companion Animal business and create the second-largest animal health company by revenue. “Joining Elanco and Bayer Animal Health strengthens and accelerates our IPP strategy, transforms our portfolio with the addition of well-known pet brands, brings...