Saab Jet Fighter Investment May Be Just the Beginning

Posted: Updated:
Schellinger was a guest on this weekend’s edition of Inside INdiana Business with Gerry Dick. Schellinger was a guest on this weekend’s edition of Inside INdiana Business with Gerry Dick.
WEST LAFAYETTE -

It is viewed as a major win for Indiana’s increasing effort to attract global investment in the aviation and aerospace sectors. But Saab’s plans to invest $37 million and add 300 jobs at a fighter jet plant in the Purdue Discovery Park District may be just the beginning of a far-reaching partnership. "It's not just going to be the fuselage down the road and the partnership with Boeing,” said Indiana Secretary of Commerce Jim Schellinger. “It’ll be other things, in cybertechnology and things like autonomous technology and 5G. Their president said, 'We are going to be here for the next 100 years.'”

Schellinger was a guest on this weekend’s edition of Inside INdiana Business with Gerry Dick.

Schellinger says early in the discussions with the Sweden-based company, executives began to see locating the plant in Indiana, and specifically at Purdue University, as a "very unique situation" with the potential for corporate collaborations as well as proximity to one of the world’s leading research institutions.

Shortly after the May 8 announcement, Purdue President Mitch Daniels told Inside INdiana Business that while the Saab investment is a manufacturing play at the outset, the table is set for far more opportunities in the future.

Daniels believes the Saab deal is an example of regional and state economies that are beginning to diversify beyond just manufacturing. "This is going to be a major research collaboration in a variety of high tech areas over the years," said the former Indiana governor, who adds it is part of a larger state economic development strategy. "That was always the next step, beyond becoming a great place to do business, let’s have higher value and more diverse businesses coming here."

  • Perspectives

    • Baby Boomers Are Impacting the Building Industry

      There are currently 78 million baby boomers in the U.S., making up 25% of the population and controlling 67% ($28 trillion) of the country’s wealth, according to the Living In Place Institute. AARP says 90% of people surveyed want to remain as long as possible in their homes. The majority of those 65 and older remodel their home to make it safer and accessible. In fact, 45% of all remodeling work is being done for people over the age of 65. With this amount of data supporting...

    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

    • Hub & Spoke Aims to Fuel 'Purpose and Passion'

      The co-founder of a $16 million mixed-use development in Fishers says the project aims to have the biggest social impact possible. Officials broke ground Tuesday on Hub & Spoke, which will include a design center, coworking space and makerspace when completed. David Decker says the project is the first of its kind in the nation and seeks to help people find their purpose and passion and tie that into their vocation. In an interview with Inside INdiana Business Reporter...

    • (Photo Courtesy: Roche Diagnostics)

      Roche VP on List of Influential Women Executives

      An executive with Roche Diagnostics has joined an exclusive list of prominent and influential women, including Oprah Winfrey and Serena Williams.  Cindy Carlisle, Vice President of Human Resources at Roche Indy, was named to Savoy Magazine’s 2019 Most Influential Women in Corporate America. 

    • The facility could be build within the River Ridge Commerce Center.

      Jeffersonville Being Considered for CBD Plant

      California-based Layn USA could soon establish operations in southern Indiana. One Southern Indiana, the economic development organization and chamber of commerce for Clark and Floyd counties, says the company has signed a purchase and sales agreement with the River Ridge Development Authority for a proposed $52 million CBD manufacturing facility. The project, the company says, would have the capacity to process a minimum of 5,000 tons of hemp biomass each year. As part of the...

    • Rendering courtesy of Two EEs Winery

      Two-EE's Winery to Adopt New Age Policy

      Two-EE's Winery in Huntington has announced it will adopt a new age policy begining in August. Our partners at WPTA-TV report the winery will no longer allow people aged under 21 to visit the establishment due to ongoing problems with unsupervised or misbehaving children. 

    • New Mixed-Use Development Planned for Fishers

      A new mixed-use development is coming to Fishers. Thompson Thrift Retail Group has announced the development of The Station, an office building that is part of an overall project that includes a 150-room hotel, a future retail pad along 116th Street and nearly 40 3-story townhomes.