Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

FedEx Plans to Pump $170M Into Indy Hub

Tuesday, September 13, 2016 08:11 AM EDT Updated: Tuesday, September 13, 2016 09:54 AM EDT
FedEx Plans to Pump $170M Into Indy Hub FedEx opened its Indianapolis hub in 1988.

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.

Story Continues Below

Most Popular Stories

  • Holcomb releases videos promoting Hoosier attractions

  • Bourbon, racing tires square off in final round of ‘Coolest Thing’ contest

  • Crane naval base poised for growth as innovation hub

  • Planned giving can bolster long-term sustainability for nonprofits

  • Evansville diversion center serves as alternative solution to incarceration, hospital visits

  • Marian lands $500K grant for City Connects program in Muncie

Perspectives

Planned giving can bolster long-term sustainability for nonprofits

Planned giving can bolster long-term sustainability for nonprofits

It’s that time of the year when “Giving Tuesday” and being thankful spurs donors to open their pocketbooks. According to a 2023 report by Giving USA, Americans donated $499.33 billion to charity last year, with the largest source being individual donors....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service