Big Investments Coming Along 'Cummins Corridor'
Columbus-based Cummins Inc. (NYSE: CMI) says it will invest nearly $70 million in its Columbus and Indianapolis operations as it celebrates 100 years in business. The company plans to pump $33 million into its Columbus Engine Plant to make it the center of its Electrified Power segment. At an event today at Indianapolis Motor Speedway, Cummins also announced plans to build a $35 million office building in Greenwood to house about 500 digital and information technology employees and expand its downtown Indy headquarters.
The engine maker says the Columbus investment will allow its Columbus Engine Plant to be an innovation center to deliver what it calls the next century of Cummins' electrified solutions and result in up to 75 new jobs. Upgrades to the facility began last year and are ongoing. The Electrified Power business, which was launched last year, designs and builds fully-electric and hybrid powertrain systems and subsystems to help commercial clients move toward electrification.
Cummins says the new $35 million office building will be along I-65 and County Line Road. The company also plans to build out additional space at its downtown Indy Distribution Business headquarters and take on more space at the Salesforce tower.
"Today is a significant milestone and a day of immense celebration as we commemorate 100 strong years of Cummins operating in the Hoosier state and look forward to 100 more," said Governor Eric Holcomb in a release. "Cummins has from their beginning been a major force to Indiana’s strong advanced manufacturing sector, and we are so grateful for their commitment to continuous education and training for employees, particularly helping prepare workers for the jobs of the future."
The Indiana Economic Development Corp. offered Cummins more than $1 million in conditional tax credits and training grants based on the job creation plans. The city of Columbus is supporting the project as well.