![]() INDIANA SPOTLIGHT
An Insular Community
Shelbyville is seeing a $150-million doubling of production capacity from Knauf Insulation, which is adding 400,000 sq. ft. (37,160 sq. m.) to the plant that employs some 800 of its 1,250 U.S. employees. Key to the decision were negotiations with Glass, Molders, Pottery, Plastics and Allied Workers International, which in the end helped keep 350 of those jobs at the company's Indiana home base. The 27-year-old firm makes thermal and acoustical insulations for residential, commercial, industrial, OEM and metal building applications.
Also choosing to stay put is specialty retailer Hat World, which many thought would relocate to Tennessee following its acquisition by Nashville-based Genesco Inc. But instead it will lease a 195,080-sq.-ft. (18,123-sq.-m.) facility at Duke Realty's Park 100 Business Park for a new headquarters and logistics facility. The company employs 200, and plans to add another 100 by 2009. Riding that retention success, two weeks later, in October 2004, Duke purchased 300 acres (121 hectares) of land northwest of the city along I-65, part of the 1,400 acres (567 hectares) the company has options on for a $750-million office, industrial, retail, medical and residential development called Anson. Left holding the bag a while back by United Airlines and its abandoned maintenance center, Indianapolis is giving no incentives whatsoever as some of the enormous facility's space is occupied by companies made up in part by former United employees. First, AAR Aircraft Services signed on to conduct maintenance operations there, and now Indianapolis Diversified Machining, Inc., will lease another 216,000 sq. ft. (20,066 sq. m.) and hire 50 mechanics and other personnel in a partnership arrangement with AAR. The regional Indy economy still thrives on its logistics location and prowess:
|
©2005 Conway Data, Inc. All rights reserved. SiteNet data is from many sources and not warranted to be accurate or current.
|