Cummins, GE Aviation announce jobs for Indiana
Two big announcements Wednesday will have a major impact on economic development in Central Indiana.
Cummins announced that they will build a division headquarters on Alabama St. between Market and Washington Streets.
"We are pleased to announce that Indianapolis will serve as our global distribution business headquarters, while Columbus, Indiana, where our company was founded 95 years ago, will continue to serve as Cummins' global corporate headquarters," said Pamela Carter, President, Distribution Business, Cummins Inc.
Now, Cummins will add to that presence by investing $30 million in a distribution headquarters for 400 employees in downtown.
Some employees will be transferred to Indianapolis from other locations, but the company still plans to hire 150 additional employees in communications, legal, information technology and security - all high-paying jobs.
"Cummins is a well-respected global leader in technology and innovation," said Indianapolis Mayor Greg Ballard. "Locating the global distribution headquarters of a Fortune 500 company downtown will bring new people, visitors and recognition to Indy as a worldwide economic center."
Cummins will pay $4.3 million for the property. Indianapolis will invest $3.3 million in infrastructure improvements and parking on the site and abate 70% of the development's property taxes for ten years.
Construction on the new building is expected to begin within the year and open by late 2016.
Also, the Indiana Economic Development Corporation has paved the way for 200 new jobs paying about $75,000 a year. GE Aviation made the official announcement this morning in West Lafayette. Eyewitness News has learned the company plans to build a $92 million plant in Lafayette to build jet engines.
"This is an exciting project," said Bob Taylor, IEDC Policy Committee Member, who called the GE plant "the early phase of what could be more to come, with an average hourly wage of nearly $36, and a win against some very competitive states out there. So, an exciting announcement."
The new Cummins facility near the former Market Square Arena site, will be located directly to the south of a recently approved 28-story apartment tower fully transforming parking lots into what Mayor Greg Ballard calls vibrant places to work and live, generating new tax revenue for the city and adding to the downtown skyline.
That project still needs approval from several city agencies, committees and the City-County Council before construction can begin.