Inside Indiana Business: Greenwood 'disappointed' as FedEx pulls $259M plans
Inside INdiana Business

Inside Indiana Business: Greenwood 'disappointed' as FedEx pulls $259M plans

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FedEx Corp. has dropped plans for a $259 million small package distribution center in Greenwood. The company cited "projected operational needs" in halting plans for the hub, which was expected to result in up to 455 new jobs. In a statement, the city of Greenwood said it is "certainly disappointed" in the decision, but adds that FedEx's initial announcement led to interest from "a number of other high-profile companies."

Jeffboat details upcoming closure: Jeffersonville-based Jeffboat has released an updated timeline for the previously-announced closure of its facility. In a notice to the state, the company says the final round of layoffs is expected to begin April 2 and continue through May 14, when the facility will close its doors for good.

Indianapolis lands World Trade Center: Indiana's emerging profile as a global business center is getting a boost. After more than a year of effort, organizers have received final license from the New York-based World Trade Centers Association to establish a World Trade Center in Indianapolis. "World Trade Center Indianapolis is going to be a conduit to the world for trade, trade services in particular," said former Marion County Clerk Doris Anne Sadler, who is serving as president of WTC Indianapolis. "We look to help small and mid-sized companies who want to be in international trade, but don't necessarily know where to turn." Indiana has been the fourth-largest metropolitan area in the nation without a World Trade Center.

'Intelligent' EV production coming to Mishawaka: A California-based electric vehicle maker says trial production of its "intelligent" cars will begin in Mishawaka by the end of the year. SF Motors unveiled its concepts Wednesday at its Santa Clara headquarters, saying the SF5 model will be available for pre-order this year and will be on the road in 2019. The company in November completed the acquisition of a former AM General LLC commercial assembly plant where a contract with Mercedes-Benz U.S. International Inc. had ended. During the unveiling, which attracted company officials from throughout the world and a representative from Gov. Eric Holcomb's office, Chief Production Officer Jim Finn outlined the company's production model.

'Project Propel' seeks to raise region through air: Businesses and communities throughout Michiana are joining forces to boost the regional economy through increasing the number of direct flights at South Bend International Airport. Project Propel focuses on policies that drive business travelers toward SBN first. Right now, organizers say, 60 percent of business flights go to other airports in cities like Chicago, Indianapolis or Fort Wayne. The greater Grand Rapids, Michigan, area launched a similar effort that estimates suggest resulted in $100 million staying with the local economy in its first year. During Wednesday's public unveiling, South Bend-Elkhart Regional Partnership CEO Regina Emberton said combined efforts carry more weight.

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