News release from Greater Fort Wayne:
BAE Systems breaks ground at new Fort Wayne location
(May 2, 2014) – BAE Systems, a global defense, security and aerospace company, held a groundbreaking today at its new Fort Wayne site located near the Fort Wayne International Airport on the corner of Ardmore Avenue and Airport Expressway.
BAE Systems is currently located on Taylor Street in a building that was constructed in 1942. At this location, BAE Systems provides manufacturing and support services to the aviation industry. The company will retain more than 1,000 jobs at its new location, which plans to be a state-of-the-art engineering and production facility.
“Today’s event demonstrates the unprecedented positive momentum we’re seeing in the City of Fort Wayne,” said Mayor Tom Henry. “We appreciate the commitment by BAE Systems to invest in our community. Job growth, job retention, economic development opportunities, and quality of life are the key components that make our City a leader in attracting and retaining jobs and businesses.”
Representatives at Greater Fort Wayne Inc., along with the City of Fort Wayne, the Capital Improvement Board, and the Indiana Economic Development Corporation worked with BAE Systems to provide a competitive incentive package to keep the company in the community. BAE Systems considered alternative locations, but ultimately chose to remain in Fort Wayne.
“Aerospace innovations are skyrocketing to new heights, powered by Hoosier-built systems at BAE Systems. In turn, these Hoosier systems are powering our troops with advanced technology, as well as supporting the commercial aircraft dotting our skies today,” said Eric Doden, president of the Indiana Economic Development Corporation. “As masters of manufacturing, Hoosiers’ expertise and dedication help companies like BAE Systems achieve their goals. With a business climate built for growth, Indiana stands out as a state that works.”
The Fort Wayne City Council approved the tax abatement application and the Fort Wayne Redevelopment Commission approved the use of TIF Funds to support BAE Systems’ relocation in December of 2013. The Allen County Capital Improvement Board is also contributing to keeping BAE in the greater Fort Wayne community and approved funds for this project in November 2013.
About Greater Fort Wayne Inc.
Greater Fort Wayne Inc. is the new organization that unifies the Fort Wayne?Allen County Economic Development Alliance and the Greater Fort Wayne Chamber of Commerce, serving as a single point of contact for economic growth in Greater Fort Wayne. In addition, Leadership Fort Wayne and the Downtown Improvement District are also working toward an affiliation with Greater Fort Wayne Inc. Together, we’re growing a more prosperous, vibrant community in Greater Fort Wayne. To learn more about Greater Fort Wayne Inc., visit www.GreaterFortWayneInc.com.
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