INDIANAPOLIS (WISH) — Global engine maker Cummins will create a roughly $30 million distribution headquarters in downtown Indianapolis, Mayor Greg Ballard’s office announced Wednesday morning.
“This isn’t just, ‘hey, we want to locate some jobs in your city. We want to build a campus,’” said Indianapolis Deputy Mayor Deron Kintner.
The Columbus-based company will be on a part of land where Market Square Arena had been. The new building will have retail, a training center, a green area and a parking garage. It’ll be in the area of Market, Alabama, Washington and New Jersey streets.
“We think it’s great for us as a company, great for the city. We’ll really provide some great economic impact to the city that we think is positive,” said Jon Mills, Dir. External Communications, Cummins.
The Fortune 500 company’s global headquarters is in Columbus, though Cummins has already had offices in Indianapolis and has an engine plant in Seymour. The new Indianapolis building will bring 100 existing Indianapolis Cummins employees into one building and add about 100 more by relocating employees from Columbus. There will be the potential to accommodate up to 400 workers in the building altogether. Additional expansion is possible.
Cummins was entertaining other cities for its future site. Talks between Cummins and Indianapolis began in the Spring of 2013. The city donated a parking lot, and agreed to give a 70% tax abatement for the first 10 years. City officials say that, combined with location and plans for the high rise apartments attracted the investment.
“There was some concern when we went out last year with the RFP that we already had two strikes against us on this site. We really didn’t want a third. As far as I’m concerned I feel like we hit a grand slam with these two developments,” said Kintner.
No details were released on the design of the building, but Cummins plans to have a “significant architectural element.” The city where Cummins is headquartered is known for its architecture.
There aren’t specs on size or appearance. Cummins will soon start the design phase with more details in coming months. But, there’s a promise to have a “significant architectural element.”
“Short term it’s great. But, I think long term it’s off the charts as to what this could mean for the city of Indianapolis,” said Kintner.
Cummins expects to break ground sometime this year and hopes to open the doors to the multi-million dollar complex toward the end of 2016.