By Mark Ambrogi
Fishers Mayor Scott Fadness delivered positive economic development news at his second State of the City address Feb. 10 at the Forum Conference Center.
Stanley Security, a $2 billion division of Stanley Black and Decker, plans to move its corporate headquarters from Indianapolis to a three-story building in Fishers Point Business Park.
“This constitutes almost a $17 million investment in an 80,000-square-foot facility,” Fadness said. “There will be 150 jobs returning and another 155 new jobs in Fishers. To build on this momentum, by the end of the day (Feb. 11), the state of Indiana and the City of Fishers will join in another economic development announcement that will bring an additional 500 jobs to Fishers.
“To put this in perspective for all of you, last year was a tremendous year of economic development for the city of Fishers,” Fadness added. “I’m excited to tell you by the end of the day tomorrow (Feb. 11) we have surpassed all economic development efforts from 2015 and it will only be Feb. 11.”
Braden Business Systems, a technology solutions company, will build a $5.6 million, 35,000-square-foot building in the Nickel Plate District of downtown Fishers at 7 Municipal Dr. The company is currently in Indianapolis.
Stated in the proposal, Braden Business Systems will occupy 20,000 square feet and the City of Fishers will master lease the remaining 15,000 square feet. The company also plans to build a 10,000-square-foot warehouse near the offices.
Fadness and Dave Braden, president of the company, will present the plan to Fishers City Council Feb. 15.
“This will constitute a $7 million investment and nearly 60 good-paying jobs coming immediately with the promise of probably another 40 in the years to come,” Fadness said. “I believe and predict there will be additional developments in downtown Fishers this year.”
Braden Business Systems plans to hire additional 90 full-time employees by 2020.
Both projects include an abatement and fee waiver agreement and will be considered at the Fishers City Council meeting Feb. 15. According to a release by the city, the Braden Business S
