HAMILTON COUNTY

Fishers to get 2 new corporate headquarters

Chris Sikich
IndyStar
Fishers Mayor Scott Fadness

Fishers Mayor Scott Fadness used his State of the City address Wednesday to announce that two corporate headquarters with a combined $21.5 million-plus investment are coming to town.

STANLEY Security plans to build a $15.9 million, 80,000-square-foot headquarters and bring more than 300 jobs to Fishers Point Business Park, near I-69 and 106th Street.

The city, state and county are partnering on a $34 million project to add a roundabout-style interchange at 106th Street and I-69.

STANLEY will move two locations it leases in Fishers and one in Noblesville to the new headquarters. The facility at 75th Street and Binford Boulevard will remain open.

STANLEY Security Solutions.

Fadness also announced that Braden Business Systems will build a 35,000-square-foot, four-story building and bring more than 70 jobs to Fishers' emerging downtown, called the Nickel Plate District. The business will build on land the city owns north of the Switch apartment complex.

The company will operate on the top two floors of the building and also plans to lease a 10,000-square-foot warehouse nearby.

Fishers estimates the company's investment at $5.6 million to $7 million.

The business, currently headquartered at Keystone Avenue and 96th Street in Indianapolis, plans to hire an additional 90 employees by 2020.

The Indiana Economic Development Corp. offered Braden Business Systems up to $1.4 million in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans.

Fishers will assist the company in subleasing 15,000 square feet of space on the lower two floors of the building. The city has become active in assisting companies with subleasing, inking similar arrangements with Bluebridge and Meyer Najem to sublease space on lower floors in their downtown buildings.

Architectual rendering of Braden Business Systems, Fishers

The Fishers City Council will consider tax abatements and impact fee waivers for both projects when it meets Feb. 15. The council also will consider giving a little more than a half acre to Braden Business Solutions for its project. The value of those incentives was not immediately available.

Fadness discussed the deals to a record crowd of 456 at the monthly luncheon of OneZone, the local chamber of commerce. Here are six other takeaways from Fadness'  address:

• Fadness touted the new Launch Fishers facility being built near the downtown. Currently based in the Fishers library, the city is spending about $4 million to renovate space for the business incubator in the business park north of the SuperTarget store.

• He applauded the city's luring of furniture giant Ikea, which will open a 296,000-square-foot store on 35 acres at I-69 and 116th Street. Construction on the estimated $40 million project will begin in the spring, and it will open in 2017.

• The mayor lauded the planned construction of Ind. 37 into a corridor with roundabout-style interchanges as the city's biggest-ever project. The state will contribute $100 million; Fishers, $16 million; Hamilton County, $16 million; and Noblesville, $16 million, to build up to nine interchanges. Work will start in about three years and last about three years.

• Fadness explained that Fishers is revising its comprehensive plan, including the future development of land, transportation projects, parks and housing needs.

• He said a task force studying mental health needs in Fishers has identified a number of actionable goals: developing an education program with the police and fire departments, conducting quarterly reviews of mental health emergency calls, enhancing the city's partnerships with behavioral health providers, developing a comprehensive plan for Hamilton Southeastern Schools, developing a youth training plan for public safety departments, developing a communications campaign, remodeling and implementing protocols for mental health calls and developing an intensive care and coordination program for youth. The task force, which is made up of city officials, public safety personnel, Hamilton Southeastern Schools, Community Health Network and others, has been working since January 2015.

• Fadness also recognized Fishers Police Chief George Kehl for his 41 years of service. Kehl is retiring in September and is running as a Republican for Hamilton County Council.

Call IndyStar reporter Chris Sikich at (317) 444-6036. Follow him on Twitter: @ChrisSikich and at Facebook/chris.sikich.

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