FORT WAYNE — The Fort Wayne Redevelopment Commission voted to pass an Economic Development Agreement with Sweetwater to support the company’s expansion in Fort Wayne Monday, Feb. 9.
Sweetwater continues to grow and this has created a need for additional distribution center capacity to keep pace with rising customer demand. Sweetwater’s existing Fort Wayne distribution center currently spans 524,363 square feet and features 260 rooftop solar panels. In addition to powering Sweetwater’s campus, the excess solar power generated is sent back to the grid, positively impacting the supply of energy for the local community. The campus expansion is projected to create 75 temporary construction jobs and will enable Sweetwater to add 300 new jobs.
The economic development agreement calls for the Commission to fund infrastructure improvements, primarily road improvements, in and around the Sweetwater campus using tax increment financing generated by the company’s expansion of its warehouse. The new warehouse will generate approximately $3.4 million in new property tax revenue over the first five years…