Friday, September 16, 2005

Good News, Bad News

If I'm going to note good economic news, I figure I also ought to note bad:
Fujicolor Processing Inc. has notified Mayor Graham Richard’s office that it plans massive layoffs at its Fort Wayne plant, a city official confirmed Thursday evening.
This isn't a big surprise, considering how most people have transitioned to digital photography and don't have any film to develop.

ALSO: Vera Bradley gets the tax incentives it wanted, waits for land to be re-zoned.
Vera Bradley Designs Inc. has nearly sewn up approval for its new $26.4 million headquarters in southwest Allen County.

The Allen County Plan Commission on Thursday voted to let the quilted handbag and luggage manufacturer move forward with plans to build a headquarters at the southwest corner of Lafayette Center and Zubrick roads. The planned 316,500-square-foot campus, south of the General Motors truck plant in Roanoke, will be nearly triple the size of Vera Bradley’s existing location in northern Fort Wayne.

The county commissioners still need to vote on rezoning the 72-acre site for industrial use before construction can begin. Vera Bradley hopes to break ground on the project this fall, company co-founder and president Barbara Baekgaard said.

Vera Bradley also secured a tax break from the county for its expansion plans Thursday. The Allen County Council approved a tax abatement that will save the company nearly $2.2 million during the next 10 years.



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