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Insurance broker growth part of Fort Wayne project

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An insurance brokerage will relocate its Fort Wayne headquarters to a new $71 million downtown mixed-use project and create 115 jobs by 2017, Mayor Tom Henry said Monday.

Ash Brokerage Corp. will move into an eight-story headquarters in a development that also will include 21,600 square feet of retail space, a parking garage and about 100 condominiums, apartments and townhomes, Henry said.

Ash will invest $19.6 million to move about 200 employees from its current headquarters in the city to the new site and add 115 sales, business administration and information technology jobs by 2017 with an average annual wage of $60,000 plus benefits, Henry and the Indiana Economic Development Corp. said.

The IEDC offered Ash $4.9 million in conditional tax credits, the agency said.

The city of Fort Wayne is investing $19.5 million in the project with an incentive package that includes land acquisition, site preparation, tax abatement and building the parking garage.

Hanning & Bean Enterprises is developing the residential portion of the project.

Construction is expected to begin in March 2014 and take nearly two years to complete.

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  1. The deductible is entirely paid by the POWER account. No one ever has to contribute more than $25/month into the POWER account and it is often less. The only cost not paid out of the POWER account is the ER copay ($8-25) for non-emergent use of the ER. And under HIP 2.0, if a member calls the toll-free, 24 hour nurse line, and the nurse tells them to go to the ER, the copay is waived. It's also waived if the member is admitted to the hospital. Honestly, although it is certainly not "free" - I think Indiana has created a decent plan for the currently uninsured. Also consider that if a member obtains preventive care, she can lower her monthly contribution for the next year. Non-profits may pay up to 75% of the contribution on behalf of the member, and the member's employer may pay up to 50% of the contribution.

  2. I wonder if the governor could multi-task and talk to CMS about helping Indiana get our state based exchange going so Hoosiers don't lose subsidy if the court decision holds. One option I've seen is for states to contract with healthcare.gov. Or maybe Indiana isn't really interested in healthcare insurance coverage for Hoosiers.

  3. So, how much did either of YOU contribute? HGH Thank you Mr. Ozdemir for your investments in this city and your contribution to the arts.

  4. So heres brilliant planning for you...build a $30 M sports complex with tax dollars, yet send all the hotel tax revenue to Carmel and Fishers. Westfield will unlikely never see a payback but the hotel "centers" of Carmel and Fishers will get rich. Lousy strategy Andy Cook!

  5. AlanB, this is how it works...A corporate welfare queen makes a tiny contribution to the arts and gets tons of positive media from outlets like the IBJ. In turn, they are more easily to get their 10s of millions of dollars of corporate welfare (ironically from the same people who are against welfare for humans).

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