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Logistics firm s2f investing $10.8M in Plainfield facility

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Startup logistics firm s2f worldwide LLC will invest $10.8 million to set up its headquarters and distribution center in Plainfield, creating 250 jobs by 2013.

State economic development officials announced the company’s plans early Monday.

As IBJ reported in January, s2f has a number of high-profile local investors including wireless phone distributor Brightpoint Inc., Conseco Inc. founder Stephen Hilbert, Lewis Wagner law firm co-founder Robert Wagner, and Michael “Mickey” Maurer, founder of National Bank of Indianapolis and co-owner of IBJ Media. Prominent attorney Lacy Johnson is an investor and chairman of the firm’s board.

The company, a minority business enterprise that offers a range of transportation management, warehousing and distribution services, will lease a 200,000-square-foot building near Indianapolis International Airport.

Other investors include Stephen Simon, son of mall pioneer Herb Simon and the managing member of Simon Equity Partners; casino operator Jack Binion; Earl Scott, co-founder of the Maryland telecom infrastructure firm DYNIS LLC; and Frank White Jr., a Washington, D.C.-based investor who founded an IT firm focusing on the intelligence community.

s2f is led by CEO Randall Lewis, who last August left WellPoint Inc., where he was executive vice president and chief compliance officer.

The new firm will serve the automotive, chemical, government, life sciences, mass retail, technology and telecommunications sectors, using Brightpoint’s licensed technology.

It plans to begin hiring warehouse workers and supervisors next month; operations are expected to commence during the second quarter.

"Plainfield's infrastructure makes it an ideal location for s2f. We look forward to bringing jobs to our state and becoming an engaged community partner," Lewis said in a prepared statement.

The Indiana Economic Development Corp. offered s2f worldwide as much as $2 million in performance-based tax credits and up to $45,000 in training grants. The town of Plainfield will consider additional property tax abatements at the request of the Hendricks County Economic Development Partnership.

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  • S2F
    The proper ID is S2F not s2f. I know because I air-crewed many hours between 1954 and 1962 NAS Gross Ile MI
    Would you have Info on David D Jackson who has compiled history on all exixting Trackers or Tracers and all S2 frames
    My e-mail is hankay@wowway.com. I have some 8mm footage of S2F flight operations

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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