FORT WAYNE, Ind. (Fort Wayne's NBC) - A company that has called Allen County home for three-quarters of a century will begin a new era with a move several miles south to the Electric Works campus in Fort Wayne.
Do it Best Corp. is the largest privately held company in the state of Indiana and has long been a staple of the New Haven economy.
The move will have a big impact there, as well as on the Electric Works development.
"While I am saddened by the news that Do It Best, a great corporate resident of New Haven since 1948, is moving to Electric Works, I am optimistic about the future of the entire Fort Wayne Region of which New Haven is proud to be a big part of," New Haven Mayor Steve McMichael said.
Indiana Gov. Eric Holcomb, Fort Wayne Mayor Tom Henry and other local regional and state leaders joined Do it Best Corp. CEO Dan Starr and representatives of RTM Ventures, the development team behind Electric Works, in making the announcement Thursday.
The letter of intent calls for Do it Best Corp. to occupy almost 200,000 square feet of space on multiple floors in Building 26 on the project’s West Campus, with the ability to add up to 20,000 square feet more if needed for expansion.
In addition to providing the company’s employees a more collaborative, open and efficient work environment, officials said that Electric Works will strengthen Do it Best’s ability to retain and attract skilled talent from across the country in an increasingly multi-generational labor market.
“Being at Electric Works will help us be an employer of first choice, retaining and attracting top multi-generational talent not only from here in Fort Wayne, but also on a broader scale,” Starr said. “It enables us to keep our roots in the community we’ve called home for 75 years, while at the same time positioning us for a bright future.
“And, by playing a central role in one of the largest commercial renovation projects taking place anywhere in the country,” Starr added, “it aligns well with our core business and with our desire to help make the communities we’re in better places to live, work, and play.”
Fort Wayne's NBC News reporter Jeff Neumeyer spoke with community and business leaders about the move. His reports will air at 5 and 6 p.m.