Give Now

Farm Equipment Company Cancels Plans To Build Indiana Headquarters

Krone North America logo

Photo: Krone North America

Krone had projected having about 100 employees at the new facility about 25 miles southeast of Indianapolis.

A farm equipment company has canceled a $12.5 million project for moving its corporate headquarters from Tennessee to central Indiana.

Executives of Memphis, Tennessee-based Krone North America Inc. had announced plans for the new Shelbyville facility during a March 2016 event with then-Gov. Mike Pence. Construction never began as scheduled this past spring for the headquarters that was to include a distribution center, training facility and showroom.

The Indianapolis Business Journal reports Shelby County Development Corp. director Brian Asher said Krone called off the move for business reasons. Asher said Krone has seen a sales decline and was concerned about possible changes in import taxes, farm subsidies and crop insurance.

Krone had projected having about 100 employees at the new facility about 25 miles southeast of Indianapolis.

Want to contact your legislators about an issue that matters to you? Find out how to contact your senators and member of Congress here.

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Business & Economy Stories

Recent Videos

Find Us on Facebook