Steel Dynamics to be part of Electric Works


FORT WAYNE, Ind. (WANE) The Electric Works project at the former General Electric complex in Fort Wayne announced Monday that Steel Dynamics will become one of its tenants.

According to a news release from Electric Works, Steel Dynamics will occupy space in Building 19.

“Since our founding in 1993, our leadership team has been deeply committed to our community and to our people,” stated Mark D. Millett, Chairman, President, and Chief Executive Officer of Steel Dynamics. “At Electric Works, we will be part of a bold economic development initiative that provides the right place to attract and develop talent with the drive, innovation, and dedication that propels Steel Dynamics to the highest standard of operational and financial performance.”

Steel Dynamics’ steel fabrication business, New Millennium Building Systems, will be the primary occupant and will be adding new engineering technology positions and relocating existing positions from the company’s other locations throughout the United States. New Millennium Building Systems plans to occupy the space at Electric Works in the first quarter of 2023.

The company’s Vice President and Treasurer, Rick Poinsatte, said the new scae at Electric Works will be a tech center and innovative space for engineers. They’ll also have a meeting and seminar space for both internal employees and people from outside the company who visit.

SDI is keeping its headquarter on West Jefferson Boulevard, but Poinsatte said they’re growing and needed more space.

They see Electric Works as a great spot to attract and retain new talent.

“We’re trying to attract the best and the brightest, and so when you can offer something that’s special like Electric Works, then we’re able to get a better pool of people, and hopefully we’ll get better and more happy employees Poinsatte said.

Electric Works has been years in the making and involves the redevelopment and reuse of the former General Electric campus, the first phase of Electric Works includes more than 700,000 square feet of space and offers office, innovation, education, healthcare, retail, entertainment, and community uses to create new opportunities for inclusive economic growth.

Jeff Kingsbury is partner with RTM Ventures, the company behind Electric Works. Kingsbury said they’re excited to have Steel Dynamics join as a tenant.

“We’re delighted that Steel Dynamics chose Electric Works as a place for their expansion as they continue to grow,” Kingsbury said. “They’re a really important company to Fort Wayne, but also the state of Indiana.”

Portions of Electric Works, like Fort Wayne Community Schools’ new AMP Lab, will open as early as August. The Union Street Market at Electric Works, which will feature multiple different food and dessert options, is set to open in October.

Kingsbury told WANE 15 they’ll be ready to go, adding that construction is coming right along in order to open on time.

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