Indianapolis Airport Authority approves Foreign Trade Zone agreements with True Brands and IWIS Drive Systems

The Indianapolis Airport Authority Board convened on April 18, 2025, to discuss several key agenda items, focusing on agreements that aim to enhance the airport's operational capabilities and economic competitiveness.

The meeting commenced with a review of the airport's operational audit, highlighting the effective work of Orvis, the auditing firm. Board members expressed appreciation for the insights gained from the audit, which serves as a valuable resource for understanding airport operations.

Following this, the board moved to consider a Foreign Trade Zone (FTZ) operator agreement with True Fabrications, Inc., also known as True Brands. This agreement is intended to facilitate access to the federal FTZ program for their Midwest facility in Greenfield, Indiana. The facility, which spans 202,000 square feet and employs approximately 100 people, is expected to contribute significantly to the local economy with an annual payroll exceeding $4 million. The board unanimously approved the motion, with grantee fees anticipated at $3,500 per month.

Next, the board reviewed another FTZ operator agreement with IWIS Drive Systems LLC, a global manufacturer of precision chain systems. This agreement pertains to a newly constructed facility in Whitestown, Indiana, which is over 104,000 square feet and employs 56 full-time staff. The facility's payroll is also projected to exceed $4 million annually, with grantee fees set at $2,500 per month. The board expressed confidence in the benefits of these agreements, particularly in light of current international trade uncertainties.

The meeting continued with a proposal for a service agreement contract with Denison Parking Inc. for valet services at the Indianapolis International Airport. This agreement will manage the airport's valet operations, including bottled water vending and future hotel valet services. The board discussed the importance of these services in enhancing passenger experience and operational efficiency.

In conclusion, the Indianapolis Airport Authority Board's meeting underscored a commitment to fostering economic growth through strategic partnerships and operational improvements. The unanimous approvals reflect a proactive approach to maintaining the airport's competitive edge in the region. Further discussions and follow-up actions are anticipated as these agreements are implemented.