A Greenwood aerospace parts manufacturer is delaying a building expansion project for the second time, and construction won’t start until next year.
L&E Engineering won’t get started on the 23,000-square-foot addition to its building this year, which would double the size of the plant at 254 Graham Road.
The company told city officials that business hasn’t picked up as quickly as anticipated, so the project is being held up. L&E already has hired about 10 new employees and started adding equipment, but the expansion has not started, said Chad Sweeney, a development director with Indianapolis-based firm Ginovus that is representing L&E.
The Greenwood City Council granted L&E, a division of Ohio-based Ferco Enterprises, a tax break for the project in last year. The $3.7 million expansion was expected to create 40 new jobs.
The city council previously granted an extension in January to the end of the year after the company wasn’t able to get building permits in time to start construction by this summer.
Council members requested the company give quarterly updates. The council will vote on whether to grant the delay in the tax break at its next meeting.