Business Weekly GREATER
FORT WAYNE
OCTOBER 4-10, 2013
Daily updates at www.fwbusiness.com
LOCAL NEWS
Growth mode Adaptek to expand into third building
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The Costco way Commitment to employees, customer service helps set the retailer apart BY LINDA LIPP llipp@kpcmedia.com
If there is one key to the success of the Costco Wholesale Corp. store chain, which posted net sales of almost $103 billion for the fiscal year ended Sept. 1, it is in how the company treats its employees. Compensation is a big part of that. Workers at the new Fort Wayne store, which will open Oct. 16, make $20 an hour plus insurance, vacation and other benefits. Supervisors pull down more than $23 an hour, and the base pay for managers is $60,000 a year, said Israel Martinez, a Costco corporate trainer and front-end manager
of the Fort Wayne store. “If we take care of our employees and pay them well, everything else will flow from there,” Martinez said. The company wants its workers to be able to buy their own homes, take good care of their families and live the “American dream,” a philosophy that came straight from Costco founder and longtime CEO Jim Sinegal. “I think that’s what makes us successful,” said Melanie Crysler, who relocated from Detroit to become the general manager of the Fort Wayne store. “Our employees are invested. They don’t just have a job they go to every day. They n
Costco completed its new 130,000-squarefoot Fort Wayne store in just 120 days. ASHLEY LETOURNEAU
See COSTCO on PAGE 21
New headquarters will speed up Franklin product development Lack of space had caused company to use outside vendors BY DOUG LEDUC dleduc@kpcmedia.com
CONTRIBUTED PHOTO
Franklin Electric Co. held an open house at its new headquarters in southwest Allen County Sept. 25.
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INSIDE
Vol. 9 Issue 40
Franklin Electric Co. Inc. has moved into the $38-million world headquarters facility it finished building this summer near Fort Wayne International Airport and is doing all of its research and devel-
opment at its new engineering center of excellence. The company announced in early September that it had completed relocating from its former Bluffton headquarters that it had outgrown. A few weeks later, it held an open house at the new 118,800-square-foot headquarters
on a 100-acre site at 9255 Coverdale Road. The company makes submersible pumps and motors for the fueling and water-systems industries. More than 20 of its products move and manage water for the new facility’s geothermal heating n
See FRANKLIN on PAGE 22
Local news .........3-7, 13-15
LOCAL NEWS
LOCAL NEWS
BizView .............................. 8
A helping hand
Studio opens
Trine program works with businesses to make them better
Jiu-jitsu instructor’s passion leads to new FW facility
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Banking & Finance.......... 9 People on the Move ..... 16 Top List ............................ 17 BizLeads..................... 18-20