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ADM planning $29M expansion on city’s southeast side

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ADM Milling Co. is planning a $29 million expansion at its plant on Indianapolis’ southeast side that includes construction of a six-story building and new milling equipment.

The subsidiary of Decatur, Ill.-based Archer Daniels Midland Co., a global food-processing and commodities-trading corporation, is seeking a four-year personal and property tax abatement from the city to help offset the cost.

The city’s Metropolitan Development Commission will consider the abatements Wednesday.

ADM said the expansion will help it retain 53 workers at its local operations at 845 Bethel Ave.

ADM says it will spend nearly $11 million to build the facility to increase its wheat-processing production from 900 tons daily to more than 1,300 tons.

The company also plans to invest $18 million in new manufacturing equipment to clean, sift, roll and mill wheat.

As a result of the investments, the ADM mill will become one of the largest flour mills in North America, according to a city filing.

MDC staff recommends approval of the four-year abatement. The company should expect to save a combined $519,000 in personal and real property taxes during the abatement period and pay about $336,000.

The new building and equipment should add more than $11 million to Indianapolis’ tax base, the city said.
 

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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