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IT firm approved for tax breaks on $29 million project

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The Metropolitan Development Commission of Marion County on Wednesday approved tax abatements related to a nearly $29 million investment that information technology firm Lightbound LLC plans to make in a new data center and equipment.

Lightbound plans to construct the 50,000-square-foot, $24 million data center at 650 W. Henry St. near Kentucky Avenue on the southwest side of Indianapolis.

Further, it plans to spend $4.9 million on new computer hardware, and telecommunications and related information technology equipment.

Lightbound expects the investment will create 35 jobs with an average wage of $24.76 per hour and will retain 32 jobs at an average wage of $22.97 an hour.

The Indianapolis Department of Metropolitan Development estimates the investments will result in an increase to the tax base of about $18.7 million of assessed value.

The nine-year abatements should save Lightbound a total of $2.5 million, the department said.

 

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  • O M G
    And again....here we go. giving money to the rich and taxing the poor

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  1. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

  2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

  3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

  4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

  5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

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