Economic Development Incentives
Warehouse company expands in Franklin
February 9, 2012
Kathleen McLaughlinA refrigerated warehouse company plans to expand its facility in Franklin, investing $26 million and creating as many as 50
jobs by 2014.
MoreToyota plans to add 400 jobs in southwest Indiana
February 8, 2012
IBJ Staff and Bloomberg NewsToyota Motor Corp. said Wednesday afternoon it would add 400 jobs in Princeton after consolidating production of its Highlander
mid-size SUV.
MoreLotion maker relocating operations to Indianapolis
January 27, 2012
Scott OlsonIndianapolis-based New Sunshine, which is owned by a group led by former Conseco Inc. CEO Stephen Hilbert, said it will add
180 jobs by moving a manufacturing facility from Tempe, Ariz.
MoreBill aims to lift upside for 21st Century fund
January 21, 2012
Kathleen McLaughlinRepublican State Sen. Brent Waltz has filed a bill that would require the Indiana Economic Development Corp. and businesses
seeking awards from the 21st Century fund to match the state’s money with outside capital at a four-to-one ratio.
MoreCity set to cancel tax abatement for medical device firm
January 18, 2012
Polymer Technology Systems said in 2007 that it would make a $3 million investment at its operation on Zionsville Road and
create 110 jobs.
MoreDrugmaker plans 234 Terre Haute jobs by 2016
January 10, 2012
IBJ Staff and Associated PressA California-based pharmaceutical company says it expects to hire 234 people by 2016 at a new operation on the site of a former
Pfizer Inc. drug plant near Terre Haute.
MoreColumbia City company plans to add 106 jobs
January 4, 2012
Impact CNC, a production machining company, plans to add the jobs in northeastern Indiana as part of a $12.8 million expansion.
MoreUPDATE: Daniels places Litebox rollout on his 'Oops List'
December 30, 2011
Associated PressIndiana Gov. Mitch Daniels is placing his early endorsement of a company that plans to make giant mobile LED screens on a
list of mistakes he keeps in his office.
MoreState's job-creation agency claims record year
December 30, 2011
IBJ StaffThe Indiana Economic Development Corp. announced Friday that it secured job commitments from a record 219 companies in 2011,
an increase from 200 companies in 2010.
MoreMarketing firm plans downtown expansion, move
December 29, 2011
IBJ StaffIndianapolis-based marketing firm TrendyMinds plans to more than double its staff in the next two years, adding up to 20 jobs
as it moves into a former labor union hall downtown.
MoreArea firms pledge 365 jobs
December 21, 2011
Francesca JaroszTwo Central Indiana firms will receive tax incentives for growing their operations by a combined 365 workers by 2015, Indiana
economic development officials announced Wednesday.
MoreRolls-Royce employees begin move to downtown campus
December 20, 2011
Francesca JaroszRolls-Royce Corp. began moving employees to its new downtown office building on Monday—a shift an IUPUI analyst projected
could generate $510 million in annual economic activity.
MoreCME Group says it's staying in Illinois
December 16, 2011
IBJ Staff and Associated PressIllinois Gov. Pat Quinn on Friday signed tax-break legislation designed to keep the Chicago Mercantile Exchange and Sears
Holding Co. from fleeing the state. CME had talked to Indianapolis officials about moving to central Indiana.
MoreCeladon plans expansion, $3.4M office building
December 16, 2011
Scott OlsonCeladon Group Inc. is seeking tax abatements from the city to build a $3.4 million office building at its far-east-side headquarters.
The local trucking firm plans to hire 100 more employees by 2016.
MoreIllinois tax breaks could trigger demand for more
December 13, 2011
Associated PressUnder the threat of losing thousands of jobs to other states, Illinois lawmakers on Tuesday approved a tax-relief package
meant to keep Sears and the Chicago Mercantile Exchange from leaving. The state's governor is expected to sign it.
MoreIllinois Senate considering CME Group tax breaks
December 13, 2011
Associated PressThe Senate has approved similar legislation in the past, so the latest version is likely to get the chamber's stamp of approval.
Indianapolis and, likely, Carmel have been trying to lure the company to Indiana.
MoreIllinois lawmakers under gun over CME tax breaks
December 12, 2011
Bloomberg NewsLawmakers in Illinois, where major employers are threatening to leave the state if their tax burden isn’t reduced, return
to Springfield on Monday to consider what they probably can’t afford to do.
MoreCity calls off Haverstick, Redcats tax incentives
December 8, 2011
Scott OlsonTwo Indianapolis companies that received tax-abatement agreements from the city in 2007 have had the incentives canceled for
failing to meet investment and employment goals.
MoreCarmel also likely competing for CME Group
December 5, 2011
Scott OlsonA letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange's description says the Indianapolis
suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
MoreRolls-Royce tax-incentives deal set for hearing
December 5, 2011
Cory SchoutenA plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and
move thousands of office workers into downtown's Faris campus is scheduled for an initial hearing Wednesday.
MoreFood company closing in Indiana has unpaid bills
December 1, 2011
Associated PressAn organic food company that is closing its eastern Indiana preparation center was offered up to $3.5 million in state tax
credits to open its plant, but it owes more than $31,000 in property taxes and sewer bills.
MoreSEC accuses Positron CEO of misleading investors
November 28, 2011
Chris O'MalleyRegulators allege CEO Patrick G. Rooney diverted millions of dollars from a hedge fund into the struggling Fishers company
without investors' knowledge.
MoreStonegate Mortgage plans to add 45 workers in '11
November 19, 2011
IBJ StaffThe Indianapolis-based firm has pledged to add a total of 300 workers by 2015.
MorePackaging company plans to add 63 jobs in Lawrenceburg
November 18, 2011
Toronto-based IntraPac said it will move operations from New Jersey to the southeastern Indiana town and build an 80,000-square-foot
plant that should open in February.
MoreLogistics company plans 315 jobs in North Vernon
November 14, 2011
IBJ StaffExegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided
distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.
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Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.
The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."