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Economic Development Incentives
Oesterle sells land to Angie's List, reaping millions
May 18, 2013
Chris O'MalleyAngie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property
for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s
the property, at well above its assessed value.
MoreManufacturer planning expansion, 100 jobs in Boone County
May 13, 2013
IBJ StaffCNH Parts & Service, the product-support division of international manufacturing giant CNH Global NV, plans a $13.3 million
expansion in Lebanon.
MoreDevelopment may spawn TIF tug of war
May 11, 2013
Kathleen McLaughlinThe developer of a $17 million mixed-use project proposed for Broad Ripple is expected to seek a city subsidy—support
that at least one City-County councilor believes should be reserved for neighborhoods starved for investment farther south.
MoreBroad Ripple telecom firm plans big growth, 183 jobs
May 10, 2013
Mason KingFounded in 2007 by Purdue University students, Weeks Communications has established a new headquarters in Broad Ripple and
plans to invest $4.1 million as it aggressively hires new employees.
MoreReview finds no conflict in state's deal with Mainstreet
May 7, 2013
IBJ Staff and Associated PressGov. Mike Pence asked the Indiana Economic Development Corp. in early April to review its decision to grant $345,000 in performance-based
economic incentives to Mainstreet Property Group LLC, a company started by a top Republican lawmaker and his son.
MoreSubaru planning major expansion in Indiana
May 7, 2013
IBJ Staff and Associated PressSubaru plans to expand its Lafayette factory and add hundreds of workers to build the Impreza small car there, a source briefed
on the matter says.
MoreGovernor taps ex-WellPoint CEO Braly for IEDC board
May 7, 2013
J.K. WallThe appointment is the first high-profile post that Braly, 51, has accepted since she was ousted from the top spot at the
Indianapolis-based health insurer in August.
MoreGrand Design RV plans 500 jobs in Elkhart County
April 18, 2013
Associated PressGrand Design RV in Middlebury on Thursday said it plans to locate its headquarters and manufacturing operations in the Elkhart
County town about 30 miles east of South Bend.
MoreRV parts maker plans 800 jobs, new HQ in Indiana
April 9, 2013
Associated PressNorthern Indiana's recreational vehicle industry is getting a boost with the relocation of RV components producer Drew
Industries Inc. to Elkhart and its pledge of up to 800 new jobs by 2017.
MoreIEDC deal with Mainstreet put on hold by Pence
April 8, 2013
Associated PressGov. Mike Pence asked the Indiana Economic Development Corp. on Monday to review its decision to grant $345,000 in economic
incentives to a company started by a top Republican lawmaker and his son.
MoreHouse sends governor IEDC transparency bill
March 26, 2013
The Statehouse FileThe state House of Representatives sent Gov. Mike Pence a bill Tuesday that requires the Indiana Economic Development Corp.
to make job-creation reports transparent to taxpayers and policy makers.
MoreCeladon, state plan major jobs announcement
March 25, 2013
IBJ StaffIndianapolis-based trucking carrier Celadon Group Inc. and the state are set to make an announcement Tuesday morning "regarding
hundreds of new jobs." A source familiar with the deal said the announcement involves a previously announced driver education
center.
MoreMeat distributor plans plant, 80 jobs in Hancock County
March 13, 2013
Chicago-based Peer Foods Group Inc., a meat producer and distributor, said Wednesday that it plans to create 80 jobs by 2014
as part of a $5.5 million expansion into Hancock County.
MoreMedical device maker moving to Noblesville, adding jobs
March 12, 2013
Fishers-based Nexxt Spine LLC, a manufacturer of spinal implants, is consolidating operations and moving its headquarters
and manufacturing facility to Noblesville.
MoreIndianapolis software firm plans to add 95 jobs by 2016
March 12, 2013
Tinderbox said it is boosting its work force as part of a $540,000 expansion of its cloud-based IT business.
MoreCarmel auto-dealer lender plans to add 169 workers
March 4, 2013
J.K. WallCarmel-based NextGear Capital plans to add 169 jobs at a new office in Carmel, the company announced Monday morning.
MoreOhio logistics company adding 25 Indy jobs
February 27, 2013
IBJ StaffAn Ohio-based trucking logistics company plans to expand its operations in Indianapolis and add up to 25 jobs this year, primarily
in sales.
MoreIndiana Senate OKs business agency disclosure bill
February 26, 2013
Associated PressSenators voted 49-1 Tuesday in favor of requiring the Indiana Economic Development Corp. to prepare an annual public report
on tax incentives provided to businesses and the number of jobs created by their projects.
MoreCity mulls creation of 'high tech district' for ExactTarget
February 25, 2013
Cory SchoutenExactTarget Inc. could get a 10-year tax break on an unspecified investment in new equipment if the City-County Council agrees
to designate several parcels tied to the Indianapolis-based company as a "high technology district."
MoreTax break would barely put dent in Speedway's to-do list
February 16, 2013
Anthony SchoettleThe Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to
be in the top tier of U.S. racing venues, sports business experts said.
MoreStruggling Greenwood biotech firm finds buyer
February 7, 2013
IBJ StaffElona Biotechnologies Inc., which has been struggling to repay Greenwood for more than $8 million in economic development
incentives, says it has solution to its financial problems.
MoreLocal tool supplier plans to expand, add 20 jobs
February 5, 2013
Indianapolis-based Hahn Systems LLC said it will add 20 jobs by 2016 as part of a $900,000 expansion that includes purchasing
and equipping a 27,000-square-foot facility.
MoreLife sciences consultancy plans to expand, add 38 jobs
January 29, 2013
Indianapolis-based Pearl Pathways, founded by two former Eli Lilly employees, plans to move into new space in March and add
the jobs by 2016.
MoreDivision of Carmel firm plans 300 jobs in Fort Wayne
January 29, 2013
Associated PressAccelerated Tanks and Trailers, a division of a Carmel-based company, plans to open a Fort Wayne manufacturing plant that
could bring about 300 new jobs to northeast Indiana by 2016.
MoreCarmel tech consultant plans expansion, 36 jobs
January 24, 2013
Allegient LLC said it will add the jobs by 2017 and expand its Carmel headquarters by 4,000 square feet.
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First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.
My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.
That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.
TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.
The Prestige was an awesome movie.