Economic Development Incentives

Isotope maker plans $40M project in Noblesville

May 28, 2014
Andrea Muirragui Davis
Radiopharmaceuticals maker Zevacor Molecular plans to open a $40 million isotope-production facility in Noblesville, creating nearly 50 good-paying jobs within five years.
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Automated systems provider expands downtown

May 22, 2014
Mason King
Open Control Systems LLC is investing $1.6 million to renovate, equip and lease 14,000 square feet of space over two buildings at 905 N. Capitol Ave.
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Tower manufacturer plans 639 jobs in Indiana expansion

May 15, 2014
 IBJ Staff
Nello Corp. Inc., a designer and manufacturer of galvanized steel towers and poles for the wireless industry, plans to move its Fort Worth, Texas, operations to Indiana, the state announced Thursday morning.
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Indiana manufacturer plans $7M expansion

May 8, 2014
 IBJ Staff
Yorktown-based Mursix Corp. on Thursday announced plans for a headquarters expansion that’s expected to create 108 jobs by 2017.
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Interactive Intelligence plans $28M building, 430 hires

May 1, 2014
 IBJ Staff
Local software firm Interactive Intelligence Group Inc. announced Thursday afternoon that it plans to hire 430 employees by the end of 2016 as part of a major expansion of its headquarters.
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Jasper engine firm to hire 235 for new plant

April 30, 2014
 IBJ Staff
Jasper Engine & Transmission Exchange expects to buy, renovate and equip a 220,000-square-foot facility near its headquarters in the southwest Indiana city.
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Japanese manufacturer plans 220 jobs in Mooresville

April 29, 2014
 IBJ Staff
A subsidiary of TOA Industries Co. Ltd. plans to spend $72.1 million to construct and equip an additional 360,000 square feet of manufacturing and warehouse space at its existing facility in Morgan County.
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Pork packer planning to produce 98 positions at Indiana plant

April 21, 2014
 IBJ Staff
Indiana Packers Corp., which makes Indiana Kitchen bacon, said it will spend $2.3 million on a 56,500-square-foot facility on 5.9 acres about 45 miles from Indianapolis.
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German companies pledge to create Indiana jobs

April 18, 2014
Jeff Newman
Coinciding with Gov. Mike Pence’s economic development trip to Germany this week, three German companies agreed to hire more than 100 workers in Indiana.
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San Francisco route off to flying startRestricted Content

April 12, 2014
Kathleen McLaughlin
Indianapolis business travelers pay a premium to shave a few hours and a lot of hassle off their trips to Silicon Valley, and they appear eager to do so. A new nonstop route between Indianapolis International Airport and San Francisco was about three-quarters sold in January and February, the two slowest months for air travel.
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IEDC urging government bets on spec-buildingRestricted Content

April 12, 2014
Kathleen McLaughlin
The Indiana Economic Development Corp. is encouraging local governments to help finance speculative industrial buildings, which could land new businesses but could put at risk hundreds of thousands in taxpayer dollars.
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Cabinet maker plans to hire 262 workers

April 11, 2014
 IBJ Staff
Jasper-based MasterBrand Cabinets Inc. expects to boost the work force and capacity at its Ferdinand operations, which already employ 1,500.
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Ulta targets Greenwood for $51M distribution center, 537 jobs

April 10, 2014
 IBJ Staff
Beauty products maker Ulta Inc. plans to open a fulfillment and distribution center in Greenwood that will employ as many as 537 people by 2018, the Bolingbrook, Ill.-based company announced Thursday afternoon.
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State to work with Pew on economic development

April 9, 2014
Andi TenBarge, The Statehouse File
The Pew Charitable Trusts has named Indiana one of seven states to participate in its 18-month initiative to discover effective business practices for economic development and remaining transparent to the public.
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Indiana found most transparent in study of state data access

April 9, 2014
Bloomberg News
California, the U.S. state with the largest population and budget, offers the least website access to its government spending data, according to a new study. Indiana provided the most information.
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Low-profile, high-volume graphics business growing in Fortville

April 8, 2014
Andrea Muirragui Davis
PlaqueMaker.com plans to invest as much as $3 million to expand its Fortville operations, building and equipping a 42,000-square-foot facility and nearly doubling its staff by the end of 2018.
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Abandoned Indiana factory site could lure Illinois company

April 2, 2014
Associated Press
Harvey, Ill.-based steel processor LB Steel is looking to move to the site and employ about 400 to 450 workers.
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Beck's plans $60M expansion, 100 more workers

April 2, 2014
Andrea Muirragui Davis
Indiana-based Beck’s, the country’s largest family-owned seed company, said the expansion will include research labs, greenhouses, office space, and seed-processing facilities and equipment.
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Beck's Hybrids planning to expand headquarters operation

April 1, 2014
Andrea Muirragui Davis
The growing family-owned seed company had been working with Hamilton County officials on incentives. An economic development announcement with state officials is planned for Wednesday morning.
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Once-promising bioplastics maker fizzles out

April 1, 2014
 IBJ Staff and Bloomberg News
A company that once planned to make Indiana home to the largest bioplastics manufacturing facility in the world is going out of business.
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GE Aviation promises long-term commitment to state

March 26, 2014
Kathleen McLaughlin
GE Aviation chose Indiana for its $100 million plant partly because of the potential for hiring talent from and working on advanced-manufacturing research with Purdue University. The state’s business-friendly environment also played a role.
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GE Aviation plans $92M investment, 200 jobs in first Indiana plant

March 25, 2014
Kathleen McLaughlin
The jet engine plant in Lafayette would be its first production facility in Indiana, and could expand to add hundreds of additional workers.
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City considers whether to revoke 3M tax break

March 24, 2014
Kathleen McLaughlin
Minneapolis-based 3M spent nearly $16 million in 2008 on local buildings and equipment for Aearo Technologies, but hasn’t hit hiring targets set out in a seven-year tax-abatement agreement.
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No-holds-barred tactics lifted developer Ozdemir

March 8, 2014
Cory Schouten
Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.
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Stonegate plans to add 400 workers in expansion

March 4, 2014
Chris O'Malley
The mortgage company plans to invest $6.2 million in new office space in Carmel, at the North Haven office park, helping it double its work force by 2017.
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