Economic Development Incentives

Wind-turbine company moving into Evansville plant

September 13, 2011
Associated Press
A company that makes wind-turbine blades says it will start its first U.S. facility at a former refrigerator plant in Evansville that Whirlpool Corp. closed last year. The business said it could employ up to 400 workers in the area by 2014.
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Rail firm says it won’t reach 650-jobs goal in Muncie

September 9, 2011
Progress Rail Services, which said last October that it would create up to 650 jobs in Muncie by 2012, now expects to employ just 250 people at the plant by the end of next year, according to a magazine.
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Trailer manufacturer adding 200 jobs in northeastern Indiana

September 9, 2011
Howe-based Cruiser RV LLC will begin hiring this month as part of an $850,000 expansion to add a new production line in nearby LaGrange.
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Medical manufacturer plans Fishers expansion

September 7, 2011
 IBJ Staff
Tridien Medical, a Coral Springs, Fla.-based manufacturer of therapeutic support surfaces, plans to expand its plant in Fishers, adding up to 40 new jobs by 2013, including 25 in the next year.
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Mayoral foes see different paths to boost businessRestricted Content

September 3, 2011
Francesca Jarosz
Both candidates for Indianapolis mayor are touting a host of ways to improve the city's business climate. Incumbent Greg Ballard champions improving the city's amenities. Challenger Melina Kennedy focuses on recruiting entrepreneurs to the city.
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Mortgage firm plans local expansion, 140 jobs

August 30, 2011
 IBJ Staff
Royal United Mortgage LLC, an Indianapolis-based mortgage firm, announced plans Tuesday to expand its local operations, adding up to 140 employees by 2013.
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Air tool manufacturer plans Indiana expansion

August 30, 2011
 IBJ Staff and Associated Press
Sullair Corp., which makes air compressors and other air tools, says it will expand its headquarters in northern Indiana and expects to add up to 113 jobs in the next few years.
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Illinois facing jobs assault from other states

August 23, 2011
Associated Press
Indiana is leading a push by other states to chip away at Illinois' vulnerable economic image and lure jobs away.
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Cable maker adding 40 jobs at Carmel headquarters

August 18, 2011
Belden Inc. said it will spend $3.1 million to lease and equip a new 30,000-square-foot facility in Carmel, where its Americas division is headquartered.
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Auto stampings plant plans to add 75 jobs in Muncie

August 18, 2011
Indiana Stampings LLC plans to add 75 jobs by 2013 as part of a $7.3 million expansion that includes leasing and equipping a 155,000-square-foot facility.
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Freight carrier plans to expand, add 183 local jobs

August 17, 2011
Thomasville, N.C.-based Old Dominion Freight Line said a $22 million investment will be used to upgrade its existing 122,340-square-foot facility on the southwest side.
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City to give Angie's List $4.6M to buy properties for expansion

August 16, 2011
Kathleen McLaughlin
Money for real estate acquisition is a major component of the $7.1 million in incentives the city of Indianapolis offered Angie's List Inc. for expanding its headquarters campus to accommodate 500 more employees.
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Angie's List plans 500 jobs in headquarters expansion

August 16, 2011
 IBJ Staff
Angie’s List Inc.,  the fast-growing company that provides customer-review services in 200-plus markets, plans to expand its Indianapolis headquarters, creating up to 500 new jobs by 2015, it announced Tuesday morning.
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Westfield company wants to add 178 jobs in Jeffersonville

August 10, 2011
J.K. Wall
A subsidiary of Westfield-based Revere Industries LLC could add 178 jobs in Jeffersonville in southern Indiana if it wins approval of a property tax abatement.
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City cracking down on noncompliant tax breaks

August 5, 2011
Cory Schouten
The city of Indianapolis is seeking to overturn property tax breaks for more than 20 companies that continued to apply for abatement even though they were unable to meet job commitments.
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Franklin Electric moving HQ, 220 jobs to Fort Wayne

August 4, 2011
 IBJ Staff and Associated Press
Franklin Electric Co. Inc. says it will move its corporate headquarters from Bluffton to a $25 million development in Fort Wayne by 2013. The company has 220 employees and expects to add 35 more by 2014.
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Railroad plans Gary redevelopment, 251 jobs

August 3, 2011
 IBJ Staff
Canadian National Railway Co. on Wednesday announced plans to relocate part of its operations from Markham, Ill., to northwest Indiana.
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Navistar adding, eliminating factory jobs in Indiana

August 2, 2011
 IBJ Staff
Navistar International Corp. announced plans Tuesday to create up to 400 factory jobs in northern Indiana while eliminating 250 manufacturing positions in the eastern part of the state.
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Packaging manufacturer plans to expand, add 80 jobs

August 2, 2011
Indianapolis-based DGP Intelsius LLC, a manufacturer and distributor of temperature-controlled packaging, announced on Tuesday morning that it plans to add 80 jobs by 2014 as part of an $870,000 expansion.
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Indianapolis eyes TIF surplus to shore up city coffersRestricted Content

July 23, 2011
Francesca Jarosz
The city is considering ways to channel money captured for economic development in some of its 22 tax-increment-financing districts to units such as libraries and city-county government.
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Local IT consultancy plans to add 200 jobs

July 14, 2011
Knowledge Services, an Indianapolis-based information technology firm, plans to lease additional office space on the city’s north-east side to make way for 200 more workers by 2015.
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Cities weigh new law allowing bigger tax breaks

July 13, 2011
Francesca Jarosz
Communities across the state are trying to decide how they will use a new law that provides them more flexibility to employ economic development incentives but could increase pressure to give companies more tax breaks.
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Navistar seeks more tax breaks after old deal failed

July 6, 2011
Scott Olson
The company, which had planned to close its Brookville Road plant, now is set to create 250 new jobs by investing $19 million in new equipment. It previously received $18 million in tax breaks and repaid $5 million to the city.
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Bush Stadium fixup fans tax tensionsRestricted Content

June 25, 2011
Francesca Jarosz
The city plans to tap a taxing district downtown to help pay for the Bush Stadium renovation, rekindling concern among some elected officials and taxing experts that the Mayor’s Office is using the massive district to fund whatever special city needs crop up.
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Crystal products maker plans expansion, 41 jobs

June 23, 2011
 IBJ Staff
St. Regis USA Inc., a manufacturer of hand-etched and hand-painted glass and crystal products, plans to expand its operations in Indianapolis, creating up to 41 new jobs by 2014, the company said Thursday.
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