Economic Development Incentives

Shelbyville tech park keeps tax incentives

February 5, 2010
Kathleen McLaughlin
State officials are giving Shelbyville's struggling Intelliplex business park another chance to use tax incentives to land new companies and high-paying jobs.
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City of Greenwood might fund launch of insulin makerRestricted Content

January 30, 2010
Kathleen McLaughlin
Greenwood-based Zimmerman Biotechnologies LLC hopes to become the first company in the United States to make generic insulin, a long-awaited development in diabetes treatment. The Greenwood Common Council on Feb. 1 will consider an $8.4 million deal that would finance construction of an insulin factory, as well as help Zimmerman with FDA-approval and equipment expenses.
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Mobile lab maker Biologics to create 50 jobs in Brownsburg

January 29, 2010
 IBJ Staff
A startup that makes mobile laboratory and manufacturing facilities will locate its headquarters, design and manufacturing operations in Brownsburg, creating at least 50 jobs by 2013.
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Bicycle-components manufacturer adding 105 jobs

January 27, 2010
Zipp Speed Weaponry said it will create 105 jobs by 2013 and invest $12.4 million in a new manufacturing plant in Indianapolis to make its high-end bicycle components.
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EnerDel hopes to hire 1,100 at new manufacturing plant

January 21, 2010
Peter Schnitzler
Lithium battery-maker will get incentives worth $53.1 million for expansion into Hancock County.
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Finish Line forfeits incentive deal

January 20, 2010
Cory Schouten
Mall retailer The Finish Line Inc. has agreed to forfeit a potentially lucrative tax-abatement deal because it won't be able to meet a 2008 promise to create almost 200 jobs and invest $24 million at its Indianapolis headquarters.
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EnerDel in line for $3 million grant

January 20, 2010
Kathleen McLaughlin
Battery maker EnerDel could land $3 million in federal disaster-recovery money that would help bring 200 more jobs to its facilities on the north side of Indianapolis and in Noblesville.
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Biotech firm plans $28M Greenwood plant

January 19, 2010
Greenwood pharmaceutical firm Elona Biotechnologies plans to build a $28 million production facility and create 70 jobs to help develop a cheaper form of insulin that could gain significant market share.
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City leaders getting aggressive about recouping tax breaks

January 14, 2010
Scott Olson
Indianapolis Mayor Greg Ballard said the city expects to recover $5.5 million from companies that failed to meet job requirements. The city will use the money to fund economic development, convention, tourism and education efforts.
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Elkhart County OKs tax break for electric car maker

December 23, 2009
 IBJ Staff and Associated Press
Hard-hit Elkhart County could become home three electric vehicle manufacturers if a Norwegian company chooses northern Indiana as the site for a new factory.
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Delphi to add 190 jobs in Kokomo

December 18, 2009
 IBJ Staff
Delphi Corp. brought some good news to the beleaguered city of Kokomo on Friday, announcing plans open a production facility there, creating about 190 jobs by 2014.
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IT firm officially announces plans to create 200 jobs

December 15, 2009
Scott Olson
Executives from BC Forward, Indianapolis’ largest computer consulting firm, said Tuesday the company will get even bigger, with the addition of 200 jobs by 2012.
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IT firm receives abatement for job-growth plans

December 2, 2009
Indianapolis’ largest computer consulting firm on Wednesday received property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.
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Trailer maker plans to add 100 jobs in Peru

December 2, 2009
 IBJ Staff
Peru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs by 2011, the Indiana Economic Development Corp. announced Wednesday morning.
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Local IT consulting firm plans to add 200 workers

December 1, 2009
Scott Olson
Indianapolis' largest computer consulting firm is seeking property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.
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Frozen-food firm plans to add 350 jobs at New Albany plant

November 10, 2009
 IBJ Staff
New Albany-based Kemper Foods International LLC announced Tuesday morning that it will expand its food-production center in southeast Indiana, creating more than 350 new jobs by 2012.
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Military firm could create 500 jobs at former chemical site

November 5, 2009
 IBJ Staff and Associated Press
Telic Corp., a developer and manufacturer of United States military equipment, announced Thursday it will invest more than $1.2 million in the former Newport Chemical Depot in western Indiana, creating up to 500 jobs.
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Grill maker to locate HQ in Indiana, hire 300

October 28, 2009
 IBJ Staff
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
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New IT firm to create 400 jobs in Kokomo

October 28, 2009
 IBJ Staff
Zuna Infotech will locate in Kokomo's Inventrek Technology Park, a high-tech business incubator and state-certified technology park.
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Controversial downtown project to get tax abatement

October 7, 2009
Scott Olson
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial public-private plan to redevelop a vacant downtown office building.
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Logistics firm expanding headquarters in Greenwood

October 6, 2009
Greenwood-based Avram Worldwide said today that it will expand its headquarters and distribution operations in the city, and plans to create 78 jobs by 2013.
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Carmel company plans to expand, add employees

September 28, 2009
Dealer Services Corp. announced Monday morning that it plans to create up to 60 jobs by the end of 2012 and invest $6.4 million in its Carmel headquarters.
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Indianapolis Economic Development Inc. boasts job-creation success

September 19, 2009
 IBJ Staff
In the worst recession since the Great Depression, it must be difficult to broker business expansions. But IEDI's making no excuses for the city’s job creation and retention figures. In fact, it's touting them.
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Commission OKs Ameriplex, Rexnord tax abatements

September 16, 2009
Scott Olson
The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for a mammoth development known as World Connect at AmeriPlex.
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Kansas City out of running for Harley-Davidson plant

September 1, 2009
 IBJ Staff
Central Indiana’s chances for landing a Harley-Davidson motorcycle plant have been improved by the elimination of Kansas City from the list of potential sites.
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