Economic Development Incentives

Review recommends stronger oversight of state contractor

November 1, 2013
 IBJ Staff and Associated Press
An independent review of Elevate Ventures found the state contractor needs more oversight even though it is "substantially compliant with its investment and operational requirements,” Indiana Gov. Mike Pence's office said Friday.
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Illinois manufacturer to move headquarters to Indiana

October 23, 2013
Tec Air Inc. plans to transfer its current workforce of about 150 employees to its new headquarters and hire about 100 more by 2016.
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Indiana working poor highlighted in pair of studies

October 20, 2013
Associated Press
The Kaiser Family Foundation found that 182,000 residents fall into a health insurance coverage GAP, and a jobs study found almost half of Indiana's fast food workers are also receiving public assistance.
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Auto parts maker shifting work from Michigan to Indiana

October 9, 2013
Associated Press
Quebec-based Exo-s US says it will spend nearly $7 million on the factory in the LaGrange County town of Howe. It expects to open the factory next year and hire up to 250 workers by 2016.
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Two manufacturers target Indiana city for expansion

October 8, 2013
 IBJ Staff
The Indiana Economic Development Corp. announced two economic development deals Tuesday morning that will bring more than 200 jobs to Whitley County in northern Indiana.
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UPDATE: Cabinet company to hire 309 in Connersville

October 4, 2013
Associated Press
A cabinet company announced Friday that it will hire more than 300 people over five years at a vacant former auto parts plant in eastern Indiana.
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Pallet manufacturer plans 115 jobs in Indiana

October 1, 2013
Associated Press
Indiana-based manufacturer Calumet Pallet Co. plans to expand by spending $2.7 million to buy and equip a new facility in northern Indiana.
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Auction lands $2.1 million for Elona Biotech assets

September 27, 2013
 IBJ Staff
Elona went into receivership in June after Greenwood officials filed a foreclosure lawsuit against the firm. The company failed after receiving more than $8 million in economic development incentives from the city over the past three years.
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Insurance broker growth part of Fort Wayne project

September 23, 2013
Associated Press
An insurance brokerage will relocate its Fort Wayne headquarters to a new $71 million downtown mixed-use project and create 115 jobs by 2017, Mayor Tom Henry said Monday.
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Fishers plans new development on train-station site

September 21, 2013
Andrea Muirragui Davis
Incentive deals are on the table to keep two high-potential businesses in Fishers, and the town is poised to pull the trigger on redevelopment of the Fishers Train Station property—where one of the firms could occupy third-floor office space.
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City votes to end tax break for tech staffing firm

September 19, 2013
Kathleen McLaughlin
The Metropolitan Development Commission voted Wednesday to cancel a tax abatement for Indianapolis-based tech staffing firm BCForward, since it didn't hit job-creation targets laid out in a 2009 economic development agreement.
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City set to end tax break for tech staffing firm

September 18, 2013
Kathleen McLaughlin
Indianapolis-based technology staffing company BCForward won't fight a Department of Metropolitan Development move to discontinue tax breaks for the firm's Market Street headquarters.
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Recycled paper mill plans 137 jobs in Indiana

September 17, 2013
Associated Press
The Indiana Economic Development Corp. said Tuesday that Pratt Industries will invest $260 million to build the recycling plant next to its existing box-making plant in Valparaiso.
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Online retailer Newegg plans big distribution center

September 13, 2013
Kathleen McLaughlin
Newegg.com is considering a $15 million distribution center in Indianapolis that would employ 150 people by the end of 2015.
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Local auto services firm plans to add 20 jobs

September 4, 2013
Express Motor Vehicle Administration Corp., a provider of managed services for auto dealers, insurance companies, corporations and financial institutions, said it will create the jobs by 2015 as part of a $700,000 expansion.
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Hoosierwood: Group seeks state tax incentives for filmmakers

September 2, 2013
Associated Press
A lobbying group is hoping it can persuade Indiana lawmakers to approve tax incentives to companies making movies in the state, saying it will create jobs.
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Health firm plans move to Carmel, adding 675 jobs

August 30, 2013
 IBJ Staff
American Specialty Health, a California-based provider of wellness programs, plans to lease about 90,000 square feet of office space in Carmel and open its new headquarters next June.
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Language Training Center plans expansion

August 22, 2013
 IBJ Staff
Indianapolis-based Language Training Center Inc. plans a $1.5 million expansion that will lead to the hiring of 26 more employees by 2017, the company announced Thursday.
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Central Indiana city yanks support from solar-panel maker

August 22, 2013
Associated Press
Columbus is shutting off some of its financial assistance to a solar panel manufacturer because the company hasn't hired enough workers.
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Wheelchair lift company shifting work to northern Indiana

August 13, 2013
Associated Press
A company that converts minivans into wheelchair-accessible vehicles plans adding up to 70 jobs at its northern Indiana headquarters by shifting production from a Michigan factory.
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Delta expanding operations in central Indiana

July 16, 2013
 IBJ Staff
Delta Faucet said it plans to spend about $12 million to renovate and equip its 380,000-square-foot facility in Greensburg, adding about 160 employees by 2014.
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Pence orders review of contractor's investments

July 16, 2013
Associated Press
The governor wants a broad review of Elevate Ventures' investment decisions and business practices.
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Shelbyville sees spark of revival downtownRestricted Content

July 13, 2013
Kathleen McLaughlin
A homegrown revival in Shelbyville could gain serious momentum with redevelopment of the vacant First Methodist Building, one of the most prominent buildings on the circle. A California investor bought the five-story building in May and plans a $3.5 million renovation.
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Two automotive suppliers plan expansions in Marion County

July 12, 2013
 IBJ Staff
Innovative Coating Solutions and Reflex & Allen USA expect to add a total of 93 employees over five years and are seeking tax breaks on $3.5 million in new equipment.
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Rx benefits manager plans to hire 205 by 2015

July 9, 2013
Associated Press
Lisle, Ill.-based Catamaran Corp. has committed to hiring 104 full-time, permanent employees next year and a total of 205 by 2015.
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