Economic Development Incentives

Covance plans $150M expansion, 465 jobs in Greenfield

June 26, 2012
The New Jersey-based pharmaceutical research company is seeking state and local incentives as part of the expansion, which would include a new laboratory, set to be finished in 2016. Covance already employs 565 workers at the site.
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Haynes plans $23.5M expansion, 40 more jobs in Kokomo

June 26, 2012
Associated Press
Kokomo-based Haynes International Inc. plans a $23.5 million project to increase production at a central Indiana factory where it makes specialty metal plates and sheets for the aerospace and other industries.
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TIF study highlights district shortfallsRestricted Content

June 23, 2012
Kathleen McLaughlin
The tax-increment finance district created around the former United Airlines maintenance hub at Indianapolis International Airport doesn’t generate enough revenue to meet its annual debt payment. Neither do several other area TIF districts.
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Medical startup plans 71 jobs, seeks incentives

June 21, 2012
The city of Indianapolis granted preliminary approval for an eight-year tax abatement to Arcamed Inc., which plans to purchase $1.4 million in equipment to design and manufacture titanium and case-tray systems for surgical instruments.
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Sprayer maker plans Mooresville expansion

June 21, 2012
 IBJ Staff
Mooresville-based Equipment Technologies, which makes self-propelled sprayers for agriculture, says it plans to hire 56 new people by 2015 as part of an expansion.
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Turkey processor moving ahead with Indiana plant

June 8, 2012
Associated Press
Work could start this month on a new turkey processing plant in southwestern Indiana a company expects to open with about 350 workers.
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Sound equipment retailer plans expansion, 316 jobs

June 8, 2012
 IBJ Staff
A Fort Wayne-based retailer of music and sound equipment said Friday that it plans an expansion that would roughly double the size of its headquarters campus and create more than 300 jobs by 2016.
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UPS plans $10 million upgrade on northwest side

June 5, 2012
 IBJ Staff
United Parcel Service Inc. is planning a $10 million modernization project for a regional transportation hub in Indianapolis and is seeking tax incentives to help make it happen. The project would help the company retain 750 local jobs.
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Local sales tax could aid economic developmentRestricted Content

June 2, 2012
Scott Olson
Most local economic development organizations rely on private contributions and some government money to support their efforts. But an unstable economy has led to some belt-tightening and soul searching on alternative ways to fund the associations.
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Local automotive supplier in line for new city incentive

May 11, 2012
Scott Olson
A shorter-than-usual abatement plan during which no property taxes are paid for three years is expected to help Van's Electrical Systems invest $427,000 to purchase and rehab a vacant building on the city's west side.
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Alabama firm that irked suppliers promises to add 350 jobs

May 11, 2012
J.K. Wall
Advanced Metal Technologies of Indiana Inc., an auto and industrial parts maker owned by the Alabama-based Whitesell Group, said it will locate its operations in Jeffersonville and add 350 jobs by 2015.
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Indianapolis margarine plant planning $44 million upgrade

May 11, 2012
 IBJ Staff
ConAgra Packaged Foods LLC is seeking city tax incentives as part of a $44 million plan to upgrade its plant on the northwest side of Indianapolis and retain 392 workers.
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Fast-growing One Click lands $1M state incentive deal

May 10, 2012
Cory Schouten
A Greenwood e-commerce company could collect $1 million in state tax credits and training grants if it succeeds in hiring 109 new employees over the next five years.
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Finish Line plans to add 327 jobs as part of expansion

May 1, 2012
The Indianapolis-based retailer of athletic shoes and apparel said it will add the jobs by 2016 as part of a multimillion-dollar expansion that will upgrade its e-commerce systems.
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Illinois furniture manufacturer moving to Indiana

April 24, 2012
 IBJ Staff
Chicago-based Selected Furniture LLC is planning to move its operations to Indiana, the manufacturer said Tuesday, creating up to 100 new jobs by 2014.
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Growing distributor to expand into Greenwood

April 24, 2012
Kathleen McLaughlin
A distribution company that specializes in handling food for retailers has outgrown its Plainfield space and plans to take up another 400,000 square feet in Greenwood. Prime Distribution estimates it would add 35 employees by 2016.
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Cummins plans $219 million expansion at Seymour plant

April 24, 2012
The Columbus-based manufacturer of diesel engines said it will add 290 jobs in Seymour as part of a major expansion that will include new warehouses, additional engineering, production and testing facilities, and a new office building.
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Indiana auto-parts maker plans to add 120 jobs

April 23, 2012
ThyssenKrupp Presta Terre Haute LLC plans to spend $22 million to add three assembly lines and expand its manufacturing facility in Vigo County by nearly 70,000 square feet.
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Mansfield-King lands state incentives for expansion plan

April 13, 2012
The Indianapolis-based manufacturer and distributor of personal care products plans to add the 144 jobs by 2016 as part of a $3.4 million expansion.
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SMC plans $19M Noblesville expansion, 163 jobs

April 10, 2012
 IBJ Staff
SMC Corp. of America plans to spend $19 million to expand its North American headquarters in Noblesville, making room for an additional 163 employees by 2017, the company announced Tuesday.
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Whirlpool agrees to pay state $800,000 for job losses

April 3, 2012
Appliance maker Whirlpool Corp. has agreed to pay Indiana $800,000 after failing to maintain employment levels called for in an economic development incentives agreement.
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Brainard seeks deal on maxed-out TIFRestricted Content

March 31, 2012
Kathleen McLaughlin
Carmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in debt that’s weighing on the city’s tax-increment finance districts.
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Carmel consulting firm plans to expand, add 96 jobs

March 29, 2012
enVista LLC, which provides enterprise and supply chain consulting services, plans to add nearly 100 workers by 2016 as part of a $1.2 million expansion at its Carmel headquarters on North Meridian Street.
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Bloomington-based employment agency plans to add 307 jobs

March 28, 2012
Employment Plus Inc. said it plans to add the positions by 2015 at it establishes a new headquarters and staffs new branches in the state.
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Amazon plans another Indiana warehouse, 1,000 jobs

March 27, 2012
The online retailer said it will open a new warehouse in Jeffersonville and create up to 1,050 jobs by 2015 as part of a $150 million investment. The distribution facility would be the company's fifth in Indiana.
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