Economic Development Incentives

Warehouse company expands in Franklin

February 9, 2012
Kathleen McLaughlin
A refrigerated warehouse company plans to expand its facility in Franklin, investing $26 million and creating as many as 50 jobs by 2014.
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Toyota plans to add 400 jobs in southwest Indiana

February 8, 2012
 IBJ Staff and Bloomberg News
Toyota Motor Corp. said Wednesday afternoon it would add 400 jobs in Princeton after consolidating production of its Highlander mid-size SUV.
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Lotion maker relocating operations to Indianapolis

January 27, 2012
Scott Olson
Indianapolis-based New Sunshine, which is owned by a group led by former Conseco Inc. CEO Stephen Hilbert, said it will add 180 jobs by moving a manufacturing facility from Tempe, Ariz.
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Bill aims to lift upside for 21st Century fundRestricted Content

January 21, 2012
Kathleen McLaughlin
Republican State Sen. Brent Waltz has filed a bill that would require the Indiana Economic Development Corp. and businesses seeking awards from the 21st Century fund to match the state’s money with outside capital at a four-to-one ratio.
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City set to cancel tax abatement for medical device firm

January 18, 2012
Polymer Technology Systems said in 2007 that it would make a $3 million investment at its operation on Zionsville Road and create 110 jobs.
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Drugmaker plans 234 Terre Haute jobs by 2016

January 10, 2012
 IBJ Staff and Associated Press
A California-based pharmaceutical company says it expects to hire 234 people by 2016 at a new operation on the site of a former Pfizer Inc. drug plant near Terre Haute.
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Columbia City company plans to add 106 jobs

January 4, 2012
Impact CNC, a production machining company, plans to add the jobs in northeastern Indiana as part of a $12.8 million expansion.
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UPDATE: Daniels places Litebox rollout on his 'Oops List'

December 30, 2011
Associated Press
Indiana Gov. Mitch Daniels is placing his early endorsement of a company that plans to make giant mobile LED screens on a list of mistakes he keeps in his office.
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State's job-creation agency claims record year

December 30, 2011
 IBJ Staff
The Indiana Economic Development Corp. announced Friday that it secured job commitments from a record 219 companies in 2011, an increase from 200 companies in 2010.
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Marketing firm plans downtown expansion, move

December 29, 2011
 IBJ Staff
Indianapolis-based marketing firm TrendyMinds plans to more than double its staff in the next two years, adding up to 20 jobs as it moves into a former labor union hall downtown.
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Area firms pledge 365 jobs

December 21, 2011
Francesca Jarosz
Two Central Indiana firms will receive tax incentives for growing their operations by a combined 365 workers by 2015, Indiana economic development officials announced Wednesday.
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Rolls-Royce employees begin move to downtown campus

December 20, 2011
Francesca Jarosz
Rolls-Royce Corp. began moving employees to its new downtown office building on Monday—a shift an IUPUI analyst projected could generate $510 million in annual economic activity.
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CME Group says it's staying in Illinois

December 16, 2011
 IBJ Staff and Associated Press
Illinois Gov. Pat Quinn on Friday signed tax-break legislation designed to keep the Chicago Mercantile Exchange and Sears Holding Co. from fleeing the state. CME had talked to Indianapolis officials about moving to central Indiana.
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Celadon plans expansion, $3.4M office building

December 16, 2011
Scott Olson
Celadon Group Inc. is seeking tax abatements from the city to build a $3.4 million office building at its far-east-side headquarters. The local trucking firm plans to hire 100 more employees by 2016.
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Illinois tax breaks could trigger demand for more

December 13, 2011
Associated Press
Under the threat of losing thousands of jobs to other states, Illinois lawmakers on Tuesday approved a tax-relief package meant to keep Sears and the Chicago Mercantile Exchange from leaving. The state's governor is expected to sign it.
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Illinois Senate considering CME Group tax breaks

December 13, 2011
Associated Press
The Senate has approved similar legislation in the past, so the latest version is likely to get the chamber's stamp of approval. Indianapolis and, likely, Carmel have been trying to lure the company to Indiana.
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Illinois lawmakers under gun over CME tax breaks

December 12, 2011
Bloomberg News
Lawmakers in Illinois, where major employers are threatening to leave the state if their tax burden isn’t reduced, return to Springfield on Monday to consider what they probably can’t afford to do.
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City calls off Haverstick, Redcats tax incentives

December 8, 2011
Scott Olson
Two Indianapolis companies that received tax-abatement agreements from the city in 2007 have had the incentives canceled for failing to meet investment and employment goals.
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Carmel also likely competing for CME Group

December 5, 2011
Scott Olson
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange's description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
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Rolls-Royce tax-incentives deal set for hearing

December 5, 2011
Cory Schouten
A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown's Faris campus is scheduled for an initial hearing Wednesday.
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Food company closing in Indiana has unpaid bills

December 1, 2011
Associated Press
An organic food company that is closing its eastern Indiana preparation center was offered up to $3.5 million in state tax credits to open its plant, but it owes more than $31,000 in property taxes and sewer bills.
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SEC accuses Positron CEO of misleading investors

November 28, 2011
Chris O'Malley
Regulators allege CEO Patrick G. Rooney diverted millions of dollars from a hedge fund into the struggling Fishers company without investors' knowledge.
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Stonegate Mortgage plans to add 45 workers in '11Restricted Content

November 19, 2011
 IBJ Staff
The Indianapolis-based firm has pledged to add a total of 300 workers by 2015.
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Packaging company plans to add 63 jobs in Lawrenceburg

November 18, 2011
Toronto-based IntraPac said it will move operations from New Jersey to the southeastern Indiana town and build an 80,000-square-foot plant that should open in February.
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Logistics company plans 315 jobs in North Vernon

November 14, 2011
 IBJ Staff
Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.
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