Headquarters Relocations

Illinois governor responds as states try to poach jobs

January 25, 2011
Associated Press
Gov. Pat Quinn has a message for New Jersey Gov. Chris Christie and officials from other states trying to lure jobs from Illinois: Back off.
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Neighboring states gleeful over Illinois tax increase

January 12, 2011
Associated Press
Neighboring states are plotting to take advantage of what they consider a major economic blunder and lure business away from Illinois.
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D-A Lubricant moving from Indianapolis to Lebanon

January 5, 2011
Scott Olson
Company will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business Park. The move should be completed by December.
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UPDATE: Competitors' woes could help Fishers mortgage firm expand

December 14, 2010
Francesca Jarosz
Fishers-based Stonegate Mortgage Corp. plans to spend about $3 million to expand operations, creating up to 300 jobs by 2015.
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Fishers-based mortgage company to add 300 jobs

December 14, 2010
Francesca Jarosz
Stonegate Mortgage Corp. plans to move next spring from its current location near 106th Street and Allisonville Road to a 29,000-square-foot office near 106th Street and State Road 37.
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UPDATE: New tech jobs come with handsome wages

September 15, 2010
J.K. Wall
Mobi Wireless expects to pay average wages of more than $50,000 to 253 new workers; Bostech Corp. expects to pay more than $80,000 to 61 new employees.
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AIT Labs moving headquarters, adding 160 jobs

June 17, 2010
Scott Olson
The Indianapolis-based forensics, clinical and pharmaceutical testing firm, led by CEO Michael Evans, plans to invest $74 million to acquire and equip an existing 90,000-square-foot building in Woodland Corporate Park near West 79th Street and Interstate 465.
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Chinese furniture maker picks Marion for U.S. headquarters

June 9, 2010
The upholstered-furniture maker, which operates as Y.K. Furniture, plans to invest $24.3 million to establish its first U.S. subsidiary. The facility will house assembly-and-distribution operations with about 100 employees.
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USA Football makes move to Indianapolis official

April 20, 2010
 IBJ Staff
As expected, city officials announced Tuesday morning that USA Football will relocate its headquarters to Indianapolis from Vienna, Va. The move should be complete by August.
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USA Football expected to announce relocation to city

April 19, 2010
Scott Olson
Mayor Greg Ballard's office has an announcement scheduled for 10 a.m. Tuesday to reveal a "major sport's national governing body" that is moving to the city. IBJ reported in February that USA Football was seriously considering moving here.
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HICKS: Taxation not top factor in attracting businessRestricted Content

March 20, 2010
Mike Hicks
Businesses care about taxes to be sure, but the availability of a pool of well-trained workers is at the forefront of most business-location decisions.
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State launches Internet-based relocation tool

February 23, 2010
The Indiana Economic Development Corp.'s new Web site and buildings database, powered by a geographic information system, will provide access to real estate and demographic information.
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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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Indianapolis Economic Development reports healthy 2009 job attraction, retention numbers

January 9, 2010
 IBJ Staff
The organization responsible for attracting new businesses to Marion County and helping companies already located here with expansion secured 11,135 job commitments and $157 million in private investment from 45 companies in 2009.
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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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City trying to land headquarters of storytelling organization

October 17, 2009
 IBJ Staff
The National Storytelling Network will consider Indianapolis, along with eight other cities, as it looks to move its headquarters from Jonesborough, Tenn.
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IT consultant up for tax abatement

October 6, 2009
Cory Schoute
A city board this week will consider tax abatements worth about $47,000 over six years for Indianapolis-based IT consultant Apparatus Inc., which is moving its headquarters to the former WFYI building at 1401 N. Meridian St.
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Influential team owner thinks hot rod group should move HQ from California to BrownsburgRestricted Content

September 26, 2009
Anthony Schoettle
A meeting between high-level National Hot Rod Association executives—including NHRA President Tom Compton—and Gov. Mitch Daniels and members of the Indiana Economic Development Corp. has fueled speculation that the drag racing group might be looking to significantly expand its presence here.
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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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IT consultant's expansion plans include 130 new jobs

September 2, 2009
Scott Olson
Indianapolis-based information technology consultant Apparatus Inc. plans to expand its local operations and create up to 130 jobs by 2012, the company announced this morning.
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Carbon Motors chooses Connersville

July 29, 2009
 IBJ Staff
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
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EYE ON THE PIE: Watch your pocket; someone may pick itRestricted Content

June 22, 2009
Morton Marcus
The unexpected move of NCR Corp. from Ohio to Georgia illustrates how even the best corporate citizens can show a fickle streak.
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As Indiana's commerce chief, Roob aims to 'hit on all cylinders'Restricted Content

January 12, 2009
Peter Schnitzler
IBJ talked to new Secretary of Commerce Mitch Roob about Indiana's challenges in 2009, including a recessionary economy, rising unemployment and work-force training gaps.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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