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Tax Credits
Casket maker plans $16.5M investment, 300 jobs
February 23, 2011
Scott OlsonIndianapolis-based Genesis Casket Co., launched just last year, expects to produce 30,000 caskets in its first full year of
operation. The company plans to fill the first 150 jobs by the time the plant opens this summer.
MoreWhitsett proposes 86-unit downtown apartment project
February 15, 2011
Tom HartonThe $7.2 million project, to be financed with affordable-housing tax credits, involves retrofitting the three-story former
Central Restaurant Products building to accommodate one- and two-bedroom apartments.
MoreMichigan City snack-food baker adding up to 100 jobs
January 21, 2011
Hearthside Food Solutions says it will invest $3.8 million to expand its operations and hire new workers. The company bakes
snack foods for such brands as Keebler, Nabisco and Kraft.
MoreFamily Dollar plans 350 jobs in northeast Indiana
January 19, 2011
Scott OlsonA $70 million investment in a new distribution center by the North Carolina-based discount retailer is expected to create
up to 350 jobs. The facility should be operational by spring 2012.
MoreBill seeks to boost investment credit, startups
January 14, 2011
Scott OlsonThe legislation, assigned to a committee on Wednesday, would increase the maximum for venture capital tax credits from $500,000
to $1 million, helping high-potential startups attract outside funding.
MoreTrail Side funding finally closes
January 11, 2011
Tom HartonFinancing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers
to proceed with the project after a funding snag nearly killed it.
MoreIndiana to stop mailing out state income tax forms
December 29, 2010
Associated PressThe State Department of Revenue estimates the change will affect about 1 million taxpayers and save the state about $200,000
in the next fiscal year.
MoreEthanol's future clouded by potential loss of tax breaks
November 20, 2010
Chris O'MalleyThe fortunes of Indiana’s 12 ethanol plants, and the farmers and truckers who supply the corn to make the motor fuel
additive, hinge on two decisions facing Congress and federal regulators in the weeks ahead.
MoreMedical device maker expanding in Fort Wayne
November 18, 2010
L.H. Medical Corp. said it plans to create up to 65 jobs by 2013 and invest $5.4 million to more than triple the size of its
manufacturing operations.
MoreUPDATE: New tech jobs come with handsome wages
September 15, 2010
J.K. WallMobi 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.
MoreKokomo firm taps state tax credits to make animated film
August 31, 2010
IBJ StaffKokomo-based Bach Morris Technologies Corp. will spend $2.4 million to produce “Whoever Heard of a Herd of Fird?”
a movie based on company co-founder Othello Bach’s 1984 best-seller “Whoever Heard of a Fird?” A Ball State
University commercial spinoff will provide production and design services.
MoreIllinois firm to build used oil plant in Speedway
July 17, 2010
IBJ StaffThe $40 million project along West 10th Street could create 75 jobs by 2013.
MoreBeer brewer feuding with Franklin over incentives
July 15, 2010
Anthony SchoettleSan Diego-based TailGate Beer is supposed to create as many as 150 jobs in Franklin, but the plan has been delayed while the
sides squabble about financial disclosures.
MoreIT staffing firm plans downtown expansion, 80 new jobs
July 14, 2010
IBJ StaffSmart IT Staffing Inc said Wednesday morning that it plans to expand its Indianapolis headquarters, creating up to 80 new
jobs by 2014.
MoreLugar, Meadows projects get tax credits
July 13, 2010
Tom HartonTwo high-profile apartment projects that were denied tax-credit funding in March recently were awarded the millions of dollars
in credits they need to proceed.
MoreCanadian chip maker locating U.S. HQ in Fort Wayne
July 8, 2010
Saratoga Potato Chips plans to create 175 jobs in the northeastern Indiana city by 2013 and will begin hiring later this year.
MoreHouse speaker continues quest for jobs data
June 30, 2010
Scott OlsonState Rep. Pat Bauer says employment figures provided by the Indiana Economic Development Corp. are a good start but insists
the
agency is not revealing everything it can.
MoreEx-Commerce chief: Lift the veil on state incentive deals
June 25, 2010
Peter SchnitzlerThe former executive director of IEDC's predecessor agency argues that regular headcount disclosure is a key part of the economic
development
process once incentive deals have been struck with companies.
MoreIEDC responds to House speaker's public records request
June 22, 2010
Peter SchnitzlerIndiana Secretary of Commerce Mitch Roob's letter Tuesday to Democrat Pat Bauer details IEDC's approach to job-creation incentives
and its clawback efforts in the recession.
MoreHouse Speaker pushes IEDC over job-creation numbers
June 14, 2010
Peter SchnitzlerPat Bauer sent Indiana Secretary of Commerce Mitch Roob a letter formally requesting the Indiana Economic Development Corp.
disclose public records about promises companies gave the state in exchange for job-creation incentives.
MoreIndianapolis Housing Agency pulls off big tax credit deal
March 13, 2010
Tom HartonCity agency plans renovations, expansions at eight apartment properties.
MoreHuge tax-credit deal will fund rehab of 538 apartment units
March 9, 2010
Tom HartonThe largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
MoreFort Wayne equipment distributor adding 150 jobs
February 24, 2010
Heritage Food Service Equipment Inc. will begin hiring in March, as a $1.5 million upgrade to its 125,000-square-foot facility
is completed.
MoreCar-seat manufacturer plans Columbus expansion
January 19, 2010
Dorel Group wants to expand its development and production operations in Columbus, creating 98 jobs by 2013.
MoreTrailer maker plans to add 100 jobs in Peru
December 2, 2009
IBJ StaffPeru 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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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.