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Polaris plans $4.7 million laboratory expansion

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Polaris Laboratories LLC, an Indianapolis-based company that analyzes oil, fuel and coolants, said it plans a $4.7 million local expansion that will add up to 25 employees by 2016.

The 14-year-old company, based at 7898 Zionsville Road, announced Wednesday that it will open a 61,000-square-foot facility at 7451 Winton Drive by this fall. The new labs, near Georgetown Road and 71st Street, will help the company process additional samples and improve workflow, it said.

The Indiana Economic Development Corp. offered Polaris up to $100,000 in performance-based tax credits and up to $70,000 in training grants based on its latest job-creation plans.

To qualify for the incentives, however, the company must still meet the requirements of a previous jobs-creation agreement with the IEDC.

In 2008, Polaris agreed to add 80 jobs to its then-workforce of about 80 by 2014 in exchange for up to $400,000 in performance-based tax credits and up to $85,000 in training grants.

Polaris currently has about 130 workers.

“The 2008 project is based on reaching a headcount of approximately 160 employees,” an IEDC  spokeswoman said Wednesday morning. “The company will not be able to claim incentives for its [new] project employment goals until it has reached a base of approximately 160 employees.”

Polaris operates seven laboratories with more than 165,000 customers in more than 90 countries.

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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