Lagging promises, Peapod agrees to terminate 7-year tax break from Indianapolis
The online grocery delivery service had pledged to invest $6.5 million in a distribution center on the city’s east side and expected to create 238 jobs by 2018.
The online grocery delivery service had pledged to invest $6.5 million in a distribution center on the city’s east side and expected to create 238 jobs by 2018.
Any tax-incentive package to lure Amazon’s HQ2 to Indiana could easily top half-a-billion dollars and climb to more than $1 billion.
The settlement, announced Jan. 25, also requires the plant's owners to spend $250,000 on lead abatement.
Just how much should public officials offer in their bid to lure Amazon?
Once shunned as too risky to hire, men and women with criminal records are finding more open doors in business and industry.
Growing architecture firm Guidon Design Inc. plans to occupy the currently vacant and dilapidated structure on North Pennsylvania Street and boost employment by nearly 50 percent.
Southfield, Michigan-based Janesville Acoustics informed state and local officials last week that the Richmond factory, which makes thermal and acoustical insulation for the auto industry, will close by August 2018.
The Anderson City Council is considering a tax abatement on the investment, which is expected to create 30 jobs.
The 10-year tax abatement will apply to IT equipment of up to $400 million.
The industrial bakery is seeking local tax breaks in connection with the project, which is expected to create 118 jobs over the next three years.
The investment in new equipment would ramp up the speed of sorting and handling at the 2.4 million-square-foot hub, as well as create about 125 full-time jobs and 450 part-time positions.
A company founded a year ago by prominent local tech entrepreneur Don Brown expects to pay average salaries of $156,000 a year in new space at the IU Emerging Technology Center.
The Boone County town will soon be home to the headquarters for Little League International’s Central Region, one of five U.S. offices.
The facility off Interstate 69 is expected to create 60 jobs by the end of next year and possibly 200 over the next decade.
New Jersey-based U.S. Cold Storage plans to add 100,000 square feet to its existing 200,000-square-foot refrigerated warehouse and logistic-services facility.
The suit names two dozen entities, including Stamford, Connecticut-based Purdue Pharma LP—which produces OxyContin—as well as Cephalon Inc, Teva Pharmaceutical Industries Ltd., Johnson & Johnson and Janssen Pharmaceuticals.
I like to brag about Indy’s rush hour where traffic on I-69 slows to 60 mph. That’s worth a lot to me.
D-A Lubricant Co. Inc., which relocated to the Lebanon Business Park in 2011, will receive a tax break for boosting production at its 250,000-square-foot headquarters.
Executives of the Fortune 100 company presented plans Tuesday to the Greenwood Redevelopment Commission, which recommended it receive incentives to build the 608,000-square-foot facility.
Two executives, including the CEO, of Indianapolis-based technology firm The Consultants Consortium Inc. have been indicted in a federal bribery case that also involves a former cabinet-level Maryland state government official.