Multiple retailers, restaurants and other businesses have recently opened or are planning new locations in the north suburbs of Indianapolis. Here’s a rundown:
Indianapolis-based Milhaus plans to build a 125-room hotel, a 228-unit apartment development and 75-for-rent townhouses in the initial phase of the redevelopment.
Indiana’s Department of Transportation expects to lose billions of dollars in revenue in the coming decades as more Hoosiers buy alternative fuel-using and fuel-efficient vehicles.
The city on Wednesday and Thursday sold $581 million in bonds for the development through the Indianapolis Local Public Improvement Bond Bank, consisting of $436.8 million in tax-exempt revenue bonds for the hotel portion of the project, and another $155 million for the convention center expansion.
The Commerce Department says the U.S. has just 3% of the world’s packaging capacity—compared with an estimated 38% in China—which Washington worries has left the country vulnerable.
The Bloomington plant, with about 1,000 employees, is the fifth-largest employer in Monroe County, according to the Greater Bloomington Chamber of Commerce, and is poised for more growth.
Members of the Indiana Chamber of Commerce laid out their agenda for the 2024 General Assembly during the business group’s annual legislative preview luncheon on Monday.
The move follows pushback by several neighborhood groups on the north side who expressed concern about the city’s plan, which could rely heavily on the Midtown tax-increment financing district to repay bonds issued for the acquisition.
The two Indianapolis-based developers have requested the city issue a total of $76 million in developer-backed bonds to help cover the cost of design and construction of the projects.
As approved by the Metropolitan and Economic Development Committee, the district would collect various taxes to cover a portion of the cost for the stadium at the proposed Eleven Park development. The City-County Council now must weigh in.
The board said “there is no change in our strategy, mission and values” but it provided no additional details about Colette Pierce Burnette’s departure.
The city’s findings dash the hopes of a historical preservation group that the old law would require a full excavation of the city’s first public cemetery site before work could begin on a bridge over the White River and a proposed Indy Eleven soccer stadium.
The live-work-play campus has been picked to join a new national network designed to connect researchers, entrepreneurs and investors to accelerate the development of health care products and services and speed up health care innovations.
Twenty years after nearly being shuttered, U.S. Naval Surface Warfare Center, Crane Division, has become a key player in the federal government’s strategy to outpace its foreign rivals in the booming microelectronics industry.
The true vibrancy of a regional economy is determined by high-value exports to other regions, often based on scalable ideas. Today, that means software, energy, advanced materials, financial products, pharmaceuticals, complex manufactured goods, digital content and technical services.
Bridges Townhomes on the east side, Grand Meridian on the near-north side and Richardson Townhomes at the Central State Hospital campus each received tax credits as part of the 9% Low-Income Housing Tax Credit program for 2024.
