Indiana Steel and Tube, a steel processor in the southern Indiana community of Brownstown, plans to expand and hire 100 extra workers by 2010, the Indiana Economic Development Corp. announced yesterday. The $8 million plant will begin making about 2,500 tons of steel coil this year. The state offered nearly $975,000 in incentives, and the […]
Texas-based Harland Clarke Corp. plans to relocate its Decatur, Ga., operations to its location in Jeffersonville, investing at least $1.5 million and adding 50 workers by 2010. Harland Clarke prints checks, deposit slips and other products for financial institutions. The company already employs about 200 in Jeffersonville. The first jobs to be added this year […]
Westfield hopes to draw business farther north New development could reduce residential tax rates Judge and Ging Jones moved to Westfield more than a decade ago to escape the congestion and crowds of Carmel. They wanted to live in a safe, friendly community with good schools where they could leave their doors unlocked during the […]
TIPPECANOE COUNTY Purdue wants tax abatement to expand research park The Purdue Research Foundation has received preliminary approval for tax abatement on its research park that would save the foundation $1.5 million in taxes. The abatement for the Purdue Research Park was approved Jan. 7 by the West Lafayette Economic Development Commission. It likely will […]
A Bloomington company that revived a former Thomson Consumer Electronics/RCA plant in that city is taking a shot at redeveloping
one of the largest industrial eyesores in Indianapolis, also a former RCA complex. Pinnacle Properties plans to spend $20
million redeveloping the 13-building property northwest of Sherman Drive and East Michigan Street.
Back when they arrived in 1996, there were lots of open spaces and taxes were low, Jones said. “Overall, it was a good place to live,” he said. Jones said he still loves living in Westfield, which is 20 miles north of Indianapolis. But he admits things are changing, which is a double-edged sword. Eight years ago, according to the U.S. census, Westfield had just 9,300 people. Now, it’s a rapidly growing city with a population of 24,000, an increase…
Has your cell phone exploded lately? A cell phone battery literally blows up, shattering the phone and spraying hot components like shrapnel. Detonating phones haven’t killed anyone that I could determine, but they’ve caused several trips to the hospital for lacerations, burns and broken eardrums. When it happens, manufacturers understandably scramble to find out why, and the answer today is often that the battery was actually a knockoff, a counterfeit that looks just like the real thing, but might be…
Columbia City-based 80/20 Inc., which makes modular aluminum framing for industry, plans to spend $5 million to expand its manufacturing and distribution center and add at least 40 jobs by 2010. Machining and manufacturing technology will be upgraded as part of the project. 80/20 Inc. employs 210 workers in its design, manufacturing and distribution center […]
Locally based Fusion Alliance said today it plans to spend more than $2 million to expand its headquarters and add at least 110 jobs by 2010. Fusion Alliance employs 190 in Indianapolis and 30 in Cincinnati. It expects to begin hiring consultants, application developers, Web designers, business analysts and project managers this year, with most of […]
How did it all seem so simple back in September? The reality of reform is sinking in for lawmakers and interest groups. Hoosiers who demanded serious property tax reform in November-and expected their wishes to be fulfilled-now see indications that the road to reform may be bumpier than foreseen. The property tax reform plan detailed in late October by Gov. Mitch Daniels was initially largely well-received by voters and lawmakers, but after it rattled around for a while and the…
Many called it “the perfect storm.” But in retrospect, the dark clouds of Indiana’s 2007 property tax crisis had been forming
for years. Legislators caught wind early that something was amiss and spent all spring preparing to weather the impact.
Software developer LHP Inc. today said it plans to invest $1 million and add 320 workers by 2011 at its Columbus, Ind., headquarters. LHP, which employs 130 in Columbus, does work for the military, automotive and medical industries globally. LHP will begin hiring technology specialists, engineers and administrative workers next year. The company will receive […]
Medco Health Solutions Inc. said this morning that it will build its $140-million pharmacy distribution center at AllPoints at Anson in Boone County. The Franklin Lakes, N.J.-based company announced Nov. 12 that it would locate the center in the Indianapolis area, but that it still hadn’t chosen among Boone, Johnson or Hendricks counties. AllPoints at […]
State Sen. Luke Kenley, the Noblesville Republican who this summer chaired a legislative committee to study the property tax issue, wants tighter controls on tax increment financing districts and property tax abatements, reports The Times in Munster. For years, the incentives have been offered to entice businesses to relocate to or expand in Indiana. Critics […]
A locally based data storage company has agreed to buy the former Eastgate Consumer Mall on the far east side and plans to invest $23 million to turn the 370,000-square-foot building into a high-tech data hub. This morning, executives with Lifeline Data Centers LLC joined Mayor Bart Peterson to announce the deal, which was first […]
Subaru of Indiana Automotive Inc. has received approval from the Lafayette City Council for two tax abatements on more than $100 million in new equipment and real estate investments at its Lafayette plant, according to the Journal & Courier. The 10-year abatements will save the automaker nearly $1.2 million in the first year of the […]
The massive new AllPoints Midwest industrial park in Plainfield has landed its first tenant in a mega deal that likely will
be the area’s biggest industrial lease in 2007. Local logistics firm Prime Distribution Services Inc. has signed a lease for
1.2 million square feet in the 920-acre park, a joint venture between Indianapolis-based Duke Realty Corp. and Browning Investments
Inc.
Cspine Inc., a startup orthopedic and dental device maker based in Plymouth, plans to launch research and development and prototype manufacturing operations in the northern Indiana town, the Indiana Economic Development Corp. said today. The move is expected to create as many as 49 jobs over the next five years. Cspine will spend about $3 […]
With new mayors and council members in many of our cities, it’s time to drag out some previous suggestions for fiscal reform. First, it’s time to reconsider propertytax abatement. But we can’t understand property taxes and their abatement if we don’t understand assessment practices. And, it is not clear what is happening these days with property assessment. For example, does a property’s assessed value change automatically when it is sold, or does it change only in line with the trend…
Subaru of Indiana Automotive Inc. is a step closer to getting tax abatements on $105 million in proposed investments in its Lafayette plant. The city’s redevelopment commission unanimously approved the incentives last night, but they still must be OK’d by the Lafayette City Council. It was not immediately known how much money the incentive package […]
