The Lebanon City Council on Monday night approved the creation of a tax-increment financing district and performance-based incentives to try to secure a deal with the parent of Facebook and Instagram.
Across Indianapolis city-county government, 166 employees earn less than $18 an hour, the benchmark that some groups consider a living wage, including the city’s economic development arm.
The last time world CO2 levels consistently exceeded today’s 420 ppm was about 14 million years ago during the middle Miocene, after which the Earth slowly cooled toward a series of ice ages.
The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.
Jennifer McCormick, the Democratic candidate for governor, released a set of economic development policy goals Thursday morning that call for “reform and increased transparency” in the Indiana Economic Development Corp.
PhysioLogic Devices Inc. will change its name to Portal Diabetes Inc. following the company’s move. It plans to employ up to 35 full-time employees by 2028 with an average salary of $135,265 each.
The Indianapolis City-County Council on Monday evening voted to approve two tweaked proposals: one that increases long-stagnant countywide elected official pay and the other requiring councilors to fill out more in-depth, publicly available disclosure forms.
The Indianapolis City-County Council plans to vote in the coming weeks to add two women to the board that will oversee the management of a new tax focused on improving downtown’s cleanliness, public safety and homelessness situation.
IBJ asked Republican U.S. Sen. Mike Braun, Democrat Jennifer McCormick and Libertarian Donald Rainwater how they plan to approach economic development and job creation.
For now, disclosure forms bearing councilor workplaces, board memberships and potential conflicts of interest are only available through a records request to the council office.
The appointments are the first of several expected to be made before November for the board, which was authorized by the City-County Council last month.
Founder and CEO Matt Rubin told IBJ that he decided to instead focus efforts on the chocolate business’ parent company, True Essence Foods Inc., which specializes in developing food-making technologies.
Republican Micah Beckwith, Democrat Terry Goodin and Libertarian Tonya Hudson spent most of Tuesday’s agriculture-focused debate arguing over whose tax policies would be most beneficial.
The United States Postal Service could consolidate some of its Indianapolis facilities into a massive regional distribution hub opening later this year on the city’s east side, occupying land that formerly housed a Navistar plant for many decades.
The taxing district is expected to generate about $4.65 million a year for downtown-focused efforts in Indianapolis, along with funding the operating costs of the low-barrier homeless shelter planned on the southeast side of downtown.
Republican gubernatorial candidate Mike Braun’s lack of particulars on his property tax relief plan for homeowners has raised concerns that the tax burden could be shifted to business and agricultural property owners.
An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.
The proposal would create a permitting system that imposes a $150 annual registration fee and allows the Department of Business and Neighborhood Services to conduct an inspection of the properties.
