The city is trying to capitalize on construction of Indiana University’s $4.3 billion Methodist Hospital complex and other projects underway or in development on the north side of downtown.
Indianapolis developers receiving tax abatements have committed to providing nearly $5 million to help struggling middle- and low-income families gain access to economic opportunities and become more upwardly mobile.
Portia Bailey-Bernard joined WM from Develop Indy, where—as senior vice president—she was instrumental in a regional collaboration to secure $20 million in state funds to establish a vision and plan to develop the White River region.
Indianapolis-based Landmark Properties Inc. has agreed to terms on a $2 million redevelopment tax credit to support the project across from Bottleworks.
GeniPhys Inc. plans to lease 8,200 square feet in an existing 80,000-square foot industrial building at 7750 Zionsville Road in Pike Township as it sets up its operation.
The winery said new products such as the Melon Mint Moscato, along with its mainstays like Oliver Sweet Red, have fueled the company’s continued growth.
The company plans to create 250 jobs over the next five years in Noblesville with an average salary of $67,000 and retain and relocate 400 employees to the new corporate campus.
The 2023 Metro Monitor report from the Brookings Institute showed that in terms of inclusive economic growth Indiana rose from 101st out of 192 metro areas in 2019 to 24th in 2021.
Seven candidates for Indianapolis mayor discussed their policy plans in a candidate forum Sunday, but expected Democratic front-runners Mayor Joe Hogsett and State Rep. Robin Shackleford were no-shows.
Parker Lord plans to migrate 102 employees from its 214,000-square-foot existing facility at 5101 E. 65th St. and hire another 55 at the new facility in Lawrence.
The expansion, which involves additional equipment at the existing facility and a new 32,500-square-foot building, is expected to increase employment by 42 workers.
The company plans to retain 500 workers when its relocates from its existing distribution center on Pendleton Pike in Lawrence to the new facility under development in Indianapolis.
A team of two local developers planning the 273-unit Hall Place apartment project at 1720 N. Illinois St. promises to bring dozens of low-rent apartment units to the neighborhood northeast of the expanded Indiana University Health campus.
The company’s headquarters will be built on about 11.6 acres between the Nickel Plate Trail and State Road 37 at the northwest corner of East 141st Street and Herriman Boulevard.
Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.
A new study projects homeowners’ bills payable this year could increase as much as 15%. That’s more than double what previous reports estimated for the upcoming bills.
The company plans to create 250 new jobs over the next five years in Noblesville and retain and relocate 400 employees to the 580,000-square-foot complex.
The Greenwood Common Council this week voted unanimously to approve the creation of an economic revitalization area and provide a real property tax abatement for VisionQuest Eyecare.
