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Developer plans new industrial parks in Avon, Mount Comfort

June 10, 2022 | Alex Brown, Inside INdiana Business

Kansas City, Missouri-based commercial real estate developer VanTrust Real Estate LLC said it plans to spend about $220 million to construct six industrial buildings, with three each at sites in Hancock County and Hendricks County.

Plaintiff’s attorney blames Indiana AG for trouble reaching opioid settlement

June 10, 2022 | Marilyn Odendahl / The Indiana Lawyer

After Indiana Attorney General Todd Rokita used the announcement of the landmark $507 million opioid settlement to take a swipe at trial lawyers, one plaintiff’s attorney is hitting back, accusing the state’s top lawyer of nearly scuttling the deal.

AG: All Indiana communities now participating in $507M opioid settlement

June 8, 2022 | Indiana Lawyer Staff

The Attorney General’s office reported all 648 political subdivisions in Indiana have joined the settlement, which is part of a roughly $26 billion payout across 46 states.

Incentive deal for Kokomo battery plant the largest in state history

May 25, 2022 | Leslie Bonilla Muñiz

The Indiana Economic Development Corp. laid out a substantial incentive package to lure the joint venture, with tax credits and investments totaling at least $186 million.

Developer seeking incentives for $12.5M revamp of Mass Ave building

May 19, 2022 | Mickey Shuey

Landmark formally acquired the building for $4.6 million in April and has already started demolition work inside the structure.

$18 starting wage touted to employers as a big plus

May 13, 2022 | Dave Lindquist

The Indianapolis Airport Authority, National Bank of Indianapolis and Mays Chemical Co. are three of 24 local employers participating in the Good Wages Initiative launched April 25 by not-for-profit EmployIndy.

Broad Ripple booms with new developments that are attracting residents

April 1, 2022 | Mickey Shuey

A six-story, $65 million, multifamily planned redevelopment of the former Kroger store in the heart of Broad Ripple is the latest in a series of substantial projects.

Gershman, Citimark partner with Milhaus on $65M Broad Ripple project

March 23, 2022 | Mickey Shuey

The project at the site of a former Kroger store is expected to consist of about 234 apartment units, a 240-space parking garage and 3,600 square feet of street-level restaurant space.

Developer of timber-built office project in Broad Ripple seeks abatement

March 8, 2022 | Mickey Shuey

The project would occupy four parcels between 6407 and 6419 Ferguson St., which are occupied by four residential-style buildings that have housed short-term rentals and small businesses.

Purdue Pharma, U.S. states agree to new opioid settlement

March 3, 2022 | Associated Press

In all, the plan could be worth more than $10 billion over time. It calls for members of the Sackler family to give up control of the Stamford, Connecticut-based company so it can be turned into a new entity with profits used to fight the crisis.

Whiteland approves tax break for spec warehouse near Interstate 65

February 16, 2022 | Alex Brown, Inside INdiana Business

Cincinnati-based Uptown Commercial Partners plans to invest nearly $29 million to build the facility on a 40-acre site just east of the Graham and Whiteland roads intersection, and west of Interstate 65.

Developers plan $300M, 125-acre Plainfield project with housing, commercial space

February 14, 2022 | Mickey Shuey

Percolating under the radar for two years, the first phase of Hobbs Station is expected to feature 300 apartments, 99 single-family homes and 500,000 square feet of logistics space.

Educated workforce, clean energy, hefty incentives keys to megadeals

February 4, 2022 | Mickey Shuey

Despite Indiana’s economic development successes, industry experts say the state must do more to attract multibillion-dollar megadeals like ones other states have recently landed.

Bill would give Beech Grove, Lawrence, Southport and Speedway more say in development

January 27, 2022 | Mickey Shuey

Sen. R. Michael Young, R-Indianapolis, is pushing a bill that would require the Metropolitan Development Commission to notify Marion County’s independent cities and towns before it considers tax abatements for development projects in each city.

State lawmakers eye business tax cuts

December 10, 2021 | Emily Ketterer

House Republican leaders want to reduce the personal property taxes businesses pay on equipment, claiming it is one of the last tax obstacles in recruiting new businesses and spurring growth for businesses already here.

Tech firm Genesys lands $580M in funding

December 10, 2021 | Susan Orr

The company, which offers cloud-based software and other products for call-center operators, has a significant presence in Indianapolis but it’s unclear how the recent investment might affect local operations.

IEDC chief lays out state’s new strategic plan for economic growth

December 2, 2021 | Emily Ketterer

Indiana Secretary of Commerce Brad Chambers has a vision for the state to “shoot higher” in its economic development efforts, which he outlined Thursday morning in a five-point strategy.

Trio of industrial buildings planned near Ruoff Music Center

November 11, 2021 | Mickey Shuey

A Carmel-based development firm plans to spend $70 million or more to turn agricultural fields in Noblesville into the site of three industrial buildings called Saxony Industrial Center.

OrthoIndy planning $12.5M outpatient clinic expansion in Westfield

September 30, 2021 | Kurt Christian

OrthoIndy is planning to expand its presence in Westfield by moving out of its current leased space and building a new $12.5 million facility all its own near State Road 32 and Austrian Pine Way. If approved, it could open to the public next summer.

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