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Lawmakers cautiously eye property-tax relief with big bills on horizon

January 6, 2023 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

Indiana lawmakers are drawing up changes to the state’s property-tax system, with rising assessments last spring pointing toward potentially high bills this year. But their approach has been cautious.

Noblesville City Council approves incentives for $30M SMC expansion plan

December 6, 2022 | Daniel Bradley

SMC Corp. of America plans to expand its total workforce in Noblesville to 1,157 by 2032.

Nestle seeks tax break for $400M expansion in Anderson

December 6, 2022 | Wes Mills, Inside INdiana Business

The firm says the expansion likely will result in 68 new jobs at the beverage production facility along Interstate 69.

Manufacturer seeking incentives for $30M expansion, 288 jobs in Noblesville

December 6, 2022 | Daniel Bradley

SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.

Opioid settlement cash to be in local hands within a week

December 2, 2022 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

Months after Indiana’s attorney general said he’d send about 660 local governments their shares of the state’s $507 million opioid crisis settlement with drug manufacturers and distributors, none have received the money.

California biotech to invest $45M in Indy, hire 64 people

October 31, 2022 | John Russell

RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest in improvements and equipment in a former warehouse for e-commerce giant Amazon.com Inc.

City seeking bids for parking lot north of Old City Hall

October 21, 2022 | Mickey Shuey

City officials see the 0.65-acre parcel at 222 N. Alabama St. as a connector between the Mass Ave cultural district and the Market East area, potentially with a hotel or apartment project.

Soybean processor Bunge plans $445 million expansion in Shelby County

October 7, 2022 | Peter Blanchard

A St. Louis-based grain and soybean manufacturer is planning to invest $445 million to expand its processing plant in Morristown.

Council pledges incentives for proposed $2.4B battery plant in New Carlisle

September 27, 2022 | Alex Brown, Inside INdiana Business

The South Bend Regional Chamber says if the New Carlisle site is chosen for the project, the plant could generate an estimated $652 million in annual economic impact once fully operational.

Italian manufacturer expands plan for Fishers by $367M, 265 workers

September 14, 2022 | IBJ Staff

City officials said Stevanato Group wants to increase its total investment in its Fishers plant to $512 million and its hiring plan to 515 employees. The facility is under construction near 126th Street and Cumberland Road.

Indiana plans 100 EV fast-charging stations on major roads

September 9, 2022 | Peter Blanchard

About 40 stations, including roughly a dozen in the Indianapolis area, will be partially funded through Indiana’s $100 million portion of the $1 trillion Bipartisan Infrastructure Law passed last November.

Developer: Proposed Indy Eleven stadium won’t need more state support

September 2, 2022 | Mickey Shuey

The Indy Eleven soccer team owner said he is confident his plans for a downtown stadium won’t hinge on asking for more state tax dollars than already promised, despite the project’s cost increases since the Legislature agreed three years ago to help fund it.

Editorial: Indiana’s future economy demands relentlessness

August 26, 2022

The state needs to keep up its frenetic drive toward economic progress and boost its pool of educated tech workers if it hopes to surpass other states and become a technology hub for the heartland and the nation.

Holcomb leads Indiana delegation to Taiwan, South Korea in search of high-tech investments

August 21, 2022 | Greg Weaver

Gov. Eric Holcomb’s visit will tout the Hoosier state as a key place for Asian companies to invest and manufacture computer chips and electric vehicle batteries.

Battery maker seeks tax break to build potentially massive plant in Indiana

August 18, 2022 | Alex Brown, Inside INdiana Business

A joint venture between General Motors Co. and LG Energy Solution has filed a tax abatement application for a facility in New Carlisle that—based on similar projects elsewhere—could bring more than $2 billion in investment and more than 1,000 jobs to northern Indiana.

Lauth finalizes purchase of Ford Visteon site, with plans for 2M-square-foot industrial park

August 17, 2022 | Mickey Shuey

Carmel-based developer Lauth Group Inc. said Wednesday it has acquired the former Ford Visteon campus on the east side of Indianapolis and is moving ahead with plans for a $175 million, multi-tenant industrial park on the site.

Terre Haute casino expected to boost local revenue, tourism

July 22, 2022 | Sam Stall and Associated Press

Once the Queen of Terre Haute Casino Resort opens, the city is expecting about $10 million in casino tax revenue every year for the next 10 years.

Developer buys Diamond Chain site for Indy Eleven soccer stadium, mixed-use district

June 24, 2022 | Mickey Shuey

The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.

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.

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