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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.

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.

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.

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