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Phil Powell: A sound vision for inclusive economic growth in Indy

September 6, 2019

The attraction, retention and development of talent determines our region’s prosperity. Enhancing the viability of Indianapolis as a place to live and work is a dominant priority for business and government leaders. It is our best way to compete as a region.

BOHANON & CUROTT: Manufacturing won’t revive Muncie—or any town

September 6, 2019 | Cecil Bohanon / Special to IBJ and Nick Curott / Special to IBJ

The future of older manufacturing towns is not in manufacturing. Economic development must be about more than attracting new smokestacks to old brownfields

Global gas manufacturer seeks $2M tax break on $38.3M project

August 19, 2019 | IBJ Staff

An affiliate of Germany-based Messer Group wants to build a new facility on the south side of Indianapolis for making atmospheric gases for health care providers, food processors, and glass and metal fabricators.

EDITORIAL: New economic incentives strategy is product of collaborative effort

August 2, 2019

We’re behind the effort, but can’t overemphasize the need for follow-up.

Scannell planning to build $14.5M distribution facility for PepsiCo

August 2, 2019 | Mickey Shuey

The 200,000-square-foot southeast-side project would be constructed for PepsiCo subsidiary P-America LLC, which has multiple facilities around Indianapolis.

City to tie incentives to $18-an-hour pay

July 25, 2019 | Hayleigh Colombo

Starting Jan. 1, Develop Indy will change the way it awards millions of dollars in tax abatements and training grants annually. Only businesses that pay workers at least $18 an hour, give them access to health care benefits and support other community programs will be eligible.

Council committee stalemate could stall plans for $66M apartment development

July 23, 2019 | Mickey Shuey

The Metropolitan and Economic Development Committee of the City-County Council could not reach a consensus Monday on a recommendation for a long-delayed 11-story downtown project at 421 N. Pennsylvania St.

Developers embrace challenging rehab projects but foresee fewer opportunities ahead

July 10, 2019 | Mickey Shuey

A number of major projects are underway now, but developers say activity might slow when those projects wrap up.

Roundtripper, Peterson land tax abatements for Westfield projects

July 9, 2019

Roundtripper Baseball Academy is expanding its baseball facilities in Westfield and The Peterson Co. plans to build an office and warehouse facility for a Fishers company that plans to relocate.

Developer plans $17.5M apartment project on southern edge of downtown

June 28, 2019

Indianapolis-based BWI LLC is requesting a city property tax break for the 97-unit development that would save it $1 million over 10 years.

TWG seeks tax break for $26M apartment project at old IPS site

June 18, 2019

TWG Development could save $1.4 million on the 188-unit Wesmont, named after jazz guitar legend Wes Montgomery. It’s part of the company’s larger redevelopment project south of East 16th Street and east of the Monon Trail.

Puma plans $40M-plus Whitestown distribution center, 90 jobs

June 7, 2019

The sports footwear and apparel company is negotiating a lease to open in a roughly 635,000-square-foot building at 3519 Perry Boulevard.

City orders Delco Foods to pay nearly $100,000 for breaking incentive deal

June 5, 2019

A local food distribution company that plans to move its operations to Whitestown next year will have to pay off $98,406 in tax breaks, the Metropolitan Development Commission ruled this week.

Appeals court says Gary’s lawsuit against gun makers can proceed

May 24, 2019

The Indiana Court of Appeals on Thursday revived the city of Gary’s lawsuit against 10 handgun manufacturers, thwarting the Indiana General Assembly’s attempt to derail the legal action in 2015.

Cummins plans $35M office building in Greenwood as part of $68M expansion

May 16, 2019

Cummins Inc. said it plans to spend more than $68 million to expand operations in Columbus, Greenwood and Indianapolis as it grows its new Electrified Power business segment. The company will move about 500 jobs to Greenwood.

Drug research firm Covance plans $17.5M expansion, 203 jobs

May 14, 2019

Plans call for the company to spend $11.8 million on the real estate improvements and another $5.7 million on new IT equipment and freezers.

Genesys, city working toward deal on tax abatement issues

May 9, 2019

Genesys, which acquired Interactive Intelligence in 2016 and made extensive job cuts following the purchase, is working on the city to update its tax-incentive agreement after failing to comply with previous requirements.

Seed company Beck’s plans $62M expansion of Hamilton County HQ

May 2, 2019

The Atlanta-based company said the expansion would double its processing capacity and add 56 jobs over the next few years.

Lilly creates public downtown park on edge of its headquarters campus

April 25, 2019

The city’s newest park is springing up on the south side of downtown, a district quickly filling up with apartments, offices and retail—and a noticeable shortage of public green space.

Packaging maker plans $75M facility, 140 jobs in Lebanon

April 23, 2019

The Lebanon City Council Monday night approved a tax break valued at $1.3 million for U.S. Corrugated Inc., which plans to open a 470,000-square-foot manufacturing facility.

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