Mayor Greg Ballard’s chief deputy has spent the past six months telling community and business leaders that the city simply cannot cut its way out of its revenue problems; it also needs to attract more people to live within city boundaries so they will pay their income tax to Indianapolis.
A pair of legislative panels approved changes Tuesday for competing House and Senate tax measures that would cut taxes on business equipment and corporate earnings.
ID Castings LLC plans to resurrect the property on South Eighth Street, an eyesore that has been underused for years. The company is asking the city for a $1.3 million tax break.
The House Ways and Means Committee and the Senate Tax and Fiscal Policy advanced two separate measures Tuesday that would cut the state's corporate income tax and the state's business equipment tax in certain cases.
Three time-worn buildings on the old Noblesville Foundry property are set to come down this spring to make way for a 260,000-square-foot factory employing 50.
Subaru is moving ahead with its plans for spending more than $400 million to expand and upgrade its Lafayette factory while significantly scaling back the expectations for new jobs.
The Senate voted 33-15 Tuesday to advance the package, sending it to a conference committee of House and Senate members.
Local governments have loudly fretted about the potential loss of tax dollars from a reduction or elimination of the business personal property tax, and raised concerns about forcing intrastate competitions for business relocations.
Amazing how deadlines—particularly pushing them forward—can ensure compromise in the General Assembly’s conference committee process.
Before we get down to evaluating economic development incentives, we ought to understand just what it means to “create a job” and how we can honestly evaluate tax incentive policies.
The corporate income tax and state banking tax would be reduced to 4.9 percent and local governments would be left to decide whether to cut the business equipment tax.
OSP Group is in the midst of re-evaluating its national distribution network and has identified major improvements needed at the center, which employs 625.
The firm intends to make its facility north of 56th Street on Guion Road the main hub for more than a dozen other regional distribution centers, and to hire 60 more workers.
As a site consultant for over eight years, I worked for those “footloose businesses that could locate anywhere” Michael Hicks talks about in his [March 17] column “Focus on real job creation.” We helped these companies choose the best states and communities for their expansion projects.
Minneapolis-based 3M spent nearly $16 million in 2008 on local buildings and equipment for Aearo Technologies, but hasn’t hit hiring targets set out in a seven-year tax-abatement agreement.
The Indianapolis Star is developing a pattern in covering Gov. Mike Pence and his dealings with the Legislature.
Carmel-based Heartland Food Product Groups is seeking nearly $1 million in tax breaks on building work and new equipment for its Indianapolis production facility.
TCC Software Solutions is spending $1.8 million to rehab the vacant building at 1022 E. 52nd St. and hopes to move in by the end of July.
The growing family-owned seed company had been working with Hamilton County officials on incentives. An economic development announcement with state officials is planned for Wednesday morning.
Indiana-based Beck’s, the country’s largest family-owned seed company, said the expansion will include research labs, greenhouses, office space, and seed-processing facilities and equipment.
