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1,285 results for 'abatement'

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Articles

Delta expanding operations in central Indiana

July 17, 2013

Delta Faucet said it plans to spend about $12 million to renovate and equip its 380,000-square-foot facility in Greensburg, adding about 160 employees by 2014.

Two automotive suppliers plan expansions in Marion County

July 12, 2013

Innovative Coating Solutions and Reflex & Allen USA expect to add a total of 93 employees over five years and are seeking tax breaks on $3.5 million in new equipment.

San Diego wellness-program firm plans 300 jobs in Carmel

July 11, 2013

American Specialty Health has lined up office space along North Meridian Street. The company may establish Carmel as its new headquarters.

Aging east-side shopping center to be redeveloped

July 8, 2013

A local developer has received city approval to rezone 10 acres at Fall Creek Parkway and East 56th Street as part of a plan to demolish a mostly vacant retail center and replace it with a 42,000-square-foot anchor grocery store and other shops.

Hostess set to resume full production in Indy

July 3, 2013

Hostess Brands LLC wants to have its Indianapolis plant in full production by the end of next week, an executive said Wednesday. The company received a tax incentive agreement worth $536,000 from the city on Wednesday.

Hostess prepares to open plant despite tax-break question

June 25, 2013

Hostess Brands LLC has asked the city for a tax abatement on $10 million in new equipment. City officials might decide on July 3, but Hostess is moving ahead with its plans to reopen the plant that closed in November.

City to review tax breaks for five tech firms

June 20, 2013

The biotech and technology companies could see their Marion County tax abatements reduced or cancelled if officials decide they didn’t fulfill promises on new investment and hiring.

Incentives draw industrial developer to AmeriPlex

June 17, 2013

A city tax abatement has led Atlanta-based Industrial Developments International to build a 794,608-square-foot speculative building in AmeriPlex and to plan construction of another, 460,000-square-foot building there.

Japanese auto supplier adding 103 jobs in Columbus

June 14, 2013

Sunright America, a maker of nuts, bolts and specialty fasteners, plans to invest $35 million to build and equip two additional facilities on its 33-acre campus.

Governments helped fuel nursing-facility developer’s rise

June 13, 2013

Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives.

Out-of-state developer pitches $75M Carmel project

June 11, 2013

Baltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion of the commercial property to residential use with hundreds of apartments.

Bio-Response expanding in Hendricks County

June 10, 2013

Wastewater equipment maker is moving to a Danville business park to build a $1.1 million facility.

Manufacturer plans $30.2M expansion in Franklin

June 7, 2013

NSK Corp. and NSK Precision America Inc. said the project will allow them to hire 46 additional workers by 2016 at their 63-acre corporate campus.

Miller Pipeline plans $5.3M expansion, more jobs

June 5, 2013

The Indianapolis-based subsidiary of Vectren Corp. plans to construct a 52,000-square-foot building at its 34-acre corporate campus at 8850 Crawfordsville Road.

Company news

June 3, 2013

Carmel-based Mainstreet Property Group plans to build a 100-bed “health care resort” on seven acres at 5404 Georgetown Road, according to a tax-abatement request filed with the city. The $9.25-million, 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style dining with an on-site chef, spokeswoman Kate Snedeker said. Seventy of the beds would be for skilled nursing and 30 for assisted-living residents. Mainstreet would lease the property to a third-party operator, which hasn’t been identified. Mainstreet estimates the operator would employ 80 people earning an average $17.30 per hour. Mainstreet is seeking a three-year property-tax abatement that would save the company about $468,000, according to a preliminary resolution that goes before the Metropolitan Development Commission on June 5.

Indiana University and Purdue University joined nine other members of the Big Ten athletic conference June 1 to form the Big Ten Cancer Research Consortium. The schools intend to conduct collaborative clinical trials to develop insights and products to treat cancer. Indianapolis-based cancer research organization Hoosier Oncology Group will serve as administrative headquarters for the consortium. Since 1984, Hoosier Oncology Group has initiated more than 150 clinical trials with more than 4,000 patients. “The advantage of this, particularly during a time of austerity for research, is that we can build upon the strengths of the institutions and fortify some of the shortcomings,” Dr. Patrick Loehrer, director of the IU Melvin and Bren Simon Cancer Center, said in a prepared statement.

Eli Lilly and Co. suffered a setback on one of its attempts to win approval for new indications for its blockbuster lung cancer drug Alimta. The drug did not extend progression-free survival times longer than the old chemotherapy drug paclitaxel when studied in a clinical trial of patients with nonsquamous non-small lung cancer. Paclitaxel, or Taxol, was given to patients with two other chemotherapy agents, carboplatin and bevacizumab. Alimta was given to patients along with carboplatin. Alimta had nearly $2.6 billion in global sales last year, but its rate of growth slowed to just 5 percent. Lilly hoped a new indication would reignite Alimta growth rates, helping it offset revenue Lilly will lose in the next year as patents on its drugs Cymbalta and Evista expire. Alimta, by contrast, has patents that will likely extend its life through 2021.

Wind farm opponents hope for 2-year decision delay

May 31, 2013

Muncie and Delaware County plan commission chairman Tom Green urged county officials on Thursday to study the impact of existing Indiana wind farms for at least two years before deciding how to regulate them in Delaware County.

Mainstreet plans $9.2M nursing home on northwest side

May 31, 2013

The 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style dining with an on-site chef.

FedEx seeks to build $34M distribution hub at Ameriplex

May 31, 2013

FedEx is looking to nearly double the size of its SmartPost distribution operations on the city's southwest side by building a bigger hub at the Ameriplex Indianapolis business park.

Westfield’s ‘Grand’ plans extend downtown, too

May 28, 2013

More than five years in the making, Westfield’s $20 million Grand Junction initiative is moving forward. Mayor Andy Cook said the project already is paying off.

Waste-management firm hit with environmental fines

May 23, 2013

Some of the violations cited by the state are related to poor handling of hazardous materials at the Heritage-Crystal Clean Inc. facility in Speedway.

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