With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
The distribution company, currently located on the north side of Indianapolis, is building a 230,000-square-foot facility in Greenwood’s Southpoint Business Park.
The trucking company will move from the east side of Indianapolis to Mount Comfort in Hancock County, where it will have room to grow and better access to Interstate 70 for its drivers.
A leader in economic development through her work with Indy Partnership/Indy Chamber, Boone County Economic Development Corp. and the city of Indianapolis, Katie Culp has 16 years of experience working with clients and on projects in 46 states.
The company said the expansion would help it retain 68 employees in Marion County who make an average of $28.85 per hour and hire 82 making similar wages over the next five years.
Cornerstone Autism Center plans to hire about 30 employees in the next year in the 96-year-old Polk Building, which is undergoing a major rehab by its new owner.
As the manufacturer prepares to move its Indianapolis operations to Mexico, city officials are demanding a refund in tax incentives received by the firm.
True Fabrications Inc. has proposed occupying an existing 125,194-square-foot building in Warren Township to use as its first regional distribution center outside of Washington.
The book publishing company plans to invest $2.5 million to create the jobs and add new equipment in three buildings that total nearly 2 million square feet in the Lebanon Business Park.
The resolution directs the manufacturer to pay back the money and authorizes the Department of Metropolitan Development “to take such action as is necessary to recover said damages.”
The Columbus-based engine maker will receive a 10-year personal property tax abatement on IT equipment for its new nine-story building, where it plans to employ about 250 workers by next month.
Interactive Intelligence in 2014 said it would add 430 Hoosier employees—plans it leveraged to hash out city and state tax incentive agreements. But it's local employment hasn't changed much since.
Much has changed in recent decades to reduce the ability of White House leaders from wielding undue influence when it comes to helping individual states.
The company, which expects to nearly double its current employee count, began renovations to its facilities in late 2016 and could begin operations this month.
The Metropolitan Development Commission is slated to vote Wednesday to terminate a tax-abatement agreement with Indianapolis-based GrinOn Industries LLC, makers of the “Bottoms Up” beer-dispensing system, which fills cups from the bottom.
The owner of four IndyCar racing teams says the tax abatement would help offset costs related to a 40,000-square-foot addition the company wants to build at its northwest-side headquarters.
