Orthopedics company plans $27M Indiana project
Warsaw-based DePuy Orthopaedics expects to spend $20 million on manufacturing equipment and $7 million on research and development equipment and have it installed before 2014.
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Franklin Electric moving HQ, 220 jobs to Fort Wayne
Franklin Electric Co. Inc. says it will move its corporate headquarters from Bluffton to a $25 million development in Fort Wayne by 2013. The company has 220 employees and expects to add 35 more by 2014.
Another TIF test
Every proposed development that approaches a municipality expects a TIF district and tax abatements. They point out that every other municipality they approach is willing to give this to them. If you refuse, they go elsewhere.
City cracking down on noncompliant tax breaks
The city of Indianapolis is seeking to overturn property tax breaks for more than 20 companies that continued to apply for abatement even though they were unable to meet job commitments.
Packaging manufacturer plans to expand, add 80 jobs
Indianapolis-based DGP Intelsius LLC, a manufacturer and distributor of temperature-controlled packaging, announced on Tuesday morning that it plans to add 80 jobs by 2014 as part of an $870,000 expansion.
KENNEDY: TIFs have gone from good idea to bad
The Ballard administration is proposing to turn large swatches of the urban core into TIFs, robbing school districts and libraries of desperately needed revenue.
Manufacturer plans 400 jobs in Allen County
Iowa-based R3 Composites Corp. plans to establish a manufacturing center in the northeast Indiana town of Grabill, creating as many as 400 jobs by 2014.
Tech consultant Allegient plans expansion, 42 jobs
Carmel-based IT consultant Allegient LLC plans to grow its central Indiana operations, adding as many as 42 jobs over the next five years.
LAGWIG: Here’s a pol who hires honestly and pays taxes
The firefighter and police unions set up pickets outside his home. He was re-elected in no small part as a result of his training as a Marine artillery officer.
Illinois metals company moving operations to Indiana
The Indiana Economic Development Corp. says a producer of high-performance engineering alloys is moving its operations from Illinois to Indiana, creating up to 100 jobs by 2014.
Local IT consultancy plans to add 200 jobs
Knowledge Services, an Indianapolis-based information technology firm, plans to lease additional office space on the city’s north-east side to make way for 200 more workers by 2015.
Cities weigh new law allowing bigger tax breaks
Communities across the state are trying to decide how they will use a new law that provides them more flexibility to employ economic development incentives but could increase pressure to give companies more tax breaks.
Purdue Research Park nears capacity
Purdue just added a large tenant to the Indianapolis research park, bringing the total to 14.
Carrier to invest $36.5M in local plant, create 276 jobs
Carrier Corp. has spent $32 million to upgrade equipment in Indianapolis and plans to invest another $36.5 million to start a second production line, creating 276 jobs at the plant. The company is seeking a tax abatement to help offset the costs.
Navistar seeks more tax breaks after old deal failed
The company, which had planned to close its Brookville Road plant, now is set to create 250 new jobs by investing $19 million in new equipment. It previously received $18 million in tax breaks and repaid $5 million to the city.
Logistics firm planning 415 jobs in Plainfield
Ozburn-Hessey Logistics plans to expand its distribution center in the Hendricks County town and create up to 415 new jobs by 2015. Based in Tennessee, OHL is one of the largest third-party logistics providers in the world.
Crystal products maker plans expansion, 41 jobs
St. Regis USA Inc., a manufacturer of hand-etched and hand-painted glass and crystal products, plans to expand its operations in Indianapolis, creating up to 41 new jobs by 2014, the company said Thursday.
Container maker Arrow to expand, add 65 jobs
Corrugated container manufacturer Arrow Container LLC plans to expand operations at its Indianapolis headquarters, more than doubling its staff over the next four years.
Stonegate Mortgage to relocate growing firm to Indianapolis
Stonegate Mortgage Corp. will move its growing operation to Indianapolis in the next few months after a deal to expand in Fishers fell through.
Wind farm may fan economy in Madison County
E.ON Climate & Renewables North America is planning some 75 wind turbines as part of Madison County’s first commercial wind farm, one that could temporarily employ 150 construction workers and bring a dozen permanent jobs.