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Opioid settlement cash to be in local hands within a week

December 2, 2022 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

Months after Indiana’s attorney general said he’d send about 660 local governments their shares of the state’s $507 million opioid crisis settlement with drug manufacturers and distributors, none have received the money.

Manufacturer seeking incentives for $30M expansion, 288 jobs in Noblesville

December 6, 2022 | Daniel Bradley

SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.

Nestle seeks tax break for $400M expansion in Anderson

December 6, 2022 | Wes Mills, Inside INdiana Business

The firm says the expansion likely will result in 68 new jobs at the beverage production facility along Interstate 69.

Noblesville City Council approves incentives for $30M SMC expansion plan

December 6, 2022 | Daniel Bradley

SMC Corp. of America plans to expand its total workforce in Noblesville to 1,157 by 2032.

Lawmakers cautiously eye property-tax relief with big bills on horizon

January 6, 2023 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

Indiana lawmakers are drawing up changes to the state’s property-tax system, with rising assessments last spring pointing toward potentially high bills this year. But their approach has been cautious.

Optometry business plans new office, more staff in Greenwood

January 6, 2023 | IBJ Staff

The Greenwood Common Council this week voted unanimously to approve the creation of an economic revitalization area and provide a real property tax abatement for VisionQuest Eyecare.

Motorsports team HMD converting former Marsh to new Brownsburg headquarters

January 17, 2023 | Mickey Shuey

Renovations to the building are already underway, with HMD expected to move into the facility sometime in the summer.

Bastian Solutions to build $130M corporate HQ, manufacturing campus in Noblesville

January 24, 2023 | Daniel Bradley

The company plans to create 250 new jobs over the next five years in Noblesville and retain and relocate 400 employees to the 580,000-square-foot complex.

Indiana tax cap proposal would help homeowners but hurt schools, local government

January 27, 2023 | Casey Smith, Indiana Capital Chronicle

A new study projects homeowners’ bills payable this year could increase as much as 15%. That’s more than double what previous reports estimated for the upcoming bills.

Indiana residential property tax relief bill draws opposition from schools, local officials

February 3, 2023 | Casey Smith, Indiana Capital Chronicle

Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.

Best Equipment Co. moving HQ from Lawrence to Noblesville

February 9, 2023 | Daniel Bradley

The company’s headquarters will be built on about 11.6 acres between the Nickel Plate Trail and State Road 37 at the northwest corner of East 141st Street and Herriman Boulevard.

Developer seeks $10.7M tax break on $79M apartment project

February 14, 2023 | Mickey Shuey

A team of two local developers planning the 273-unit Hall Place apartment project at 1720 N. Illinois St. promises to bring dozens of low-rent apartment units to the neighborhood northeast of the expanded Indiana University Health campus.

Monarch Beverage plans move to new $73M facility on Indy’s east side

February 16, 2023 | Mickey Shuey

The company plans to retain 500 workers when its relocates from its existing distribution center on Pendleton Pike in Lawrence to the new facility under development in Indianapolis.

Don Schumacher Motorsports plans $10.5M expansion in Brownsburg

February 16, 2023 | IBJ Staff

The expansion, which involves additional equipment at the existing facility and a new 32,500-square-foot building, is expected to increase employment by 42 workers.

Supplier for electric vehicles plans $48M move to Lawrence

February 21, 2023 | Mickey Shuey

Parker Lord plans to migrate 102 employees from its 214,000-square-foot existing facility at 5101 E. 65th St. and hire another 55 at the new facility in Lawrence.

Indianapolis mayoral candidates clash in first forum

March 13, 2023 | Taylor Wooten

Seven candidates for Indianapolis mayor discussed their policy plans in a candidate forum Sunday, but expected Democratic front-runners Mayor Joe Hogsett and State Rep. Robin Shackleford were no-shows.

Indy saw uptick in economic growth for marginalized groups

March 17, 2023 | Peter Blanchard

The 2023 Metro Monitor report from the Brookings Institute showed that in terms of inclusive economic growth Indiana rose from 101st out of 192 metro areas in 2019 to 24th in 2021.

Noblesville approves $9.5M bond, tax breaks for Bastian Solutions HQ

March 31, 2023 | Daniel Bradley

The company plans to create 250 jobs over the next five years in Noblesville with an average salary of $67,000 and retain and relocate 400 employees to the new corporate campus.

Indiana-based Oliver Winery planning $12.6M expansion

April 12, 2023 | Alex Brown, Inside INdiana Business

The winery said new products such as the Melon Mint Moscato, along with its mainstays like Oliver Sweet Red, have fueled the company’s continued growth.

Purdue-based biotech startup to hire 43 people at new Indy HQ

April 17, 2023 | John Russell

GeniPhys Inc. plans to lease 8,200 square feet in an existing 80,000-square foot industrial building at 7750 Zionsville Road in Pike Township as it sets up its operation.

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