Cummins joint venture selects Mississippi as site for battery plant
The joint venture, which includes Cummins and three other companies, was formed last year for the purpose of building a battery plant for commercial vehicles.
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Industry vet named president of KSM Location Advisors
Mark Mitchell, an economic development executive with more than 25 years of experience, and Indiana roots, is expected to help KSM Location Advisors build its business in the southern United States.
Indy Chamber reveals videos from city’s Amazon HQ2 bid package
Indy Chamber President Michael Huber said the local bid package was “one of two that were personally handed to Jeff Bezos” by the Amazon team. The chamber is now repurposing some of the materials from the package for more economic development efforts.
Packaging maker plans $75M facility, 140 jobs in Lebanon
The Lebanon City Council Monday night approved a tax break valued at $1.3 million for U.S. Corrugated Inc., which plans to open a 470,000-square-foot manufacturing facility.
Facing opposition, Amazon reconsiders NY headquarters site, two officials say
It’s unclear what Amazon might consider as a Plan B if the New York project falls through.
Hogsett, Develop Indy tout efforts to foster jobs, corporate investment
The mayor and Indianapolis’ economic development agency said their negotiations with companies this year resulted in 74 relocation or expansion deals leading to pledges of 13,320 new or retained jobs.
Here’s what Amazon is getting, giving in site selections
Amazon stands to get nearly $2.5 billion in tax breaks and other incentives as part of its deals to open up two new East Coast offices and an operations hub in Tennessee.
Amazon bypasses Indy for massive logistics hub in Tennessee
Indianapolis is known as the Crossroads of America, but a site-selection expert said Amazon didn’t tell local officials that it was considering creating a 5,000-worker logistics and operations hub. Amazon has picked Nashville, Tennessee, for the hub, which will be the largest economic development deal in the state’s history.
Amazon targets big talent pools over smaller markets with split-HQ decision
The sites in Long Island City, Queens, and in Arlington, will be a boon for the New York and Washington, D.C., metro areas and highlight Amazon’s willingness to target big labor pools with pricey payroll over smaller markets offering lower costs of living.
Amazon near deals with New York, Virginia for split HQ2, newspaper says
Amazon.com Inc. will separate its proposed second headquarters into two locations, and is close to deals with both sites, The New York Times reported Monday.
Posh Intercontinental Hotel part of $141M redevelopment plan for two downtown buildings
Keystone Realty Group is in line to receive financing help from the city for an ambitious plan that would overhaul two nearly vacant office properties near Monument Circle and bring a prestigious Intercontinental Hotel to Indianapolis.
Records reveal Hogsett office’s efforts to stiff-arm press on HQ2 bid
Local and national reporters clamored for interviews with Mayor Joe Hogsett about Indianapolis’ chances, but city officials largely kept quiet while forwarding media to the Indy Chamber and influencing messaging behind the scenes.
Hotel operator sues airport authority, Infosys over lease termination
A Detroit-based hotel operator alleges the authority and the tech company colluded to wrongfully terminate its lease at a 257-room hotel at the airport to make room for Infosys’ high-profile innovation hub development.
Council panel advances $2.9M in financing for new Duke Realty headquarters
An Indianapolis City-County Council panel on Monday night unanimously advanced proposals that would help Duke Realty Corp. move its headquarters from Carmel to a new $28 million office building it would build in Indianapolis.
How well does Indy rate on Amazon’s scorecard for HQ2?
Using the criteria the internet giant set for its secondary headquarters, IBJ did some digging and reached some conclusions on the city’s fitness for the $5 billion project.
Amazon officials quietly visited Indianapolis last month in HQ2 search
The visit occurred the week of March 19, the same week Amazon officials were reported to have visited Chicago for two days.
Amazon’s incentives sure to be whopping
Any tax-incentive package to lure Amazon’s HQ2 to Indiana could easily top half-a-billion dollars and climb to more than $1 billion.
What could Amazon HQ2 bring to Indy? We asked experts to do the math.
A project of this size could actually change Indiana’s per-capita income. It could generate 30,000 spin-off jobs and produce hundreds of millions of dollars in state and local tax revenue.
Hogsett says Amazon bid focuses more on quality of life than sites, incentives
The mayor also told IBJ that the city is “prepared to look at anything and everything” that would help it secure Amazon’s planned second U.S. headquarters—as long as any action is fiscally prudent.
Bosma says Legislature might move on Amazon incentives this session
Indiana House Speaker Brian Bosma said lawmakers could move an incentives bill “expeditiously” to attract Amazon’s proposed second headquarters, if necessary, but he wouldn’t be in favor of doing what Wisconsin did to lure Foxconn.