Lev added 92 employees in 2019, exceeding the goal of 70 new hires that it set when it announced the move of its headquarters to Indianapolis in February 2019.
Holcomb announces $400M Fiat-Chrysler investment, teacher pay plan in speech
According to Gov. Eric Holcomb’s prepared remarks, Fiat-Chrysler will invest $400 million in its Kokomo facility and hinted that an announcement will be made on Friday from Toyota in Princeton.Read More
IBJ Podcast: Deciphering 5G and the new Indiana 5G Zone
Host Mason King talks with Bill Soards, president of AT&T Indiana, and Sean Hendrix, who is the director of emerging technologies and partnerships for Purdue Research Foundation, about why 5G matters and how it could be used in the manufacturing, agricultural and other sectors.Read More
Penske’s IMS deal means hundreds of acres of opportunity, real estate experts say
The acquisition of Hulman & Co. will give Penske Corp. control of about 37% of all the land in Speedway, making the company the town’s single-largest landowner. Roger Penske said he wants to take advantage of that land.Read More
Program to spur growth is not limited to poor communities
The area that includes the Fletcher Place neighborhood and the southeast corner of downtown is one of the hottest parts of Indianapolis, yet it’s included in a federal program designed to spur investments in poor neighborhoods.Read More
Indianapolis’ economic development agency negotiated 67 relocation or expansion projects in 2019, the city announced Tuesday.
The shop in Castleton is expected to open in March and will sell fresh baby food plus merchandise for both babies and mothers. The company also offers baby food subscription boxes.
The tax abatement is for equipment the artisanal, vegan chocolate maker and distributor plans to use at at its new, 12,870-square-foot facility in the Circle City Industrial Complex, 1125 Brookside Ave.
The state plans to welcome hundreds of business and economic development leaders to Indianapolis in the spring for its first-ever Indiana Global Economic Summit.
Nice-Pak Products, a manufacturer of wet wipes for consumers, health care, food service and other commercial markets, announced plans Wednesday to build a 760,000-square-foot production and warehousing facility in Mooresville, creating 90 jobs.
Hamilton County officials are taking a more narrow approach than the state’s other 21st Century Talent Regions to promote educational attainment, foster higher incomes and grow its population.
The Fishers City Council gave preliminary approval Tuesday to a 10-year tax abatement for the developers of the Hub & Spoke building and approved $3.125 million in road project bonds.
An investigation into Amazon employee injuries by a national not-for-profit journalism organization accuses Indiana Gov. Eric Holcomb’s administration of absolving the online retail giant of any accountability in an Indiana worker’s death at the same time the state was bidding for the company’s coveted second headquarters.
Energizer Manufacturing Inc. is seeking tax breaks from the city of Franklin in return for opening a $62.7 million packaging and distribution center in Franklin Tech Park, just east of Interstate 65 and south of State Road 44.
University research budgets and federal funding levels are seen as increasingly important drivers of economic development as they give rise to more licensed technology and startup companies.
Seven in 10 Americans prefer not to switch back and forth to mark daylight saving time, a new poll shows. But there’s little agreement on which time clocks ought to follow.
The 16 Tech Community Investment Fund is seeded with $3 million and plans to issue up to $1 million in grants in 2020.
One sign will target Illinois’ regulations for being “insane” and one uses the first three letters in the word “Illinois” to claim that the state’s tax system is “ill.”
Indianapolis Mayor Joe Hogsett said Tuesday that the city intends to use New Markets Tax Credits from the U.S. Department of the Treasury to support development projects involving the Madam Walker Legacy Center, the Wheeler Mission Center for Women and Children and two other groups.
The facility will offer a range of technology disposition services, including data erasure and drive destruction, processing, remarketing and recycling.
The Virginia-based firm said Tuesday it has invested $18 million to set up a 70,000-square-foot biologics logistics center near the Indianapolis International Airport. It is currently hiring managers and technicians.
Aptive Plc, a mobility tech company formerly known as Delphi Automotive, plans to open a $9 million engineering lab in Westfield, the city announced Monday night.
Gordon Food Service plans to hire and train more than 200 workers for the distribution center at hourly wages of $20 to $25 an hour before the facility opens in late 2021. Longer term, employment at the facility is expected to be much greater.
Real estate developers and experts suspect the firm couldn’t get access to enough capital to move forward with the massive, 103-acre development. Opinions are mixed on whether the site should remain intact or be split into multiple projects.