The Carmel City Council introduced a proposal on Monday to establish four new waterway districts that would allow the city to pursue additional alcoholic beverage permits.
Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant
A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.Read More
IBJ Podcast: Can Cook Medical help turn an Indy neighborhood around?
Host Mason King talks with Pete Yonkman, president of Cook Group and Cook Medical, and Ashley Gurvitz, executive director of United Northeast Community Development Corp., about a plan to build a $15 million manufacturing plant in a low-income Indianapolis neighborhood.Read More
Maryland Street parking garage to be razed early next year
The 770-space parking structure at 121 E. Maryland Street is set to be torn down starting in March or April, according to a demolition contract approved by the Capital Improvement Board on Friday.Read More
Rahal Letterman Lanigan Racing plans $20M Zionsville HQ
The project will allow RLL to moves its its IndyCar operations in Brownsburg and its International Motor Sports Association operations in Hilliard, Ohio, to one 13-acre site in Zionsville’s Creekside Corporate Park.Read More
The Indiana Economic Development Corp. offered NewCold more than $2.8 million in conditional tax credits based on the company’s plans to hire 202 workers by the end of 2023.
Netherlands-based NewCold, an advanced cold storage logistics company, is considering a 55-acre parcel along Council Drive in the Lebanon Business Park as a potential location for its new 384,300-square-foot warehouse.
HealthCare.com provides an online platform that allows insurance shoppers to compare plans and prices, then talk to an insurance agent to buy a plan. Last year, more than 3 million people visited the website.
The Fishers City Council on Monday approved two economic development deals that are expected to lead to a combined $96 million in investment.
The Joint Hypersonics Transition Office Systems Engineering Field Activity hub will be located at Naval Surface Warfare Center in Crane. A team of 30 engineers and program managers will be based there to support the program.
The Idaho-based veterinary and agricultural animal health products supplier plans to spend $5.8 million to expand its local operations.
Plus, Feltman provides an update on how IBJ is doing during the pandemic and what he sees as the news organization’s future.
GadellNet Consulting Services, which opened a Carmel office in 2015, plans to boost local employment by about 85 workers over the next five years.
The Westfield City Council approved issuing a $5 million general obligation bond for a new roundabout, new police vehicles, a fire truck, public safety equipment and early-stage investments in a roundabout and two road reconstruction projects.
The state has seen a lower-than-expected response to its Small Business Restart Fund, which it launched in June to help companies with fewer than 50 employees cover the costs of pandemic-related expenses.
Each Notre Dame home football game typically brings in about $17 million in visitor spending to St. Joseph County and $22 million for the overall region, according to the most recent study.
Angela Smith Jones, deputy mayor for economic development for Indianapolis since 2016, is joining Health and Hospital Corp. as the vice president of diversity and inclusion.
Carmel-based SEP and Indianapolis-based developer Pure Development Inc. are partnering to build the 70,200-square-foot facility in Westfield by the end of next year.
Through the end of the year, Hoosiers with an associate’s or bachelor’s degree can also receive free training in high-growth, in-demand jobs. In addition, the state has expanded the money companies can receive to train workers.
The terminated economic development agreement called for a $280 million mixed-use redevelopment of the former 31-acre General Electric campus with new commercial and retail space. The site once employed more than 10,000 GE workers.
In the past seven years, the drugmaker has received tax breaks worth nearly $40 million in exchange for investing more than $500 million at its Indianapolis properties.
Some economists have even warned that a so-called “double-dip” recession, in which the economy shrinks again after rebounding, could develop.
Indiana boasts nearly 200 farmers markets statewide that play a vital role in the local economies, according to research done by Purdue University.
The report evaluated Indiana in four general areas—talent, business climate, infrastructure and creative culture—and considered educational attainment, per-capita income, government spending, health insurance premiums, smoking and obesity rates, energy prices, internet connectivity and entrepreneurship.