IPL plans $25M power-storage facility at Harding Street plant
The utility is seeking a $3.1 million tax incentive that it says will help it retain 791 employees in Marion County.
Economic Development Agencies
Articles
State to spend $750K in developing ad campaign to undo harm
Indiana is going to pay a New York public relations firm up to $750,000 to come up with a plan to try to rebuild the state's damaged image after widespread criticism over the Religious Freedom Restoration Act.
Iron ore maker with huge Indiana plant seeks bankruptcy
Magnetation LLC, which operates a massive iron ore pellet plant in Indiana, has filed for bankruptcy. The company announced plans for the Reynolds plant in late 2012, saying it would spend as much as $350 million on the facility and create up to 100 jobs there by the end of this year.
Beverage bottler plans $6.3M local distribution center
American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.
Local environmental firm planning expansion
Locally based Environmental Forensic Investigations Inc. plans to move into a larger headquarters near downtown, doubling its employment to 84 over the next five years.
Health care referral service plans to hire 180 by 2019
Indianapolis-based HealthPro suggests health care providers to patients based on the providers’ prices, proximity and availability.
Pence planning May trade mission to China
Pence will travel with a delegation of Hoosier business leaders to Beijing, Shanghai and Hangzhou, the capital city of Zhejiang Province, Indiana’s Chinese sister-state. The delegation plans to leave May 9 and return May 16.
Carmel HR consulting firm plans expansion
Human resources consulting firm HRD Advisory Group LLC plans to expand its Carmel headquarters, adding 25 employees by the end of 2019, the company announced Tuesday night.
Economic development exec leaves Indy Chamber
Martin Vanags, who leads economic development efforts for the Indy Chamber, is moving on to a new position in upstate New York.
Former Chamber chief tapped to run Elevate Ventures
Christopher LaMothe, who led the Indiana Chamber of Commerce as president from 1992 to 2002, has been named CEO of Elevate Ventures, a not-for-profit investment group that runs the Indiana Angel Network Fund.
Chamber, neighborhood group endorse justice center
The organizations see the controversial, $1.6 billion project as a catalyst for redevelopment downtown. A City-County Council committee is set to weigh the proposed development deal Tuesday night.
State taps PR firm to boost tourism, economic development
The Indiana Economic Development Corp. announced Monday it was collaborating with the Indiana Office of Tourism Development in hiring Porter Novelli to strengthen Indiana’s reputation “as a welcoming place to live, visit and do business.”
Muncie firm to hire 300-plus for new HQ by 2024
A-Son’s Construction Inc. plans to consolidate its operations into an existing structure whose location is under wraps for now.
New York manufacturer targets city for HQ move
Opflex Technologies LLC, a manufacturer of specialty foam products, is in discussions with city officials to move its headquarters from St. Johnsville, New York, to the northeast side of Indianapolis.
Thailand-based manufacturer plans 135 jobs in Anderson
Food container manufacturer Royal Interpack North America Inc., a subsidiary of Thailand-based Royal Group, announced plans Tuesday to spend $11.9 million to open its first Midwest plant.
Raytheon reaches $5.4 million incentive deal with state
The defense and aerospace contractor plans to add another 249 workers to its existing work force of 912 in Indianapolis by the end of 2020. It also plans to invest about $26 million on the local expansion.
Raytheon planning to move 250 jobs to Indianapolis
Gov. Mike Pence, Raytheon executives and officials for the Indiana Economic Economic Development Corp. have scheduled a Monday afternoon press conference at Raytheon Technical Service Co. LLC to officially announce the local expansion.
Local companies plan to add nearly 50 more workers
Two Indianapolis-based companies have reached incentive agreements with the state's economic development agency to create nearly 50 jobs in total over the next four to five years.
Stairmaker moving to Indiana with 180 jobs
American Stair Corp. plans to invest $2.9 million to purchase, renovate and equip a 60,000-square-foot plant. State officials are offering $1.7 million in tax incentives.
Lubricant company to boost production, hire 25
Lebanon-based D-A Lubricant Inc. on Tuesday announced plans to expand local operations as it relocates production of a Pennsylvania company it acquired last year.