City calls off Haverstick, Redcats tax incentives
Two Indianapolis companies that received tax-abatement agreements from the city in 2007 have had the incentives canceled for failing to meet investment and employment goals.
Economic Development Agencies
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Carmel also likely competing for CME Group
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
Rolls-Royce tax-incentives deal set for hearing
A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown’s Faris campus is scheduled for an initial hearing Wednesday.
Food company closing in Indiana has unpaid bills
An organic food company that is closing its eastern Indiana preparation center was offered up to $3.5 million in state tax credits to open its plant, but it owes more than $31,000 in property taxes and sewer bills.
Packaging company plans to add 63 jobs in Lawrenceburg
Toronto-based IntraPac said it will move operations from New Jersey to the southeastern Indiana town and build an 80,000-square-foot plant that should open in February.
Logistics company plans 315 jobs in North Vernon
Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.
Auto supplier plans to add 100 jobs in Logansport
Federal-Mogul Corp. said it will add the jobs next year as part of a $2.7 million expansion to purchase new machinery and equipment for its 170,000-square-foot manufacturing plant and 15,000-square-foot technical center.
New Indiana commerce chief focuses on small companies
The new head of the Indiana Economic Development Corp. says the agency is turning its focus to smaller companies and getting them to relocate to the state so they can build their roots.
Turkish manufacturer selects Muncie for U.S. headquarters
Kermit USA, a manufacturer and distributor of resin-composite roofing systems, plans to add 70 jobs by 2016 as part of a $12.5 million expansion in the Delaware County city.
Heartland Sweeteners plans $10M upgrade to Indy plant
Heartland Sweeteners LLC plans to spend nearly $10 million to upgrade its Indianapolis plant and potentially boost its work force there by 39 employees in the next five years.
Unproven entrepreneur promises 1,100 local jobs
A West Hollywood businessman hopes to build hundreds of trucks outfitted with giant video screens. The product is unproven and so is Bob Yanagihara, the ambitious 50-year-old behind it.
Indiana making hay from Illinois’ tax mayhem
Many Illinois firms are serious about moving or expanding out of state—and Indiana economic development officials are racing to capitalize.
Software firm plans to open downtown office, add 250 jobs
Massachusetts-based Kronos Inc., a work force management software firm, plans to create 250 jobs by 2015 as part of a $5.1 million expansion to Indianapolis. The company will occupy 31,000 square feet in downtown’s PNC Center.
Manufacturer to beef up Frankfort operations, adding 160 jobs
LEP Special Fasteners Inc. will relocate parts of its management, sales and distribution functions from Elgin, Ill., and expand its current manufacturing plant in Frankfort by 250,000 square feet.
Printing manufacturer to expand in Tipton, create 35 jobs
Bottcher America Corp. will invest $2.1 million to purchase new gear and create a 30,000-square-foot addition to its current facilities.
Furniture manufacturer plans expansion, 120 more jobs
Goshen-based Wieland Designs Inc. said it will add the jobs by 2015 as part of a $1 million investment to improve existing facilities and purchase specialized machinery to enhance production.
Kodak official: Company keeping R&D center in Ohio
Eastman Kodak Co. reportedly looked at relocating a 500-person research-and-development center to Indiana, but will instead stay put in Ohio, according to a company official.
Steering parts manufacturer plans local expansion
Bishop Steering Technology Inc., an Indianapolis company specializing in designing rack-and-pinion steering gear, plans to expand, creating 25 additional jobs by 2014, the Indiana Economic Development Corp. said Friday.
Indiana trade delegation leaves for Japan after delay
An Indiana trade delegation led by Lt. Gov. Becky Skillman is on its way to Japan after being delayed by a typhoon.
Auto parts manufacturer to open plant in Steuben County
Michigan-based CTA Acoustics Inc. plans to add 140 jobs by 2014 as part of a $9 million plan to open a plant in the town of Orland in northeastern Indiana.