Tedd Grain, who joined the Local Initiatives Support Corp. in 2009 and became deputy director four years ago, succeeds Bill Taft as executive director.
The business advocacy group is working with city officials and a consultant to develop a strategy for promoting Indianapolis’ musical assets—and then writing the next verse in a higher key and more robust tempo.
Records provided to IBJ give behind-the-scenes insight into the all-hands-on-deck effort to attract the $5 billion project to Indianapolis, including setting up secret meetings, weighing several possible sites, and discussing “creative” incentives such as building a charter school on the prospective campus.
The not-for-profit’s board recently approved a new mission—aimed at potential employees, rather than employers—and voted to eliminate the position of CEO and president.
The nation’s largest snack food company is adding two production lines and about 50 employees to its already-sizable operations about 45 miles northwest of Indianapolis.
SalesPond has opened a downtown office where it plans to employ more than three dozen people by the end of 2023.
Headquartered in Lebanon, Festool USA plans to add 80,000 square feet to its existing facility and has received tax incentives for the project from both the city and state.
A national credit-reporting and mortgage-data company founded in San Diego plans to spend nearly $3.6 million to establish its headquarters and operations center downtown in the Landmark Center.
The company could receive up to $1.025 million in state tax credits as part of its expansion plans, which include adding 2,000 square feet to its Fishers office.
A Fortune 500 company will invest $16.4 million in Boone County as it shutters warehouses in Illinois and Tennessee and consolidates those functions here.
The project from Louisiana-based Sazerac Co. is expected to create up to 110 jobs by 2021.
SF Motors Inc., a Silicon Valley-based electric vehicle developer and manufacturer, said it could hire as many as 200 workers at the Indiana plant by the end of the year.
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.
The economic development deal marks the largest jobs commitment the Indiana Economic Development Corp. has received since the agency was established in 2005. But it’s not the largest incentive package the state has offered.
The ultimate project, to be developed in phases over the next several years, is expected to be a $245 million, 141-acre complex with 786,000 square feet of facilities.
Gov. Eric Holcomb and state economic development officials have been pushing Infosys in a series of meetings to make Indianapolis a major training campus for the thousands of employees it plans to hire across the country.
Indiana's governor is planning economic development trips to Israel and Europe that will include taking the first nonstop commercial flight from Paris to Indianapolis.
Bill Taft, leader of the influential Indianapolis office for the Local Initiatives Support Corp. since 2005, has been named senior vice president for economic development for LISC National.
An Indianapolis City-County Council member has signed onto a pact with two other council members from the cities of New York and Austin, Texas, to oppose the “tax-break bidding war that Amazon has begun” in pursuit of its second headquarters.