High-profile Carrier incentives deal unusual for Indiana
The deal brokered by President Donald Trump to stem job losses at a Carrier Corp. factory in Indianapolis is unusual for the state of Indiana because it doesn’t involve job creation.
Economic Development Agencies
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UPDATE: Holcomb replaces Mutz, other longtime members on IEDC board
The three longest-serving members of the Indiana Economic Development Corp.’s board of directors, including former Lt. Gov. John Mutz, have been replaced.
Speedway hires financial executive as town manager
Jacob Blasdel will take the position April 17, succeeding Ian Nicolini, who handled the job for more than two years before leaving the position in November to join the Indy Chamber.
Spot Freight expands downtown headquarters, plans to hire 257
Founded in 2009, Spot Freight Inc. has been one of the area’s fastest-growing companies over the past several years.
Minnesota-based ag company planning Terre Haute turkey hatchery
The $22 million facility will open next year and will employ up to 100 people, the Indiana Economic Development Corp. says.
City seeks clawback of tax incentives from filter-maker GVS
The manufacturer landed the local tax incentives in 2006, then closed its Indianapolis plant in 2015.
Council panel OKs $148K to fund ‘economic recovery coordinator’
The person hired for the position is expected to help workers from Carrier Corp. and Rexnord Corp. who are about to lose their jobs—along with trying to help revitalize old industrial sites.
Downtown tech firm planning to add 20 software developers
The company, which makes custom data-tracking software for its clients, plans to move into a bigger office space in the Stutz Business Center within the next six months.
Japanese manufacturer plans $100M Indiana plant with 200 workers
NTN Corp. and state economic development officials announced Friday that NTN subsidiary NTK Precision Axle Corp. plans to break ground on the 300,000-square-foot facility this spring.
Holcomb seeks $4M to plan next Regional Cities round
The governor is so pleased with the progress of the Regional Cities program implemented last year that he’s seeking more money from the Legislature to advance it.
Startup that helps doctors direct-bill patients plans to add 64 workers
Freedom Healthworks, which expects to serve 12 physician practices with 6,000 patients by the end of the year, is relocating from Nora to downtown and tripling its office space.
Young design firm planning 25-employee expansion
The architectural and interior design firm on Wednesday announced plans to double its office space in the Stutz Business Center.
Tech firm Levementum planning to add 175 high-wage jobs
Arizona-based Levementum LLC is on track to receive state and local incentives to help fuel the expansion of its Indianapolis office.
CEO says Bottoms Up poised for growth despite tax abatement setback
After hitting some hurdles and then switching its client focus, the maker of the novel beer-dispensing system says sales are beginning to rise.
‘Bottoms Up’ beer-dispenser maker faces tax-break termination
The Metropolitan Development Commission is slated to vote Wednesday to terminate a tax-abatement agreement with Indianapolis-based GrinOn Industries LLC, makers of the “Bottoms Up” beer-dispensing system, which fills cups from the bottom.
Toyota to add 400 jobs, sink $600M into Indiana SUV factory
The factory will be able to build 40,000 more Highlanders per year when the expansion is finished in the fall of 2019.
Celadon planning to add 375 jobs as part of expansion
The Indianapolis-based trucking and logistics company, which is building a $28 million corporate campus in Hancock County, has been approved for almost $3 million in state economic incentives.
New commerce chief Schellinger could make up to $300,000
A revamped Indiana Economic Development Corp. pay structure awards its executives incentive pay if they meet certain performance metrics.
Interactive built building, reaped city tax break for unrealized job surge
Interactive Intelligence in 2014 said it would add 430 Hoosier employees—plans it leveraged to hash out city and state tax incentive agreements. But it's local employment hasn't changed much since.
Schellinger’s new role will have international focus
Jim Schellinger, the incoming secretary of commerce, previously was president of the Indiana Economic Development Corp., a role that included frequent travel to communities across the state. In his new post, he'll be courting companies across the globe.