The building, which formerly served as the post exchange for soldiers stationed at Fort Benjamin Harrison, was offered for sale by the Fort Harrison Reuse Authority this week. Also this week: Tru by Hilton, Culver’s and more.
Dinner at Governor’s Residence, $25M land purchase helped snag Elanco HQ
The state’s pitch to keep Elanco Animal Health Inc. in Indiana for the long term began with a dinner at the Governor’s Residence two years ago.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
Lilly seeking $23.8M tax break to expand diabetes research, production
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.Read More
Subaru to expand Lafayette plant, add up to 350 jobs
The automaker says it will invest $158 million to build a new service parts facility and add a transmission assembly shop. The 4.7-million-square-foot plant produces about 410,000 vehicles each year.Read More
SoChatti is adding the storefront to its production, research and warehouse facility in the Circle City Industrial Complex on the city’s near east side. Also this week: J’s Lobster & Fish Market, The Spice Box.
The company announced Thursday that it plans to spend $10.5 million to relocate its global headquarters, expand operations and add 60 employees over the next three years.
Beyond the public company’s $100 million headquarters campus, city and state leaders expect 26 acres to be used for an expansion of White River State Park and new projects potentially with residential, retail and office uses.
The total doesn’t include the value of the land the state will give to Elanco Animal Health for the project. Even so, the combined city and state package is possibly the largest amount of tax breaks ever considered for an economic development deal in Indiana.
FullStack Inc. on Tuesday said it plans to add up to 21 employees by the end of 2024. The state offered the company tax incentives based on those hiring plans.
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.
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.
State economic development officials have pledged more than $8 million in tax credits if Aptiv can meet its hiring goals, but neither they nor the firm will share other details about the project.
The Fishers City Council on Monday approved two economic development deals that are expected to lead to a combined $96 million in investment.
The new company, contract drug developer INCog Biopharma, plans to build a $60 million facility and hire up to 150 workers by the end of 2024.
GadellNet Consulting Services, which opened a Carmel office in 2015, plans to boost local employment by about 85 workers over the next five years.
Developers remain optimistic about multifamily developments in general across the city, but some believe additional affordable housing—and associated incentive deals—is needed.
Corsicana Mattress said the new plant will help it keep up with demand for its growing boxed-bed product line.
The Indiana Economic Development Corp. has offered JDA Worldwide and its newly created parent company, Prolific, up to $2.2 million in tax credits to support its expansion plans.
Kainos Group Plc, a Northern Ireland-based digital services company that opened an office in Indianapolis in October, is planning to grow its Workday Practice business.
The change to the way tax incentives are awarded is part of the city’s quest to achieve “inclusive economic growth” by growing opportunities for the city’s middle class and poor, and came as the result of years of research.
INOX Market Service announced Monday that it expects to open the 139,800-square-foot facility in Delaware County in the spring of 2021.
The airline, which plans to create 55 jobs and establish three nonstop routes from Indianapolis, plans to immediately begin hiring pilots, flight attendants, customer service agents, mechanics and ground personnel to support the new operations.
A not-for-profit tax policy group will make its case in court next month that the public is entitled to know the financial incentives that were offered to Amazon in the city’s unsuccessful bid to lure the firm’s multibillion-dollar secondary campus.