Economic Development Incentives – Indianapolis Business Journal

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Data center proposals spark city tax break debate

June 12, 2026

Indy Economic Development Inc. is creating a matrix that rates proposed data center projects to determine whether — or to what extent — such projects deserve city incentives.

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Braun: Bears stadium ‘not a done deal’ but he’s ‘feeling good’ about Hammond’s chances

June 8, 2026

Alex Brown, Inside INdiana Business

While Braun did not discuss any details of signing agreements with the Bears, he did note that work beginning on a new stadium is still years away.

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RayzeBio planning $150M in radiopharmaceutical facilities in Whitestown

June 1, 2026 | Elissa Maudlin

The company, which is owned by biopharmaceutical giant Bristol Myers Squibb Co., is working on an incentive package with Whitestown officials that includes tax abatements for construction and new equipment for two buildings.

Corteva to keep its headquarters in Indianapolis post-split

May 12, 2026 |

Susan Orr

Corteva, which is planning to split into two publicly traded companies later this year, announced Tuesday that the crop protection part of its business will continue to be based in Indianapolis.

Republic Airways revives legal fight with Indianapolis over tax-break clawback

April 29, 2026 | Taylor Wooten

The Indiana Court of Appeals is siding with Republic Airways in the latest battle of an ongoing feud between the airline and the city of Indianapolis over $247,522.17 in tax incentives.

That 1% incentive to encourage data center approvals? Final deal watered it down

March 26, 2026 | Tom Davies, Indiana Capital Chronicle

Private meetings between legislators and lobbyists for data center companies resulted in rewritten incentive provisions that were not reviewed in public and were inserted in the final bill.

Splenda manufacturer eyes $91M in upgrades to Indianapolis operations

March 20, 2026 |

Mickey Shuey

Carmel-based Heartland Food Products Group plans to construct a new building and add the newly acquired Splenda brand to its product manufacturing operations in Indianapolis.

IEDC board gives staff more authority, rethinks embattled foundation’s dissolution

March 19, 2026 | Marek Mazurek

Gov Mike Braun is reexamining his previous desire to “wind down” the Indiana Economic Development Foundation, saying Wednesday he sees a future for the nonprofit booster group.

The Chicago Bears, Indiana and the math behind NFL stadium deals

January 23, 2026 |

Mickey Shuey

Professional sports experts say past NFL stadium deals might offer Indiana lawmakers a few clues to what a Lake County deal could mean for both the team and the state.

Indiana positions itself to attract Bears as Braun prepares for second State of the State address

January 14, 2026 |

Mickey Shuey

The governor is expected to address the Bears situation during his speech Wednesday night, although the Governor’s Office is keeping specifics—and the names of the guests it has invited to the event—under wraps.

Arrow McLaren seeking tax breaks on $30M headquarters project

September 18, 2025 |

Mickey Shuey

Arrow McLaren expects to make a total investment of $30 million in its new home at 7615 Zionsville Road and is seeking city and state incentives to help reduce the cost of the project.

IEDC board approves incentives for four planned data center projects

June 25, 2025 |

Susan Orr

The Indiana Economic Development Corp. estimates that the data center incentives are worth an estimated $168 million in total tax savings for the combined projects over the next 35 years.

Indiana’s tech hub projects still on track despite federal uncertainty, conference panelist says

June 3, 2025 |

Susan Orr

Indiana’s three planned technology hubs—for which the state has been selected for up to $350 million in federal funding—are still in the works despite ongoing uncertainties on the federal level, according to the Indiana organization coordinating work on all three projects.

Braun signs bill to create IEDC land-purchase guardrails, new state business office

May 2, 2025 | Cate Charron

The bipartisan bill requires the IEDC to be more transparent when it makes large land purchases for major projects like the massive LEAP business park in Boone County.

Braun orders state-affiliated nonprofits to produce missed transparency reports

April 8, 2025 | Cate Charron

The Governor’s Office singled out the Indiana Economic Development Foundation, which supports IEDC travel and business-attraction efforts, for failing to produce years of transparency reports.

IBJ Podcast: Could a tax credit upgrade help make Indiana a film and media hub?

April 7, 2025 |

Mason King

Neighboring states offer much greater incentives to movie and TV producers than Indiana. And filmmakers aren’t entirely sold on modest and narrowly focused improvements under consideration by lawmakers.

Bill creating transparency measures for Indiana economic development agency heads to House floor

March 26, 2025 | Cate Charron

Critics of the Indiana Economic Development Corp., which receives hundreds of millions in tax dollars each year, have wondered whether the agency has been transparent and fiscally responsible enough.

Indianapolis-based startup Pillar acquired by fellow HR tech company

March 6, 2025 |

Susan Orr

Pillar, which launched out of High Alpha in 2021, offers a platform employers can use to help evaluate job candidates during the interview process.

Despite building concerns, IEDC transparency bills died without hearings. Why?

February 14, 2025 | Cate Charron

Lawmakers’ unease with the Indiana Economic Development Corp. culminated in at least four transparency-focused bills this session—all filed by Republicans—seeking to add more guardrails.

IBJ Podcast: With billions at stake, hyperscale data centers become charged issue in Indiana

February 10, 2025 |

Mason King

The sudden surge in announced centers—representing more than $15 billion in potential investment—has generated a lot of concern about their drain on Indiana utilities and, in some cases, their water-intensive cooling systems.

Indiana has the juice to fuel surge in data centers

January 31, 2025 |

Susan Orr

When it comes to large-scale data center activity, the Hoosier state has gone from what feels like zero to 60 in a little over a year.

Bill seeks to boost Indiana tourism projects through tax rebates, special districts

January 14, 2025 | Cate Charron

Under House Bill 1223, the Indiana Destination Development Corp. could soon have a few new tools to incentivize tourism development.

JUNE 12-18, 2026

Digital Edition

Orr Fellowship sees success in Evansville expansion

Susan Orr

Grand Park Sports Campus adds NFL flag football youth event

Mickey Shuey

Q&A: CEO leads OrthoIndy through period of growth

Daniel Bradley

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