War of the states: EV, chip makers lavished with subsidies
Good Jobs First, a not-for-profit that tracks and is critical of corporate subsidies, said 2022 set a record for the number of billion-dollar-plus incentive deals.
Good Jobs First, a not-for-profit that tracks and is critical of corporate subsidies, said 2022 set a record for the number of billion-dollar-plus incentive deals.
The company plans to create 250 jobs over the next five years in Noblesville with an average salary of $67,000 and retain and relocate 400 employees to the new corporate campus.
Pet food manufacturer Blue Buffalo Co. Ltd. plans a 169,000-square-foot addition to boost processing operations and warehouse capacity. As part of the expansion, the company plans to add up to 60 jobs by the end of 2024.
The members of Congress want companies that accept money authorized by the Chips and Science Act to be restricted from engaging in stock buybacks for at least 10 years.
The Greenwood Common Council this week voted unanimously to approve the creation of an economic revitalization area and provide a real property tax abatement for VisionQuest Eyecare.
MakeMyMove recently closed on a $2 million investment from angel investors. The company, founded by Angie’s List cofounder Bill Oesterle and former Angie’s list exec Evan Hock, offers a marketplace where remote workers can browse relocation incentives from communities around the U.S.
Soulbrain MI, a subsidiary of South Korea-based Soulbrain Holdings, announced Tuesday it will hire 75 employees for the 30,000-square-foot manufacturing facility in Kokomo.
SMC Corp. of America plans to expand its total workforce in Noblesville to 1,157 by 2032.
SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.
RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest in improvements and equipment in a former warehouse for e-commerce giant Amazon.com Inc.
Honda had also considered Indiana for the $3.5 billion plant, which is expected to employ 2,200 people when completed.
The South Bend Regional Chamber says if the New Carlisle site is chosen for the project, the plant could generate an estimated $652 million in annual economic impact once fully operational.
U.S. Sen. Raphael Warnock from Georgia is raising concerns that the tax credit President Joe Biden signed into law last month could place some automakers at a competitive disadvantage.
The Greenfield-based company will lay out the design for its $100 million-plus global headquarters in Indianapolis on Thursday before a hearing examiner, who will rule on the project.
The developer behind the proposed revamp of the former Jail II and Arrestee Processing Center facilities on the eastern edge of downtown Indianapolis said he expects city incentives for the project to be secured by the end of this year.
Indiana economic development leaders have been hoping for passage of the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.
The announcement for the proposed plant came one day after the U.S. Senate voted to proceed with discussions on a $52 billion federal incentive package for semiconductor manufacturing and workforce development.
The project stands to receive more than $70 million in state economic development incentives and will hinge on whether it lands federal funding though the Creating Helpful Incentives to Produce Semiconductors, or CHIPS, program.
Commerce Secretary Gina Raimondo said that chipmakers are making decisions now about where they need to locate plants to keep up with global demand, and that foreign competitors are courting those companies with financial aid.
The company and Gov. Laura Kelly announced the new project Wednesday, just hours after Kelly and eight top leaders of the Kansas Legislature signed off on a package of incentives worth $829 million over 10 years.