The Lebanon City Council on Monday night approved the creation of a tax-increment financing district and performance-based incentives to try to secure a deal with the parent of Facebook and Instagram.
The proposed battery farm would store electricity during times when there’s excess power on the grid and then discharge the energy back into the grid during times of peak demand.
Dabico A-Bridge LLC and its parent company, Dabico Airport Solutions LLC, plan to expand their Indianapolis facilities and add another 151 jobs by the end of next year.
PhysioLogic Devices Inc. will change its name to Portal Diabetes Inc. following the company’s move. It plans to employ up to 35 full-time employees by 2028 with an average salary of $135,265 each.
Zionsville-based software startup Adverank has reached an incentives agreement with the state based on its expansion plan.
The funding is in addition to the $700 million the company will receive through an incentive agreement with the Indiana Economic Development Corp.—one of the the largest economic development deals in Indiana history.
Old Meridian Apartments, a $60 million proposed project by Cross Development LLC, was called off because the city’s incentive for the project was not enough to make it feasible for the developer.
Indianapolis-based information technology firm Sondhi Solutions has rebranded as Exos Cos. and plans to add 250 new employees by the end of 2028.
Stevanato, an Italian-based life sciences company that makes glass vials and syringes for pharmaceuticals, has committed to paying employees at its new Fishers facility no less than $70,000 annually.
UKG informed employees earlier this week that it was cutting about 14% of its workforce so the company could “aggressively focus on critical areas of growth.”
South Carolina-based RealtyLink is suing Lebanon for more than $25 million, alleging the city withdrew incentives after the project was delayed by the city’s inability to service the park with water.
This year-to-date total investment figure nearly eclipses last year’s total, which was a record of $28.7 billion.
The 245,000-square-foot facility, to be located on nearly 500 acres in the Radius Industrial Park, is expected to create up to 200 jobs by the end of 2032.
Novartis Manufacturing LLC told a committee of the City-County Council on Monday evening that it plans to spend up to $125 million to construct and equip a 79,000-square-foot-building for radiopharmaceutical manufacturing and distribution on the city’s west side.
Last month, city officials and the two developers reached a tentative deal for addressing key elements of the overhaul of downtown’s City Market block, including reskinning the Gold Building and renovating the adjacent Ohio Street parking garage.
The IEDC said the first-quarter financial commitments, which came from 45 companies planning to locate or expand in Indiana, ranged from $81,000 to $11 billion apiece.
Online marketing firm Pneuma Media LLC plans to hire 26 people over the next five years, the company announced Tuesday.
Membershine, which launched in 2020, offers an online platform for membership-based groups such as homeowners associations.
The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.
Hundreds of families have already participated in the MakeMyMove program and now call Indiana home.
