The Indiana Economic Development Corp. said it would offer Stellantis up to $19.5 million in conditional tax credits based on the company’s investment and its plan to retrain and retain 660 employees.
German-based manufacturer Variotech announced plans Friday to spend $2.2 million to upgrade and equip a production facility in Fishers, creating up to 22 jobs by the end of 2023.
Economic development projects topping $2 billion would be eligible for the incentives. Gov. Andy Beshear has said the state is pursuing at least five projects of that magnitude.
If Allies Collective chooses Zionsville, and the commission enters into a project agreement, the headquarters could create as many as 150 jobs paying an average of $41 per hour over the next six years.
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.
The $600 million project, announced in 2015, included upgrades to the facilities, machinery and manufacturing processes at Rolls-Royce’s Indianapolis operations. A pandemic-delayed celebration of the project is scheduled to take place Wednesday afternoon.
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
Fishers-based Quantigen Biosciences is spending $2.5 million to redevelop 40,000 square feet of office space along Interstate 69 as its new specialty contract research laboratory.
The project agreement offers Italy-based Stevanato Group a 15-year tax abatement, a $2.4 million commercial property grant and nearly 36 acres the city plans to buy at 126th Street and Cumberland Road.
Daechang, which makes seating components for Kia, Hyundai and Subaru, established its North American headquarters in Indianapolis in 2017. The Franklin facility would be its second local site.
Ludo Fact USA LLC announced plans Tuesday to boost operations in Lafayette, adding up to 114 workers by the end of 2024.
The company, which stands to receive more than $6 million in state and local incentives, said it could expand its investment in central Indiana to $490 million and its hiring plans to 425 by 2025.
Curium, a nuclear medicine company with global headquarters in London and Paris and its North American headquarters in St. Louis, took over the Noblesville facility when it acquired Zevacor Molecular in March 2020.
The “state-of-the-art” distribution center in Hendricks County is expected to accelerate delivery times for Apple customers in Indiana and the rest of country.
Foxconn originally proposed a 20 million-square-foot manufacturing campus that would have been the largest investment in U.S. history for a new location by a foreign-based company, but those plans have been downsized significantly.
As Gov. Eric Holcomb looks to fill the shoes of departing Secretary of Commerce Jim Schellinger, he can forge a path for the Indiana Economic Development Corp. that focuses on fostering an entrepreneurial ecosystem that makes Indiana the best place to start a business in America.
The recruiting technology company, which entered the local market with a single-employee office in 2014, began growing its Indianapolis operations after acquiring Canvas Talent Inc. in early 2019.
The company said it will invest $33 million to expand its bustling Elkhart campus, which opened in 2009. It is slated to receive up to $11 million in tax credits.
Indiana would join 32 other states, including bordering states like Illinois, Ohio and Kentucky, in having a music production incentive program if the bill passes.
The New York-based firm plans to lease 10,655 square feet on the 15th floor of the 8888 Keystone Crossing office building in Indianapolis for its local operations.