Downtown TIF district awash in cash
The Indianapolis downtown TIF district is so flush with cash that the mayor can cover all its debt payments, fund two layers of reserves, and still have tens of millions to spend at his discretion.
Economic Development Incentives
Articles
Carmel HR consulting firm plans expansion
Human resources consulting firm HRD Advisory Group LLC plans to expand its Carmel headquarters, adding 25 employees by the end of 2019, the company announced Tuesday night.
Fishers to buy $3.1M building for co-working program expansion
The city of Fishers is proposing to purchase a new building for its entrepreneurial co-working space that would triple the size of the facility.
Tech firm founded by Purdue grads to grow in Indy
Dattus Inc., an early-stage company with roots in the Purdue Foundry entrepreneurship hub, has moved to offices in Indianapolis and plans to create 37 jobs by 2020.
State taps PR firm to boost tourism, economic development
The Indiana Economic Development Corp. announced Monday it was collaborating with the Indiana Office of Tourism Development in hiring Porter Novelli to strengthen Indiana’s reputation “as a welcoming place to live, visit and do business.”
Muncie firm to hire 300-plus for new HQ by 2024
A-Son’s Construction Inc. plans to consolidate its operations into an existing structure whose location is under wraps for now.
Brevini pays $375K to Delaware County for unmet jobs
An Italian wind turbine maker is expected to pay a central Indiana county $375,000 for failing to meet a goal of hiring 200 workers by the end of 2014.
New York manufacturer targets city for HQ move
Opflex Technologies LLC, a manufacturer of specialty foam products, is in discussions with city officials to move its headquarters from St. Johnsville, New York, to the northeast side of Indianapolis.
Angie’s List calls off $40M expansion over ‘freedom bill’
Angie’s List Inc. said Saturday that it is canceling plans for a major expansion to its east-side headquarters “as a result of the passage of the Religious Freedom Restoration Act.” The project was expected to create 1,300 jobs by the end of 2019.
Local tech firm Blue Pillar moving headquarters to East Coast
Blue Pillar, which just landed nearly $14 million in equity funding, agreed to move its headquarters from Indianapolis to Maryland after getting $500,000 from a state-sponsored venture capital fund.
Greenwood manufacturer plans expansion, move to Indy
A Greenwood firm that manufactures wireless monitoring and control devices plans to move operations into an abandoned plant on the south side of downtown Indianapolis, allowing it to expand and add 25 workers before the end of the decade.
Thailand-based manufacturer plans 135 jobs in Anderson
Food container manufacturer Royal Interpack North America Inc., a subsidiary of Thailand-based Royal Group, announced plans Tuesday to spend $11.9 million to open its first Midwest plant.
Raytheon reaches $5.4 million incentive deal with state
The defense and aerospace contractor plans to add another 249 workers to its existing work force of 912 in Indianapolis by the end of 2020. It also plans to invest about $26 million on the local expansion.
Local companies plan to add nearly 50 more workers
Two Indianapolis-based companies have reached incentive agreements with the state's economic development agency to create nearly 50 jobs in total over the next four to five years.
Council again delays decision on Angie’s List incentives
The Indianapolis City-County Council on Monday night tabled a decision on whether to issue $18.5 million in bonds to support the expansion of Angie's List’s east-side headquarters.
Stairmaker moving to Indiana with 180 jobs
American Stair Corp. plans to invest $2.9 million to purchase, renovate and equip a 60,000-square-foot plant. State officials are offering $1.7 million in tax incentives.
Noblesville considers $2.4M incentive deal to retain tech firm
Noblesville Mayor John Ditslear is offering incentives to a homegrown e-commerce consulting firm with the hope another city doesn’t steal it away.
Lubricant company to boost production, hire 25
Lebanon-based D-A Lubricant Inc. on Tuesday announced plans to expand local operations as it relocates production of a Pennsylvania company it acquired last year.
City-County Council panel OKs incentives deal for Angie’s List
An Indianapolis City-County Council committee approved a proposal Monday night calling for the city to issue $18.5 million in bonds to support the expansion of Angie's List Inc.'s east-side headquarters.
Local data-analysis startup plans to add nearly 50 workers
Perscio LLC announced Tuesday that it hopes to add 48 full-time employees making an average wage of $43 per hour by the end of 2019.