‘Innovation districts’ could attract high-tech projects
Senate Bill 361 would make it possible for the Indiana Economic Development Corp. to create districts across the state to capture sites for large-scale economic development projects.
Economic Development Incentives
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As demand to snag remote workers rises, Indy-based MakeMyMove fetches $2.6M
MakeMyMove, which launched about a year ago, will use the investment to scale up and hire several new employees, particularly in the areas of engineering, product development and sales.
Bill would give Beech Grove, Lawrence, Southport and Speedway more say in development
Sen. R. Michael Young, R-Indianapolis, is pushing a bill that would require the Metropolitan Development Commission to notify Marion County’s independent cities and towns before it considers tax abatements for development projects in each city.
GM to spend nearly $7B on EV, battery plants in Michigan
The state’s economic development board on Tuesday approved $824 million in incentives and assistance for Detroit-based General Motors.
California-based crypto startup to open central Indiana office
Anchorage Digital, founded in 2017, plans to open a physical office in the Indianapolis area and hire another 10 people here by year’s end.
Indianapolis-based Chuqlab offers crime-fighting transcription tech
Founded in 2019, Chuqlab offers transcription technology for law enforcement agencies, prosecutors and operators of jails and prisons. The company recently received a state incentives offer based on its hiring plans.
Develop Indy deals led to 4,575 pledged jobs, $570M in investments, leaders say
Develop Indy, Indianapolis’ economic development agency, made incentive deals involving 71 business relocation or expansion projects during the first 11-plus months of the year, officials announced Tuesday.
Michigan House OKs incentives to land major business deals
While proponents did not specify pending deals for which Michigan is vying, several told the House Government Operations Committee that Michigan must stay competitive in the auto industry.
Allegion plans $13M expansion of Schlage operations, 325 new jobs
Allegion said the expansion will not only enhance manufacturing and engineering capabilities in the state, but also expand its information technology and innovation expertise.
Indiana city offering stand-in ‘grandparents’ to attract new workers
The relocation package also includes $5,000 in cash, invitations to home-cooked meals at neighbors’ homes, a one-year membership to the local coworking space and YMCA, free gift cards to the seasonal farmers market, and tickets to productions at the local playhouse.
Artificial intelligence consultant opens downtown office, plans to hire 38
Atrium is led by CEO Chris Heineken, the former chief operating officer of Indianapolis-based cloud consulting firm Appirio.
Stellantis to spend nearly $230M to build electric car transmissions in Kokomo
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 manufacturer targets central Indiana for new plant
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.
Kentucky lawmakers OK incentives bill aimed at mega projects
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.
Not-for-profit legal services collective considers $7M HQ project in Zionsville
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.
Indianapolis-based Calumet to invest $2.7M in recently-acquired wax maker
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.
Rolls-Royce celebrates completion of $600M in upgrades to local manufacturing campus
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.
Incentives for multifamily project approved by council committee
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.
Quantigen Biosciences plans Fishers expansion, 30 new jobs
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.
Fishers Council OKs $21M incentive package for Stevanato’s planned $145M facility
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.