Indianapolis-based human resources business plans expansion
FullStack Inc. on Tuesday said it plans to add up to 21 employees by the end of 2024. The state offered the company tax incentives based on those hiring plans.
Economic Development Incentives
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Netherlands-based firm confirms plans for $150M local cold-storage facility
The Indiana Economic Development Corp. offered NewCold more than $2.8 million in conditional tax credits based on the company’s plans to hire 202 workers by the end of 2023.
Florida company moving HQ and call center to Indy, plans 103 local jobs
HealthCare.com provides an online platform that allows insurance shoppers to compare plans and prices, then talk to an insurance agent to buy a plan. Last year, more than 3 million people visited the website.
Aptiv mum on $42M high-tech project in Hamilton County with 350 new jobs
State economic development officials have pledged more than $8 million in tax credits if Aptiv can meet its hiring goals, but neither they nor the firm will share other details about the project.
Fishers council OKs $10M in incentives for biopharm firm, Maple Del development
The Fishers City Council on Monday approved two economic development deals that are expected to lead to a combined $96 million in investment.
Ex-Cook Group execs to launch life sciences startup in Fishers
The new company, contract drug developer INCog Biopharma, plans to build a $60 million facility and hire up to 150 workers by the end of 2024.
Rahal Letterman Lanigan Racing plans $20M Zionsville HQ
The project will allow RLL to moves its its IndyCar operations in Brownsburg and its International Motor Sports Association operations in Hilliard, Ohio, to one 13-acre site in Zionsville’s Creekside Corporate Park.
IT consulting firm increasing workforce at Carmel operations
GadellNet Consulting Services, which opened a Carmel office in 2015, plans to boost local employment by about 85 workers over the next five years.
Developers ‘optimistic’ about multifamily projects, stress that incentives are needed
Developers remain optimistic about multifamily developments in general across the city, but some believe additional affordable housing—and associated incentive deals—is needed.
Mattress-maker plans 350-worker northwest Indiana factory
Corsicana Mattress said the new plant will help it keep up with demand for its growing boxed-bed product line.
Area ad agency adding 145 jobs, moving its HQ to downtown Indy even as industry shrinks overall
The Indiana Economic Development Corp. has offered JDA Worldwide and its newly created parent company, Prolific, up to $2.2 million in tax credits to support its expansion plans.
Lilly seeking $23.8M tax break to expand diabetes research, production
In the past seven years, the drugmaker has received tax breaks worth nearly $40 million in exchange for investing more than $500 million at its Indianapolis properties.
Belfast-based digital services firm planning to hire 133 in Indianapolis
Kainos Group Plc, a Northern Ireland-based digital services company that opened an office in Indianapolis in October, is planning to grow its Workday Practice business.
City identifies first ‘inclusive’ incentives economic development deal
The change to the way tax incentives are awarded is part of the city’s quest to achieve “inclusive economic growth” by growing opportunities for the city’s middle class and poor, and came as the result of years of research.
Italian steel firm to build $15M North American HQ in Indiana, hire 100
INOX Market Service announced Monday that it expects to open the 139,800-square-foot facility in Delaware County in the spring of 2021.
Subaru to expand Lafayette plant, add up to 350 jobs
The automaker says it will invest $158 million to build a new service parts facility and add a transmission assembly shop. The 4.7-million-square-foot plant produces about 410,000 vehicles each year.
Regional airline to add base, new nonstop routes at Indianapolis International Airport
The airline, which plans to create 55 jobs and establish three nonstop routes from Indianapolis, plans to immediately begin hiring pilots, flight attendants, customer service agents, mechanics and ground personnel to support the new operations.
Hearing set on fight over disclosure of Indianapolis’ Amazon HQ2 bid
A not-for-profit tax policy group will make its case in court next month that the public is entitled to know the financial incentives that were offered to Amazon in the city’s unsuccessful bid to lure the firm’s multibillion-dollar secondary campus.
Develop Indy: Deals reached in 2019 expected to create 4,000 jobs
Indianapolis’ economic development agency negotiated 67 relocation or expansion projects in 2019, the city announced Tuesday.
IEDC says 2019 deals created fewer jobs, but more investment, higher wages
The state’s lead economic development agency announced Monday that it secured nearly 300 development deals in 2019 that are expected to result in more than 27,000 new jobs.