Dinner at Governor’s Residence, $25M land purchase helped snag Elanco HQ
The state’s pitch to keep Elanco Animal Health Inc. in Indiana for the long term began with a dinner at the Governor’s Residence two years ago.
Economic Development Incentives
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Local chocolatier to open retail space, tasting room
SoChatti is adding the storefront to its production, research and warehouse facility in the Circle City Industrial Complex on the city’s near east side. Also this week: J’s Lobster & Fish Market, The Spice Box.
Israel-based agtech firm Taranis moving global headquarters to Westfield
The company announced Thursday that it plans to spend $10.5 million to relocate its global headquarters, expand operations and add 60 employees over the next three years.
Elanco HQ expected to anchor new development, park expansion on former GM site
Beyond the public company’s $100 million headquarters campus, city and state leaders expect 26 acres to be used for an expansion of White River State Park and new projects potentially with residential, retail and office uses.
Combined state, local incentives for Elanco total at least $150M
The total doesn’t include the value of the land the state will give to Elanco Animal Health for the project. Even so, the combined city and state package is possibly the largest amount of tax breaks ever considered for an economic development deal in Indiana.
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.
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.