Arrow McLaren seeking tax breaks on $30M headquarters project
Arrow McLaren expects to make a total investment of $30 million in its new home at 7615 Zionsville Road and is seeking city and state incentives to help reduce the cost of the project.
Economic Development
Articles
City to consider $18M bailout loan to keep delayed Gold Building redevelopment afloat
The Gold Building conversion at 151 N. Delaware St. is expected to replace 400,000 square feet of office space with more than 350 apartments and nearly 8,000 square feet of ground-floor retail.
Upcoming events underscore the value of region’s creative economy
The Indiana Creative Economy Summit is scheduled for Oct. 13-14 at the Fishers Art Center. A music-themed partner event, the NIVA Live Policy Summit hosted by the National Independent Venue Association, is scheduled Oct. 15-16 at Fountain Square’s Hi-Fi venue.
Indianapolis rugby group aims to score big as World Cup nears
While rugby faces an uphill climb for relevancy within America’s cultural zeitgeist, some Indianapolis leaders are optimistic the city could become a hub for the sport by the time the U.S. hosts the men’s World Cup in 2031.
Plastic container manufacturer to employ 56 workers in Whitestown
Members of the Whitestown Town Council unanimously approved a personal property tax abatement for Ring Container Technologies, which plans to invest $77 million in an existing warehouse.
State’s exit from GM site ownership signals new economic development approach
“The governor has been very clear: We’re just not in the land development business, and it’s not a core competency,” Commerce Secretary David Adams told IBJ.
Westfield looking to capitalize on LIV Golf spotlight
The London-based golf tour that is financed by Saudi Arabia’s Public Investment Fund will bring 54 of the world’s top men’s golfers for the three-day LIV Golf Indianapolis Aug. 15-17.
Weekend seen as ‘huge catalyst’ in larger effort to make Indy women’s sports capital
Indianapolis sports-business officials say if they achieve their goal of becoming an epicenter of women’s sports by 2050, they’ll likely look back at this WNBA All-Star Weekend as the spark.
Indiana embracing Trump’s call to increase apprenticeship
Education and labor experts note that making high school apprenticeships commonplace won’t be simple.
After scrutiny over no-bid contract deals, Indiana secretary of state issues new RFPs
The move also comes on the heels of a new law adopted by the General Assembly earlier this year to increase transparency requirements involving state contracting.
IBJ wins 10 awards, Mickey Shuey named Journalist of the Year
The awards from the Alliance of Area Business Publications covered reporting, design and podcasts published in 2024.
Marketing firm Prolific partners with Elevate Ventures, bringing national news coverage to Rally conference
Elevate Ventures and Indianapolis-based marketing, strategy and investment firm Prolific have merged their fall conferences.
Herff Jones plans $8M Indianapolis expansion, new distribution facility
Herff Jones plans to expand and modernize its headquarters in Indianapolis while growing its workforce.
Gener8tor’s new Bolt conference set for Indianapolis this fall
The Wisconsin-based startup accelerator is shifting its conference strategy to one large gathering irather than a handful across the U.S., a move expected to expand networking opportunities among investors and entrepreneurs.
Global gathering in Indianapolis emphasizes power of entrepreneurship
The Global Entrepreneurship Congress kicked of Monday with a discussion led by Gov. Mike Braun and companies including Eli Lilly. An associated event featured a fireside chat between High Alpha Managing Partner Scott Dorsey and business author Brad Feld.
Governor’s IEDC moves raise questions about planned VC growth fund
Almost exactly one year ago, Indiana officials publicly announced a significant entrepreneurial resource the state had been quietly working on for several years—the launch of a $100 million investment fund to help young companies scale up their businesses. A lot has changed since then.
Funding for workforce training, manufacturing readiness and flight incentives in limbo after state budget cuts
Business leaders are encouraging state commerce officials to retain the programs that have led to what they say has been a “strong ROI” in the past.
Potential US semiconductor manufacturing boom complicated by Trump’s economic policies
Before “America First” became the Trump administration’s mandate for foreign policy and trade, one sector was already working to bring business back to the United States: the semiconductor industry.
State hires firm specializing in ‘crisis and transformation’ to audit IEDC
Gov. Mike Braun announced the audit last month, citing potential “impropriety” at the IEDC. He also announced a freeze of all state funds associated with Elevate Ventures.
For sale: IEDC land purchased for LEAP project, but never used
After buying thousands of acres in Boone County to develop a technology park, the Indiana Economic Development Corp. quietly listed two properties for sale a month ago.