Fifth Third Bank announces $20M investment in Arlington Woods neighborhood
Most of of the funding will will go to improve mortgage access, capital access for small businesses and other education resources in the northeast-side neighborhood.
Economic Development
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Toyota planning to build $1.29B U.S. battery plant employing 1,750
The Toyota plant location wasn’t announced, but it will likely be near one of the company’s U.S. assembly plants in Indiana, Missouri, Kentucky, Alabama or Texas.
Work starting on 13,000-acre solar farm in two Indiana counties
The $1.5 billion solar farm’s first phase is expected become operational by mid-2023 and will produce 400 megawatts of electricity, enough to power 75,000 households, according to the company.
Amazon plans two Indiana facilities employing 1,000
Amazon’s announcement follows a secretive process in which Elkhart County officials approved an estimated $10 million tax break package for the project without revealing the company involved.
Chamber taking entries for ‘Coolest Thing’ manufacturing contest
The contest is open to all businesses, from veteran manufacturers to budding entrepreneurs. To participate, a company does not need to be headquartered in Indiana, but the product it enters must be manufactured in the state.
Green energy takes hold in unlikely places with Ford project
When Ford revealed plans to spend more than $11 billion on the fledgling electric vehicle sector, the automaker chose two states where Republican leaders have criticized the push for green energy and defended fossil fuels.
COhatch set to open four more area coworking sites in early 2022
The company, which entered the market in 2020 by opening coworking centers in Broad Ripple and Noblesville, announced formal plans Wednesday to open additional Indianapolis-area centers—in Martindale-Brightwood, Carmel, downtown Indianapolis and Zionsville.
Noblesville planning 200-acre innovation district on city’s southeast side
Innovation Mile, as it would be called, aims to bring medical technology, life science innovation, wholesale trade, professional and technical services companies to Noblesville by offering shovel-ready sites and shared amenities.
Republic Airways outlines plan for $200M training facility, corporate HQ project in Carmel
The $200 million headquarters development plan by Indianapolis-based Republic Airways Holdings Inc. and Kite Realty Group Trust would result in Republic becoming the largest employer in Carmel.
Indy Chamber eco-devo guru expects West 16th Street corridor to gain momentum
Portia Bailey-Bernard of the Indy Chamber says projects like the $60 million redevelopment of the Stutz business campus and the expansion of IU Health’s downtown campus will help reshape the northern portion of downtown.
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.
IBJ Podcast: Indy Chamber’s shift in focus pays dividends
Guest host Lesley Weidenbener interviews Indy Chamber CEO Michael Huber and the group’s director of economic development, Vincent Ash, about the programs that won it Chamber of the Year honors.
Indy trucking company to hire more than 90 new workers
Indianapolis-based Renewable Transport Services Inc. plans to add more than 90 jobs by the end of 2025 and invest $20 million to upgrade its southside facilities.
Australian biopharma firm planning to hire 20 at U.S. headquarters in Fishers
The radiopharmaceutical developer and manufacturer is the latest in a string of life sciences firms that have announced plans to grow operations in Fishers.
Owner of former Anthem HQ exploring converting some space to parking
As the downtown office market enters a post-pandemic period of volatility, the owner of the 213,600-square-foot building on Monument Circle is studying the cost of renovations to make it more alluring to would-be tenants.
23-story apartment tower proposed for downtown Indianapolis
If built as proposed, the tower would be the tallest structure to be built downtown since the 28-story 360 Market Square building was completed in March 2018.
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.