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.
Economic Development
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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.
Indy Chamber announces leadership change at Develop Indy
Indy Chamber executive Ian Nicolini has moved into the organization’s long-vacant role of chief operating officer, and Portia Bailey-Bernard has taken over Nicolini’s former position as the chamber’s economic development leader.
Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant
A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.
IBJ Podcast: Can Cook Medical help turn an Indy neighborhood around?
Host Mason King talks with Pete Yonkman, president of Cook Group and Cook Medical, and Ashley Gurvitz, executive director of United Northeast Community Development Corp., about a plan to build a $15 million manufacturing plant in a low-income Indianapolis neighborhood.
Carmel considers establishing four new waterway districts to obtain new liquor licenses
The Carmel City Council introduced a proposal on Monday to establish four new waterway districts that would allow the city to pursue additional alcoholic beverage permits.
Maryland Street parking garage to be razed early next year
The 770-space parking structure at 121 E. Maryland Street is set to be torn down starting in March or April, according to a demolition contract approved by the Capital Improvement Board on Friday.
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.
Netherlands-based business eyes Indy area for $149M cold-storage facility
Netherlands-based NewCold, an advanced cold storage logistics company, is considering a 55-acre parcel along Council Drive in the Lebanon Business Park as a potential location for its new 384,300-square-foot warehouse.
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.
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.
U.S. Department of Defense picks Indiana for satellite hypersonics research facility
The Joint Hypersonics Transition Office Systems Engineering Field Activity hub will be located at Naval Surface Warfare Center in Crane. A team of 30 engineers and program managers will be based there to support the program.
MWI Animal Health moving from Whitestown to Zionsville, adding 51 employees
The Idaho-based veterinary and agricultural animal health products supplier plans to spend $5.8 million to expand its local operations.
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.
IBJ Podcast: Our CEO, Nate Feltman, talks about the need for a new vision for Indianapolis
Plus, Feltman provides an update on how IBJ is doing during the pandemic and what he sees as the news organization’s future.
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.
Westfield City Council OKs $5 million bond for vehicle purchases, road improvements
The Westfield City Council approved issuing a $5 million general obligation bond for a new roundabout, new police vehicles, a fire truck, public safety equipment and early-stage investments in a roundabout and two road reconstruction projects.
State tweaking requirements for small business pandemic-relief program
The state has seen a lower-than-expected response to its Small Business Restart Fund, which it launched in June to help companies with fewer than 50 employees cover the costs of pandemic-related expenses.
Businesses eye changes after Notre Dame cuts football game attendance
Each Notre Dame home football game typically brings in about $17 million in visitor spending to St. Joseph County and $22 million for the overall region, according to the most recent study.
Deputy mayor for economic development leaving administration
Angela Smith Jones, deputy mayor for economic development for Indianapolis since 2016, is joining Health and Hospital Corp. as the vice president of diversity and inclusion.