Illinois company plans $26M Indiana plant, 580 jobs
Elk Grove, Illinois-based Wynright Corp. announced plans Tuesday for the 320,000-square-foot plant on 44 acres that will make material handling systems for the logistics industry.
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Greenwood approves incentives for potential $80M Amazon project
The mysterious company that is considering building an $80 million distribution facility in Greenwood and creating 1,250 full-time jobs was revealed Monday night during a city council meeting.
Indiana, Manitoba officials sign agriculture agreement
Government officials are pledging to work closely, particularly on matters of trade, agriculture research and investment.
Posh Intercontinental Hotel part of $141M redevelopment plan for two downtown buildings
Keystone Realty Group is in line to receive financing help from the city for an ambitious plan that would overhaul two nearly vacant office properties near Monument Circle and bring a prestigious Intercontinental Hotel to Indianapolis.
Governor plans business-development trips to Italy, Manitoba
Indiana Gov. Eric Holcomb and Lt. Gov. Suzanne Crouch are planning international economic development trips to help strengthen the state’s automotive and agriculture industries.
Amazon facing growing backlash for seeking big tax breaks in exchange for HQ2
As the world’s second-most-valuable public company weighs tax breaks and other goodies offered by 20 eager suitors, it stands accused of being a corporate welfare leech that should be giving the government and workers more rather than milking taxpayers.
UPDATE: Holcomb plans $1B in infrastructure projects funded by hike in toll road fees
The projects that were announced Tuesday are part of Holcomb’s Next Level Connections initiative to expand broadband access, add more biking and hiking trails, improve roadways, attract more direct international flights and accelerate completion of the Interstate 69 project.
Indiana chamber won’t endorse GOP businessman for Senate
It is the first time since the Indiana Chamber of Commerce began endorsing a candidate 10 years ago that it has not backed the Republican candidate for Senate.
Tax appeals mushroom as Lilly, city squabble over years of assessments
The Indianapolis-based drugmaker has appealed its annual tax bill for its two massive campuses south of downtown every year since 2012.
Company eyes Greenwood for $80M regional center, 1,250 jobs
The company plans to construct a 615,440-square-foot fulfillment center on a 75-acre site that FedEx Corp. once earmarked for a massive distribution facility.
Salesforce proposing massive expansion in Chicago, 5,000 jobs
Software giant Salesforce.com Inc., which in 2016 announced big plans to expand its operations in Indianapolis, appears to have even bigger plans for Chicago.
Community investment group LISC promotes Grain to top spot
Tedd Grain, who joined the Local Initiatives Support Corp. in 2009 and became deputy director four years ago, succeeds Bill Taft as executive director.
Chamber’s music initiative aims to turn up volume on Indy’s scene
The business advocacy group is working with city officials and a consultant to develop a strategy for promoting Indianapolis’ musical assets—and then writing the next verse in a higher key and more robust tempo.
Marketing-tech firm Cheetah plans to triple Indianapolis employment, invest $2M downtown
The company employs numerous alums of ExactTarget, the Indianapolis-based marketing-tech firm acquired by Salesforce.com for $2.5 billion in 2013.
Records reveal Hogsett office’s efforts to stiff-arm press on HQ2 bid
Local and national reporters clamored for interviews with Mayor Joe Hogsett about Indianapolis’ chances, but city officials largely kept quiet while forwarding media to the Indy Chamber and influencing messaging behind the scenes.
IBJ EXCLUSIVE: Emails reveal plans, intense ‘war room’ effort to lure Amazon’s HQ2
Records provided to IBJ give behind-the-scenes insight into the all-hands-on-deck effort to attract the $5 billion project to Indianapolis, including setting up secret meetings, weighing several possible sites, and discussing “creative” incentives such as building a charter school on the prospective campus.
Hamilton County economic development agency changes mission
The not-for-profit’s board recently approved a new mission—aimed at potential employees, rather than employers—and voted to eliminate the position of CEO and president.
Groups launch planning for redevelopment of White River in Marion, Hamilton counties
Visit Indy, the Indianapolis Department of Metropolitan Development and Visit Hamilton County are leading the effort in partnership with other communities.
Hotel operator sues airport authority, Infosys over lease termination
A Detroit-based hotel operator alleges the authority and the tech company colluded to wrongfully terminate its lease at a 257-room hotel at the airport to make room for Infosys’ high-profile innovation hub development.
Australian sales intelligence firm opens Indianapolis office
SalesPond has opened a downtown office where it plans to employ more than three dozen people by the end of 2023.