Lagging promises, Peapod agrees to terminate 7-year tax break from Indianapolis
The online grocery delivery service had pledged to invest $6.5 million in a distribution center on the city’s east side and expected to create 238 jobs by 2018.
Economic Development
Articles
Amazon’s incentives sure to be whopping
Any tax-incentive package to lure Amazon’s HQ2 to Indiana could easily top half-a-billion dollars and climb to more than $1 billion.
What could Amazon HQ2 bring to Indy? We asked experts to do the math.
A project of this size could actually change Indiana’s per-capita income. It could generate 30,000 spin-off jobs and produce hundreds of millions of dollars in state and local tax revenue.
Outsourcing firm to hire 500 more workers at Indiana center
Intelenet Global Services announced Tuesday that it intends to triple its Fort Wayne workforce to at least 750 employees to meet growing customer demand.
Indiana Senate approves carryout Sunday alcohol sales bill
The bill now moves to the House, which is expected to vote soon on its own Sunday sales proposal with similar terms.
Anthem to leave Monument Circle HQ, move top execs to Virginia Avenue
Anthem decided not to renew its lease on the former J.C. Penney department store, which was refurbished for the insurance giant in the 1990s.
Indy a top spot for Amazon HQ2 if home prices guide its choice
If Amazon wants to locate its HQ2 in the most-affordable spot for housing, there’s an obvious choice: Pittsburgh. But Philadelphia and Indianapolis aren't far behind.
Hogsett says Amazon bid focuses more on quality of life than sites, incentives
The mayor also told IBJ that the city is “prepared to look at anything and everything” that would help it secure Amazon’s planned second U.S. headquarters—as long as any action is fiscally prudent.
Amazon heats up fight for HQ2: Here’s how 20 contenders stack up
Now that Amazon.com Inc. has whittled down the list of cities it’s considering for its second North American headquarters, here are some pros and cons of the places on Amazon’s very long shortlist.
Bosma says Legislature might move on Amazon incentives this session
Indiana House Speaker Brian Bosma said lawmakers could move an incentives bill “expeditiously” to attract Amazon’s proposed second headquarters, if necessary, but he wouldn’t be in favor of doing what Wisconsin did to lure Foxconn.
Officials say city’s selection as Amazon HQ2 finalist already a victory
Local government officials and economic development experts expressed excitement Thursday about the selection of Indianapolis as a finalist for Amazon’s second headquarters, while acknowledging there’s a long way to go to land the grand prize.
Indianapolis among 20 finalists for new Amazon headquarters
Seattle-based Amazon solicited proposals in September for its second corporate seat, a project that’s expected to cost more than $5 billion and create 50,000 jobs.
Bill to regulate autonomous vehicle use moves forward
House Bill 1341 allows people to operate automated vehicles on public highways but only under certain conditions. Critics, including auto manufacturers, said the bill would stifle innovation.
Landlord holds key to Twin Aire neighborhood transformation
Chicago-based Mer Car Corp. owns the 95,700-square-foot strip center anchored by a Kroger, where Southeastern and English avenues meet, just west of where the justice center is set to be built.
Much-sought Toyota-Mazda factory to be built in Alabama, source says
Japanese automakers Toyota and Mazda have picked Alabama as the site of a new $1.6 billion joint-venture auto manufacturing plant that will employ 4,000 people, a person briefed on the decision said Tuesday.
Holcomb lays out plan to ‘skill up’ thousands of Hoosier workers
In his State of the State address, the governor offered specific targets for returning college dropouts to school, helping inmates earn work certificates and pushing more companies to offer training programs.
Oregon-based maker of premixed cocktails moving to Indy, creating up to 51 jobs
Blue Marble Cocktails and Spirits is spending more than $9 million to relocate its headquarters and establish manufacturing locally. It plans to create annual capacity to produce three million, 24-can cases of its cocktails, which range from Cinnamon Toast to Bloody Mary.
Tech startup SnapShyft to hire 20 employees this year
Founded in 2016, the Indianapolis-based company created an app that matches food-service establishments with professionals seeking work.
New Lilly Endowment program to provide $25M to Indy arts and cultural initiatives
The competitive program will dole out grants from as little as $7,500 to as much as $10 million. The endowment stipulates that funded programs must be implemented within Marion County.
Logistics firm on hiring spree settles into larger downtown digs
Direct Connect Logistix has left the Stutz building for more space in the Cosmopolitan on the Canal building as part of its plan to add as many as 90 workers by the end of 2020.