While the economic impact for the 2021 All-Star weekend could top $100 million for Indianapolis, the hard costs and soft expenses for the Pacers and city will easily reach eight figures.
The IEDC, which leads the state’s economic development efforts, said it secured 293 commitments in 2017 from companies around the world to locate or expand in Indiana.
The expansion is the second for the student loan giant in Indianapolis in less than two years.
A Bangalore-based engineering firm that announced plans in November to open a $10 million North American headquarters in Indiana has chosen Columbus for the facility, state officials announced Wednesday.
The 10-year tax abatement will apply to IT equipment of up to $400 million.
Both companies are expected to receive economic development incentives from the city of Zionsville and the state.
The industrial bakery is seeking local tax breaks in connection with the project, which is expected to create 118 jobs over the next three years.
The investment in new equipment would ramp up the speed of sorting and handling at the 2.4 million-square-foot hub, as well as create about 125 full-time jobs and 450 part-time positions.
A company founded a year ago by prominent local tech entrepreneur Don Brown expects to pay average salaries of $156,000 a year in new space at the IU Emerging Technology Center.
The announcement caps off what officials are calling a record year for economic development in the northern suburb—commitments for 2,185 new jobs and $64.5 million in capital investment.
As it adds the Ascent SUV to its roster, the Subaru of Indiana Automotive plant in Lafayette plans to boost its already enormous workforce by as many as 200 employees by the end of 2018.
The Boone County town will soon be home to the headquarters for Little League International’s Central Region, one of five U.S. offices.
The company said it will renovate and update equipment at its 10,000-square-foot facility at 9128 Technology Lane, west of the Interstate 69 and State Road 37 exit.
New Jersey-based U.S. Cold Storage plans to add 100,000 square feet to its existing 200,000-square-foot refrigerated warehouse and logistic-services facility.
The Boston-based insurer said it will lease 56,000 square feet in the Parkwood Crossing office complex to accommodate the expansion.
Officials in the area plan to offer incentives to businesses moving to the area or providing goods or services for existing companies in the region.
Downtown Indy is encountering resistance from some big property owners to its plan to create an economic improvement district that would raise about $3 million annually through a fee.
AgriNovus Indiana wants to get the word out on the state’s agbiosciences efforts and the opportunities they offer across several agricultural and technological sectors.
So far in 2017, businesses have pledged to create as many as 28,846 jobs in coming years in Indiana as part of incentive deals with the state.
Mark Howell, who has been Angie’s List’s chief operating officer since 2013, will start his new job at the manufacturing and logistics advocacy group in January.
