Toyota to add 400 jobs, sink $600M into Indiana SUV factory
The factory will be able to build 40,000 more Highlanders per year when the expansion is finished in the fall of 2019.
Economic Development
Articles
City lands $55M in federal tax credits for economic development projects
Mayor Joe Hogsett said the award of the New Markets Tax Credits will provide gap financing for "developments designed to jump-start economic development, create jobs in at-risk areas and revitalize distressed neighborhoods.”
Celadon planning to add 375 jobs as part of expansion
The Indianapolis-based trucking and logistics company, which is building a $28 million corporate campus in Hancock County, has been approved for almost $3 million in state economic incentives.
Holcomb: Too many Hoosiers unprepared for jobs of the future
In his first State of the State address, Gov. Eric Holcomb stressed the importance of growing the state’s economy through increasing the skills of existing workers.
Holcomb seeks $10M to attract more nonstop flights
Gov. Eric Holcomb is pushing a plan aimed at attracting new nonstop and direct flights to and from the Indianapolis International Airport.
Health care management firm plans to open Carmel office, hire up to 125
Green Circle Health's client services center will provide remote health care and coaching for customers across the country, focusing in part on improving the coordination of care for chronic diseases.
Monumental Marathon organizers hope new format keeps race growing
Officials are taking a page from the playbook of the 500 Festival Mini Marathon in hopes of preserving the Monumental’s momentum.
New commerce chief Schellinger could make up to $300,000
A revamped Indiana Economic Development Corp. pay structure awards its executives incentive pay if they meet certain performance metrics.
Interactive built building, reaped city tax break for unrealized job surge
Interactive Intelligence in 2014 said it would add 430 Hoosier employees—plans it leveraged to hash out city and state tax incentive agreements. But it's local employment hasn't changed much since.
Schellinger’s new role will have international focus
Jim Schellinger, the incoming secretary of commerce, previously was president of the Indiana Economic Development Corp., a role that included frequent travel to communities across the state. In his new post, he'll be courting companies across the globe.
Financial consulting executive Bedel tapped as IEDC president
In addition to naming the president of the Indiana Economic Development Corp., Gov.-elect Eric Holcomb on Thursday picked a leader for the Indiana Department of Transportation and someone for a new position to fight substance abuse.
Zoeller seeks to establish local unit of global trade group
Departing Indiana Attorney General Greg Zoeller wants to persuade the organization to add Indianapolis to its roster of world trade centers, hooking local firms into international business networks and encouraging imports and exports.
Ex-state commerce secretary takes job with Bose McKinney
Outgoing Gov. Mike Pence appointed Victor Smith to serve as the state’s secretary of commerce in January 2013.
Sports apparel maker planning to add 192 workers at local plant
BSN Sports LLC plans to spend $2.4 million to improve its sportswear production facility on the city’s northwest side.
State eco-devo agency inked fewer incentive deals in 2016
The Indiana Economic Development Corp. said the decline in deals is a good thing because it reflects a strong Hoosier economy.
GM stamping plant site going back on block
The owner of the former General Motors stamping plant property plans to solicit bids for the site as early as next month and is expecting proposals to be much bolder than previous pitches.
City approves tax break for Cummins’ downtown office project
The Columbus-based engine maker will receive a 10-year personal property tax abatement on IT equipment for its new nine-story building, where it plans to employ about 250 workers by next month.
IU’s Glass touts long-term commitment to Crossroads Classic, despite drawbacks
IU Athletic Director Fred Glass would have good reason to be conflicted about the Hoosiers’ participation in the all-Indiana hoops double-header, which is no doubt a boon for downtown Indianapolis and Butler.
New NFL Combine Experience expected to draw 100,000 fans to Indy
Tourism officials project that 40 percent of those attending the new fan-friendly event will come from outside Indiana. The attraction could score $2 million for downtown hotels and restaurants.
Officials want $150K loan tied to Muncie project paid back
The $150,000 loan to a businessman was made more than three years ago as part of an effort to redevelop a Muncie building and create jobs.