Southern Indiana county balks at state’s regional initiative
A southern Indiana county council has voted against joining a regional collaborative effort on development projects being pushed by Gov. Mike Pence.
Economic Development
Articles
Noblesville foundry plans to ramp up workforce by 400 jobs
Ohio-based company ID Castings LLC previously announced plans to invest $51.4 million to overhaul the former Noblesville Foundry on South Eighth Street, resurrecting a property that has been underused for years.
Governor sees merit to central Indiana reservoir proposal
Gov. Mike Pence said the proposed $450 million project could help the state's long-term water needs and provide a fresh way of attracting investment and people to the Anderson area.
Sealing manufacturer plans $20 million expansion
Manufacturer Freudenberg-NOK Sealing Technologies plans to spend $20 million to expand its plant in Morristown, creating up to 75 jobs by the end of 2019, the company said Thursday morning.
Indiana tries to lure Connecticut firms amid tax controversy
The state of Indiana is suggesting three major Connecticut employers that openly criticized planned tax increases consider moving to the Hoosier State.
Suburban cities may form regional group to fund transit route
Four cities are considering creating an economic development group to obtain state funding for the first phase of a regional rapid-transit route for all-electric buses.
IPL to build $25M storage complex in Marion County
The Battery Energy Storage System, or BESS. will be built at the Harding Street Station. The utility received approval for a 10-year tax abatement from the county that will save it more than $3 million on the project.
Noblesville abatements include help for downtown building
Timberline Properties LLC is proposing a seven-year, $35,000 abatement for a project that would renovate 5,800 square feet on the second floor of the Caylor Building into 10 to 12 office suites and a business incubator.
Illinois well services company moving offices to Indiana
Franklin Well Services executives said the company will have about 90 people working at its new headquarters in Vincennes. It is already moving employees and equipment from its current office in Lawrenceville, Illinois.
Technology companies plan local office expansions
Aura IT Consulting Inc. and Return Path Inc. hope to add a total of 50 employees by the end of 2019.
GM plans $1.2B in upgrades for Indiana truck plant
The project announced Tuesday includes new painting facilities, an expanded body shop and improvements to the truck assembly area at the factory near Fort Wayne that has about 3,800 workers.
GM poised to reveal big investment at Fort Wayne-area plant
GM previously said it was considering upgrading the truck assembly plant to build its next generation of pickup trucks. The Allen County Council voted in October to approve a 10-year tax abatement that would save GM more than $15 million on a possible $1 billion investment in equipment and related improvements.
Manufacturer plans major expansion, 131 new jobs
The world’s largest manufacturer of automobile emission-control systems plans to expand its North American headquarters in Columbus, adding 131 workers by the end of 2017, the company announced Wednesday.
Plainfield logistics company to expand at new site
Integrated Distribution Services Inc. plans to consolidate its operations in Plainfield into one huge facility, enabling an expansion that could create 71 new jobs by the end of 2020, the logistics company announced Monday.
IPL plans $25M power-storage facility at Harding Street plant
The utility is seeking a $3.1 million tax incentive that it says will help it retain 791 employees in Marion County.
Sun King’s Fishers brewery could be delayed to 2018
The Fishers City Council might vote on a resolution Monday night that would extend the economic-incentives deal for the proposed destination brewery and tasting room by two years.
State to spend $750K in developing ad campaign to undo harm
Indiana is going to pay a New York public relations firm up to $750,000 to come up with a plan to try to rebuild the state's damaged image after widespread criticism over the Religious Freedom Restoration Act.
State tweaks law to entice $500M Rolls-Royce upgrade
If a tailor-made tax credit is any indication, Rolls-Royce Group plans to spend at least $500 million modernizing its Tibbs Avenue jet-engine factory.
Noblesville OKs $3.7M in incentives for BlueSky
Noblesville Common Council approved spending up to $3.7 million to persuade an e-commerce consulting firm to build a new headquarters near downtown Tuesday night.
Software firm Bloomerang snags free land for HQ move
The donor-management software firm says it plans to spend at least $8 million building a headquarters complex at Fort Harrison, part of an attractive deal that involves free public land and a roughly $300,000 grant.