IEDC reports 4th straight record year for job commitments
The state’s lead economic development agency announced Thursday that it secured 282 business relocation or expansion deals in 2020 that are expected to result as many as 31,300 new jobs.
Indiana Economic Development Corp.
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Dinner at Governor’s Residence, $25M land purchase helped snag Elanco HQ
The state’s pitch to keep Elanco Animal Health Inc. in Indiana for the long term began with a dinner at the Governor’s Residence two years ago.
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Elanco to build $100 million HQ campus at former GM site downtown
The state has offered at least $86 million in tax incentives, plus land for the project.
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Rahal Letterman Lanigan Racing plans $20M Zionsville HQ
The project will allow RLL to moves its its IndyCar operations in Brownsburg and its International Motor Sports Association operations in Hilliard, Ohio, to one 13-acre site in Zionsville’s Creekside Corporate Park.
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Judge: Indianapolis not required to reveal Amazon bid proposal
The details of Indianapolis’ bid for Amazon’s second headquarters project might never be revealed after a judge ruled that the documents aren’t required to be released under Indiana’s public records law.
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Articles
Indy-based ag-tech firm plans to create 60 jobs by end of 2024
Founded in 2013, Advanced Agrilytics provides farmers with data and strategies on seeding rates, fertility applications and in-season crop management.
Elanco HQ expected to anchor new development, park expansion on former GM site
Beyond the public company’s $100 million headquarters campus, city and state leaders expect 26 acres to be used for an expansion of White River State Park and new projects potentially with residential, retail and office uses.
Combined state, local incentives for Elanco total at least $150M
The total doesn’t include the value of the land the state will give to Elanco Animal Health for the project. Even so, the combined city and state package is possibly the largest amount of tax breaks ever considered for an economic development deal in Indiana.
Indianapolis-based human resources business plans expansion
FullStack Inc. on Tuesday said it plans to add up to 21 employees by the end of 2024. The state offered the company tax incentives based on those hiring plans.
Ex-Purdue professor, wife get probation for research funds fraud
Qingyou Han, 62, and his wife, Lu Shao, 54, were ordered to pay a combined $1.6 million in restitution after pleading guilty to using more that $1 million in federal research funds for their own personal expenses.
Aptiv mum on $42M high-tech project in Hamilton County with 350 new jobs
State economic development officials have pledged more than $8 million in tax credits if Aptiv can meet its hiring goals, but neither they nor the firm will share other details about the project.
Ex-Cook Group execs to launch life sciences startup in Fishers
The new company, contract drug developer INCog Biopharma, plans to build a $60 million facility and hire up to 150 workers by the end of 2024.
Mattress-maker plans 350-worker northwest Indiana factory
Corsicana Mattress said the new plant will help it keep up with demand for its growing boxed-bed product line.
Direct foreign investment in Indiana now a key economic driver
After decades of skepticism, pretty much every Indiana political entity, from small towns to the Governor’s Office, strives to persuade overseas businesses to launch operations in the state,
Area ad agency adding 145 jobs, moving its HQ to downtown Indy even as industry shrinks overall
The Indiana Economic Development Corp. has offered JDA Worldwide and its newly created parent company, Prolific, up to $2.2 million in tax credits to support its expansion plans.
Belfast-based digital services firm planning to hire 133 in Indianapolis
Kainos Group Plc, a Northern Ireland-based digital services company that opened an office in Indianapolis in October, is planning to grow its Workday Practice business.
New institute may distribute $4M to manufacturers adopting smart technologies
The grants would lower barriers that manufacturers face when they try to digitize their operations by incorporating 3D printing, wireless infrastructure, energy resilience equipment, industrial internet-of-things sensors, cybersecurity and other smart technologies.
Italian steel firm to build $15M North American HQ in Indiana, hire 100
INOX Market Service announced Monday that it expects to open the 139,800-square-foot facility in Delaware County in the spring of 2021.
IBJ Podcast: Deciphering 5G and the new Indiana 5G Zone
Host Mason King talks with Bill Soards, president of AT&T Indiana, and Sean Hendrix, who is the director of emerging technologies and partnerships for Purdue Research Foundation, about why 5G matters and how it could be used in the manufacturing, agricultural and other sectors.
IEDC says 2019 deals created fewer jobs, but more investment, higher wages
The state’s lead economic development agency announced Monday that it secured nearly 300 development deals in 2019 that are expected to result in more than 27,000 new jobs.
Philanthropy-focused software firm planning to add 110 employees
Selfless.ly Inc. announced plans Thursday to grow operations significantly over the next four years as it expands operations in downtown Indianapolis.
Wet-Nap maker planning to build area production facility, add 90 jobs
Nice-Pak Products, a manufacturer of wet wipes for consumers, health care, food service and other commercial markets, announced plans Wednesday to build a 760,000-square-foot production and warehousing facility in Mooresville, creating 90 jobs.
Tech parks say they need more tax revenue to keep expanding
Seventeen of the state’s 23 tech parks have either hit or soon will hit the cap on the amount of tax revenue they can capture—and the people who run the sites say that puts all their progress at risk.
IEDC president to lead state’s new tourism agency
State lawmakers passed legislation during the 2019 session that allowed the Indiana Office of Tourism Development, which is under Lt. Gov. Suzanne Crouch and funded by the state budget, to become a quasi-governmental corporation as of July 1, 2020.