Holladay Properties plans $21.4M conversion of downtown Angi building
The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.
Tax Abatements
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TWG seeking tax break on $73M apartment complex planned near Lucas Oil Stadium
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
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Calumet Specialty Products a step closer to tax break for HQ move to Stutz
The City-County Council’s Metropolitan and Economic Development Committee advanced a tax-abatement proposal Monday that would save Calumet about $129,440 over a four-year term. In return, Calumet has committed to retaining 190 jobs.
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Republic, Blue Polymers seek $9.9M in tax breaks on south-side recycling complex
Together called the Polymer Recycling Complex, the two side-by-side buildings are expected to work together to recycle plastics from curbside collection and then use that recycled plastic to create new products.
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Greenwood council considering tax breaks for two projects
The Greenwood City Council has given preliminary approval to a tax abatement on an $8.5 million speculative office building and is considering a separate incentive agreement for a manufacturer’s expansion.
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Articles
Drugmaker Novartis to expand nuclear medicine factory near airport, creating 55 jobs
Novartis Manufacturing LLC told a committee of the City-County Council on Monday evening that it plans to spend up to $125 million to construct and equip a 79,000-square-foot-building for radiopharmaceutical manufacturing and distribution on the city’s west side.
Bila Solar seeks tax break on $36M in equipment for HQ, production facility
The tax abatement would save the company about $1.92 million in personal property taxes over eight years—about 66.3% of the total in taxes owed.
Gershman, Citimark seeking tax break on $175M south-side industrial project
Built primarily on what is now agricultural land, the 1.9 million-square-foot project is expected to encompass 170 acres and consist of five buildings, ranging from 100,000 square feet to nearly 575,000 square feet.
Compounding pharmacy moving from Carmel to Fishers, plans 50 new jobs
Pure Pharmacy plans to spend about $4.5 million to lease and equip about 21,000 square feet near the Indianapolis Metropolitan Airport, Fishers officials said.
4 years into incentives plan for developers, community-building programs emerging
Indianapolis developers receiving tax abatements have committed to providing nearly $5 million to help struggling middle- and low-income families gain access to economic opportunities and become more upwardly mobile.
Indianapolis ed-tech firm secures $1.45M in state incentives
Ellipsis Education, which formerly operated as Codelicious and currently has 30 employees, plans to hire another 91 people over the next few years. The company, which offers computer science curricula for schools, says school districts’ growing interest in computer classes is fueling its growth.
Tech consultant eImagine nabs state incentives to hire more Hoosiers
The Indianapolis-based firm has already made progress on its goal of hiring 113 additional Hoosiers by the end of 2026.
Noblesville approves $9.5M bond, tax breaks for Bastian Solutions HQ
The company plans to create 250 jobs over the next five years in Noblesville with an average salary of $67,000 and retain and relocate 400 employees to the new corporate campus.
Optometry business plans new office, more staff in Greenwood
The Greenwood Common Council this week voted unanimously to approve the creation of an economic revitalization area and provide a real property tax abatement for VisionQuest Eyecare.
Noblesville City Council approves incentives for $30M SMC expansion plan
SMC Corp. of America plans to expand its total workforce in Noblesville to 1,157 by 2032.
Nestle seeks tax break for $400M expansion in Anderson
The firm says the expansion likely will result in 68 new jobs at the beverage production facility along Interstate 69.
Manufacturer seeking incentives for $30M expansion, 288 jobs in Noblesville
SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.
California biotech to invest $45M in Indy, hire 64 people
RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest in improvements and equipment in a former warehouse for e-commerce giant Amazon.com Inc.
Developer seeking incentives for $12.5M revamp of Mass Ave building
Landmark formally acquired the building for $4.6 million in April and has already started demolition work inside the structure.
Whiteland approves tax break for spec warehouse near Interstate 65
Cincinnati-based Uptown Commercial Partners plans to invest nearly $29 million to build the facility on a 40-acre site just east of the Graham and Whiteland roads intersection, and west of Interstate 65.
Bill would give Beech Grove, Lawrence, Southport and Speedway more say in development
Sen. R. Michael Young, R-Indianapolis, is pushing a bill that would require the Metropolitan Development Commission to notify Marion County’s independent cities and towns before it considers tax abatements for development projects in each city.
Korean auto supplier plans to expand local presence with Franklin facility
Daechang, which makes seating components for Kia, Hyundai and Subaru, established its North American headquarters in Indianapolis in 2017. The Franklin facility would be its second local site.
Logistics firm planning up to 500 distribution jobs in Whitestown
A logistics company affiliated with online retailer Shein plans to open a distribution center in Whitestown that will employ up to 500 full-time workers, the city announced Wednesday night.
Ambrose requests tax break for redevelopment of former Navistar site
The Indianapolis-based developer plans to break ground later this year on the building—its first at the 93-acre site that on the east side Ambrose has branded Indianapolis Central Logistics Park.