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.
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.Read More
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.Read More
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.Read More
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.Read More
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.
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.
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.
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.
The Indianapolis-based firm has already made progress on its goal of hiring 113 additional Hoosiers by the end of 2026.
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.
The firm says the expansion likely will result in 68 new jobs at the beverage production facility along Interstate 69.
SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.
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.
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.
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.
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.
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.
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.
A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.
Carmel-based SEP and Indianapolis-based developer Pure Development Inc. are partnering to build the 70,200-square-foot facility in Westfield by the end of next year.
In the past seven years, the drugmaker has received tax breaks worth nearly $40 million in exchange for investing more than $500 million at its Indianapolis properties.
A not-for-profit tax policy group will make its case in court next month that the public is entitled to know the financial incentives that were offered to Amazon in the city’s unsuccessful bid to lure the firm’s multibillion-dollar secondary campus.
The tax abatement is for equipment the artisanal, vegan chocolate maker and distributor plans to use at at its new, 12,870-square-foot facility in the Circle City Industrial Complex, 1125 Brookside Ave.