Indy Economic Development Inc. is creating a matrix that rates proposed data center projects to determine whether — or to what extent — such projects deserve city incentives.
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Milan-based Prysmian Cables & Systems USA LLC plans to build a roughly 143,500-square-foot addition to its existing 52,000-square-foot facility along Rockville Road on the western edge of Marion County.
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Plans call for the 22,500-square-foot flex office building to be built on a 1.72-acre lot near the Indianapolis Metropolitan Airport.
The Indiana Court of Appeals is siding with Republic Airways in the latest battle of an ongoing feud between the airline and the city of Indianapolis over $247,522.17 in tax incentives.
Private meetings between legislators and lobbyists for data center companies resulted in rewritten incentive provisions that were not reviewed in public and were inserted in the final bill.
Carmel-based Heartland Food Products Group plans to construct a new building and add the newly acquired Splenda brand to its product manufacturing operations in Indianapolis.
The Indiana Senate is considering language that would see local governments get potentially significant payments from data center operators seeking to build in their towns.
House Bill 1333 would require data center developers that receive sales tax exemptions to give 1% of the abatement to local governments.
The mixed-use project with at least 250 apartment units would replace a collection of single-story buildings known as Winterton Office Park constructed in 1963.
Arrow McLaren expects to make a total investment of $30 million in its new home at 7615 Zionsville Road and is seeking city and state incentives to help reduce the cost of the project.
The project would fill out the rest of the available land in Thunderbird Commerce Park, which is situated on the former site of the Ford Visteon Plant.
Data center construction has been met with some apprehension, including the low number of jobs produced for the large tax incentives and utility burden these developments require.
The $17.5 million project, known as Monon 21, is expected to bring townhomes and single-family dwellings to the 3.5-acre site at 2060 Yandes St.
The proposed battery farm would store electricity during times when there’s excess power on the grid and then discharge the energy back into the grid during times of peak demand.
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.
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.
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.
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.
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.
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.
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.
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.
