City considering abatement terminations, continuances
Five companies are set to have their tax breaks terminated or continued as the city attempts to update the state of the benefits that date to the previous administration.
Tax Abatements
Articles
Bioanalytical researcher seeking abatement for new lab
Advion, a provider of bioanalytical research and a subsidiary of Ithaca, N.Y.-based Advion BioSciences Inc., is expected to open the 22,000-square-foot lab in mid-May with 49 employees, according to the company’s application.
Tax breaks for Rolls-Royce hinge on investment, not jobs
City officials’ fear that Rolls-Royce Corp. might pull thousands of jobs out of Indianapolis drove the negotiations that culminated last month with the company’s committing to move 2,500 of its local office employees to the south side of downtown.
Software services firm plans 500 jobs in Evansville
SS&C Technologies said it will create the jobs by investing about $3.9 million to open a service and technology center in the southwestern Indiana city. The company will begin hiring immediately and expects to begin operating in the second quarter of 2011.
DeVry wins abatements for nursing school
The Metropolitan Development Commission awarded the tax abatements for the nursing school, set to open in October, despite opposition from the Nora-Northside Community Council and Metropolitan School District of Washington Township.
Casket maker plans $16.5M investment, 300 jobs
Indianapolis-based Genesis Casket Co., launched just last year, expects to produce 30,000 caskets in its first full year of operation. The company plans to fill the first 150 jobs by the time the plant opens this summer.
UPDATE: Competitors’ woes could help Fishers mortgage firm expand
Fishers-based Stonegate Mortgage Corp. plans to spend about $3 million to expand operations, creating up to 300 jobs by 2015.
Medical device maker expanding in Fort Wayne
L.H. Medical Corp. said it plans to create up to 65 jobs by 2013 and invest $5.4 million to more than triple the size of its manufacturing operations.
City approves Beckman Coulter tax abatement
The tax abatement is tied to an expansion in which the company plans to invest $18 million in its Indianapolis operations and add as many as 95 jobs in the next three years.
Expanding tax breaks could be a tough sell in Marion County
Republicans who now control the Indiana House are poised to push reforms next year that would strengthen local governments’ ability to offer businesses tax abatements. But the changes might be met with caution in Marion County.
Rail company plans new plant, 650 jobs in Muncie
Alabama-based Progress Rail Services, a subsidiary of Caterpillar Inc., said it plans to invest about $50 million to open the first locomotive manufacturing and assembly plant in the United States in many years.
Cummins expanding in Columbus, plans 350 jobs
Cummins Inc. announced Tuesday that it will expand its headquarters in Columbus, adding at least 350 professional employees during the next 18 months to support global operations.
Canadian company plans to create 175 jobs in Miami County
Conforce International Inc., a manufacturer of composite flooring systems for the transportation industry, plans to invest more than $13.8 million to purchase and equip a plant in Peru, which would be the company’s first location in the United States.
Grocery distributor to create 100 jobs in Bloomington
State economic development officials on Wednesday announced food distributor Nash Finch Co.’s plans to open a Bloomington warehouse and hire 100 workers, formalizing a commitment the Minnesota-based firm made this summer.
Firms with jobs ask for the moon; governments here show restraint
Businesses have always held the upper hand in negotiating for incentives with local government, but the past couple of years have given rise to the most intensely competitive economic development environment since the early 1980s.
UPDATE: New tech jobs come with handsome wages
Mobi Wireless expects to pay average wages of more than $50,000 to 253 new workers; Bostech Corp. expects to pay more than $80,000 to 61 new employees.
Caterpillar seeks tax abatement for Franklin plant
Caterpillar Reman Powertrain is requesting the tax break to offset costs related to a $13.6 million investment the company says will help retain 338 factory jobs.
IT firm approved for tax breaks on $29 million project
Lightbound LLC plans to construct 50,000-square-foot data center near Kentucky Avenue on the city’s southwest side. The abatement
should save the company $2.5 million.
Illinois firm to build used oil plant in Speedway
The $40 million project along West 10th Street could create 75 jobs by 2013.
IT staffing firm plans downtown expansion, 80 new jobs
Smart IT Staffing Inc said Wednesday morning that it plans to expand its Indianapolis headquarters, creating up to 80 new
jobs by 2014.