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.
Tax Abatements
Articles
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.
Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant
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.
Westfield council OKs $3.5M tax abatement for software firm’s HQ
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.
Lilly seeking $23.8M tax break to expand diabetes research, production
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.
Hearing set on fight over disclosure of Indianapolis’ Amazon HQ2 bid
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.
Local chocolate maker SoChatti receives city tax breaks
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.
Fishers City Council advances Hub & Spoke tax abatement, road project bond
The Fishers City Council gave preliminary approval Tuesday to a 10-year tax abatement for the developers of the Hub & Spoke building and approved $3.125 million in road project bonds.
Local mechanical contractor to build $6.5M headquarters
Indianapolis-based mechanical contractor R.T. Moore Co. Inc. expects to create 40 jobs as part of the project, with average wages of about $32 per hour.
UPDATE: Transportation contractor plans $11M headquarters on southeast-side
Milestone Contractors LP received approval for incentives from the city of Indianapolis tied to an effort to build a 25,000-square-foot office building and 52,000-square-foot garage in Beech Grove.
High-tech mobility company plans lab, 50 high-paying jobs in Westfield
Aptive Plc, a mobility tech company formerly known as Delphi Automotive, plans to open a $9 million engineering lab in Westfield, the city announced Monday night.
Tax abatement rejection threatens Indiana solar farm project
Officials in Madison County have rejected a tax abatement for a proposed solar farm, putting the $110 million project in jeopardy.
Local production bakery plans $25M expansion, 50 new hires
CraftMark Bakery, the baked goods supplier for more than 70,000 restaurants in North America, is planning another expansion that would bring employment up to 446 by the end of 2022.
City to tie incentives to $18-an-hour pay
Starting Jan. 1, Develop Indy will change the way it awards millions of dollars in tax abatements and training grants annually. Only businesses that pay workers at least $18 an hour, give them access to health care benefits and support other community programs will be eligible.
City orders Delco Foods to pay nearly $100,000 for breaking incentive deal
A local food distribution company that plans to move its operations to Whitestown next year will have to pay off $98,406 in tax breaks, the Metropolitan Development Commission ruled this week.
State bets tax breaks will lead to influx of data centers
State lawmakers last month passed a much-ballyhooed law that exempts sales taxes on equipment, infrastructure and electricity costs for sizable data centers constructed in Indiana.