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.
Tax Abatements
Articles
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.
Allison Transmission seeking $2.7M tax break from city on $34.5M testing facility
Officials for the Indianapolis-based transmission giant tell city officials that the project would create 193 jobs that pay an average of $20.39 per hour, as well as help it retain current employees.
City-County Council approves $7 million tax abatement for Eli Lilly
The council voted 19-6 to approve Lilly’s request, which is tied to the firm’s pledge to spend $91 million on a building at its Lilly Technology Center that will house the company’s biosynthetic human insulin production operations
Maker of tobacco alternative moving headquarters from California to Westfield
Grinds LLC—which produces pouches of flavored coffee designed as a healthy alternative to chewing tobacco—plans to invest $6.7 million and create 56 jobs.
IT company HighPoint Global to expand local operations
The Indianapolis-based firm, which focuses on tech services that help government agencies communicate more effectively with constituents, plans to add 60 employees.
Lawn care equipment manufacturer plans 58 jobs in Lebanon
Startup Steel Green Manufacturing recently moved into a manufacturing facility in Lebanon and plans rapid growth over the next four years.
Swiss security-products maker plans 165 jobs at north-side operations
Dormakaba Group plans to nearly double the size of its manufacturing operations on the north side of Indianapolis in an expansion that’s expected to retain hundreds of jobs in Indianapolis.
Greenwood approves incentives for potential $80M Amazon project
The mysterious company that is considering building an $80 million distribution facility in Greenwood and creating 1,250 full-time jobs was revealed Monday night during a city council meeting.
Frito-Lay plans $159M snack-food expansion in Indiana
The nation’s largest snack food company is adding two production lines and about 50 employees to its already-sizable operations about 45 miles northwest of Indianapolis.
High-end tool maker expanding again in Lebanon, adding 65 jobs
Headquartered in Lebanon, Festool USA plans to add 80,000 square feet to its existing facility and has received tax incentives for the project from both the city and state.
Electric car maker targets Indiana for $160M plant, 467 jobs
SF Motors Inc., a Silicon Valley-based electric vehicle developer and manufacturer, said it could hire as many as 200 workers at the Indiana plant by the end of the year.
State, city offer more than $100M in incentives to Infosys
The economic development deal marks the largest jobs commitment the Indiana Economic Development Corp. has received since the agency was established in 2005. But it’s not the largest incentive package the state has offered.
Proposed $15M rehab promises offices, vast rec center on Mass Ave industrial corridor
Stenz Construction Corp. is seeking a city tax break to help offset costs for reclaiming a ramshackle set of buildings and creating fitness facilities, climbing walls, and office and restaurant space, among other features.
Two manufacturers plan new plants in Whitestown, nearly 200 jobs
A food-packaging maker and one of the world’s largest bearing manufacturers have plans to spend more than $22 million and lease more than 400,000 square feet of space in Boone County if tax incentives are approved.
UPDATE: Manufacturer SMC planning $68M expansion in Noblesville
The largest private employer in Noblesville is planning a mammoth new facility and dozens of new jobs at its North American headquarters campus.
Kitchen equipment maker plans $7M renovation, 75 jobs
The city’s Metropolitan Development Commission on Wednesday approved a personal property tax abatement to support CaptiveAire Systems Inc.’s expansion plan.
Lagging promises, Peapod agrees to terminate 7-year tax break from Indianapolis
The online grocery delivery service had pledged to invest $6.5 million in a distribution center on the city’s east side and expected to create 238 jobs by 2018.