Thyssenkrupp Steering will create 64 new jobs and plans to move existing positions from its operations in Indianapolis to the new location at Exit Five Parkway.
Much of the anticipated shortfall is due to a sharp decline in corporate income tax collections as businesses claim all the state tax credits they’re entitled to, rather than applying them in future years.
The announcement caps off what officials are calling a record year for economic development in the northern suburb—commitments for 2,185 new jobs and $64.5 million in capital investment.
The Boston-based insurer said it will lease 56,000 square feet in the Parkwood Crossing office complex to accommodate the expansion.
Dia&Co says it will employ 500 workers in the next four years at the distribution hub. An additional 372 employees could be hired at a planned customer service center, according to an agreement with the state.
Netfor, which already has 119 Indiana employees, said it has begun hiring for positions in sales, customer service, cloud support and field operations.
Fort Wayne Metals expects to add employees in all areas of the business, including production and maintenance, regulatory compliance and environmental safety.
The company, which sells software for on-site audio marketing, intends to spend $3.7 million to triple its office footprint in Fishers’ Nickel Plate District.
Noblesville-based Pharmakon had a history of making state and local incentive agreements before suspending operations last year after a Food and Drug Administration investigation uncovered safety issues and possible criminal activity.
Infosys leaders said Indiana officials took advantage of their earlier relationship to land one of the four U.S. hubs and as many as 2,000 jobs. Indianapolis and Carmel are in the running for the hub’s short-term home.
Mitsch Design Inc. said it will to invest nearly $2.4 million to expand its offices at the Indiana Design Center on Rangeline Road.
EduSource pairs its fulltime software engineers with paid student apprentices to build custom software for its clients.
The company, which already employs 40 in Indiana, is upgrading its Carmel headquarters and a downtown Indianapolis data center.
Indianapolis-based software company Greenlight.guru has moved operations from one downtown facility to another to accommodate expansion.
The company, which develops student-engagement applications for universities, more than doubled its office space this month by moving operations across Monument Circle, from Circle Tower into the Lacy Building.
The IEDC approved a $7 million incentives package that requires Carrier to keep 1,069 jobs here, although the company is still sending hundreds of other jobs to Mexico.
The manufacturer landed the local tax incentives in 2006, then closed its Indianapolis plant in 2015.
NTN Corp. and state economic development officials announced Friday that NTN subsidiary NTK Precision Axle Corp. plans to break ground on the 300,000-square-foot facility this spring.
Arizona-based Levementum LLC is on track to receive state and local incentives to help fuel the expansion of its Indianapolis office.
Indiana employers would be able to claim tax credits to offset costs associated with training and credentialing their employees under legislation being considered by the Indiana General Assembly.