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Bill would give Beech Grove, Lawrence, Southport and Speedway more say in development

January 27, 2022 | Mickey Shuey

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.

State lawmakers eye business tax cuts

December 10, 2021 | Emily Ketterer

House Republican leaders want to reduce the personal property taxes businesses pay on equipment, claiming it is one of the last tax obstacles in recruiting new businesses and spurring growth for businesses already here.

Tech firm Genesys lands $580M in funding

December 10, 2021 | Susan Orr

The company, which offers cloud-based software and other products for call-center operators, has a significant presence in Indianapolis but it’s unclear how the recent investment might affect local operations.

IEDC chief lays out state’s new strategic plan for economic growth

December 2, 2021 | Emily Ketterer

Indiana Secretary of Commerce Brad Chambers has a vision for the state to “shoot higher” in its economic development efforts, which he outlined Thursday morning in a five-point strategy.

Trio of industrial buildings planned near Ruoff Music Center

November 11, 2021 | Mickey Shuey

A Carmel-based development firm plans to spend $70 million or more to turn agricultural fields in Noblesville into the site of three industrial buildings called Saxony Industrial Center.

OrthoIndy planning $12.5M outpatient clinic expansion in Westfield

September 30, 2021 | Kurt Christian

OrthoIndy is planning to expand its presence in Westfield by moving out of its current leased space and building a new $12.5 million facility all its own near State Road 32 and Austrian Pine Way. If approved, it could open to the public next summer.

Indy-area industrial market continues growth at record pace

September 17, 2021 | Mickey Shuey

More than 22 million square feet of space is already under construction, with some brokerages estimating several million more will break ground by the end of the year.

Beck’s opens world-class soybean tower in $62M expansion

August 26, 2021 | Emily Ketterer

The 10-story tower in northern Hamilton County is one of the largest soybean processing towers in the world, capable of processing three million bushels of soybeans annually, doubling Beck’s processing at the location.

Indianapolis-based Calumet to invest $2.7M in recently-acquired wax maker

August 17, 2021 | Susan Orr

Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.

Rolls-Royce celebrates completion of $600M in upgrades to local manufacturing campus

August 11, 2021 | Susan Orr

The $600 million project, announced in 2015, included upgrades to the facilities, machinery and manufacturing processes at Rolls-Royce’s Indianapolis operations. A pandemic-delayed celebration of the project is scheduled to take place Wednesday afternoon.

Incentives for multifamily project approved by council committee

July 20, 2021 | Mickey Shuey

The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.

Parks department plans to buy Broad Ripple community center after construction

July 14, 2021 | Mickey Shuey

Indy Parks said Tuesday that it expects to spend more than $20 million to acquire the 40,000-square-foot facility and avoid shelling out nearly $1 million per year as part of a long-term lease agreement.

Downtown heliport’s exit could clear way for redevelopment

June 25, 2021 | Mickey Shuey

The Indianapolis Airport Authority on June 18 agreed to work with city officials to find a new use for the 4.9-acre property at 51 S. New Jersey St.

Quantigen Biosciences plans Fishers expansion, 30 new jobs

June 23, 2021 | Kurt Christian

Fishers-based Quantigen Biosciences is spending $2.5 million to redevelop 40,000 square feet of office space along Interstate 69 as its new specialty contract research laboratory.

Fishers Council OKs $21M incentive package for Stevanato’s planned $145M facility

June 21, 2021 | Kurt Christian

The project agreement offers Italy-based Stevanato Group a 15-year tax abatement, a $2.4 million commercial property grant and nearly 36 acres the city plans to buy at 126th Street and Cumberland Road.

Sources: Rolls-Royce planning to vacate two-thirds of its downtown campus

June 17, 2021 | Mickey Shuey

The United Kingdom-based aircraft engine manufacturer is expected to jettison about 270,000 square feet of office space on its 2.2-acre campus at 450 S. Meridian St. About 3,000 people worked in the company’s downtown offices prior to the pandemic.

Owner of Carmel’s Clay Terrace files for bankruptcy

June 14, 2021 | Susan Orr

Washington Prime Group, which filed for bankruptcy Sunday, said it may end up selling some or all of its properties as part of its restructuring. The company also owns several other local retail centers.

Korean auto supplier plans to expand local presence with Franklin facility

June 10, 2021 | Susan Orr

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.

Family farm sells for $10.6M, paving way for 250 acres of industrial developments

June 8, 2021 | Mickey Shuey

Opus Development Co. plans to develop up to four buildings on the land in the Mount Comfort corridor, including a 862,000-square-foot distribution facility for Atkins Nutritionals.

Holladay Properties proposes $25.5M in new Westfield warehouse projects

May 25, 2021 | Kurt Christian

South Bend-based Holladay Properties is asking the city of Westfield to grant it a tax abatement to offset the costs of developing three speculative buildings in NorthPoint Industrial Park.

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