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UPDATE: Meta’s planned $800M investment in Lebanon could lead to $4.8B, mayor says

November 26, 2024 | Mickey Shuey

The Lebanon City Council on Monday night approved the creation of a tax-increment financing district and performance-based incentives to try to secure a deal with the parent of Facebook and Instagram.

Colorado business seeks tax abatement on Pike Township battery storage project

November 19, 2024 | John Russell

The proposed battery farm would store electricity during times when there’s excess power on the grid and then discharge the energy back into the grid during times of peak demand.

By city’s own standards, pay rate fails to measure up

October 18, 2024 | Taylor Wooten

Across Indianapolis city-county government, 166 employees earn less than $18 an hour, the benchmark that some groups consider a living wage, including the city’s economic development arm.

Cecil Bohanon and John Horowitz: Are carbon taxes a beneficial tool? It depends.

October 4, 2024 | Cecil Bohanon and John Horowitz

The last time world CO2 levels consistently exceeded today’s 420 ppm was about 14 million years ago during the middle Miocene, after which the Earth slowly cooled toward a series of ice ages.

City commission approves abatement for Angi building apartment conversion

October 3, 2024 | Mickey Shuey

Plans for the 180-apartment project also call for an entertainment commercial tenant for 18,000 square feet on the second floor and a white box retail space on the west side of the first floor.

Holladay Properties plans $21.4M conversion of downtown Angi building

September 27, 2024 | Mickey Shuey

The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.

McCormick seeks to ‘reform’ IEDC as part of economic development plan

September 26, 2024 | Cate Charron

Jennifer McCormick, the Democratic candidate for governor, released a set of economic development policy goals Thursday morning that call for “reform and increased transparency” in the Indiana Economic Development Corp.

California-based med tech company to relocate to Westfield

September 24, 2024 | Daniel Bradley

PhysioLogic Devices Inc. will change its name to Portal Diabetes Inc. following the company’s move. It plans to employ up to 35 full-time employees by 2028 with an average salary of $135,265 each.

Council OKs revised elected-official pay, ethics disclosure ordinances

September 24, 2024 | Taylor Wooten

The Indianapolis City-County Council on Monday evening voted to approve two tweaked proposals: one that increases long-stagnant countywide elected official pay and the other requiring councilors to fill out more in-depth, publicly available disclosure forms.

Indianapolis tax district board taking shape with two more proposed appointments

September 20, 2024 | Taylor Wooten

The Indianapolis City-County Council plans to vote in the coming weeks to add two women to the board that will oversee the management of a new tax focused on improving downtown’s cleanliness, public safety and homelessness situation.

Candidates for governor want to seed job growth locally

September 13, 2024 | Cate Charron

IBJ asked Republican U.S. Sen. Mike Braun, Democrat Jennifer McCormick and Libertarian Donald Rainwater how they plan to approach economic development and job creation.

Indy councilors consider more accessible and expansive financial disclosures

September 6, 2024 | Taylor Wooten

For now, disclosure forms bearing councilor workplaces, board memberships and potential conflicts of interest are only available through a records request to the council office.

Holcomb names four Indianapolis business leaders for downtown tax board

September 3, 2024 | Mickey Shuey

The appointments are the first of several expected to be made before November for the board, which was authorized by the City-County Council last month.

Local chocolate maker SoChatti announces ‘bittersweet’ closure

August 30, 2024 | Cate Charron

Founder and CEO Matt Rubin told IBJ that he decided to instead focus efforts on the chocolate business’ parent company, True Essence Foods Inc., which specializes in developing food-making technologies.

Lieutenant governor candidates debate property taxes, water rights

August 13, 2024 | Cate Charron

Republican Micah Beckwith, Democrat Terry Goodin and Libertarian Tonya Hudson spent most of Tuesday’s agriculture-focused debate arguing over whose tax policies would be most beneficial.

City-County Council approves tax district for downtown enhancements

August 12, 2024 | Taylor Wooten

The taxing district is expected to generate about $4.65 million a year for downtown-focused efforts in Indianapolis, along with funding the operating costs of the low-barrier homeless shelter planned on the southeast side of downtown.

Business groups await more details, urge caution on Braun property tax plan

August 9, 2024 | Cate Charron

Republican gubernatorial candidate Mike Braun’s lack of particulars on his property tax relief plan for homeowners has raised concerns that the tax burden could be shifted to business and agricultural property owners.

Revamped downtown CSX redevelopment plan features upscale hotel, music venue

July 18, 2024 | Mickey Shuey

An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.

INCOG BioPharma investing additional $125M on Fishers campus

July 15, 2024 | John Russell

The expansion plan includes construction of a 100,000-square-foot building on its corporate campus and the addition of 100 jobs.

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