Caterpillar planning $725M expansion in Lafayette
Caterpillar said the project would help retain the nearly 1,900 employees who currently work at the facility and create another 100 jobs.
Caterpillar said the project would help retain the nearly 1,900 employees who currently work at the facility and create another 100 jobs.
Google on Friday announced it has purchased the nearly 900 acres of land being used for the development, which until now has been known as “Project Zodiac.”
The city will have new places to stay overnight and watch a hockey game. Fishers city government will move into a new home, and so will an Italy-based manufacturer.
The company intends to turn a mostly vacant property owned by Cook Medical into a microelectronics manufacturing and packaging facility.
If approved, the bonds are expected to pay for the demolition to demolish a former Marion County Jail 1 and renovate portions of the City-County Building ahead of a planned consolidation of city employees from satellite offices.
Almost a year after distributions started from the National Opioid Settlement, only $7.1 million has been put to use so far in Indiana as local units of government wrestle with how to make the most of the payments.
The 300,000-square-foot facility is being developed by local industrial real estate firm Scannell Properties LLC.
The tax abatement would save the company about $1.92 million in personal property taxes over eight years—about 66.3% of the total in taxes owed.
Following a $45 million renovation, RayzeBio plans to use the plant to make Actinium 225, a radioisotope used for targeted therapy for cancer.
The slowdown in leasing activity, which began late last year, is putting some developers in a tricky spot.
National efforts to boost computer chip and electric vehicle production are fueling a bidding war among states, including Indiana, that is driving up the cost and number of so-called “megadeal” incentive packages exceeding $50 million.
The company, which makes salad dressings, sauces and marinades, employs 230 people in Lebanon and expects to add more.
Smucker, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it will also pick up approximately $900 million in debt.
NXG Youth Motorsports has signed an option to purchase a 2.2-acre, city-owned plot just west of the former Central State Hospital site on the west side of Indianapolis.
A few of other bids were similar to the selected proposal put forth by TWG Development, while others went in a distinctly different direction. Here’s a look at those proposals.
Thursday’s decision means settlement money meant for thousands of victims and their relatives and for local and state governments could be delayed.
About 50 full-time jobs with an average pay of $29 per hour are expected to be created along with the expansion for Stoops Freightliner-Quality Trailer.
Mayor Joe Hogsett’s administration is seeking a stronger approach to force property and business owners to discourage behavior that compromises public safety.
The Greenwood City Council has given preliminary approval to a tax abatement on an $8.5 million speculative office building and is considering a separate incentive agreement for a manufacturer’s expansion.
The expansion will double shipping capacity and add automation technology that the company said will increase the speed with which merchandise gets sent to Walmart stores.