Months after Indiana’s attorney general said he’d send about 660 local governments their shares of the state’s $507 million opioid crisis settlement with drug manufacturers and distributors, none have received the money.
RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest in improvements and equipment in a former warehouse for e-commerce giant Amazon.com Inc.
City officials see the 0.65-acre parcel at 222 N. Alabama St. as a connector between the Mass Ave cultural district and the Market East area, potentially with a hotel or apartment project.
The South Bend Regional Chamber says if the New Carlisle site is chosen for the project, the plant could generate an estimated $652 million in annual economic impact once fully operational.
City officials said Stevanato Group wants to increase its total investment in its Fishers plant to $512 million and its hiring plan to 515 employees. The facility is under construction near 126th Street and Cumberland Road.
About 40 stations, including roughly a dozen in the Indianapolis area, will be partially funded through Indiana’s $100 million portion of the $1 trillion Bipartisan Infrastructure Law passed last November.
The Indy Eleven soccer team owner said he is confident his plans for a downtown stadium won’t hinge on asking for more state tax dollars than already promised, despite the project’s cost increases since the Legislature agreed three years ago to help fund it.
The state needs to keep up its frenetic drive toward economic progress and boost its pool of educated tech workers if it hopes to surpass other states and become a technology hub for the heartland and the nation.
Gov. Eric Holcomb’s visit will tout the Hoosier state as a key place for Asian companies to invest and manufacture computer chips and electric vehicle batteries.
A joint venture between General Motors Co. and LG Energy Solution has filed a tax abatement application for a facility in New Carlisle that—based on similar projects elsewhere—could bring more than $2 billion in investment and more than 1,000 jobs to northern Indiana.
Carmel-based developer Lauth Group Inc. said Wednesday it has acquired the former Ford Visteon campus on the east side of Indianapolis and is moving ahead with plans for a $175 million, multi-tenant industrial park on the site.
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
Kansas City, Missouri-based commercial real estate developer VanTrust Real Estate LLC said it plans to spend about $220 million to construct six industrial buildings, with three each at sites in Hancock County and Hendricks County.
After Indiana Attorney General Todd Rokita used the announcement of the landmark $507 million opioid settlement to take a swipe at trial lawyers, one plaintiff’s attorney is hitting back, accusing the state’s top lawyer of nearly scuttling the deal.
The Attorney General’s office reported all 648 political subdivisions in Indiana have joined the settlement, which is part of a roughly $26 billion payout across 46 states.
The Indiana Economic Development Corp. laid out a substantial incentive package to lure the joint venture, with tax credits and investments totaling at least $186 million.
