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City approves tax break for Cummins’ downtown office project

December 22, 2016

The Columbus-based engine maker will receive a 10-year personal property tax abatement on IT equipment for its new nine-story building, where it plans to employ about 250 workers by next month.

City officials to vote on Rexnord’s $381K tax-break clawback

December 16, 2016

The resolution directs the manufacturer to pay back the money and authorizes the Department of Metropolitan Development “to take such action as is necessary to recover said damages.”

Hachette Book Group adding 130 jobs in Lebanon

December 13, 2016

The book publishing company plans to invest $2.5 million to create the jobs and add new equipment in three buildings that total nearly 2 million square feet in the Lebanon Business Park.

Seattle-based bar-accessory business plans local warehouse, 101 jobs

December 6, 2016

True Fabrications Inc. has proposed occupying an existing 125,194-square-foot building in Warren Township to use as its first regional distribution center outside of Washington.

Pharmaceutical firm plans $10.4M in new equipment, 60 jobs

December 5, 2016

The company has requested a tax break from Indianapolis officials on the project that would save it about $484,000 over eight years.

City tries to claw back $380,675 from exiting Rexnord Corp.

November 21, 2016

As the manufacturer prepares to move its Indianapolis operations to Mexico, city officials are demanding a refund in tax incentives received by the firm.

Old Greenwood city hall acquired, lands tenant

November 21, 2016

Cornerstone Autism Center plans to hire about 30 employees in the next year in the 96-year-old Polk Building, which is undergoing a major rehab by its new owner.

Cook Group plans $16.5M local expansion, 82 jobs

November 15, 2016

The company said the expansion would help it retain 68 employees in Marion County who make an average of $28.85 per hour and hire 82 making similar wages over the next five years.

2016 WOMAN OF INFLUENCE: Katie Culp

October 28, 2016

A leader in economic development through her work with Indy Partnership/Indy Chamber, Boone County Economic Development Corp. and the city of Indianapolis, Katie Culp has 16 years of experience working with clients and on projects in 46 states.

Construction under way on Celadon’s new $24M headquarters

October 25, 2016

The trucking company will move from the east side of Indianapolis to Mount Comfort in Hancock County, where it will have room to grow and better access to Interstate 70 for its drivers.

Wurth Service Supply expanding, moving to Greenwood with $11.5M project

October 24, 2016

The distribution company, currently located on the north side of Indianapolis, is building a 230,000-square-foot facility in Greenwood’s Southpoint Business Park.

Mayor unsure how much of Rexnord incentives city could claw back

October 20, 2016

Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.

Rolls-Royce’s $400M modernization is massive juggling act

October 13, 2016

With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.

Downtown TIF expansion in works

September 29, 2016

Mayor Joe Hogsett’s administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.

Three massive industrial projects on tap for Plainfield

September 27, 2016

The buildings will add 1.8 million square feet to the town’s already robust distribution market and will be built on a speculative basis, indicating healthy demand for such space.

Liquor distributor plans $7M renovation, 30 new jobs on south side

September 22, 2016

The parent company of National Wine & Spirits, has applied to the city for a property-tax abatement on the project that will save it an estimated $335,243 over the eight-year abatement period.

New Noblesville headquarters in the works for Spectra Tech

September 14, 2016

The company plans to spend $825,000 to construct a 9,000-square-foot headquarters that will provide warehouse and office space.

Verdure Sciences plans to build $3.5M HQ in Noblesville

September 14, 2016

Verdure Sciences has filed plans with Noblesville to build a 15,000-square-foot facility on a 7-acre property in the Metro Enterprise Park near the southwest corner of Pleasant Street and Union Chapel Road.

FedEx planning $170 million in improvements at airport hub

September 12, 2016

According to a tax-abatement application with the city, FedEx plans to install $170 million in new package-sorting equipment, while adding 27 full-time jobs and 178 part-time jobs. It would also retain 728 full-time and about 3,200 part-time workers.

Trucking giant pegs Whitestown for parts distribution center, 45 hires

August 24, 2016

A company that sold more than 160,000 trucks last year intends to spend $12.35 million to lease and equip a 283,500-square-foot facility for sending parts across the Midwest.

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