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1,252 results for 'abatement'

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Articles

Packaging company seeks tax breaks for local plant

July 13, 2015

A Louisville-based manufacturer of corrugated boxes and other packing supplies is seeking a tax abatement from the city to help it open a local plant and distribution center that would hire 60 workers over the next two years.

Local machining firm seeks tax break for $8.5M expansion

June 30, 2015

Aerodyn Engineering Inc. plans to spend $8.5 million to expand its headquarters at 1919 South Girls School Road and add 20 employees by the end of 2019.

Food manufacturer plans $110M expansion of local plants

June 30, 2015

Chicago-based Ingredion, which makes starches, sweeteners, texturants and nutritionals, is seeking city tax incentives to help it pay for major investments in its south-side operations.

Produce distributor Caito plans $14.7M expansion, 342 jobs

June 29, 2015

Caito Foods Service Inc. is seeking tax abatements from the city to help offset the cost of building and equipping a major new distribution facility on the city’s east side.

Fishers waives $400,000 mortgage on ice arena

June 16, 2015

Continuing a commitment to youth sports, the Fishers City Council approved waiving the mortgage in return for a commitment from the owner to invest $2 million in The Forum at Fishers Ice Arena.

Roto-Rooters breaks ground on $6M facility in Fishers

June 15, 2015

Roto-Rooter Inc. has started construction on its new facility in Fishers near 116th Street and Interstate 69.

Noblesville foundry plans to ramp up workforce by 400 jobs

June 12, 2015

Ohio-based company ID Castings LLC previously announced plans to invest $51.4 million to overhaul the former Noblesville Foundry on South Eighth Street, resurrecting a property that has been underused for years.

Suburban cities may form regional group to fund transit route

June 9, 2015

Four cities are considering creating an economic development group to obtain state funding for the first phase of a regional rapid-transit route for all-electric buses.

IPL to build $25M storage complex in Marion County

June 5, 2015

The Battery Energy Storage System, or BESS. will be built at the Harding Street Station. The utility received approval for a 10-year tax abatement from the county that will save it more than $3 million on the project.

Noblesville abatements include help for downtown building

June 4, 2015

Timberline Properties LLC is proposing a seven-year, $35,000 abatement for a project that would renovate 5,800 square feet on the second floor of the Caylor Building into 10 to 12 office suites and a business incubator.

Opus building $10.9 million warehouse on west side

June 3, 2015

The Minneapolis-based developer is constructing the facility on a speculative basis, as demand for industrial space in the metropolitan area remains high. The building should be finished in February.

GM poised to reveal big investment at Fort Wayne-area plant

May 26, 2015

GM previously said it was considering upgrading the truck assembly plant  to build its next generation of pickup trucks. The Allen County Council voted in October to approve a 10-year tax abatement that would save GM more than $15 million on a possible $1 billion investment in equipment and related improvements.

Steel Dynamics to make $100M Mississippi expansion

May 22, 2015

Indiana-based Steel Dynamics Inc. said it will invest $100 million to add more steel-finishing capacity at its mill in Columbus, Mississippi, and add 40 employees to the current 630 at the plant.

EDITORIAL: No incentives for Indianapolis Power & Light project

May 21, 2015

That’s the message city officials seem to be sending of late, and it’s a troubling trend for a county tax base that struggles to fund basic services.

Sign company ends economic development deal with Fishers

May 20, 2015

A sign company that moved to Fishers in 2014 and snagged an economic incentives deal with the city is backing out of the plan.

IPL plans $25M power-storage facility at Harding Street plant

May 18, 2015

The utility is seeking a $3.1 million tax incentive that it says will help it retain 791 employees in Marion County.

State tweaks law to entice $500M Rolls-Royce upgrade

May 14, 2015

If a tailor-made tax credit is any indication, Rolls-Royce Group plans to spend at least $500 million modernizing its Tibbs Avenue jet-engine factory.

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Advice for Indianapolis’ next mayor

May 14, 2015

The next few months will set the tone for a new administration and the city’s future. Based on our time in city and county leadership, we recommend the candidates give attention to the following civic paradoxes

Beverage bottler plans $6.3M local distribution center

May 4, 2015

American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.

Local environmental firm planning expansion

May 4, 2015

Locally based Environmental Forensic Investigations Inc. plans to move into a larger headquarters near downtown, doubling its employment to 84 over the next five years.

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