Fastenal seeks tax abatement on $11M expansion
The firm intends to make its facility north of 56th Street on Guion Road the main hub for more than a dozen other regional distribution centers, and to hire 60 more workers.
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Apparel firm requests tax break on $15M project
OSP Group is in the midst of re-evaluating its national distribution network and has identified major improvements needed at the center, which employs 625.
Indiana lawmakers pass package of business tax cuts
The corporate income tax and state banking tax would be reduced to 4.9 percent and local governments would be left to decide whether to cut the business equipment tax.
Hicks: Local government should track job growth, too
Before we get down to evaluating economic development incentives, we ought to understand just what it means to “create a job” and how we can honestly evaluate tax incentive policies.
FEIGENBAUM: Budget concerns push big ideas into next year
Amazing how deadlines—particularly pushing them forward—can ensure compromise in the General Assembly’s conference committee process.
FEIGENBAUM: Region has much at stake as session closes
Local governments have loudly fretted about the potential loss of tax dollars from a reduction or elimination of the business personal property tax, and raised concerns about forcing intrastate competitions for business relocations.
Business tax cuts enter House, Senate negotiations
The Senate voted 33-15 Tuesday to advance the package, sending it to a conference committee of House and Senate members.
Subaru continues Lafayette factory plans with far fewer jobs
Subaru is moving ahead with its plans for spending more than $400 million to expand and upgrade its Lafayette factory while significantly scaling back the expectations for new jobs.
Noblesville OKs tax break for iron castings plant
Three time-worn buildings on the old Noblesville Foundry property are set to come down this spring to make way for a 260,000-square-foot factory employing 50.
Indiana lawmakers draw close on business tax deal
The House Ways and Means Committee and the Senate Tax and Fiscal Policy advanced two separate measures Tuesday that would cut the state's corporate income tax and the state's business equipment tax in certain cases.
New owner to spend $51M firing up Noblesville foundry site
ID Castings LLC plans to resurrect the property on South Eighth Street, an eyesore that has been underused for years. The company is asking the city for a $1.3 million tax break.
Indiana lawmakers draw close on business tax deal
A pair of legislative panels approved changes Tuesday for competing House and Senate tax measures that would cut taxes on business equipment and corporate earnings.
Mayor wants to lure high-earners to boost income-tax base
Mayor Greg Ballard’s chief deputy has spent the past six months telling community and business leaders that the city simply cannot cut its way out of its revenue problems; it also needs to attract more people to live within city boundaries so they will pay their income tax to Indianapolis.
Fishers’ mayoral candidates disagree on best growth strategy
The six Republicans vying to be Fishers’ first mayor fall into two camps on the key issue of growth: those who support recent efforts to spur business activity downtown, and those who advocate a more hands-off approach.
Dunham’s $30M expansion in Marion to create 135 jobs
The sporting good retailer, which has more than 200 stores in 17 states, will consolidate distribution into a new, 735,000-square-foot building.
Manufacturer plans expansions at two Indiana plants
Shiloh Die Cast Midwest LLC plans to expand two of its plants in northeast Indiana, leading to 145 new jobs by 2018, the company announced Monday night.
Experts see limits to state’s low-tax strategy
Thanks to a concerted effort to lower taxes and government spending, Indiana ousted Texas this year in the Tax Foundation’s annual ranking of business tax climates. Indiana now holds the No. 10 spot and could rise higher by eliminating the business personal property tax, an equipment tax that experts say deters investment.
Weaver Popcorn picks Whitestown for new HQ, production line
The firm plans to move its headquarters from Noblesville to the AllPoints at Anson development in Whitestown, where it expects to spend $18 million to add a production line and 40 jobs.
Auto supplier plans 220-worker plant in Indiana
Switzerland-based Autoneum Holding AG said it will lease 300,000 square feet on a 23-acre site at the River Ridge Commerce Center in Jeffersonville.
Project updates: Fishers mixed use, Carmel hotel and Zionsville’s new HQ
Elected officials north of 96th Street advanced a bevy of public-private projects Monday during what I like to call their monthly meetingpalooza. Here’s a rundown on where things stand: