Locally based Fusion Alliance said today it plans to spend more than $2 million to expand its headquarters and add at least 110 jobs by 2010. Fusion Alliance employs 190 in Indianapolis and 30 in Cincinnati. It expects to begin hiring consultants, application developers, Web designers, business analysts and project managers this year, with most of […]
How did it all seem so simple back in September? The reality of reform is sinking in for lawmakers and interest groups. Hoosiers who demanded serious property tax reform in November-and expected their wishes to be fulfilled-now see indications that the road to reform may be bumpier than foreseen. The property tax reform plan detailed in late October by Gov. Mitch Daniels was initially largely well-received by voters and lawmakers, but after it rattled around for a while and the…
Many called it “the perfect storm.” But in retrospect, the dark clouds of Indiana’s 2007 property tax crisis had been forming
for years. Legislators caught wind early that something was amiss and spent all spring preparing to weather the impact.
Software developer LHP Inc. today said it plans to invest $1 million and add 320 workers by 2011 at its Columbus, Ind., headquarters. LHP, which employs 130 in Columbus, does work for the military, automotive and medical industries globally. LHP will begin hiring technology specialists, engineers and administrative workers next year. The company will receive […]
Medco Health Solutions Inc. said this morning that it will build its $140-million pharmacy distribution center at AllPoints at Anson in Boone County. The Franklin Lakes, N.J.-based company announced Nov. 12 that it would locate the center in the Indianapolis area, but that it still hadn’t chosen among Boone, Johnson or Hendricks counties. AllPoints at […]
State Sen. Luke Kenley, the Noblesville Republican who this summer chaired a legislative committee to study the property tax issue, wants tighter controls on tax increment financing districts and property tax abatements, reports The Times in Munster. For years, the incentives have been offered to entice businesses to relocate to or expand in Indiana. Critics […]
A locally based data storage company has agreed to buy the former Eastgate Consumer Mall on the far east side and plans to invest $23 million to turn the 370,000-square-foot building into a high-tech data hub. This morning, executives with Lifeline Data Centers LLC joined Mayor Bart Peterson to announce the deal, which was first […]
The massive new AllPoints Midwest industrial park in Plainfield has landed its first tenant in a mega deal that likely will
be the area’s biggest industrial lease in 2007. Local logistics firm Prime Distribution Services Inc. has signed a lease for
1.2 million square feet in the 920-acre park, a joint venture between Indianapolis-based Duke Realty Corp. and Browning Investments
Inc.
Cspine Inc., a startup orthopedic and dental device maker based in Plymouth, plans to launch research and development and prototype manufacturing operations in the northern Indiana town, the Indiana Economic Development Corp. said today. The move is expected to create as many as 49 jobs over the next five years. Cspine will spend about $3 […]
With new mayors and council members in many of our cities, it’s time to drag out some previous suggestions for fiscal reform. First, it’s time to reconsider propertytax abatement. But we can’t understand property taxes and their abatement if we don’t understand assessment practices. And, it is not clear what is happening these days with property assessment. For example, does a property’s assessed value change automatically when it is sold, or does it change only in line with the trend…
Subaru of Indiana Automotive Inc. is a step closer to getting tax abatements on $105 million in proposed investments in its Lafayette plant. The city’s redevelopment commission unanimously approved the incentives last night, but they still must be OK’d by the Lafayette City Council. It was not immediately known how much money the incentive package […]
The afternoon after Greg Ballard’s shocking victory at the polls, the mood was sober at Marion County Republican headquarters.
Jubilation had given way to reality. Although mayor-elect Ballard described himself “as tired as a guy could get,” he has
no time for a break. And what the former U.S. Marine Corps lieutenant colonel will do is largely a mystery.
A development team is finalizing plans for a $480 million mixed-use project that calls for condos, as many as three hotels, a theater and 175,000 square feet of retail space just south of downtown. The project, Legends District-SODO, could be one of the largest private developments in the city’s history. It would sprawl over 11 […]
Real estate developers today are trying to sort out the implications of a major upset in the mayor’s race. The mayor-elect, Republican Greg Ballard (pictured), didn’t reveal much about his philosophy on…
Connextions Inc. of Orlando, Fla., will locate a secure customer support center in Jeffersonville, creating 750 jobs, the Indiana Economic Development Corp. announced this afternoon. The $6 million project in the southern Indiana city will be similar to locations the company operates in Orlando and Concord, N.C. Connextions employs a total of 2,000. The company […]
The executive director of the Horizon Convention Center in downtown Muncie estimates the center has lost half a dozen conventions since the historic Roberts Hotel across the street closed a year ago. Joann McKinney said in The Star Press that the loss of the city’s last downtown hotel left convention-goers no place convenient to rest, […]
Arcadia Resources Inc. CEO Marvin Richardson, an Anderson native and Purdue University pharmacy graduate, said Indianapolis was chosen for the company’s new headquarters because the city’s central location will create an advantage when it launches a new drug-packaging system. The system, called DailyMed, will help patients manage their prescription pills. The company plans to open a distribution center for DailyMed in the near future that eventually could employ 300 or more. Arcadia will move from the Detroit suburb of Southfield….
Arcadia Resources Inc. CEO Marvin Richardson, an Anderson native and Purdue University pharmacy graduate, said Indianapolis was chosen as the company’s new headquarters because its central location will create an advantage when it launches a new drug-packaging system. The system, called DailyMed, will help patients manage their prescription pills. The company plans to open a […]
Premier Properties USA Inc. is preparing to go head-to-head with Simon Property Group Inc., the nation’s largest and most
powerful mall developer, across the street from Simon’s top-performing The Fashion Mall at Keystone. Premier is proposing
a 2.3-million-square-foot, $750 million development at 86th Street and Keystone Avenue called Venu.
Centrifuge maker Beckman Coulter Inc. expects to add about 120 jobs at a new facility on West 76th Street and has applied for tax abatements worth a total of about $644,000. The Fullerton, Calif.-based company announced in January that it planned to move its Palo Alto facility to Indianapolis to cut costs and improve staff […]
