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Monarch Beverage plans move to new $73M facility on Indy’s east side

February 16, 2023 | Mickey Shuey

The company plans to retain 500 workers when its relocates from its existing distribution center on Pendleton Pike in Lawrence to the new facility under development in Indianapolis.

Developer seeks $10.7M tax break on $79M apartment project

February 14, 2023 | Mickey Shuey

A team of two local developers planning the 273-unit Hall Place apartment project at 1720 N. Illinois St. promises to bring dozens of low-rent apartment units to the neighborhood northeast of the expanded Indiana University Health campus.

Best Equipment Co. moving HQ from Lawrence to Noblesville

February 9, 2023 | Daniel Bradley

The company’s headquarters will be built on about 11.6 acres between the Nickel Plate Trail and State Road 37 at the northwest corner of East 141st Street and Herriman Boulevard.

Indiana residential property tax relief bill draws opposition from schools, local officials

February 3, 2023 | Casey Smith, Indiana Capital Chronicle

Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.

Indiana tax cap proposal would help homeowners but hurt schools, local government

January 27, 2023 | Casey Smith, Indiana Capital Chronicle

A new study projects homeowners’ bills payable this year could increase as much as 15%. That’s more than double what previous reports estimated for the upcoming bills.

Bastian Solutions to build $130M corporate HQ, manufacturing campus in Noblesville

January 24, 2023 | Daniel Bradley

The company plans to create 250 new jobs over the next five years in Noblesville and retain and relocate 400 employees to the 580,000-square-foot complex.

Motorsports team HMD converting former Marsh to new Brownsburg headquarters

January 17, 2023 | Mickey Shuey

Renovations to the building are already underway, with HMD expected to move into the facility sometime in the summer.

Optometry business plans new office, more staff in Greenwood

January 6, 2023 | IBJ Staff

The Greenwood Common Council this week voted unanimously to approve the creation of an economic revitalization area and provide a real property tax abatement for VisionQuest Eyecare.

Lawmakers cautiously eye property-tax relief with big bills on horizon

January 6, 2023 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

Indiana lawmakers are drawing up changes to the state’s property-tax system, with rising assessments last spring pointing toward potentially high bills this year. But their approach has been cautious.

Noblesville City Council approves incentives for $30M SMC expansion plan

December 6, 2022 | Daniel Bradley

SMC Corp. of America plans to expand its total workforce in Noblesville to 1,157 by 2032.

Nestle seeks tax break for $400M expansion in Anderson

December 6, 2022 | Wes Mills, Inside INdiana Business

The firm says the expansion likely will result in 68 new jobs at the beverage production facility along Interstate 69.

Manufacturer seeking incentives for $30M expansion, 288 jobs in Noblesville

December 6, 2022 | Daniel Bradley

SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.

Opioid settlement cash to be in local hands within a week

December 2, 2022 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

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.

California biotech to invest $45M in Indy, hire 64 people

October 31, 2022 | John Russell

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 seeking bids for parking lot north of Old City Hall

October 21, 2022 | Mickey Shuey

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.

Soybean processor Bunge plans $445 million expansion in Shelby County

October 7, 2022 | Peter Blanchard

A St. Louis-based grain and soybean manufacturer is planning to invest $445 million to expand its processing plant in Morristown.

Council pledges incentives for proposed $2.4B battery plant in New Carlisle

September 27, 2022 | Alex Brown, Inside INdiana Business

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.

Italian manufacturer expands plan for Fishers by $367M, 265 workers

September 14, 2022 | IBJ Staff

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.

Indiana plans 100 EV fast-charging stations on major roads

September 9, 2022 | Peter Blanchard

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.

Developer: Proposed Indy Eleven stadium won’t need more state support

September 2, 2022 | Mickey Shuey

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.

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