State economic development agency names innovation chief
Ian Steff will be responsible for overseeing IEDC strategies as part of Gov. Mike Pence’s $1 billion initiative to advance innovation and entrepreneurship in the state.
Economic Development Agencies
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Salesforce poised to receive city tax break on tower expansion
Salesforce would save about $3 million on the tax exemption, if the City-County Council designates a downtown office tower as a high-tech. The tax break would come on top of major incentives deal already promised by the state.
Mobi Wireless considers 500-employee expansion at Zionsville HQ
Mobi Wireless Management LLC, which sells cloud-based software that helps companies manage mobile devices, currently has about 310 employees at 6100 W. 96th St. in Northwest Tech Park.
County council to decide fate of EnerDel tax break
Hancock County officials are set to terminate a tax incentive agreement with EnerDel Inc., the once-heralded battery maker with big plans that since has vacated its facility in the county.
Canadian bakery makes Brownsburg its U.S. headquarters
Weston Foods is investing $1.6 million to renovate its 20,000-square-foot production facility in Brownsburg for its subsidiary Maplehurst Bakeries LLC. It plans to add 15 jobs.
Software firm plans 272-job expansion under new name
Indianapolis-based software firm TinderBox Inc. has changed its name and is planning a downtown expansion that could create up to 272 jobs by the end of 2021, it announced Monday morning.
Manufacturer plans $97M expansion, 150 jobs in Shelbyville
Ryobi Die Casting USA said it plans to grow its operations with the acquisition of a 350,000-square-foot building. The company already has 860 employees in Shelbyville.
SteadyServ relocating headquarters from Carmel to Fishers
The beer management software firm said it would be relocating its offices to the new Four Day Ray Brewing facility on the corner of Lantern Road and North Street. It intends to double its local employment to more than 80 over the next two years.
Toyota parts supplier adding 160 jobs in expansion
Toyota Boshoku Indiana LLC has launched a $10.6 million expansion of its plant in Princeton.
Pair of software firms plan to add a combined 160 jobs
The legal-technology startup PactSafe plans to create 91 jobs by 2020, and the software developer WDD Software plans to create 69 jobs by 2021.
Indiana offers support to U.K.-based companies amid Brexit concerns
Indiana commerce officials are showing support for companies based in the United Kingdom as they face financial and political uncertainty after Brexit—the country’s vote to leave the European Union.
Local technology firms plan expansions, 77 new jobs
Two local technology firms are making plans to expand their operations in Indianapolis, adding a total of up to 77 employees over the next four to five years, the companies announced Wednesday morning.
Sallie Mae lands $2.4M in tax incentives for local expansion
As IBJ first reported Thursday morning, Newark, Delaware-based Sallie Mae plans to spend $15.7 million on the new office at 8425 Woodfield Crossing in northeast Indianapolis and add 278 workers to its existing staff.
Sallie Mae planning hundreds of jobs at new Indy office
Student loan provider Sallie Mae Bank is expected to announce plans Thursday morning to spend nearly $16 million on a collections office and call center that will hire up to 278 people before the end of 2023.
Software company Emarsys speeding up hiring plans
The marketing-software firm originally planned to employ 167 employees by the end of 2020. But it’s accelerating those plans and expects to be halfway to that goal by the end of this year.
Ball State study: State too focused on landing ‘footloose’ jobs
Indiana and the nation need to rethink their economic development strategies, which are excessively focused on trying to land large factories—an increasingly difficult task, the report found.
Japanese manufacturer plans $50M plant, 70 jobs in Indiana
Japan’s largest steel producer announced plans Tuesday to open a subsidiary in Shelbyville in a plant that is expected to be fully operational by spring 2018.
Digital marketing startup Torchlite plans to add 140 workers
The Indianapolis-based firm, which connects client companies to freelancers, inked an incentive deal with the Indiana Economic Development Corp. that will provide up to $2.8 million in tax credits.
Michigan company to expand in Indiana, hire up to 147
Spartan Fleet Vehicles and Services announced the plans Tuesday to invest $10.9 million to increase production of walk-in vans, parcel delivery vans, truck bodies and other items.
States, cities dishing out fewer tax breaks to companies
The drop comes in the face of a tough new accounting rule that will force governments to release more information about the deals and a presidential campaign that has both sides criticizing “crony capitalism.”