$20M in state incentives targeted to help airport lure international flights
An ongoing effort to attract nonstop flights between Indianapolis and places like Asia, Mexico and Europe is in line for a big boost.
Economic Development Incentives
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Italian filter maker to establish operations in central Indiana
The office of Indiana Gov. Eric Holcomb announced the plans Thursday in Milan during the governor's three-day economic development trip to Italy.
Illinois company plans $26M Indiana plant, 580 jobs
Elk Grove, Illinois-based Wynright Corp. announced plans Tuesday for the 320,000-square-foot plant on 44 acres that will make material handling systems for the logistics industry.
Greenwood approves incentives for potential $80M Amazon project
The mysterious company that is considering building an $80 million distribution facility in Greenwood and creating 1,250 full-time jobs was revealed Monday night during a city council meeting.
Posh Intercontinental Hotel part of $141M redevelopment plan for two downtown buildings
Keystone Realty Group is in line to receive financing help from the city for an ambitious plan that would overhaul two nearly vacant office properties near Monument Circle and bring a prestigious Intercontinental Hotel to Indianapolis.
Amazon facing growing backlash for seeking big tax breaks in exchange for HQ2
As the world’s second-most-valuable public company weighs tax breaks and other goodies offered by 20 eager suitors, it stands accused of being a corporate welfare leech that should be giving the government and workers more rather than milking taxpayers.
Salesforce proposing massive expansion in Chicago, 5,000 jobs
Software giant Salesforce.com Inc., which in 2016 announced big plans to expand its operations in Indianapolis, appears to have even bigger plans for Chicago.
Marketing-tech firm Cheetah plans to triple Indianapolis employment, invest $2M downtown
The company employs numerous alums of ExactTarget, the Indianapolis-based marketing-tech firm acquired by Salesforce.com for $2.5 billion in 2013.
IBJ EXCLUSIVE: Emails reveal plans, intense ‘war room’ effort to lure Amazon’s HQ2
Records provided to IBJ give behind-the-scenes insight into the all-hands-on-deck effort to attract the $5 billion project to Indianapolis, including setting up secret meetings, weighing several possible sites, and discussing “creative” incentives such as building a charter school on the prospective campus.
Frito-Lay plans $159M snack-food expansion in Indiana
The nation’s largest snack food company is adding two production lines and about 50 employees to its already-sizable operations about 45 miles northwest of Indianapolis.
Australian sales intelligence firm opens Indianapolis office
SalesPond has opened a downtown office where it plans to employ more than three dozen people by the end of 2023.
High-end tool maker expanding again in Lebanon, adding 65 jobs
Headquartered in Lebanon, Festool USA plans to add 80,000 square feet to its existing facility and has received tax incentives for the project from both the city and state.
Financial firm moves HQ to Indianapolis, plans to add 225 employees
A national credit-reporting and mortgage-data company founded in San Diego plans to spend nearly $3.6 million to establish its headquarters and operations center downtown in the Landmark Center.
Fishers health-care talent agency planning to add 25 jobs
The company could receive up to $1.025 million in state tax credits as part of its expansion plans, which include adding 2,000 square feet to its Fishers office.
IBJ PODCAST: All you need to know about Indy’s bid for Amazon’s HQ2
With central Indiana on the short list for Amazon’s $5 billion secondary headquarters project, IBJ’s reporters for technology, real estate and economic development join forces to discuss what the internet giant wants and whether the Indy area measures up.
Custom parts maker buying Park 100 building, adding employees
The four-year-old company that specializes in motorsports, defense and consumer products is moving from Pittsboro.
Distilling company plans $66M bottling plant in Indiana
The project from Louisiana-based Sazerac Co. is expected to create up to 110 jobs by 2021.
Electric car maker targets Indiana for $160M plant, 467 jobs
SF Motors Inc., a Silicon Valley-based electric vehicle developer and manufacturer, said it could hire as many as 200 workers at the Indiana plant by the end of the year.
LISC facade grants aim to boost small businesses through beautification efforts
The program has awarded more than $3.1 million to Marion County businesses since 2004—which has leveraged more than $10.6 million in property owners’ investment.
Council panel advances $2.9M in financing for new Duke Realty headquarters
An Indianapolis City-County Council panel on Monday night unanimously advanced proposals that would help Duke Realty Corp. move its headquarters from Carmel to a new $28 million office building it would build in Indianapolis.