Logistics firm on hiring spree settles into larger downtown digs
Direct Connect Logistix has left the Stutz building for more space in the Cosmopolitan on the Canal building as part of its plan to add as many as 90 workers by the end of 2020.
Direct Connect Logistix has left the Stutz building for more space in the Cosmopolitan on the Canal building as part of its plan to add as many as 90 workers by the end of 2020.
State Sen. John Ruckelshaus has introduced a bill that would provide a state tax credit to employers that give minimum-wage workers a pay raise after they complete a training program.
Growing architecture firm Guidon Design Inc. plans to occupy the currently vacant and dilapidated structure on North Pennsylvania Street and boost employment by nearly 50 percent.
Thyssenkrupp Steering will create 64 new jobs and plans to move existing positions from its operations in Indianapolis to the new location at Exit Five Parkway.
Much of the anticipated shortfall is due to a sharp decline in corporate income tax collections as businesses claim all the state tax credits they’re entitled to, rather than applying them in future years.
The developer-backed bonds will support a 87-unit, $18.9 million mixed-use apartment building that’s been in the works for about two years.
Moser Consulting Inc. plans to spend more than $1.5 million at its local headquarters to accommodate the expansion.
The 5-year-old company said it will spend about $2 million to improve its existing 10,000-square-foot downtown office.
The IEDC, which leads the state’s economic development efforts, said it secured 293 commitments in 2017 from companies around the world to locate or expand in Indiana.
The expansion is the second for the student loan giant in Indianapolis in less than two years.
A Bangalore-based engineering firm that announced plans in November to open a $10 million North American headquarters in Indiana has chosen Columbus for the facility, state officials announced Wednesday.
The 10-year tax abatement will apply to IT equipment of up to $400 million.
Both companies are expected to receive economic development incentives from the city of Zionsville and the state.
The industrial bakery is seeking local tax breaks in connection with the project, which is expected to create 118 jobs over the next three years.
The investment in new equipment would ramp up the speed of sorting and handling at the 2.4 million-square-foot hub, as well as create about 125 full-time jobs and 450 part-time positions.
A company founded a year ago by prominent local tech entrepreneur Don Brown expects to pay average salaries of $156,000 a year in new space at the IU Emerging Technology Center.
The announcement caps off what officials are calling a record year for economic development in the northern suburb—commitments for 2,185 new jobs and $64.5 million in capital investment.
As it adds the Ascent SUV to its roster, the Subaru of Indiana Automotive plant in Lafayette plans to boost its already enormous workforce by as many as 200 employees by the end of 2018.
The company said it will renovate and update equipment at its 10,000-square-foot facility at 9128 Technology Lane, west of the Interstate 69 and State Road 37 exit.
New Jersey-based U.S. Cold Storage plans to add 100,000 square feet to its existing 200,000-square-foot refrigerated warehouse and logistic-services facility.