Construction tech-services firm expanding HQ, adding 56 workers
Indianapolis-based Earthwave Technologies Inc. is doubling the size of offices on the city’s northwest side.
Indianapolis-based Earthwave Technologies Inc. is doubling the size of offices on the city’s northwest side.
The House Ways and Means committee on Tuesday made big changes before unanimously passing Senate Bill 50.
The city’s Metropolitan Development Commission on Wednesday approved a personal property tax abatement to support CaptiveAire Systems Inc.’s expansion plan.
The Indianapolis-based firm, which connects high-growth tech ventures with resources that help them scale up, is expanding into four cities this year and dozens more by 2022.
The online grocery delivery service had pledged to invest $6.5 million in a distribution center on the city’s east side and expected to create 238 jobs by 2018.
Any tax-incentive package to lure Amazon’s HQ2 to Indiana could easily top half-a-billion dollars and climb to more than $1 billion.
The mayor also told IBJ that the city is “prepared to look at anything and everything” that would help it secure Amazon’s planned second U.S. headquarters—as long as any action is fiscally prudent.
Indiana House Speaker Brian Bosma said lawmakers could move an incentives bill “expeditiously” to attract Amazon’s proposed second headquarters, if necessary, but he wouldn’t be in favor of doing what Wisconsin did to lure Foxconn.
Blue Marble Cocktails and Spirits is spending more than $9 million to relocate its headquarters and establish manufacturing locally. It plans to create annual capacity to produce three million, 24-can cases of its cocktails, which range from Cinnamon Toast to Bloody Mary.
Founded in 2016, the Indianapolis-based company created an app that matches food-service establishments with professionals seeking work.
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.