Trump push for U.S. jobs could spur boom in ‘corporate welfare’
Some analysts foresee a rush of new state-level subsidies and tax breaks as governors compete for any new facilities built by companies suddenly flush with newfound tax savings.
Economic Development Incentives
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Could central Indiana be candidate for Amazon’s proposed second North American HQ?
State economic development officials won’t comment on whether they plan to submit a proposal for the $5 billion development, but a local site-selection expert said pursuing Amazon is “too good of an opportunity” for the state to pass up.
Indianapolis airport hopes to see cargo boost from new Paris flights
The Paris flights, announced Wednesday, may lessen the urgency local officials feel to attract a direct flight from Indianapolis to London. Delta Air Lines stands to land $5.5 million in incentives if it can keep the flights filled.
Indianapolis lands first nonstop transatlantic flights
The state’s first-ever nonstop transatlantic air service—provided by Delta Air Lines from Indianapolis International Airport—will begin in the spring, airport officials announced Wednesday afternoon. The state is kicking in up to $5.5 million to land the flights.
Amazon’s impact, influence grows in central Indiana
Seattle-based Amazon employs more than 9,000 full-time workers at its five Indiana fulfillment centers, four of which are in central Indiana—with plans to add more positions.
Farm equipment maker calls off $12.5M Shelbyville project
Krone North America Inc. has canceled plans to move its headquarters from Tennessee to Shelby County, where it had been planning to hire 101 people.
Allegiant to open $40M aircraft base at Indianapolis International
The Las Vegas-based airline said the Indianapolis base will create 66 high-paying jobs and allow the company to offer more routes from Indianapolis in the future.
Developer of $37M downtown apartment project seeks new construction schedule
Investment Property Advisors needs the adjustment to still qualify for a property-tax abatement tied to a second phase to its 9 on Canal apartment project.
Indiana, other states vie for big Foxconn display panel factory
Taiwanese electronics maker Foxconn’s plan to build a display panel factory in the United States has sparked a flurry of lobbying by states vying to land what some economic development officials say is a once-in-a-generation prize.
Wisconsin senator claims deal is near in Foxconn hunt
Wisconsin and Indiana are among states vying for iPhone maker Foxconn as it considers building a $7 billion display panel manufacturing plant that could employ up to 10,000 people.
Indianapolis-based grading-software startup plans to add 102 workers by 2021
Mimir Corp., which relocated its headquarters from West Lafayette to downtown Indianapolis last month, sells software that automates computer science grading and checks for plagiarism. It’s used by more than 80 universities worldwide.
Dermatology practice planning $7.2M Castleton headquarters
Dawes Fretzin Dermatology Group LLC has received preliminary approval for tax breaks from the city of Indianapolis to help it pay for a 30,000-square-foot free-standing facility near the Lowe’s Home Improvement store in Castleton.
Lebanon OKs incentives for massive distribution center
The Lebanon City Council on Monday night unanimously approved more than $2 million in tax incentives to lure a fast-growing logistics company that has proposed opening a major distribution center that would employ nearly 1,200 people.
Pharmakon collected $560K in incentives before ceasing operations
Noblesville-based Pharmakon had a history of making state and local incentive agreements before suspending operations last year after a Food and Drug Administration investigation uncovered safety issues and possible criminal activity.
City to consider $15.2M in bonds for downtown projects
The bonds would help finance development of a hotel complex on the site of Indianapolis’ oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
Monsanto planning $29M seed facility in Greenwood
The company said it plans to lease a new 140,000-square-foot building in Southtech Business Park where it will process, package and distribute corn, soybean and cotton seed for field testing.
Subaru supplier adding more than 100 Boone County jobs as part of $57M expansion
A joint venture of two Japanese companies that makes steel frames and other parts, primarily for Subaru, said it will double the size of its Jamestown plant to 250,000 square feet.
Knowledge Services plans $17M Fishers HQ, 400 additional jobs
The company, now headquartered in Castleton, plans to build an 80,000-square-foot office building on USA Parkway, to the north of 106th Street, along the busy Interstate 69 corridor, it announced Tuesday afternoon.
Indiana governor plans economic development trip to Europe
The governor's office announced Friday that the visit to Hungary will include meetings with government officials and business executives in Budapest.
Tech consulting firm Galvin plans to add 37 jobs
The company, founded in 2004, focused on developing websites before remaking itself last year into a Salesforce integrator, helping clients improve sales, operations, customer service and marketing by using the San Francisco-based tech giant's platform.