Automated systems provider expands downtown
Open Control Systems LLC is investing $1.6 million to renovate, equip and lease 14,000 square feet of space over two buildings at 905 N. Capitol Ave.
Economic Development Incentives
Articles
Fishers seeks to cancel tax break for failed Deca Financial
The town of Fishers is taking steps to officially terminate a three-year property tax abatement offered to a debt-collection company that is winding down operations.
Tower manufacturer plans 639 jobs in Indiana expansion
Nello Corp. Inc., a designer and manufacturer of galvanized steel towers and poles for the wireless industry, plans to move its Fort Worth, Texas, operations to Indiana, the state announced Thursday morning.
Indiana manufacturer plans $7M expansion
Yorktown-based Mursix Corp. on Thursday announced plans for a headquarters expansion that’s expected to create 108 jobs by 2017.
Interactive Intelligence plans $28M building, 430 hires
Local software firm Interactive Intelligence Group Inc. announced Thursday afternoon that it plans to hire 430 employees by the end of 2016 as part of a major expansion of its headquarters.
Jasper engine firm to hire 235 for new plant
Jasper Engine & Transmission Exchange expects to buy, renovate and equip a 220,000-square-foot facility near its headquarters in the southwest Indiana city.
Japanese manufacturer plans 220 jobs in Mooresville
A subsidiary of TOA Industries Co. Ltd. plans to spend $72.1 million to construct and equip an additional 360,000 square feet of manufacturing and warehouse space at its existing facility in Morgan County.
Pork packer planning to produce 98 positions at Indiana plant
Indiana Packers Corp., which makes Indiana Kitchen bacon, said it will spend $2.3 million on a 56,500-square-foot facility on 5.9 acres about 45 miles from Indianapolis.
German companies pledge to create Indiana jobs
Coinciding with Gov. Mike Pence’s economic development trip to Germany this week, three German companies agreed to hire more than 100 workers in Indiana.
Cabinet maker plans to hire 262 workers
Jasper-based MasterBrand Cabinets Inc. expects to boost the work force and capacity at its Ferdinand operations, which already employ 1,500.
San Francisco route off to flying start
Indianapolis business travelers pay a premium to shave a few hours and a lot of hassle off their trips to Silicon Valley, and they appear eager to do so. A new nonstop route between Indianapolis International Airport and San Francisco was about three-quarters sold in January and February, the two slowest months for air travel.
IEDC urging government bets on spec-building
The Indiana Economic Development Corp. is encouraging local governments to help finance speculative industrial buildings, which could land new businesses but could put at risk hundreds of thousands in taxpayer dollars.
Ulta targets Greenwood for $51M distribution center, 537 jobs
Beauty products maker Ulta Inc. plans to open a fulfillment and distribution center in Greenwood that will employ as many as 537 people by 2018, the Bolingbrook, Ill.-based company announced Thursday afternoon.
State to work with Pew on economic development
The Pew Charitable Trusts has named Indiana one of seven states to participate in its 18-month initiative to discover effective business practices for economic development and remaining transparent to the public.
Indiana found most transparent in study of state data access
California, the U.S. state with the largest population and budget, offers the least website access to its government spending data, according to a new study. Indiana provided the most information.
Low-profile, high-volume graphics business growing in Fortville
PlaqueMaker.com plans to invest as much as $3 million to expand its Fortville operations, building and equipping a 42,000-square-foot facility and nearly doubling its staff by the end of 2018.
Abandoned Indiana factory site could lure Illinois company
Harvey, Ill.-based steel processor LB Steel is looking to move to the site and employ about 400 to 450 workers.
Beck’s plans $60M expansion, 100 more workers
Indiana-based Beck’s, the country’s largest family-owned seed company, said the expansion will include research labs, greenhouses, office space, and seed-processing facilities and equipment.
Beck’s Hybrids planning to expand headquarters operation
The growing family-owned seed company had been working with Hamilton County officials on incentives. An economic development announcement with state officials is planned for Wednesday morning.
Once-promising bioplastics maker fizzles out
A company that once planned to make Indiana home to the largest bioplastics manufacturing facility in the world is going out of business.