Engineered Innovation Group lands state tax incentives
The Indianapolis-based software development firm had one employee when it launched in December 2021. The company now has 26 employees—and big ambitions for continued growth.
Economic Development Incentives
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What happened to Infosys’ big plans for Indianapolis?
The India-based tech giant broke ground 4-1/2 years ago on what it said would eventually be a $245 million, 141-acre campus. Today, Infosys appears far from achieving that vision—and it’s unclear when, or if, it ever will.
4 years into incentives plan for developers, community-building programs emerging
Indianapolis developers receiving tax abatements have committed to providing nearly $5 million to help struggling middle- and low-income families gain access to economic opportunities and become more upwardly mobile.
Indianapolis ed-tech firm secures $1.45M in state incentives
Ellipsis Education, which formerly operated as Codelicious and currently has 30 employees, plans to hire another 91 people over the next few years. The company, which offers computer science curricula for schools, says school districts’ growing interest in computer classes is fueling its growth.
IT outsourcing firm plans to hire 450 for new Indianapolis office
Tek Experts, which has more than 6,000 employees worldwide, just opened an office in Indianapolis. The company has received an offer of up to $2 million in state tax incentives based on its ambitious growth plans.
Tech consultant eImagine nabs state incentives to hire more Hoosiers
The Indianapolis-based firm has already made progress on its goal of hiring 113 additional Hoosiers by the end of 2026.
Partner in planned Indianapolis battery plant facing financial distress
In June, Slovakian startup InoBat announced it was partnering with New York City-based Ideanomics to build the research, development and manufacturing facility. But Ideanomics now says it’s not sure it will be in business in a year.
Indiana-based Oliver Winery planning $12.6M expansion
The winery said new products such as the Melon Mint Moscato, along with its mainstays like Oliver Sweet Red, have fueled the company’s continued growth.
Chicago startup lands $3.8M in incentives to move to Indiana
Socian has developed a drone that can help gather information from the scene before police arrive. The founder says he was convinced to move to Indiana after having a good experience at an Indianapolis business accelerator program.
War of the states: EV, chip makers lavished with subsidies
Good Jobs First, a not-for-profit that tracks and is critical of corporate subsidies, said 2022 set a record for the number of billion-dollar-plus incentive deals.
Noblesville approves $9.5M bond, tax breaks for Bastian Solutions HQ
The company plans to create 250 jobs over the next five years in Noblesville with an average salary of $67,000 and retain and relocate 400 employees to the new corporate campus.
Pet food maker announces $200M expansion in Indiana
Pet food manufacturer Blue Buffalo Co. Ltd. plans a 169,000-square-foot addition to boost processing operations and warehouse capacity. As part of the expansion, the company plans to add up to 60 jobs by the end of 2024.
Democrats seek tighter limit on stock buybacks in chip subsidies
The members of Congress want companies that accept money authorized by the Chips and Science Act to be restricted from engaging in stock buybacks for at least 10 years.
Optometry business plans new office, more staff in Greenwood
The Greenwood Common Council this week voted unanimously to approve the creation of an economic revitalization area and provide a real property tax abatement for VisionQuest Eyecare.
MakeMyMove secures $2M investment for remote-worker incentives marketplace
MakeMyMove recently closed on a $2 million investment from angel investors. The company, founded by Angie’s List cofounder Bill Oesterle and former Angie’s list exec Evan Hock, offers a marketplace where remote workers can browse relocation incentives from communities around the U.S.
Supplier plans $75M Kokomo facility to aid EV battery makers
Soulbrain MI, a subsidiary of South Korea-based Soulbrain Holdings, announced Tuesday it will hire 75 employees for the 30,000-square-foot manufacturing facility in Kokomo.
Noblesville City Council approves incentives for $30M SMC expansion plan
SMC Corp. of America plans to expand its total workforce in Noblesville to 1,157 by 2032.
Manufacturer seeking incentives for $30M expansion, 288 jobs in Noblesville
SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.
California biotech to invest $45M in Indy, hire 64 people
RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest in improvements and equipment in a former warehouse for e-commerce giant Amazon.com Inc.
Ohio offers $156M in incentives for Honda battery plant
Honda had also considered Indiana for the $3.5 billion plant, which is expected to employ 2,200 people when completed.