Articles

Council delays decision on fate of Fishers tax

Fishers’ Town Council postponed a decision on a proposed 1-percent food-and-beverage tax Monday night, tabling the measure without comment rather than carry out an expected vote. It also OK’d an incentive deal for construction firm Meyer Najem.

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Manufacturer seeks tax break, plans to add 100 jobs

Applied Composites Engineering Inc., an Indianapolis-based designer and manufacturer of products for the aerospace industry and military applications, is planning to spend $2.5 million on equipment that would help it double its work force over the next six years.

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Newegg lands incentives from state for distribution center

Online electronics retailer Newegg Inc., which reached an inducement deal with the city in September to open a distribution center in Indianapolis, has landed even more incentives from the state, the Indiana Economic Development Corp. announced Wednesday.

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Auction lands $2.1 million for Elona Biotech assets

Elona went into receivership in June after Greenwood officials filed a foreclosure lawsuit against the firm. The company failed after receiving more than $8 million in economic development incentives from the city over the past three years.

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