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.
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.
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.
The Zionsville-based firm said it will spend $1.4 million to lease and equip a 16,626-square-foot headquarters facility at Northwest Technology Park to allow for the expansion.
The software developer moved across town to a new address in 2012, which nullified its agreement with the city—although it's still on track to meet its goals for new investment and hiring.
An independent review of Elevate Ventures found the state contractor needs more oversight even though it is "substantially compliant with its investment and operational requirements,” Indiana Gov. Mike Pence's office said Friday.
Tec Air Inc. plans to transfer its current workforce of about 150 employees to its new headquarters and hire about 100 more by 2016.
The Kaiser Family Foundation found that 182,000 residents fall into a health insurance coverage GAP, and a jobs study found almost half of Indiana’s fast food workers are also receiving public assistance.
Quebec-based Exo-s US says it will spend nearly $7 million on the factory in the LaGrange County town of Howe. It expects to open the factory next year and hire up to 250 workers by 2016.
The Indiana Economic Development Corp. announced two economic development deals Tuesday morning that will bring more than 200 jobs to Whitley County in northern Indiana.
Two high-potential companies will stay in Fishers thanks to a pair of economic development deals the Town Council signed off on Monday.
A cabinet company announced Friday that it will hire more than 300 people over five years at a vacant former auto parts plant in eastern Indiana.
Indiana-based manufacturer Calumet Pallet Co. plans to expand by spending $2.7 million to buy and equip a new facility in northern Indiana.
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.
An insurance brokerage will relocate its Fort Wayne headquarters to a new $71 million downtown mixed-use project and create 115 jobs by 2017, Mayor Tom Henry said Monday.
Incentive deals are on the table to keep two high-potential businesses in Fishers, and the town is poised to pull the trigger on redevelopment of the Fishers Train Station property—where one of the firms could occupy third-floor office space.
The Metropolitan Development Commission voted Wednesday to cancel a tax abatement for Indianapolis-based tech staffing firm BCForward, since it didn’t hit job-creation targets laid out in a 2009 economic development agreement.
Auto dealer Terry Lee wants to build a Hyundai dealership on eight acres of flood-prone property at a key intersection in Noblesville as part of a larger project. How will the city help?
The Indiana Economic Development Corp. said Tuesday that Pratt Industries will invest $260 million to build the recycling plant next to its existing box-making plant in Valparaiso.
Indianapolis-based technology staffing company BCForward won’t fight a Department of Metropolitan Development move to discontinue tax breaks for the firm’s Market Street headquarters.
