Senators voted 49-1 Tuesday in favor of requiring the Indiana Economic Development Corp. to prepare an annual public report on tax incentives provided to businesses and the number of jobs created by their projects.
ExactTarget Inc. could get a 10-year tax break on an unspecified investment in new equipment if the City-County Council agrees to designate several parcels tied to the Indianapolis-based company as a "high technology district."
The Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to be in the top tier of U.S. racing venues, sports business experts said.
Elona Biotechnologies Inc., which has been struggling to repay Greenwood for more than $8 million in economic development incentives, says it has solution to its financial problems.
Indianapolis-based Hahn Systems LLC said it will add 20 jobs by 2016 as part of a $900,000 expansion that includes purchasing and equipping a 27,000-square-foot facility.
Accelerated Tanks and Trailers, a division of a Carmel-based company, plans to open a Fort Wayne manufacturing plant that could bring about 300 new jobs to northeast Indiana by 2016.
Indianapolis-based Pearl Pathways, founded by two former Eli Lilly employees, plans to move into new space in March and add the jobs by 2016.
Allegient LLC said it will add the jobs by 2017 and expand its Carmel headquarters by 4,000 square feet.
Greenwood-based Elona Biotechnologies Inc., which has been trying to bring a generic version of insulin to market, was declared in default on $8.4 million in incentives from the city of Greenwood.
The downtown brewery plans to spend $2.1 million on additional equipment and add 20 jobs by 2016 in exchange for a tax abatement from the city.
As the controversial provision spreads to other states in the region, Indiana is likely to give more weight to its other selling points.
Indianapolis-based trucking carrier Celadon Group Inc. plans to build a $5.25 million driver-training center and add 182 workers to its 633-employee local work force by 2016.
As Gov. Mitch Daniels leaves office in January, there is debate about whether his policies of keeping taxes and spending low, while pursuing alternative strategies to improve roads and schools, have been the best way to help Indiana attract and create more high-wage, knowledge-based jobs.
Sen. Mike Delph said he believes the economic development organization is intentionally misleading the public about the number of jobs that companies receiving incentives create.
Incoming Gov. Mike Pence says he'll conduct a thorough review of safety at Indiana schools in response to the Newtown school shootings last week. He also made a number of new appointments Wednesday.
Chrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that could add more than 400 jobs.
Tipton officials approved a 10-year tax abatement worth $2.5 million to help the company launch production in a nearly 800,000-square-foot plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.
Chrysler Group LLC is seeking tax incentives for its transmission plant in Kokomo at the same time it's asking Tipton County officials for similar incentives on a vacant plant.
Indiana spent less per capita than most states on incentives aimed at adding jobs.
Three fast-growing Indianapolis technology companies—Angie’s List, ExactTarget and BidPal—plan to add up to 1,500 jobs collectively over the next half-decade, officials announced Tuesday morning.
