Incentive for film production breaks losing streak in Indiana Legislature
Filmmaker Angelo Pizzo, Rep. Bob Morris and lobbyist Tony Samuel explain how an underdog proposal to attract movie business became a new law.
Economic Development Incentives
Articles
New legislation adds incentives for Indiana film, media productions
Eligible productions could include film, television, music or digital media. State Rep. Bob Morris (R-Fort Wayne) said the legislation could make Indiana a leading state for film and media production.
Indiana lawmakers give final OK to economic development updates
The measure heads to Gov. Eric Holcomb, who made modernizing the state’s economic development toolkit a top legislative priority and is expected to sign the bill into law in an effort to help the state be more nimble when recruiting new business.
King Cole hotel development could get $8M in city incentives
City officials plan to create an economic development area in the coming months for the Motto-branded hotel, which is being developed in the the historic King Cole building by Chicago-based Gettys Group for about $48.5 million.
Indiana House gives local officials more control in economic development bill
House Ways and Means Chairman Tim Brown, R-Crawfordsville, said the reworked Senate Bill 361 now does a lot more to ensure the involvement of local stakeholders in decisions made by the Indiana Economic Development Corp.
Whiteland approves tax break for spec warehouse near Interstate 65
Cincinnati-based Uptown Commercial Partners plans to invest nearly $29 million to build the facility on a 40-acre site just east of the Graham and Whiteland roads intersection, and west of Interstate 65.
City weighing nearly $25M in TIF bonds for Stutz renovation, 16 Tech apartments
The City-County Council on Monday saw the introduction of proposals to award developer-backed tax-increment financing bonds for a $60.8 million apartment development at the 16 Tech Innovation District, along with the $53 million redevelopment of the historic Stutz Motor Car Co. factory.
Educated workforce, clean energy, hefty incentives keys to megadeals
Despite Indiana’s economic development successes, industry experts say the state must do more to attract multibillion-dollar megadeals like ones other states have recently landed.
‘Innovation districts’ could attract high-tech projects
Senate Bill 361 would make it possible for the Indiana Economic Development Corp. to create districts across the state to capture sites for large-scale economic development projects.
As demand to snag remote workers rises, Indy-based MakeMyMove fetches $2.6M
MakeMyMove, which launched about a year ago, will use the investment to scale up and hire several new employees, particularly in the areas of engineering, product development and sales.
Bill would give Beech Grove, Lawrence, Southport and Speedway more say in development
Sen. R. Michael Young, R-Indianapolis, is pushing a bill that would require the Metropolitan Development Commission to notify Marion County’s independent cities and towns before it considers tax abatements for development projects in each city.
GM to spend nearly $7B on EV, battery plants in Michigan
The state’s economic development board on Tuesday approved $824 million in incentives and assistance for Detroit-based General Motors.
California-based crypto startup to open central Indiana office
Anchorage Digital, founded in 2017, plans to open a physical office in the Indianapolis area and hire another 10 people here by year’s end.
Indianapolis-based Chuqlab offers crime-fighting transcription tech
Founded in 2019, Chuqlab offers transcription technology for law enforcement agencies, prosecutors and operators of jails and prisons. The company recently received a state incentives offer based on its hiring plans.
Develop Indy deals led to 4,575 pledged jobs, $570M in investments, leaders say
Develop Indy, Indianapolis’ economic development agency, made incentive deals involving 71 business relocation or expansion projects during the first 11-plus months of the year, officials announced Tuesday.
Michigan House OKs incentives to land major business deals
While proponents did not specify pending deals for which Michigan is vying, several told the House Government Operations Committee that Michigan must stay competitive in the auto industry.
Allegion plans $13M expansion of Schlage operations, 325 new jobs
Allegion said the expansion will not only enhance manufacturing and engineering capabilities in the state, but also expand its information technology and innovation expertise.
Indiana city offering stand-in ‘grandparents’ to attract new workers
The relocation package also includes $5,000 in cash, invitations to home-cooked meals at neighbors’ homes, a one-year membership to the local coworking space and YMCA, free gift cards to the seasonal farmers market, and tickets to productions at the local playhouse.
Artificial intelligence consultant opens downtown office, plans to hire 38
Atrium is led by CEO Chris Heineken, the former chief operating officer of Indianapolis-based cloud consulting firm Appirio.
Stellantis to spend nearly $230M to build electric car transmissions in Kokomo
The Indiana Economic Development Corp. said it would offer Stellantis up to $19.5 million in conditional tax credits based on the company’s investment and its plan to retrain and retain 660 employees.