City cracking down on noncompliant tax breaks
The city of Indianapolis is seeking to overturn property tax breaks for more than 20 companies that continued to apply for abatement even though they were unable to meet job commitments.
The city of Indianapolis is seeking to overturn property tax breaks for more than 20 companies that continued to apply for abatement even though they were unable to meet job commitments.
Canadian National Railway Co. on Wednesday announced plans to relocate part of its operations from Markham, Ill., to northwest Indiana.
Navistar International Corp. announced plans Tuesday to create up to 400 factory jobs in northern Indiana while eliminating 250 manufacturing positions in the eastern part of the state.
Indianapolis-based DGP Intelsius LLC, a manufacturer and distributor of temperature-controlled packaging, announced on Tuesday morning that it plans to add 80 jobs by 2014 as part of an $870,000 expansion.
The city is considering ways to channel money captured for economic development in some of its 22 tax-increment-financing districts to units such as libraries and city-county government.
Knowledge Services, an Indianapolis-based information technology firm, plans to lease additional office space on the city’s north-east side to make way for 200 more workers by 2015.
Communities across the state are trying to decide how they will use a new law that provides them more flexibility to employ economic development incentives but could increase pressure to give companies more tax breaks.
The company, which had planned to close its Brookville Road plant, now is set to create 250 new jobs by investing $19 million in new equipment. It previously received $18 million in tax breaks and repaid $5 million to the city.
A company that reconditions hospital beds plans to expand its operations in southeastern Indiana and potentially add 55 jobs in the next couple of years.
St. Regis USA Inc., a manufacturer of hand-etched and hand-painted glass and crystal products, plans to expand its operations in Indianapolis, creating up to 41 new jobs by 2014, the company said Thursday.
The city plans to tap a taxing district downtown to help pay for the Bush Stadium renovation, rekindling concern among some elected officials and taxing experts that the Mayor’s Office is using the massive district to fund whatever special city needs crop up.
Medical imaging equipment maker Positron Corp. has agreed to move its operations to Noblesville, where it plans to invest $55 million to open a high-tech facility that will make isotopes used in cardiac PET scans.
Equipment Technologies, a manufacturer of agricultural spraying equipment, plans to invest nearly $6.4 million in an expansion of its Mooresville operations, more than doubling its work force by 2015.
American College of Education, once affiliated with DePaul University, is moving its main campus from Chicago to Indianapolis and expects to create up to 40 jobs by 2014. Hiring will begin once the move is complete in August.
Indianapolis-based StreetLinks Lender Solutions plans to expand its operations, adding 150 employees by 2013, the real estate appraisal management services provider announced Friday morning.
Indianapolis-based Slingshot SEO Inc., founded by three friends from Zionsville High School, plans to expand operations in Indianapolis, adding 114 more employees by 2013, economic development executives announced Friday morning.
Indianapolis-based Medivative Technologies plans to build a 9,000-square-foot addition to its east-side facility and spend $2.5 million to equip it. The expansion should create 15 jobs.
The newest tenant in Lebanon Business Park will occupy 214,000 square feet and make a $20 million investment to build out the space and install equipment.
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.
A company that will soon become Shelbyville’s newest corporate resident has a nifty, high-tech idea to help schools, leagues and sports associations connect with sports referees and officials.