Kentucky lawmakers OK incentives bill aimed at mega projects
Economic development projects topping $2 billion would be eligible for the incentives. Gov. Andy Beshear has said the state is pursuing at least five projects of that magnitude.
Economic Development Incentives
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Not-for-profit legal services collective considers $7M HQ project in Zionsville
If Allies Collective chooses Zionsville, and the commission enters into a project agreement, the headquarters could create as many as 150 jobs paying an average of $41 per hour over the next six years.
Indianapolis-based Calumet to invest $2.7M in recently-acquired wax maker
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.
Rolls-Royce celebrates completion of $600M in upgrades to local manufacturing campus
The $600 million project, announced in 2015, included upgrades to the facilities, machinery and manufacturing processes at Rolls-Royce’s Indianapolis operations. A pandemic-delayed celebration of the project is scheduled to take place Wednesday afternoon.
Incentives for multifamily project approved by council committee
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
Quantigen Biosciences plans Fishers expansion, 30 new jobs
Fishers-based Quantigen Biosciences is spending $2.5 million to redevelop 40,000 square feet of office space along Interstate 69 as its new specialty contract research laboratory.
Fishers Council OKs $21M incentive package for Stevanato’s planned $145M facility
The project agreement offers Italy-based Stevanato Group a 15-year tax abatement, a $2.4 million commercial property grant and nearly 36 acres the city plans to buy at 126th Street and Cumberland Road.
Korean auto supplier plans to expand local presence with Franklin facility
Daechang, which makes seating components for Kia, Hyundai and Subaru, established its North American headquarters in Indianapolis in 2017. The Franklin facility would be its second local site.
Maker of games, puzzles plans $11M expansion in Indiana
Ludo Fact USA LLC announced plans Tuesday to boost operations in Lafayette, adding up to 114 workers by the end of 2024.
Food-packaging manufacturer plans $380M plant, 345-plus jobs in Indiana
The company, which stands to receive more than $6 million in state and local incentives, said it could expand its investment in central Indiana to $490 million and its hiring plans to 425 by 2025.
Curium plans $10M investment, 34 new jobs in Noblesville radiopharmaceutical facility
Curium, a nuclear medicine company with global headquarters in London and Paris and its North American headquarters in St. Louis, took over the Noblesville facility when it acquired Zevacor Molecular in March 2020.
Apple plans $100M distribution center, 500 jobs near Indianapolis
The “state-of-the-art” distribution center in Hendricks County is expected to accelerate delivery times for Apple customers in Indiana and the rest of country.
Wisconsin’s new deal with Foxconn lowers tax breaks by billions
Foxconn originally proposed a 20 million-square-foot manufacturing campus that would have been the largest investment in U.S. history for a new location by a foreign-based company, but those plans have been downsized significantly.
Brian Schutt: Indiana should be best place in U.S. to start a business
As Gov. Eric Holcomb looks to fill the shoes of departing Secretary of Commerce Jim Schellinger, he can forge a path for the Indiana Economic Development Corp. that focuses on fostering an entrepreneurial ecosystem that makes Indiana the best place to start a business in America.
Jobvite moves HQ from California to Indianapolis, plans to add 200 employees
The recruiting technology company, which entered the local market with a single-employee office in 2014, began growing its Indianapolis operations after acquiring Canvas Talent Inc. in early 2019.
Alliance Recreational Vehicles to add 650 jobs in Elkhart
The company said it will invest $33 million to expand its bustling Elkhart campus, which opened in 2009. It is slated to receive up to $11 million in tax credits.
Music production bill a beat away from passing Indiana House
Indiana would join 32 other states, including bordering states like Illinois, Ohio and Kentucky, in having a music production incentive program if the bill passes.
Pharmacy-automation software firm planning to hire 420 in Indiana
The New York-based firm plans to lease 10,655 square feet on the 15th floor of the 8888 Keystone Crossing office building in Indianapolis for its local operations.
Zionsville data-analysis firm plans expansion, 37 new jobs
Vertex Intelligence has helped institutions like the U.S. Department of Defense and companies like medical device quality management software company Greenlight Guru design, build and ship artificial intelligence products.
Indiana lawmakers consider grant program to attract remote workers
House Bill 1416 would establish a remote worker grant program that would offer out-of-state individuals as much as $8,500 to relocate to Indiana.