Republicans who control the Michigan Senate on Tuesday passed a $2.5 billion annual tax cut, voting to lower income and corporate rates while letting people claim a credit for their children and deduct more retirement income.
The maker of agricultural seeds, insecticides and herbicides had been based in Wilmington, Delaware, since its spinoff from parent DowDuPont in 2019.
One piece of an extensive piece of legislation to restructure the incentive toolkit of the Indiana Economic Development Corp. would create a statewide remote-worker grant program.
IBJ asked Secretary of Commerce Brad Chambers to explain how the Indiana Economic Development Corp. will implement his themes of Environment, Economy of the Future, Entrepreneurship, Energy and External Engagement.
The Legislature is considering a bill that could give tourism groups statewide another tool in trying to lure dozens of additional events every year.
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.
The state’s economic development board on Tuesday approved $824 million in incentives and assistance for Detroit-based General Motors.
The Intel project is the largest single private-sector investment in Ohio’s history, state officials said. The facility is expected to create 3,000 company jobs and 7,000 construction jobs, while supporting tens of thousands of additional jobs for suppliers and partners.
The Department of Metropolitan Development on Thursday released two requests for proposals covering the three structures to developers.
Thompson is the first African-American to lead the chamber board and is the CEO and chairman of four businesses, including Thompson Distribution and First Electric Supply.
The area includes four neighborhoods: Hillside, Martindale-Brightwood, Oakhill and Ralston-Hovey-Arsenal. Staff, community organizations and residents have been working on the housing district, the redevelopment zone and a plan for the area for two years.
Elanco Animal Health Inc. officials say they expect to break ground on the company’s new $100 million headquarters just west of downtown Indianapolis in early 2022 after fine-tuning plans for the project with city and state officials.
Seventeen regions representing all corners of the state will each get a slice of the $500 million in state-funded regional grants, with $65 million going to regions in the Indianapolis metro area.
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.
As a finalist, the Central Indiana Initiative, which is led by the city of Indianapolis, will receive a $500,000 grant to further develop its proposed projects. It is the running to win as much as $100 million more.
The Indiana Economic Development Corp. said the event will “showcase the state’s leadership role in transformative ideas, disruptive technology and urgent deliberation on the economy of the future.”
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.
Lawmakers in Indiana’s neighbor to the east will consider making graduates of any Ohio college who take a full-time job in the state exempt from state income tax for up to three years.
The improvements will bring new, higher-definition video boards to the northwest and southeast corners of the bowl, along with new video-ribbon displays, an upgraded sound system, new carpet and furniture, and an area in the team’s locker room for female football personnel.
Indiana Secretary of Commerce Brad Chambers has a vision for the state to “shoot higher” in its economic development efforts, which he outlined Thursday morning in a five-point strategy.
