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.
Economic Development
Articles
IEDC works with accelerator to bring startups to Indiana
Gener8tor is launching four industry-specific programs within its gBETA accelerator for early-stage startups from both Indiana and around the United States, hoping some will move here.
IEDC hires consultant to study state’s entrepreneurial ecosystem
The IEDC has agreed to pay $150,000 to San Francisco-based consultant Startup Genome to generate a snapshot report of the state’s entrepreneurial climate. Based on the results of that report, the IEDC will decide whether to contract with the consultant for additional work.
Indiana Avenue advocates say interstate plans key to revitalization
Groups that hope to see revitalization in the Indiana Avenue neighborhood are paying close attention to how future interstate construction projects will affect the area.
Indiana’s highway system stagnant in national ranking, study says
The foundation’s 26th annual highway rankings place the Hoosier state at 32 for the second straight year, dinging it for poor rural and urban interstate pavement, insufficient maintenance expenditures, low capital and bridge spending, and more.
City to invest $3.5 million in far-east side through Lift Indy program
The far-east area is Lift Indy’s seventh designee, after Mid-North, Monon16, the Old Southside, East 10th Street, the Near-North and Martindale-Brightwood.
Eight firms team up on $100M project along Monon Trail with housing, grocery, other retail
Located in the long-struggling Martindale Brightwood neighborhood, the expansive Monon 30 project in part would be intended to boost an area now littered with the remnants of past industrial uses.
RV company plans Indiana expansion, 500 jobs
Forest River expects to start production at the new site by the end of November, with the first travel trailer expected to come off the production line in early December.
Trio of industrial buildings planned near Ruoff Music Center
A Carmel-based development firm plans to spend $70 million or more to turn agricultural fields in Noblesville into the site of three industrial buildings called Saxony Industrial Center.
Fishers lands $125M life sciences manufacturing operation with plans for 210 jobs
Genome & Co. announced Thursday morning that it plans to establish a new 110,000-square-foot facility on 15 acres in the new Fishers Life Science & Innovation Park.
Indiana goes on offense to capture evolution of electric-vehicle industry
Using tax incentives , an EV commission and membership in a regional network promoting EV infrastructure, the Holcomb administration is looking to increase EV manufacturing statewide.
Mid-North area chosen for 3-year, $3.5M Lift Indy investment program
The initiative will direct $3.5 million to the area to help aid creation of a supportive housing development, an affordable rental housing program, an early childhood education center and a grocery.
Two Noblesville businesses plan to spend $11M on new HQ buildings
The city has a preliminary agreement in place with WoodTurningz Inc. and Texon Towel and Supply Co. to abate most of their property taxes over the next eight years if the companies meet hiring goals.
Ascend Indiana using $23.8M to revamp its online job network
A not-for-profit workforce development initiative of the Central Indiana Corporate Partnership, Ascend Indiana is revamping the Ascend Network to better connect job seekers to career pathways and expand services to help bridge gaps in workforce needs.
GE Appliances announces $450 million investment in Indiana’s neighbor
GE Appliances—which at one time employed thousands of people in Indiana—announced plans Thursday to add more than 1,000 jobs at its sprawling Kentucky operations as part of a $450 million investment to boost capacity and launch new products.
Indianapolis chocolate business lands $5.25M in venture funding
The Indianapolis-based company behind artisanal chocolate brand SoChatti plans to use the funding to launch new products and innovations into the food-production industry. It also finalized its first industrial licensing agreement.
Fifth Third Bank announces $20M investment in Arlington Woods neighborhood
Most of of the funding will will go to improve mortgage access, capital access for small businesses and other education resources in the northeast-side neighborhood.
Toyota planning to build $1.29B U.S. battery plant employing 1,750
The Toyota plant location wasn’t announced, but it will likely be near one of the company’s U.S. assembly plants in Indiana, Missouri, Kentucky, Alabama or Texas.
Work starting on 13,000-acre solar farm in two Indiana counties
The $1.5 billion solar farm’s first phase is expected become operational by mid-2023 and will produce 400 megawatts of electricity, enough to power 75,000 households, according to the company.
Amazon plans two Indiana facilities employing 1,000
Amazon’s announcement follows a secretive process in which Elkhart County officials approved an estimated $10 million tax break package for the project without revealing the company involved.