Fishers council OKs $10M in incentives for biopharm firm, Maple Del development
The Fishers City Council on Monday approved two economic development deals that are expected to lead to a combined $96 million in investment.
The Fishers City Council on Monday approved two economic development deals that are expected to lead to a combined $96 million in investment.
The Joint Hypersonics Transition Office Systems Engineering Field Activity hub will be located at Naval Surface Warfare Center in Crane. A team of 30 engineers and program managers will be based there to support the program.
The Idaho-based veterinary and agricultural animal health products supplier plans to spend $5.8 million to expand its local operations.
The project will allow RLL to moves its its IndyCar operations in Brownsburg and its International Motor Sports Association operations in Hilliard, Ohio, to one 13-acre site in Zionsville’s Creekside Corporate Park.
Plus, Feltman provides an update on how IBJ is doing during the pandemic and what he sees as the news organization’s future.
GadellNet Consulting Services, which opened a Carmel office in 2015, plans to boost local employment by about 85 workers over the next five years.
The Westfield City Council approved issuing a $5 million general obligation bond for a new roundabout, new police vehicles, a fire truck, public safety equipment and early-stage investments in a roundabout and two road reconstruction projects.
The state has seen a lower-than-expected response to its Small Business Restart Fund, which it launched in June to help companies with fewer than 50 employees cover the costs of pandemic-related expenses.
Each Notre Dame home football game typically brings in about $17 million in visitor spending to St. Joseph County and $22 million for the overall region, according to the most recent study.
Angela Smith Jones, deputy mayor for economic development for Indianapolis since 2016, is joining Health and Hospital Corp. as the vice president of diversity and inclusion.
Carmel-based SEP and Indianapolis-based developer Pure Development Inc. are partnering to build the 70,200-square-foot facility in Westfield by the end of next year.
Through the end of the year, Hoosiers with an associate’s or bachelor’s degree can also receive free training in high-growth, in-demand jobs. In addition, the state has expanded the money companies can receive to train workers.
The terminated economic development agreement called for a $280 million mixed-use redevelopment of the former 31-acre General Electric campus with new commercial and retail space. The site once employed more than 10,000 GE workers.
In the past seven years, the drugmaker has received tax breaks worth nearly $40 million in exchange for investing more than $500 million at its Indianapolis properties.
Some economists have even warned that a so-called “double-dip” recession, in which the economy shrinks again after rebounding, could develop.
Indiana boasts nearly 200 farmers markets statewide that play a vital role in the local economies, according to research done by Purdue University.
The report evaluated Indiana in four general areas—talent, business climate, infrastructure and creative culture—and considered educational attainment, per-capita income, government spending, health insurance premiums, smoking and obesity rates, energy prices, internet connectivity and entrepreneurship.
The change to the way tax incentives are awarded is part of the city’s quest to achieve “inclusive economic growth” by growing opportunities for the city’s middle class and poor, and came as the result of years of research.
The city of Fishers announced Wednesday morning that Genezen Labs, U.Group and Highbridge intend to grow their operations in the city.
Approved businesses will also be eligible for one-on-one business plan consulting through the term of the no- or low-interest loans.