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.
When this time of social and economic uncertainty passes—and it will—let’s rededicate ourselves to the city’s upward trajectory.
The automaker says it will invest $158 million to build a new service parts facility and add a transmission assembly shop. The 4.7-million-square-foot plant produces about 410,000 vehicles each year.
The distribution arm of the New Jersey-based company plans to spend $110 million on project, which will include specialized handling and storage technologies for medical devices.
Senate Bill 350 would create a regional development authority framework for central Indiana to allow local officials to work together on significant economic development initiatives. The pilot program would be in place for five years.
ActiveCampaign, a Chicago-based marketing technology company that recently opened an Indianapolis office, announced this week it landed $100 million in Series B funding that will help it grow locally.
According to Gov. Eric Holcomb’s prepared remarks, Fiat-Chrysler will invest $400 million in its Kokomo facility and hinted that an announcement will be made on Friday from Toyota in Princeton.
Host Mason King talks with Bill Soards, president of AT&T Indiana, and Sean Hendrix, who is the director of emerging technologies and partnerships for Purdue Research Foundation, about why 5G matters and how it could be used in the manufacturing, agricultural and other sectors.
Lev added 92 employees in 2019, exceeding the goal of 70 new hires that it set when it announced the move of its headquarters to Indianapolis in February 2019.
Indianapolis’ economic development agency negotiated 67 relocation or expansion projects in 2019, the city announced Tuesday.
The shop in Castleton is expected to open in March and will sell fresh baby food plus merchandise for both babies and mothers. The company also offers baby food subscription boxes.
The tax abatement is for equipment the artisanal, vegan chocolate maker and distributor plans to use at at its new, 12,870-square-foot facility in the Circle City Industrial Complex, 1125 Brookside Ave.
