Greenwood approves agreement for $83M redevelopment project
The redevelopment of the former Greenwood Middle School site would bring hundreds of residential units, plus restaurants, retailers and a public parking garage to the city’s downtown.
Economic Development
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Schellinger steps down as Holcomb’s secretary of commerce
In a memo to the Indiana Economic Development Corp. board of directors, Schellinger said he is leaving state government “with the deepest sense of gratitude and joyful satisfaction in my heart.”
Digital marketing firm plans 224 jobs in Indy, just months after acquiring local startup SmarterHQ
Wunderkind Corp., a digital marketing company that was known as BounceX until last year, said it would co-locate its operations with SmarterHQ, which continues to maintain its own branding, at 9102 N. Meridian St.
Biden team readies wider economic package after virus relief
During the presidential campaign, Joe Biden pledged to deploy $2 trillion on infrastructure and clean energy, but the White House has not ruled out an even higher price tag.
California-based SaaS firm plans to hire 150 workers for new Indy office
Celigo, which makes software that helps companies automate business functions and IT services, already employs 17 Hoosiers who work remotely.
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.
New report outlines challenges, solutions for Indiana’s economy
The Brookings Institution report, “Indiana GPS: Strategies for Resilience,” identifies job growth, wages and technology as areas for improvement in the state’s economy.
City’s former deputy mayor joins law firm Bose McKinney
The Indianapolis-based law firm said Thomas Cook will join its Site Selection & Economic Incentives Group, where he’ll assist clients with economic development deals, among other duties.
Local firm’s new initiative matches remote workers with relocation incentives
Entrepreneurs Bill Oesterle and Evan Hock last month launched MakeMyMove, a subsidiary of TMap.
Steel door manufacturer to open Indianapolis plant
De La Fontaine Industries announced Wednesday that it plans to open a plant in Indianapolis that will employ up to 20 workers by the end of 2023.
Greenwood-based filter company expands its manufacturing plant, workforce
National Trade Supply, located at 2011 Southtech Drive, employs 157 people in Greenwood and 167 at retail locations throughout the state and country. That includes 43 local employees it added last year.
IEDC reports 4th straight record year for job commitments
The state’s lead economic development agency announced Thursday that it secured 282 business relocation or expansion deals in 2020 that are expected to result as many as 31,300 new jobs.
Chamber to spend millions in quest to attract residents
The Indy Chamber is in the early stages of a $6.1 million, five-year, online effort whose goal is easy to understand but tricky to achieve: Persuade people to move here.
Cummins to pay $4.5M for Greenwood site in revision to firm’s deal with city
Cummins announced last year that it planned to build a $35 million office building at the corner of Interstate 65 and County Line Road, but the pandemic has the engine maker rethinking how to best use that site.
Israel-based agtech firm Taranis moving global headquarters to Westfield
The company announced Thursday that it plans to spend $10.5 million to relocate its global headquarters, expand operations and add 60 employees over the next three years.
Combined state, local incentives for Elanco total at least $150M
The total doesn’t include the value of the land the state will give to Elanco Animal Health for the project. Even so, the combined city and state package is possibly the largest amount of tax breaks ever considered for an economic development deal in Indiana.
Indy Chamber announces leadership change at Develop Indy
Indy Chamber executive Ian Nicolini has moved into the organization’s long-vacant role of chief operating officer, and Portia Bailey-Bernard has taken over Nicolini’s former position as the chamber’s economic development leader.
Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant
A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.
IBJ Podcast: Can Cook Medical help turn an Indy neighborhood around?
Host Mason King talks with Pete Yonkman, president of Cook Group and Cook Medical, and Ashley Gurvitz, executive director of United Northeast Community Development Corp., about a plan to build a $15 million manufacturing plant in a low-income Indianapolis neighborhood.
Carmel considers establishing four new waterway districts to obtain new liquor licenses
The Carmel City Council introduced a proposal on Monday to establish four new waterway districts that would allow the city to pursue additional alcoholic beverage permits.