Indiana governor planning trips to Israel, Europe in May
Indiana's governor is planning economic development trips to Israel and Europe that will include taking the first nonstop commercial flight from Paris to Indianapolis.
Economic Development
Articles
Proposed $15M rehab promises offices, vast rec center on Mass Ave industrial corridor
Stenz Construction Corp. is seeking a city tax break to help offset costs for reclaiming a ramshackle set of buildings and creating fitness facilities, climbing walls, and office and restaurant space, among other features.
Software firm Flexware to build downtown Fishers headquarters
The company, which last November announced plans to double its workforce, plans to occupy half of a $3.5 million building that would be constructed near the Nickel Plate District Amphitheater.
Huge surpluses have dried up for downtown tax increment financing district
Tens of millions in spending, along with unforeseen events, have drained the TIF’s unrestricted cash balance—money left to fund extra projects after covering debt and reserves.
Nora, developer reach settlement on controversial development
The settlement will allow developer Green Indy LLC to build a revised version of the so-called Alexander at the Crossing project that was initially denied by the Metropolitan Development Commission last year.
Cities, projects seeking special alcohol permits likely must wait until next year
Legislation that would have granted additional alcohol permits to a handful of municipalities and the developer of a big downtown project were sidetracked in the General Assembly.
How well does Indy rate on Amazon’s scorecard for HQ2?
Using the criteria the internet giant set for its secondary headquarters, IBJ did some digging and reached some conclusions on the city’s fitness for the $5 billion project.
Council panel OKs $9.5M in loans to help Central State, Monon 16 neighborhoods
The projects are coming up now because the city has six months left to take advantage of more than $30 million in a federal loan guarantee program that it was awarded in 2012 by the U.S. Housing and Urban Development Department.
Amazon officials quietly visited Indianapolis last month in HQ2 search
The visit occurred the week of March 19, the same week Amazon officials were reported to have visited Chicago for two days.
Zionsville co-working center zWorks gears up for expansion
Less than three years after opening in Zionsville, entrepreneurial and co-working center zWorks is on the verge of opening its second facility. And it already has three tenants lined up for the new space.
LISC seeking new executive director after Taft lands promotion
Bill Taft, leader of the influential Indianapolis office for the Local Initiatives Support Corp. since 2005, has been named senior vice president for economic development for LISC National.
Holcomb optimistic about Canadian partnerships after trade mission
Back from a three-day trip to Canada that included meetings with Prime Minister Justin Trudeau, Gov. Eric Holcomb told IBJ he's confident Indiana's strong trade relationship with the country is poised to grow despite uncertainty about the future of trade between Canada and the U.S.
Law kicking in July 1 puts backers of $3M downtown fund on hot seat
Suddenly, Downtown Indy’s quest to create an economic improvement district in the Mile Square faces a major new obstacle.
Two manufacturers plan new plants in Whitestown, nearly 200 jobs
A food-packaging maker and one of the world’s largest bearing manufacturers have plans to spend more than $22 million and lease more than 400,000 square feet of space in Boone County if tax incentives are approved.
Hogsett proposes ‘cap and trade’ system allowing electronic billboards
Under the proposal, sign owners could convert existing billboards to electronic ones, as long as twice that amount of signage space is removed from the city’s urban core.
Indiana’s unemployment rate eases down to 3.2 percent
Private sector employment grew by 5,200 over the month and is up 28,200 over the past year, the state said.
Indy council member: Amazon bidding war is ‘race to the bottom’
An Indianapolis City-County Council member has signed onto a pact with two other council members from the cities of New York and Austin, Texas, to oppose the “tax-break bidding war that Amazon has begun” in pursuit of its second headquarters.
Three firms founded at Launch Fishers planning to add 82 jobs
Three fledgling businesses that trace their roots to co-working space Launch Fishers announced growth plans Tuesday that are expected to lead to $2 million in capital investments in Fishers.
Several issues unresolved as General Assembly nears ending point
Still left to address is legislation involving school safety programs, professional licensing for young immigrants referred to as “Dreamers,” sex education, school takeovers, handgun fees and workforce development leadership.
UPDATE: Manufacturer SMC planning $68M expansion in Noblesville
The largest private employer in Noblesville is planning a mammoth new facility and dozens of new jobs at its North American headquarters campus.