Electric vehicle company puts Indiana factory plans on hold
An electric vehicle startup has halted plans to start production at a northern Indiana factory and hire more than 450 workers.
Economic Development
Articles
Boomerang proposes $157M mixed-use development on 240 acres in Noblesville
The massive project, which includes industrial, residential and commercial uses, would take place on largely undeveloped land near the State Road 32/38 split.
Roundtripper, Peterson land tax abatements for Westfield projects
Roundtripper Baseball Academy is expanding its baseball facilities in Westfield and The Peterson Co. plans to build an office and warehouse facility for a Fishers company that plans to relocate.
Noblesville mayor-elect Jensen views projected population surge as opportunity
But first—Chris Jensen said—the city needs to take steps that will help guide and keep a handle on the coming influx of residents and businesses.
East-side not-for-profit plans $9 million, 51-apartment mixed-use project
To be known as St. Lucas Lofts, the project proposed by Englewood Community Development Corp. would include at least 10 units designated for individuals who are recovering from homelessness.
Health care services firm plans up to 850 jobs in Indiana
The Louisville-based company expects to invest more than $52 million to launch its Indiana operations at the River Ridge Commerce Center in Jeffersonville.
Allison Transmission plans to build Innovation Center, boost employment
Officials said the new project, combined with the Vehicle Environmental Test, or VET, facility announced earlier this year, would create more than 300 jobs altogether at Allison.
Creation of TIF district in Old Southside approved by council panel
City officials said the area is primed for redevelopment, especially after being designated a Lift Indy neighborhood, which means the city will direct about $4 million in investments to the area over three years.
Trump’s threatened tariffs on hold after deal with Mexico
A joint declaration released by the State Department said the U.S. “will immediately expand” a program that returns asylum-seekers, while their claims are under review, to Mexico after they have crossed the U.S.-Mexico border. Mexico will “offer jobs, healthcare and education” to those people, according to the agreement.
Puma plans $40M-plus Whitestown distribution center, 90 jobs
The sports footwear and apparel company is negotiating a lease to open in a roughly 635,000-square-foot building at 3519 Perry Boulevard.
Company specializing in steel wheels plans Indiana facility
Officials announced Friday that Indiana Wheel Corp. plans to spend nearly $23 million to purchase, renovate and equip the facility, where it will hire up to 117 workers.
City orders Delco Foods to pay nearly $100,000 for breaking incentive deal
A local food distribution company that plans to move its operations to Whitestown next year will have to pay off $98,406 in tax breaks, the Metropolitan Development Commission ruled this week.
Fishers, Airport Authority seeking buyers for prime 96th Street site
The city of Fishers and the Indianapolis Airport Authority have issued a call for proposals from parties interested in purchasing and developing a 65-acre site at the Indianapolis Metropolitan Airport in Fishers.
Engineering firm to invest $1 million, add up to 135 Bartholomew County jobs
LHP Engineering Solutions, a minority-owned firm launched in 2001, targets the automotive, aerospace and medical industries.
Q&A with Kai Chuck, Westfield’s director of global strategy and business development
Chuck has more than a decade of experience working in international economic development.
City officials approve TIF-like district to fund new levee in Rocky Ripple
City of Indianapolis officials voted overwhelmingly this week to authorize the creation of a flood control improvement district in the area between the White River and the Central Canal, which would help fund the construction of a new levee along the White River.
Drug research firm Covance plans $17.5M expansion, 203 jobs
Plans call for the company to spend $11.8 million on the real estate improvements and another $5.7 million on new IT equipment and freezers.
Upstart software firm plans 75 jobs at new downtown HQ
A software-as-a-service firm founded last year under the wing of Indianapolis-based venture studio High Alpha announced Tuesday that it plans to spend $1.4 million to establish a downtown headquarters.
Packaging company to open Whitestown factory, hire up to 43 workers
Opus Packaging Group said it will invest $3 million to build and equip a 170,000-square-foot facility, its first location in Indiana.
Company plans $9M research facility in Crawfordsville
An Alabama-based company that makes pipes for water, oil and natural gas is planning to build the 30,000-square-foot research and development facility on 17 acres.