New consortium to promote, facilitate investments in state ‘opportunity zones’
Investors who want to take advantage of the “opportunity zones" provision created by last year’s federal tax overhaul are about to receive more help in Indiana.
Economic Development
Articles
Firms could hire marginalized workers to keep economic growth humming, expert says
The unemployment rate is so low that the U.S. economy risks slipping into recession due to lack of labor. Businesses should consider hiring ex-offenders and other prospects that they previously have avoided, according to a chief economic strategist for Fifth Third Bank.
IT company HighPoint Global to expand local operations
The Indianapolis-based firm, which focuses on tech services that help government agencies communicate more effectively with constituents, plans to add 60 employees.
Lawn care equipment manufacturer plans 58 jobs in Lebanon
Startup Steel Green Manufacturing recently moved into a manufacturing facility in Lebanon and plans rapid growth over the next four years.
Indiana Chamber to back state hate-crimes legislation
The Indiana Chamber of Commerce on Wednesday announced it would support the passage of a state law against bias crimes, marking the first time the organization has taken an official position on the issue.
Here’s what Amazon is getting, giving in site selections
Amazon stands to get nearly $2.5 billion in tax breaks and other incentives as part of its deals to open up two new East Coast offices and an operations hub in Tennessee.
Amazon bypasses Indy for massive logistics hub in Tennessee
Indianapolis is known as the Crossroads of America, but a site-selection expert said Amazon didn’t tell local officials that it was considering creating a 5,000-worker logistics and operations hub. Amazon has picked Nashville, Tennessee, for the hub, which will be the largest economic development deal in the state’s history.
Amazon targets big talent pools over smaller markets with split-HQ decision
The sites in Long Island City, Queens, and in Arlington, will be a boon for the New York and Washington, D.C., metro areas and highlight Amazon’s willingness to target big labor pools with pricey payroll over smaller markets offering lower costs of living.
AMAZON UPDATES: Indy officials pushed three sites for HQ2, showed off Mass Ave during visit
When visiting Indianapolis in March to gather intelligence on the city’s HQ2 bid, Amazon officials had two meals at hot restaurants on downtown’s northeast side and toured three potential sites for the $5 billion project.
Amazon HQ site choices: Similar basics but different vibes
The communities reportedly chosen to become homes to a pair of big, new East Coast bases for Amazon.com are both riverfront stretches of major metropolitan areas with ample transportation and space for workers.
Amazon.com chooses NYC, northern Virginia for new HQ locations, newspaper says
The e-commerce giant is expected to announce the decision as early as Tuesday, The Wall Street Journal reported Monday night. Indianapolis had been a top 20 finalist out of 238 that bid for the site.
Amazon near deals with New York, Virginia for split HQ2, newspaper says
Amazon.com Inc. will separate its proposed second headquarters into two locations, and is close to deals with both sites, The New York Times reported Monday.
Deal to give Dow Agro successor $30M in incentives rankles some councilors
A panel of City-County Council members on Monday advanced a plan to provide Corteva Agriscience with incentives to maintain operations in Indianapolis, but not before several councilors expressed objections.
Report: Amazon in ‘advanced talks’ to build HQ2 near Washington, DC
Such a decision would leave Indianapolis and 18 other finalists out of the running for the giant economic development prize.
Indianapolis event-software firm plans to hire more than 100 workers
Socio is just two years old but already has hundreds of clients across six continents, including Google, Microsoft, PepsiCo and Hyundai.
Disease-diagnostics firm plans to invest $5.3M, hire up to 31 workers
MiraVista Diagnostics, which processes more than 100,000 fungal-infection tests annually, plans to double the size of its headquarters near Indianapolis International Airport.
City-County Council member selected as next head of IndyHub
Blake Johnson, a Democratic member of the City-County Council, is replacing Molly Chavers as the leader of the organization, which serves as an advocate and networking resource for young professionals.
Old Southside targeted for $4M city investment through Lift Indy program
The funds are expected to help the neighborhood and its partners invest in upgrades to the area’s local park and improve the infrastructure of South Meridian Street, as well as build several hundred new units of affordable housing.
Packaging manufacturer plans $106 million plant in Lebanon
A British company with packaging plants around the world plans to build a 550,000-square-foot manufacturing facility just southwest of Interstate 65 that will employ 140.
Indianapolis vying to continue as host of FFA convention until 2031
Indianapolis is under consideration for a seven-year contract extension that would keep FFA’s giant national convention in the city until 2031—but it’s competing for the opportunity with another city.