Sallie Mae planning $12M expansion, 350 more jobs in Indianapolis
The expansion is the second for the student loan giant in Indianapolis in less than two years.
Economic Development
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Indian engineering firm picks Columbus for 500-worker headquarters
A Bangalore-based engineering firm that announced plans in November to open a $10 million North American headquarters in Indiana has chosen Columbus for the facility, state officials announced Wednesday.
Indy Council approves tax abatement for Infosys
The 10-year tax abatement will apply to IT equipment of up to $400 million.
Two Zionsville companies to expand, add 72 employees
Both companies are expected to receive economic development incentives from the city of Zionsville and the state.
Indianapolis-based CraftMark Bakery plans $56 million expansion
The industrial bakery is seeking local tax breaks in connection with the project, which is expected to create 118 jobs over the next three years.
FedEx plans $385M upgrade for Indy hub, seeks $29.2M tax break
The investment in new equipment would ramp up the speed of sorting and handling at the 2.4 million-square-foot hub, as well as create about 125 full-time jobs and 450 part-time positions.
Brown’s biotech startup to hire 225, invest $16M in HQ
A company founded a year ago by prominent local tech entrepreneur Don Brown expects to pay average salaries of $156,000 a year in new space at the IU Emerging Technology Center.
Five companies commit to adding 500 jobs in Fishers
The announcement caps off what officials are calling a record year for economic development in the northern suburb—commitments for 2,185 new jobs and $64.5 million in capital investment.
Subaru plant in Lafayette to add another 200 jobs as Ascent production kicks in
As it adds the Ascent SUV to its roster, the Subaru of Indiana Automotive plant in Lafayette plans to boost its already enormous workforce by as many as 200 employees by the end of 2018.
Zionsville stepping up for baseball headquarters
The Boone County town will soon be home to the headquarters for Little League International’s Central Region, one of five U.S. offices.
Fishers tech firm plans $8M expansion, 68 high-wage jobs
The company said it will renovate and update equipment at its 10,000-square-foot facility at 9128 Technology Lane, west of the Interstate 69 and State Road 37 exit.
Cold Storage planning $29M expansion in central Indiana
New Jersey-based U.S. Cold Storage plans to add 100,000 square feet to its existing 200,000-square-foot refrigerated warehouse and logistic-services facility.
Insurance giant adding 400 jobs in $14M expansion in Carmel
The Boston-based insurer said it will lease 56,000 square feet in the Parkwood Crossing office complex to accommodate the expansion.
Officials looking to boost Grissom air base business
Officials in the area plan to offer incentives to businesses moving to the area or providing goods or services for existing companies in the region.
Proposed fee for Mile Square property owners attracts opposition
Downtown Indy is encountering resistance from some big property owners to its plan to create an economic improvement district that would raise about $3 million annually through a fee.
Lilly Endowment gives AgriNovus $4.2M to aid public awareness campaign
AgriNovus Indiana wants to get the word out on the state’s agbiosciences efforts and the opportunities they offer across several agricultural and technological sectors.
State eco-devo group touts record year for job-creation commitments
So far in 2017, businesses have pledged to create as many as 28,846 jobs in coming years in Indiana as part of incentive deals with the state.
Angie’s List executive taking top job at Conexus Indiana
Mark Howell, who has been Angie’s List’s chief operating officer since 2013, will start his new job at the manufacturing and logistics advocacy group in January.
Carmel software firm in midst of expansion, 40 hires
Clinical Architecture is spending $4.2 million on its new headquarters space while seeking software developers, clinical experts, salespeople and product managers.
Indian engineering firm plans to open 500-worker North American HQ in state
Axiscades, which provides product engineering to firms in a variety of industries, plans to decide by the end of the year where in Indiana it will put the operation.