Holcomb headed on trade mission to India
Among the items on the governor’s agenda is a meeting with executives of Infosys, which plans to open offices in Indianapolis projected to create thousands of jobs.
Economic Development
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Apartment developer Milhaus lands $245M in equity investments
Milhaus said the capital infusion will help fuel its plan to build thousands of units over the next few years while retaining most of its existing portfolio.
Manufacturer of medical-device parts plans $51.1M expansion, 337 hires
Fort Wayne Metals expects to add employees in all areas of the business, including production and maintenance, regulatory compliance and environmental safety.
Indy region submits bid to land Amazon’s proposed second headquarters
An Indy Chamber spokesman said Wednesday morning that the bid “has been sent as of last night to arrive ahead of the Oct. 19 deadline.”
Tale of 2 cities: Gary open about Amazon bid; Indy area still quiet
The long-struggling city of Gary in northwest Indiana is hoping to stand out in Amazon's search for a second headquarters site. Meanwhile, Indianapolis-area leaders are also making a pitch, but aren’t talking about what they’ll be touting.
Toyota, Mazda seeking $1B in incentives for joint car factory
Indiana is among more than a dozen states trying to land the $1.6 billion project, which could require a generous outlay from the winning locale.
Manufacturer plans $8 million plant, 87 jobs in Westfield
A locally-based subsidiary of Japan-based Toyota Industries Corp. plans to spend $8 million to build a 90,720-square-foot factory east of U.S. 31 near 196th Street.
Neighborhood effort Lift Indy launches with $4.5M investment
The Monon16 area on the near-north side is the first to be selected as part of Lift Indy, designed to deliver concentrated doses of federal community development funds.
Carmel cloud-computing firm plans to add 50 workers
CleanSlate Technology Group, a reseller of IBM products that also provides consulting services, said it will invest more than $1 million to expand its headquarters to accommodate the additional workers.
Indy GDP keeps up with most peer cities
Indianapolis’ economic performance in recent years has been as good or better than that of most of its peer cities around the Midwest, new government data show.
City hush-hush about Amazon HQ2 bid
Central Indiana is facing crunch time in its push to bid for the Amazon HQ2 project, with pitches to the Seattle-based company due Oct. 19, less than two weeks away.
Fuzic planning to add more than 250 jobs in Fishers by 2020
The company, which sells software for on-site audio marketing, intends to spend $3.7 million to triple its office footprint in Fishers’ Nickel Plate District.
State manufacturers float relocation tax credit idea as tool to lure workers
The Indiana Manufacturers Association is also hoping the state will allow local governments to offer relocation tax incentives to build upon any that the state offers.
KAR Auction Services planning $80M HQ project in Carmel
The Carmel-based vehicle reseller announced Tuesday that it intends to develop a new corporate campus that includes a 250,000-square-foot headquarters that provides room for 400 additional employees.
Trump push for U.S. jobs could spur boom in ‘corporate welfare’
Some analysts foresee a rush of new state-level subsidies and tax breaks as governors compete for any new facilities built by companies suddenly flush with newfound tax savings.
IEDC tailors campaign to lifestyle issues in 4 target cities
Ad placements in billboards, magazines, newspapers and internet and mobile platforms were part of a marketing plan launched in 2016 to target Chicago, San Francisco, New York and Atlanta.
TechPoint receives $5.7 million Lilly Endowment grant
TechPoint, a not-for-profit advocacy group, plans to use the money on two programs to nurture young tech talent.
Indianapolis, Fishers mayors spearhead effort to attract Amazon HQ2
Amazon’s announcement last week that its future second headquarters will create 50,000 new jobs with an average annual compensation of $100,000 have cities across the country clamoring to submit bids. But there’s a short timetable, with proposals due Oct. 19.
Under Daniels, Purdue unleashes surge of startups
Before Mitch Daniels took the helm, the university used its intellectual property to create about eight startups annually. The school has been averaging nearly three times that each year since.
Hamilton County employers try to fill thousands of positions as jobless rate falls
No particular industry sector appears safe from the impact, as the county’s unemployment rate falls below 3 percent. Companies in health care, information technology, advanced manufacturing and construction are all struggling to find workers.