Ex-state commerce secretary takes job with Bose McKinney
Outgoing Gov. Mike Pence appointed Victor Smith to serve as the state’s secretary of commerce in January 2013.
Economic Development
Articles
Sports apparel maker planning to add 192 workers at local plant
BSN Sports LLC plans to spend $2.4 million to improve its sportswear production facility on the city’s northwest side.
State eco-devo agency inked fewer incentive deals in 2016
The Indiana Economic Development Corp. said the decline in deals is a good thing because it reflects a strong Hoosier economy.
GM stamping plant site going back on block
The owner of the former General Motors stamping plant property plans to solicit bids for the site as early as next month and is expecting proposals to be much bolder than previous pitches.
City approves tax break for Cummins’ downtown office project
The Columbus-based engine maker will receive a 10-year personal property tax abatement on IT equipment for its new nine-story building, where it plans to employ about 250 workers by next month.
IU’s Glass touts long-term commitment to Crossroads Classic, despite drawbacks
IU Athletic Director Fred Glass would have good reason to be conflicted about the Hoosiers’ participation in the all-Indiana hoops double-header, which is no doubt a boon for downtown Indianapolis and Butler.
New NFL Combine Experience expected to draw 100,000 fans to Indy
Tourism officials project that 40 percent of those attending the new fan-friendly event will come from outside Indiana. The attraction could score $2 million for downtown hotels and restaurants.
Officials want $150K loan tied to Muncie project paid back
The $150,000 loan to a businessman was made more than three years ago as part of an effort to redevelop a Muncie building and create jobs.
Diabetic shoe maker strides to Zionsville, plans 25 jobs
Healer Health makes shoes under the brand name I-Runner. It’s moving its operations from Kentucky to Zionsville next month.
City officials to vote on Rexnord’s $381K tax-break clawback
The resolution directs the manufacturer to pay back the money and authorizes the Department of Metropolitan Development “to take such action as is necessary to recover said damages.”
Wind turbine maker paying back county after missing hiring goals
An Italian company planned to create 450 jobs when plans for its Muncie factory were announced in 2008, but it never employed more than about 60.
Workers at endangered Indiana plant feel forgotten by Trump
Connecticut-based United Technologies, the parent firm of Carrier Corp., said in a statement that its plans to send 700 Huntington jobs to Mexico haven’t changed.
City shifts more TIF risk onto developers
The Hogsett administration has begun using TIF financing for neighborhood projects, but the developers have to agree to back the bonds.
After Carrier deal, will more manufacturers threaten to leave?
The state rarely has to dole out incentives to retain jobs. Experts differ on whether that’s likely to change in the wake of the $7 million deal state officials cut to keep an Indianapolis HVAC plant open.
Holcomb taps IEDC’s Schellinger for secretary of commerce
Jim Schellinger, a former Democratic candidate for governor, became president last year of the Indiana Economic Development Corp. In accepting the new position, he will retire from CSO Architects, where he had served as CEO, and sell his ownership stake.
Union president challenges Trump on Carrier job numbers
The union president slammed by Donald Trump on Twitter challenged the president-elect to back up his claim that a deal with Carrier Corp. would save 1,100 jobs in Indianapolis.
Zionsville software firm planning new office, 190 hires
Zionsville-based Clear Software LLC is planning a major expansion that could transform it from a small startup into large tech firm with almost 200 workers.
City-County Council votes to expand downtown TIF district
Council members voted 24-1 to include in the TIF district the former General Motors stamping plant property and the Market East District.
Pharmaceutical firm plans $10.4M in new equipment, 60 jobs
The company has requested a tax break from Indianapolis officials on the project that would save it about $484,000 over eight years.
Unemployment sinks to 4.6 percent as U.S. adds 178,000 jobs
The unemployment rate hit a nine-year low in November, although mainly because many people stopped looking for jobs and were no longer counted as unemployed.