Indiana packaging plant Deufol Sunman to shed almost 250 employees
Packers, equipment operators, quality assurance technicians—and a host of other positions held by 243 people—will be eliminated by Sept. 30, according to a notice sent to the state.
Economic Development
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Allegiant to open $40M aircraft base at Indianapolis International
The Las Vegas-based airline said the Indianapolis base will create 66 high-paying jobs and allow the company to offer more routes from Indianapolis in the future.
Developer of $37M downtown apartment project seeks new construction schedule
Investment Property Advisors needs the adjustment to still qualify for a property-tax abatement tied to a second phase to its 9 on Canal apartment project.
Topgolf planning to hire 500 for its Fishers location
The 65,000-square-foot golf attraction at the corner of 116th Street and Interstate 69 is slated to open this fall.
U.S. economy expanded at stronger 2.6 percent rate in second quarter
The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending.
Trump announces $10 billion Foxconn plant in Wisconsin
President Donald Trump said Wednesday that electronics giant Foxconn will build a $10 billion factory in Wisconsin that's expected to initially create 3,000 jobs, the largest economic development project in the state’s history.
City to offer $1,000 each to displaced Carrier workers, future employers
The money will come from the roughly $1.2 million in local tax incentives that Carrier and its parent company returned to the city after the announcement some local operations would move to Mexico.
Trump to announce Apple supplier Foxconn opening Wisconsin plant
Economic development officials from Indiana, Illinois, Michigan, Ohio, Pennsylvania, Texas, and Wisconsin have all vied for Foxconn’s attention. The plant is expected to employ thousands of workers.
Council OKs $20 million in expenses for new justice center
The vote helps move the justice center forward to a design and planning stage.
Indiana, other states vie for big Foxconn display panel factory
Taiwanese electronics maker Foxconn’s plan to build a display panel factory in the United States has sparked a flurry of lobbying by states vying to land what some economic development officials say is a once-in-a-generation prize.
Illinois steel company proposes $35M move to Indiana
The company hopes to build a 250,000-square-foot production facility and office complex that could produce 250,000 tons of steel annually.
Wisconsin senator claims deal is near in Foxconn hunt
Wisconsin and Indiana are among states vying for iPhone maker Foxconn as it considers building a $7 billion display panel manufacturing plant that could employ up to 10,000 people.
Indianapolis-based grading-software startup plans to add 102 workers by 2021
Mimir Corp., which relocated its headquarters from West Lafayette to downtown Indianapolis last month, sells software that automates computer science grading and checks for plagiarism. It’s used by more than 80 universities worldwide.
Apartments, grocery proposed in $32M renewal effort on key stretch of 38th Street
Plans are taking shape to revamp dilapidated and underdeveloped properties in the Maple Crossing area, north of 38th at Illinois and Meridian streets.
Dermatology practice planning $7.2M Castleton headquarters
Dawes Fretzin Dermatology Group LLC has received preliminary approval for tax breaks from the city of Indianapolis to help it pay for a 30,000-square-foot free-standing facility near the Lowe’s Home Improvement store in Castleton.
Office360 continues rapid expansion, plans to add 30 jobs by 2022
The nine-year-old office supply firm, which currently has 91 full-time workers, said it will invest $764,500 to update equipment at its 80,000-square-foot headquarters on the northwest side.
Lebanon OKs incentives for massive distribution center
The Lebanon City Council on Monday night unanimously approved more than $2 million in tax incentives to lure a fast-growing logistics company that has proposed opening a major distribution center that would employ nearly 1,200 people.
Rural Indiana: the state’s next economic frontier?
Jodi Golden, the new executive director of Indiana’s Office of Community and Rural Affairs&mdash, is eager to see all the potential and assets that rural Indiana has to offer.
Columbus girds for $50M Cummins renovation, $30M overpass project
The updates to the manufacturer’s corporate offices are aimed at collaboration and efficiency. The overpass construction is meant to smooth traffic flow at a key entry point to the city.
Pharmakon collected $560K in incentives before ceasing operations
Noblesville-based Pharmakon had a history of making state and local incentive agreements before suspending operations last year after a Food and Drug Administration investigation uncovered safety issues and possible criminal activity.