Experts: Migration from Illinois to Indiana likely to grow
The number of Illinois residents pulling up stakes and moving to Indiana is expected to grow in the coming years because of factors including a lower cost of living and lower taxes.
Economic Development
Articles
NCAA to review North Carolina’s ‘bathroom bill’ deal
NCAA President Mark Emmert told reporters Thursday that the association’s board of governors will have to discuss the new legislation before deciding whether they’re comfortable hosting neutral-site championships in the state again.
Tech firm ClearScholar plans 31-employee expansion
The company, which develops student-engagement applications for universities, more than doubled its office space this month by moving operations across Monument Circle, from Circle Tower into the Lacy Building.
Layoffs loom as state moves on incentives to save other Carrier jobs
The IEDC approved a $7 million incentives package that requires Carrier to keep 1,069 jobs here, although the company is still sending hundreds of other jobs to Mexico.
Tech-consulting firm Kinney Group lands $6M in VC
The Indianapolis-based company plans to use the cash infusion slated to boost its headcount and expand its office space.
High-profile Carrier incentives deal unusual for Indiana
The deal brokered by President Donald Trump to stem job losses at a Carrier Corp. factory in Indianapolis is unusual for the state of Indiana because it doesn’t involve job creation.
UPDATE: Holcomb replaces Mutz, other longtime members on IEDC board
The three longest-serving members of the Indiana Economic Development Corp.’s board of directors, including former Lt. Gov. John Mutz, have been replaced.
Speedway hires financial executive as town manager
Jacob Blasdel will take the position April 17, succeeding Ian Nicolini, who handled the job for more than two years before leaving the position in November to join the Indy Chamber.
Spot Freight expands downtown headquarters, plans to hire 257
Founded in 2009, Spot Freight Inc. has been one of the area’s fastest-growing companies over the past several years.
Minnesota-based ag company planning Terre Haute turkey hatchery
The $22 million facility will open next year and will employ up to 100 people, the Indiana Economic Development Corp. says.
City seeks clawback of tax incentives from filter-maker GVS
The manufacturer landed the local tax incentives in 2006, then closed its Indianapolis plant in 2015.
Council panel OKs $148K to fund ‘economic recovery coordinator’
The person hired for the position is expected to help workers from Carrier Corp. and Rexnord Corp. who are about to lose their jobs—along with trying to help revitalize old industrial sites.
Downtown tech firm planning to add 20 software developers
The company, which makes custom data-tracking software for its clients, plans to move into a bigger office space in the Stutz Business Center within the next six months.
Japanese manufacturer plans $100M Indiana plant with 200 workers
NTN Corp. and state economic development officials announced Friday that NTN subsidiary NTK Precision Axle Corp. plans to break ground on the 300,000-square-foot facility this spring.
Holcomb seeks $4M to plan next Regional Cities round
The governor is so pleased with the progress of the Regional Cities program implemented last year that he’s seeking more money from the Legislature to advance it.
Development taking off in east-side corridor
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
Startup that helps doctors direct-bill patients plans to add 64 workers
Freedom Healthworks, which expects to serve 12 physician practices with 6,000 patients by the end of the year, is relocating from Nora to downtown and tripling its office space.
Young design firm planning 25-employee expansion
The architectural and interior design firm on Wednesday announced plans to double its office space in the Stutz Business Center.
Korean car parts maker targets Indy for U.S. HQ, 180 hires
Daechang Seat Co. is seeking tax breaks from the city for its plans to invest $16.8 million in a production facility and establish a base of operations in America.
Ganassi Racing seeking tax break for $3.5M expansion
The owner of four IndyCar racing teams says the tax abatement would help offset costs related to a 40,000-square-foot addition the company wants to build at its northwest-side headquarters.