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.
Economic Development
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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.
Trump, Pence praise Carrier for saving Indianapolis jobs
President-elect Donald Trump on Thursday said he wasn’t specifically talking about Carrier when he said on the campaign trail that "Carrier will never leave" America if he was elected president. But it didn’t stop him from trying.
Analysis: Trump uses Carrier, Ford to send message to manufacturers
President-elect Donald Trump is reviving the persuasive art of “jawboning” as he uses the bully pulpit to strong-arm straying manufacturers. But for how long will it be effective, and is it in the long-term best interest of the economy?
Experts: Don’t get too excited about Carrier deal’s broader impact
President-elect Donald Trump’s job-retention deal with Carrier Corp. could have symbolic value, some business and economic experts say, but isn't likely to alter long-term manufacturing trends.
Mutz: State to offer Carrier incentives, but other factors played bigger role
Carrier Corp. was motivated to retain 1,000 manufacturing jobs in Indianapolis by a state incentive package and the possibility of losing a “favorable relationship with federal contractors,” according to a prominent IEDC board member.
Treasury pick Mnuchin predicts tax cuts to double U.S. growth
U.S. Treasury Secretary-nominee Steven Mnuchin outlined an economic agenda aimed at almost doubling the growth rate of the current expansion, saying he will boost jobs by making tax reform his overriding priority.
Massive racing industry expo growing, pondering expansion to Lucas Oil Stadium
The Performance Racing Industry Show has boosted its presence this year to use nearly every square inch of the Indiana Convention Center. As the event approaches the economic impact of Gen Con, organizers are looking for more space to grow.
Toyota Material Handling to hire more workers in Indiana
Toyota Material Handling USA Inc. said it plans to add up to 71 workers by the end of 2019 at its facility in Columbus.
UPDATE: Carrier strikes deal with Trump to keep 1,000 jobs in Indy
President-elect Donald Trump and Vice President-elect Mike Pence plan to be in Indianapolis on Thursday to detail the deal.
Holcomb to lead Indiana delegation to United Kingdom
During the trip, Holcomb will meet with government officials in London as well as potential investors in Indiana's top business sectors, including advanced manufacturing.
New and expanded manufacturing, health centers land in Shelby County
The largely rural county southeast of Indianapolis has recently racked up a string of successes.
Council committee approves expanding downtown TIF
The proposal, which supporters say will spur development in needed areas, still needs the support of the full City-County Council to move forward.