Marketing firm plans new downtown HQ, to hire 20
Indianapolis-based marketing and advertising firm Matchbook Creative is spending nearly $1 million to establish a larger headquarters downtown and plans to more than double its work force by 2019.
Economic Development
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Virginia-based tech firm to open Midwest office in Fishers
Sterling, Virginia-based Innolance Inc. plans to open an office in Launch Fishers that will employ as many as 31 workers by the end of 2020, the company announced Wednesday.
Tube manufacturer moving HQ to Carmel
Precision Products Group Inc. is set to move its corporate office this month into a 3,402-square-foot space at 10201 N. Illinois St., state economic development officials announced Wednesday.
Indiana governor signs bill eliminating unpopular ISTEP
Indiana Gov. Mike Pence signed the measure into law Tuesday during an assembly at Eagle Elementary School in Zionsville.
Creator of Indiana’s ‘Illinnoyed’ ads goes to work for enemy
Kelly Nicholl, the first marketing director for the Illinois Business and Development Corp., served until recently as vice president for marketing with the Indiana Economic Development Corp.
Indy airport board cancels $500M medical plan; to reopen bidding
The Indianapolis Airport Authority board said it would “leave our options open and continue to search for the optimal project.”
Fishers courts, wins technology businesses
Fishers has become a mecca for tech companies—but it didn’t happen overnight and it didn’t happen by accident.
Airport chair delays vote on medical project, cites Hogsett concerns
Airport authority board Chairman Kelly Flynn sent an email Tuesday evening to other board members, telling them “we need to take a step back” on Athlete’s Business Network’s plan.
Allegion units seek local tax breaks for plant expansions
Two local subsidiaries of Carmel-based security-products company Allegion America are seeking roughly $769,000 in local tax breaks in return for a $13 million expansion that could lead to 158 new jobs in Marion County by 2020.
Celadon eyes Mount Comfort for $20M headquarters
Publicly traded Celadon Group Inc. has had its headquarters at East 33rd Street and Mitthoeffer Road in Indianapolis since 1996. The company is looking elsewhere because that 40-acre site has no room for expansion and is landlocked.
Savvy strategy helped Pence get full Regional Cities funding
IEDC’s decision to leave all three winning regions in limbo about funding meant many more cheerleaders when the issue went to the General Assembly.
Blue Horseshoe planning $3.5M expansion in Carmel
The Carmel-based software firm announced plans Thursday to move into a new headquarters and add 70 highly paid employees over the next five years. Citimark is developing the three-story office building along the North Meridian corridor.
Is Indy holding back its kids?
Each year children spend growing up in the Indianapolis area causes them to fall further and further behind their peers nationally in future earnings potential.
No change on Indiana plant closures after Pence meeting
United Technologies hasn’t changed plans to close two plants with 2,100 workers, but it intends to pay back money it received in incentive agreements and keep about 400 research-and-development and executive jobs in the state.
Clawbacks proposed for companies that flee Indiana
An amendment would create a new financial penalty for companies that leave Indiana to move to foreign countries after they receive state tax breaks.
City to face another hard-to-fill shuttered factory
The only memories of thousands of long-gone manufacturing jobs are the giant, vacant factories left behind when companies bolt—after consolidation, restructuring or in search of cheaper labor.
Indy officials chase nonstop flight to London
Landing the nonstop flight to one of the busiest airports in the world—and a major international hub—would be a boon for Indianapolis International Airport, which is highly rated for its quality but has been criticized by businesses for its lackluster selection of international nonstop destinations.
Security-products firm Allegion plans to add 158 workers
The company plans to spend more than $13 million on the expansion, with most of the new jobs going to a factory on the east side of Indianapolis.
Katz Sapper real estate team lands former IEDC official
Garth Brazelton, former director of the state agency’s operations and business systems, has joined KSM Location Advisors as its chief operating officer.
Developer ups pressure on airport to move ahead on project
Saying it was “gravely disappointed,” the company proposing a $500 million medical complex warned Friday morning that it would “explore other options” while airport officials spend more time examining the deal.