E-commerce firm investing $4.75M to open 75-worker Plainfield fulfillment center
VMInnovations will distribute everything from electronics to baby products from a 160,000-square-foot building it is renovating at 2812 Airwest Blvd.
Economic Development
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FedEx planning $170 million in improvements at airport hub
According to a tax-abatement application with the city, FedEx plans to install $170 million in new package-sorting equipment, while adding 27 full-time jobs and 178 part-time jobs. It would also retain 728 full-time and about 3,200 part-time workers.
Food producer relocates to southern Indiana from Illinois
Enjoy Life Foods said Thursday it plans to create 200 new jobs in Jeffersonville by the end of 2017. It already has hired 100 employees there.
Is free trade political rhetoric in step with reality?
Experts say the impacts of free trade agreements, such as NAFTA, have been a mixed bag.
State offered $24M in incentives to companies offshoring jobs
Since Indiana Gov. Mike Pence took office in 2013, the state’s economic development agency has approved $24 million in potential incentives to 10 companies that sent work to foreign countries, according to a newspaper report.
Indiana names 14 ‘Companies to Watch’
Companies to Watch recognizes high-performing, second-stage businesses that are developing innovative products and business practices.
Lebanon seeks to be food-sector hot spot
Conveniently located just west of Interstate 65 between State Road 32 and State Road 39, the 1,250-acre Lebanon Business Park is already home to several large food manufacturers.
Trucking giant pegs Whitestown for parts distribution center, 45 hires
A company that sold more than 160,000 trucks last year intends to spend $12.35 million to lease and equip a 283,500-square-foot facility for sending parts across the Midwest.
Ken’s Foods plans $90M plant, 150 jobs in Lebanon
The company will locate in the Lebanon Business Park and pay salaries “well above $20 per hour,” an economic development official said.
Geofeedia cuts Indy marketing operations in reorganization, loses local leader
The Chicago-based tech firm, which planned to hire hundreds in Indianapolis and considered moving its headquarters here, has streamlined local operations. Meanwhile, top local exec R.J. Talyor has parted ways with the company.
State economic development agency names innovation chief
Ian Steff will be responsible for overseeing IEDC strategies as part of Gov. Mike Pence’s $1 billion initiative to advance innovation and entrepreneurship in the state.
Citimark planning $33M office campus near downtown Fishers
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
Hogsett vows ‘discernible progress’ on tackling urban blight
Mayor Joe Hogsett pledged to use federal Hardest Hit Funds, which the city announced with great fanfare in September 2014, to demolish about 336 properties by the end of 2017.
Business groups see ‘home run’ with Trump’s lower corporate tax
Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.
City to consider forcing sale of parcels for new east-side library
Negotiations with property owners to buy a few parcels of land in the Martindale-Brightwood neighborhood appears to have stalled. City-County Council members this week will discuss exercising eminent domain.
Salesforce poised to receive city tax break on tower expansion
Salesforce would save about $3 million on the tax exemption, if the City-County Council designates a downtown office tower as a high-tech. The tax break would come on top of major incentives deal already promised by the state.
Mobi Wireless considers 500-employee expansion at Zionsville HQ
Mobi Wireless Management LLC, which sells cloud-based software that helps companies manage mobile devices, currently has about 310 employees at 6100 W. 96th St. in Northwest Tech Park.
County council terminates tax-break deal for EnerDel
The once-heralded battery maker with big plans ceased operations in Hancock County last year and doesn’t plan to resurrect them.
County council to decide fate of EnerDel tax break
Hancock County officials are set to terminate a tax incentive agreement with EnerDel Inc., the once-heralded battery maker with big plans that since has vacated its facility in the county.
Canadian bakery makes Brownsburg its U.S. headquarters
Weston Foods is investing $1.6 million to renovate its 20,000-square-foot production facility in Brownsburg for its subsidiary Maplehurst Bakeries LLC. It plans to add 15 jobs.