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.
Economic Development
Articles
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.
Indy misses out on ag HQ, but will be ‘global business center’
Dow and DuPont said they will base their combined agricultural business in Wilmington, Delaware, but that Indianapolis will play a pivotal role.
Airport delays vote on $500 million medical complex proposal
A vote on a proposal to build a $500 million medical complex at Indianapolis International Airport has been delayed so the board can take another look at the plan. The delay was announced after an IBJ story raised questions about the track record of the executive behind the plan.
Regional Cities funding faces hurdle in Indiana House
The measure is stalled in the Ways and Means Committee, but Speaker Brian Bosma says the governor’s help on a long-term road funding bill could get it moving.
Fishers OKs incentives, property sale for Braden HQ
The Fishers City Council approved selling a downtown parcel to Braden Business Systems Inc. for $5 in addition to nearly $1 million in incentives Monday night.
Stanley lands $2.1M in incentives from Fishers
The company, which makes security devices and systems, plans to construct a three-story, $15.9 million headquarters in Fishers Point Business Park on the corner of Kincaid and Sunlight drives.
New program targets cybercrimes against Indiana youth
State police say the program is necessary due to instances of sexual predators targeting young people online, as well as cyberbullying and radicalization by terrorists.
Officials point fingers on Carrier, UTEC layoffs
Are federal regulations to blame? Gov. Mike Pence says yes. Sen. Joe Donnelly says no. And in a now-viral video, a Carrier official tells employees the move to Mexico makes it cheaper to produce its products.
U.S. retail sales move in opposite direction from stocks
A key question for the economy this year is whether consumer spending can keep growing and offset the impacts of stock market volatility and slowing growth overseas.
Republic plans 469 customer-service jobs in Fishers
Waste management giant Republic Services Inc. plans to spend $13.6 million on a customer resource center in Fishers that could employ as many as 469 workers by the end of 2025, the company announced Thursday afternoon.
Mayor launches task force to assist Carrier workers
The task force will focus immediately on identifying existing resources for workers and developing a “tool kit” to ensure those workers know about their options.
U.S. economic growth slows to crawl in fourth quarter
Much of the weakness last quarter reflected a slowdown in consumer spending, which grew at an annual rate of just 2.2 percent, compared with a 3 percent rate in the previous quarter.
Dental claims processor plans to add more than 150 workers
Renaissance Electronic Services said it will invest $14.9 to expand five existing Indianapolis facilities and a new location in the former Gerdt Furniture store in Southport.
Fund aims to ‘elevate’ tech commercialization statewide
With a new leader at the helm, Elevate Ventures has plotted a course for 2016 that includes forging more partnerships with universities and communities to help entrepreneurs commercialize intellectual property.
Zionsville’s first-ever elected mayor outlines priorities
Tim Haak left his job in economic development to take on the new full-time position, even though it might not last. Now on his plate: Creekside Corporate Park, traffic reconfiguration and the planned $10 million town hall.