Suburban cities may form regional group to fund transit route
Four cities are considering creating an economic development group to obtain state funding for the first phase of a regional rapid-transit route for all-electric buses.
Economic Development
Articles
IPL to build $25M storage complex in Marion County
The Battery Energy Storage System, or BESS. will be built at the Harding Street Station. The utility received approval for a 10-year tax abatement from the county that will save it more than $3 million on the project.
Noblesville abatements include help for downtown building
Timberline Properties LLC is proposing a seven-year, $35,000 abatement for a project that would renovate 5,800 square feet on the second floor of the Caylor Building into 10 to 12 office suites and a business incubator.
Illinois well services company moving offices to Indiana
Franklin Well Services executives said the company will have about 90 people working at its new headquarters in Vincennes. It is already moving employees and equipment from its current office in Lawrenceville, Illinois.
Technology companies plan local office expansions
Aura IT Consulting Inc. and Return Path Inc. hope to add a total of 50 employees by the end of 2019.
GM plans $1.2B in upgrades for Indiana truck plant
The project announced Tuesday includes new painting facilities, an expanded body shop and improvements to the truck assembly area at the factory near Fort Wayne that has about 3,800 workers.
GM poised to reveal big investment at Fort Wayne-area plant
GM previously said it was considering upgrading the truck assembly plant to build its next generation of pickup trucks. The Allen County Council voted in October to approve a 10-year tax abatement that would save GM more than $15 million on a possible $1 billion investment in equipment and related improvements.
Manufacturer plans major expansion, 131 new jobs
The world’s largest manufacturer of automobile emission-control systems plans to expand its North American headquarters in Columbus, adding 131 workers by the end of 2017, the company announced Wednesday.
Plainfield logistics company to expand at new site
Integrated Distribution Services Inc. plans to consolidate its operations in Plainfield into one huge facility, enabling an expansion that could create 71 new jobs by the end of 2020, the logistics company announced Monday.
IPL plans $25M power-storage facility at Harding Street plant
The utility is seeking a $3.1 million tax incentive that it says will help it retain 791 employees in Marion County.
Sun King’s Fishers brewery could be delayed to 2018
The Fishers City Council might vote on a resolution Monday night that would extend the economic-incentives deal for the proposed destination brewery and tasting room by two years.
State to spend $750K in developing ad campaign to undo harm
Indiana is going to pay a New York public relations firm up to $750,000 to come up with a plan to try to rebuild the state's damaged image after widespread criticism over the Religious Freedom Restoration Act.
State tweaks law to entice $500M Rolls-Royce upgrade
If a tailor-made tax credit is any indication, Rolls-Royce Group plans to spend at least $500 million modernizing its Tibbs Avenue jet-engine factory.
Noblesville OKs $3.7M in incentives for BlueSky
Noblesville Common Council approved spending up to $3.7 million to persuade an e-commerce consulting firm to build a new headquarters near downtown Tuesday night.
Software firm Bloomerang snags free land for HQ move
The donor-management software firm says it plans to spend at least $8 million building a headquarters complex at Fort Harrison, part of an attractive deal that involves free public land and a roughly $300,000 grant.
Rivoli theater renovation would help spur arts hub
A plan to save the 1927 structure is beginning to take shape as part of a larger effort to transform the three-block stretch of East 10th surrounding the Rivoli into a magnet for arts-based organizations.
Pence set to sign bill for regional development program
A new state grant program aimed at encouraging Indiana counties and cities to collaborate on regional development projects is set to be signed into law by Gov. Mike Pence on Wednesday.
Iron ore maker with huge Indiana plant seeks bankruptcy
Magnetation LLC, which operates a massive iron ore pellet plant in Indiana, has filed for bankruptcy. The company announced plans for the Reynolds plant in late 2012, saying it would spend as much as $350 million on the facility and create up to 100 jobs there by the end of this year.
Beverage bottler plans $6.3M local distribution center
American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.
Local environmental firm planning expansion
Locally based Environmental Forensic Investigations Inc. plans to move into a larger headquarters near downtown, doubling its employment to 84 over the next five years.