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.”
Economic Development
Articles
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.
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.