Local companies plan to add nearly 50 more workers
Two Indianapolis-based companies have reached incentive agreements with the state's economic development agency to create nearly 50 jobs in total over the next four to five years.
Economic Development
Articles
Lawmakers slash funding for economic development plan
The Regional Cities initiative, an economic development proposal focused on Indiana’s struggling metropolitan areas, will come before the Senate with less than a quarter of the funding proposed by Gov. Mike Pence.
Council again delays decision on Angie’s List incentives
The Indianapolis City-County Council on Monday night tabled a decision on whether to issue $18.5 million in bonds to support the expansion of Angie's List’s east-side headquarters.
Stairmaker moving to Indiana with 180 jobs
American Stair Corp. plans to invest $2.9 million to purchase, renovate and equip a 60,000-square-foot plant. State officials are offering $1.7 million in tax incentives.
Lubricant company to boost production, hire 25
Lebanon-based D-A Lubricant Inc. on Tuesday announced plans to expand local operations as it relocates production of a Pennsylvania company it acquired last year.
City-County Council panel OKs incentives deal for Angie’s List
An Indianapolis City-County Council committee approved a proposal Monday night calling for the city to issue $18.5 million in bonds to support the expansion of Angie's List Inc.'s east-side headquarters.
Pence seeks $86M fund to enhance quality of life
Gov. Mike Pence wants to create an $85.6 million fund to help metro areas improve their quality of life, a new kind of economic development strategy for a state that historically plays up low taxes and highway access.
Health care IT firm plans to add 43 employees
Stratice Healthcare LLC, which sells an electronic ordering platform for medical supplies, landed an incentives agreement with the state to increase employment at its Carmel headquarters.
Local data-analysis startup plans to add nearly 50 workers
Perscio LLC announced Tuesday that it hopes to add 48 full-time employees making an average wage of $43 per hour by the end of 2019.
Pork purveyor to build $43.5M facility, hire 260
John Morrell Food Group, one of the oldest meat manufacturing firms in the nation, plans to build and equip a massive refrigerated distribution center just east of Indianapolis.
Fastenal plans local manufacturing site, 97 new jobs
The company is seeking a property-tax abatement from the city worth an estimated $263,444 to make the plan possible.
Label manufacturer pledges 154 jobs, $13M investment
Multi-Color Corp. announced Friday that it's expanding operations its 120,500 square-foot manufacturing plant in Scottsburg.
Indiana city advances $7M bond for Pillsbury plant
New Albany's city council voted 5-2 on Tuesday in favor of a nonbinding resolution to offer General Mills financial incentives to keep its refrigerated baked goods plant open. The plant has about 400 well-paid employees.
Council panel tables Angie’s List request until next month
A decision on whether to provide more than $18 million in city incentives to consumer review service Angie's List was delayed Monday night by a City-County Council committee.
Indiana city to consider $7M in incentives to keep plant open
General Mills announced earlier this month it planned to close its refrigerated goods plant that employs 400 by mid-2016.
Indiana promotion ad to air in New York during Colts game
Indiana's business recruitment agency will use the Indianapolis Colts' appearance in the American Football Conference championship game to promote the state among New York City viewers.
Scale Computing preps to launch large expansion
Information technology firm Scale Computing Inc. has been raising money at a clip similar to other prominent local tech companies in their early days and is gearing up to increase its workforce by a factor of five.
Two Italian firms to start operations in Indy area
Sirmax and OMR Automotive, both suppliers to the automotive industry, plan to build plants in Speedway and Anderson and together could create up to 110 jobs over the next several years.
Pence traveling to Detroit for meetings at auto show
The governor has meetings planned with General Motors CEO Mary Barra and executives of other companies, including Honda, Subaru, Fiat Chrysler, and Toyota.
Indy likely to prepare bid for college football championship
With the 2018 Super Bowl off the table, the path is clear for Indy to pursue college football’s biggest game. It could score the region an $85 million payday. There’s also a cost.