Food manufacturer plans $110M expansion of local plants
Chicago-based Ingredion, which makes starches, sweeteners, texturants and nutritionals, is seeking city tax incentives to help it pay for major investments in its south-side operations.
Economic Development
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Produce distributor Caito plans $14.7M expansion, 342 jobs
Caito Foods Service Inc. is seeking tax abatements from the city to help offset the cost of building and equipping a major new distribution facility on the city’s east side.
Louisville box-maker plans $6.75M Indy operations center
Premier Packaging LLC has purchased a 160,000-square-foot plant on the northwest side and is in the process of renovating and equipping it. Premier intends to hire about 50 workers by 2016.
State to issue $95M in bonds for Speedway next week
The Indianapolis Motor Speedway is getting upgrades including high-definition video displays, Wi-Fi, and refurbished seats and concession stands.
Indiana counties teaming up to pursue $84M in state grants
Counties around Indiana are starting to form coalitions in an effort to win potentially millions of dollars in new state grants for regional development projects.
Cricket world chirping about Indy’s World Sports Park
Some city taxpayers are still upset that Mayor Greg Ballard paid $5 million to turn Post Road Community Park on the east side into World Sports Park, but cricket players, International Cricket Council members and other cricket insiders couldn’t be more thrilled. So what's next?
Coding academy, consulting firm plans Carmel expansion
Eleven Fifty, the Carmel-based coding academy and consulting firm, has committed to hiring 92 people in exchange for a state incentive package worth more than $1.3 million, Indiana economic development officials announced Tuesday.
Indiana’s lieutenant governor plans 12-day China trip
The office of Lt. Gov. Sue Ellspermann said she'll lead a delegation of 18 people from Indiana agri-businesses and the state's agriculture and rural affairs agencies.
Auto parts maker expanding, hiring in Greencastle
Chiyoda USA Corp. is expanding its Greencastle plant, which company officials said will create 300 jobs by 2017.
Ballard education deputy leaving to head up workforce initiative
Jason Kloth, who has been Mayor Greg Ballard’s deputy mayor for education since 2012, will step down Friday to lead a workforce development effort being launched by the Central Indiana Corporate Partnership.
Southern Indiana county balks at state’s regional initiative
A southern Indiana county council has voted against joining a regional collaborative effort on development projects being pushed by Gov. Mike Pence.
Noblesville foundry plans to ramp up workforce by 400 jobs
Ohio-based company ID Castings LLC previously announced plans to invest $51.4 million to overhaul the former Noblesville Foundry on South Eighth Street, resurrecting a property that has been underused for years.
Governor sees merit to central Indiana reservoir proposal
Gov. Mike Pence said the proposed $450 million project could help the state's long-term water needs and provide a fresh way of attracting investment and people to the Anderson area.
Sealing manufacturer plans $20 million expansion
Manufacturer Freudenberg-NOK Sealing Technologies plans to spend $20 million to expand its plant in Morristown, creating up to 75 jobs by the end of 2019, the company said Thursday morning.
Indiana tries to lure Connecticut firms amid tax controversy
The state of Indiana is suggesting three major Connecticut employers that openly criticized planned tax increases consider moving to the Hoosier State.
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.
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.