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.
Economic Development
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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.
Aircraft repair firm opens facility near airport
AeroRepair Corp., a Londonderry, New Hampshire-based aircraft maintenance service provider, is set to receive incentives from the state in return for creating 27 jobs in Indianapolis.
Indiana fertilizer plant not seeking state incentives
A Pakistani-backed company planning to build a $2.6 billion fertilizer plant in southwestern Indiana announced Thursday it has withdrawn its request for state economic incentives.
Westfield’s next big bet: $25M downtown plaza
Westfield city leaders are making downtown a priority in 2015, aiming to start work on an urban park with a festival plaza and outdoor stage.
Indiana, U.S., shut out of new auto assembly plants
Every plant announced for North America since 2009 has gone to Mexico. The upshot is not only few assembly jobs, but fewer jobs and businesses that feed off of the massive operations.
Former city chief of staff takes IEDC position
Chris Cotterill, a former chief of staff to Indianapolis Mayor Greg Ballard, has joined the Indiana Economic Development Corp. as general counsel, the IEDC announced Monday.
Pence talks Israeli security with prime minister
The Indiana governor told Benjamin Netanyahu that he expected Congress to back Israel negotiating to “achieve defenseable borders and secure its own peace and security in the years ahead.”
Pence begins economic development part of Israel trip
The governor will meet Monday with Prime Minister Benjamin Netanyahu and Israeli Minister of Economy Naftali Bennett to discuss economic relations between Indiana and Israel.
Auto parts plant preps for $11M investment
The Seymour City Council this week approved a 10-year phase-in of property taxes for the investment by Valeo at its automobile lighting factory with about 1,600 workers.
Conner Insurance to invest $1M, add up to 23 workers
The expansion at Keystone at the Crossing would nearly double the insurance brokerage firm's Indiana workforce to 49.
Reservoir or riverside trail system: Which is best for Madison County?
Economic development officials are advancing a plan to dam the White River in Anderson and create a seven-mile lake, but environmental groups are pushing the idea of a riverside trail as an alternative with equal promise but less expense and environmental destruction.
Sixteen firms promise Indiana expansions, 2,100-plus jobs
Nine of the 16 firms who announced their plans with state officials Thursday expect to boost operations and employment in the Indianapolis area, forecasting 933 jobs.
Drug delivery firm plans distribution center, 46 jobs
Simple Meds LLC, an Indianapolis-based startup, is seeking a city tax break that will help it open a local distribution facility and hire up to 46 people by the end of 2020.
Cummins would save $4.3M with distribution HQ tax break
Approval of the deal is essentially guaranteed, as Cummins and Indianapolis officials together have heralded the downtown project and its potential economic benefit.
Pence plans trade trip to Israel during holidays
Indiana Gov. Mike Pence plans to travel to Israel this month on a nine-day cultural and economic development trip, the state announced Tuesday.