Indy Eleven takes big gamble with stadium finance plan
By asking for tax money to help finance an $87 million, 18,500-seat venue, soccer team owner Ersal Ozdemir is gambling with one of his franchise's most valuable assets.
Economic Development
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Education group plans local expansion, 30 jobs
Project Lead the Way Inc., a not-for-profit education group that moved its headquarters from New York to Indianapolis in late 2011, plans to spend $1.7 million to expand its headquarters at The Precedent Office Park.
Bill would create one-stop website for business owners
The bill specifies that the secretary of state’s office, and the departments of workforce development and revenue work together to develop and maintain the website.
IMF raises outlook for global, U.S. economies
The International Monetary Fund is slightly more optimistic about the global and U.S. economies this year than it was three months ago.
Upstart developer battles nursing home establishment
Mainstreet Property Group CEO Zeke Turner, the son of Republican state Rep. Eric Turner, is fighting a bill that would halt construction of nursing homes in Indiana.
Software firm seeks tax breaks for HQ move, expansion
The Consultants Consortium Inc., which does business as TCC Software Solutions, said it plans to spend about $1.3 million to renovate two buildings on a 3.6-acre property at the northeast corner of Winthrop Avenue and East 52nd Street.
Governor backs alternative business tax cut
Indiana Gov. Mike Pence threw his support behind House Republicans’ watered-down business tax proposal Tuesday amid outcry from local leaders over the potential to damage their already cash-strapped budgets.
Zionsville still must finalize deal for Hat World’s HQ
The deal to move the retailer’s corporate center from Marion to Boone counties dates back to May, when town officials closed on a $3 million land deal that they hoped would attract new development.
Berry Plastics to spend $31M on expansion, hire 336 workers
The Evansville-based manufacturing giant intends to consolidate some operations from out of state into existing Indiana facilities.
Hat World plans include new HQ, hiring 758 workers
The Indy-based retailer that operates nationally as Lids plans to build a 150,000-square-foot headquarters in Zionsville, beef up local distribution operations, and go on a major hiring spree.
Lids parent plans ‘major’ jobs announcement
The Governor's office said it plans to make "a major economic development announcement" Friday morning "regarding hundreds of new jobs for Hoosiers" at the headquarters of Hat World Inc. in Indianapolis.
Fishers weighing deal to land high-potential startup
A Colorado-based startup is poised to move its headquarters to Fishers, where it plans to open a lighting-production facility in the former Diamond Foods plant on Exit 5 Parkway near Interstate 69.
Union vote to keep Boeing plant out of Indiana, other states
Production workers for the aerospace giant voted narrowly to accept benefit cuts in order to assure the plant would be built in the Seattle area.
Ex-Star reporter lands Carmel consulting deal
Carmel reporter Dan McFeely quit the layoff-prone Indianapolis Star in November to become a consultant to Carmel’s Department of Economic Development. Records show the deal could be lucrative for the 15-year Star veteran, with the potential to earn up to $99,000 a year.
State lags city with science, tech jobs
Careers in science, technology, engineering and math—typically referred to as STEM fields—have surged in growth compared to other careers in Marion and Hamilton counties. But the rest of Indiana has barely budged from the early 2000s.
Movie shot in Indiana headed for theaters
Indiana isn’t exactly one of Hollywood’s top locations for filming, but the state landed an upcoming film despite its lack of filmmaker incentives or exotic scenery.
Investment manager sees good growth prospects for 2014
Tom Pence predicts change for U.S. manufacturing.
Panel’s use of TIF funds spurs new flap in Carmel
The cash-strapped Carmel Redevelopment Commission is revising its 2014 budget to account for the loss of a six-figure income stream critics say it was not entitled to use in the first place.
Report: Ditching business property tax shifts burden to others
Gov. Mike Pence’s plan to eliminate the tax on business equipment would mean significantly higher taxes for other property owners if the state took no specific action to protect them, according to a new analysis.
T-shirt printer plans 105 jobs in Lawrence
ooShirts said it will invest $1.2 million to equip a 26,000-square-foot building that will house more than 25 automatic and manual presses.