Articles

Newegg lands incentives from state for distribution center

Online electronics retailer Newegg Inc., which reached an inducement deal with the city in September to open a distribution center in Indianapolis, has landed even more incentives from the state, the Indiana Economic Development Corp. announced Wednesday.

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Pacers land IEDC as court sponsor

The Indiana Pacers have brokered a deal with an unusual sponsor—the Indiana Economic Development Corp.—to become the first of 30 National Basketball Association teams to sell courtside ads emblazoned on the hardwood.

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City votes to end tax break for tech staffing firm

The Metropolitan Development Commission voted Wednesday to cancel a tax abatement for Indianapolis-based tech staffing firm BCForward, since it didn’t hit job-creation targets laid out in a 2009 economic development agreement.

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Local auto services firm plans to add 20 jobs

Express Motor Vehicle Administration Corp., a provider of managed services for auto dealers, insurance companies, corporations and financial institutions, said it will create the jobs by 2015 as part of a $700,000 expansion.

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