Articles

Rolls-Royce tax-incentives deal set for hearing

A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown’s Faris campus is scheduled for an initial hearing Wednesday.

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Logistics company plans 315 jobs in North Vernon

Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.

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Auto supplier plans to add 100 jobs in Logansport

Federal-Mogul Corp. said it will add the jobs next year as part of a $2.7 million expansion to purchase new machinery and equipment for its 170,000-square-foot manufacturing plant and 15,000-square-foot technical center.

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Cities weigh new law allowing bigger tax breaks

Communities across the state are trying to decide how they will use a new law that provides them more flexibility to employ economic development incentives but could increase pressure to give companies more tax breaks.

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Navistar seeks more tax breaks after old deal failed

The company, which had planned to close its Brookville Road plant, now is set to create 250 new jobs by investing $19 million in new equipment. It previously received $18 million in tax breaks and repaid $5 million to the city.

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Tech firm Slingshot expanding, plans 114 more jobs

Indianapolis-based Slingshot SEO Inc., founded by three friends from Zionsville High School, plans to expand operations in Indianapolis, adding 114 more employees by 2013, economic development executives announced Friday morning.

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