IEDC: Mexico move to save Carrier’s parent firm $65M per year
That’s less than 1 percent of United Technologies Corp.’s annual revenue in the heating and air conditioning section of its business, according to the Indiana Economic Development Corp.
Tax Abatements
Articles
Clawbacks proposed for companies that flee Indiana
An amendment would create a new financial penalty for companies that leave Indiana to move to foreign countries after they receive state tax breaks.
Republic plans 469 customer-service jobs in Fishers
Waste management giant Republic Services Inc. plans to spend $13.6 million on a customer resource center in Fishers that could employ as many as 469 workers by the end of 2025, the company announced Thursday afternoon.
Anderson auto-parts plant lands $5M in state incentives
NTN Driveshaft Inc. has been offered $5 million in state incentives to build an $87 million plant in Anderson that is expected to employ more than 500 people, state officials announced Tuesday.
Aluminum extrusion plant plans $8.5M expansion
Alexandria Extrusion MidAmerica LLC is planning an expansion at the aging Indianapolis plant it bought in 2012, helping it create 30 jobs and retain 60 workers.
Warehousing firm plans $11.7M expansion near downtown
Merchandise Warehouse Co. Inc. is planning an expansion and renovation of its warehouse facilities just south of downtown, allowing it to add 65 employees over the next five years.
Logistics firm planning $14M south-side distribution center
Two local subsidiaries of Miami-based Venture Logistics LLC want to build the 400,000-square-foot facility on a 46-acre site at West Hanna Avenue and Division Street, near South Harding Street.
Safety label company plans $2.1M headquarters in Westfield
DuraMark Technologies Inc. hopes to hire 18 more employees to work in a new 18,000-square-foot office and production facility just south of 169th Street and west of U.S. 31.
Brewery proposed for $4.8M project in downtown Fishers
City officials are considering incentives for the two-story project, which would feature a restaurant and brewery on the first floor and office space for lease on the second level.
Illinois company to expand into Indiana, create 500 jobs
Hoist Liftruck Mfg. Inc., which is based in the Chicago suburb of Bedford Park, plans to spend more than $40 million to set up manufacturing operations in East Chicago.
Republic Airways planning training center south of airport
The $3.85 million project would allow the regional carrier to train as many as 5,000 employees per year.
Hurco plans to add manufacturing workers at local HQ
Hurco Cos. Inc. plans to move some of its manufacturing operations from Italy to Indianapolis, creating 35 local jobs by the end of 2017, the company disclosed in a tax-abatement request with the city.
Packaging company seeks tax breaks for local plant
A Louisville-based manufacturer of corrugated boxes and other packing supplies is seeking a tax abatement from the city to help it open a local plant and distribution center that would hire 60 workers over the next two years.
Local machining firm seeks tax break for $8.5M expansion
Aerodyn Engineering Inc. plans to spend $8.5 million to expand its headquarters at 1919 South Girls School Road and add 20 employees by the end of 2019.
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.
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.
Beverage bottler plans $6.3M local distribution center
American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.
Local environmental firm planning expansion
Locally based Environmental Forensic Investigations Inc. plans to move into a larger headquarters near downtown, doubling its employment to 84 over the next five years.
Peerless Pump discussing major expansion with city
Peerless Pump Co. is in line to receive a pair of tax abatements from the city after the manufacturer spent more than $18.7 million to improve its Indianapolis plant. The deals could pave the way for an even larger expansion.
Turbine maker to pay up after missing hiring goal
An Italian wind-turbine maker is expected to pay a central Indiana county $375,000 for failing to meet a goal of hiring 200 workers by the end of 2014.