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.
Tax Abatements
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Greenwood manufacturer plans expansion, move to Indy
A Greenwood firm that manufactures wireless monitoring and control devices plans to move operations into an abandoned plant on the south side of downtown Indianapolis, allowing it to expand and add 25 workers before the end of the decade.
Raytheon reaches $5.4 million incentive deal with state
The defense and aerospace contractor plans to add another 249 workers to its existing work force of 912 in Indianapolis by the end of 2020. It also plans to invest about $26 million on the local expansion.
Pork purveyor to build $43.5M facility, hire 260
John Morrell Food Group, one of the oldest meat manufacturing firms in the nation, plans to build and equip a massive refrigerated distribution center just east of Indianapolis.
Fastenal plans local manufacturing site, 97 new jobs
The company is seeking a property-tax abatement from the city worth an estimated $263,444 to make the plan possible.
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.
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.
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.
Angie’s List agrees to pay if jobs promise falls short
If Angie’s List fails to live up to promises fueling a taxpayer-subsidized headquarters expansion, the company will pay an undetermined amount into an escrow account for the city’s benefit.
Biotech firm Algaeon switches gears, stays in Indy
After planning a move to Westfield, Algaeon Inc. has instead leased new space in Indianapolis for a research and production facility. Planning 25 hires, it is seeking a tax break from the city on $4.9 million in new equipment.
MacAllister seeks $2.7M tax break from city on HQ project
The Indianapolis-based distributor of Caterpillar equipment is planning a 300,000-square-foot campus on the southeast side and 70 hires over five years.
Developer seeks tax break for downtown hotel project
Developers planning a new Home2 Suites by Hilton in downtown Indianapolis are asking the city for a property-tax break on the project that could save them more than $650,000.
Fishing lure maker plans Indiana expansion
LureCraft Fisherman's Shop Inc. said the expansion will triple its current space in LaGrange and allow it to add 91 workers before the end of 2017.
Harlan Bakeries plans $13M expansion in Avon
The company, one of Hendricks County’s largest employers, said the expansion will help it retain 700 workers at its flagship plant
Lowe’s seeks $500K tax break from city on customer center
The home-improvement retail giant plans to hire 1,000 workers for the center at Intech Park on the northwest side. The jobs would pay an average hourly wage of about $16.
Real estate company proposing $26 million development
Becknell Industrial LLC has proposed a $26 million, three-building development on the northwest side of Indianapolis that would be ready for tenants by early 2015.
Cardinal Health unit seeks tax breaks for local drug facility
A subsidiary of Dublin, Ohio-based Cardinal Health Inc. is seeking tax breaks from the city of Indianapolis to help it open a $14.4 million local drug-production facility that would employ 85 workers by 2017.
Jarden Corp. unit plans HQ in Fishers
A subsidiary of the consumer products giant behind Ball jars, Yankee Candles, Crock-Pots and Coleman tents plans to spend nearly $22 million to open a regional headquarters and distribution center in Fishers that could employ nearly 300.
Greensburg factory to invest $28M, add 250 workers
Workers will be hired as global firm Valeo buys new equipment for its 400,000-square-foot engine cooling factory to start new product lines for Honda, Nissan, Chrysler and Ford.