Tax breaks for some significant industrial and commercial investments in Terre Haute are making their way through the approval process. The procedure requires two votes by the City Council, the mayor’s signature and action by the city’s Board of Public Works and Safety.
The public works board signed off Tuesday on property tax abatements totaling $4.4 million on $48 million in investments that businesses say will create or retain 158 jobs with annual payrolls totaling $8.2 million. Salaries would range from $42,567 to $75,000.
ANDERSON — Construction work has started to convert the former Carter Lumber property into the new headquarters of ALA Trucking.
Work has started on the site, 5625 Dr. Martin Luther King Jr. Blvd., to convert the former lumber yard into a headquarters, warehouse, truck service center and parts store.
A trucking company moving from Illinois to Indiana is the latest of dozens of companies that have made that switch in recent years.
It’s a boon to struggling northwest Indiana economies that Indiana officials say is thanks to their state’s business-friendly tax and regulatory structure.
MUNCIE, Ind. — A developer is securing income tax credits to help build 71 apartment units in an abandoned auto factory/trade school and on barren land formerly occupied by a Chevrolet plant.
Greenwood officials and a developer say a tax break for the proposed Greenwood Iceplex is necessary, but some residents are questioning if the city is acting outside the boundaries of state law.
Minor-league hockey team Indy Fuel owners Jim and Sean Hallett have proposed the Greenwood Iceplex with up to four ice rinks to be built on 6 acres at Freedom Park. They have requested a five-year, $450,000 property tax break, and the city has also offered to lease the land for $1 a month for 60 years.
ANDERSON – A sister company to NTN Driveshaft will make a $98 million investment in Anderson that will bring 198 jobs to the city.
Anderson city officials will announce this morning that NTK Precision Axel Corp. will build a 300,000 square foot facility to the west of the NTN Driveshaft building near 73rd Street and Layton Road.
NTK hopes to start production at the Anderson facility in October 2018. The last of the 198 jobs are expected to be created by 2021.
Greenwood’s mayor unveiled plans Monday to invest $30 million into transforming the city’s sleepy downtown into an urban oasis.
New shops, restaurants, parks and apartments will bring a cool factor to the historic downtown corridor near Main Street and Madison Avenue, said Mayor Mark Myers, who released details during a 2 p.m. news conference at the Greenwood City Center.
Rehabilitation and stabilization of a historic building in the heart of Crothersville are completed.
Now, the two-story brick structure at the corner of Howard and Armstrong streets is on the market.
In May 2014, Interactive Intelligence Group CEO Don Brown held a press conference at the firm’s northwest Indianapolis headquarters, announcing plans to construct a new building and hire 430 workers by the end of 2016.
ANDERSON – The owners of Raceway Industrial Park in Anderson have acquired a nearby property from the RACER Trust. The nearly 15-acre tract previously served as parking for the old General Motors facilities. Tower Anderson LLC says the property will be used to expand the park’s parking and storage capacity.