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.
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.
A Cook County steel plant is laying the groundwork to relocate to Gary, Ind., after winning the Gary Redevelopment Commission’s go-ahead this week for a 25-acre purchase of industrial land.
The move by Alliance Steel Corp. prompted observers of Illinois’ business climate to say it reflects a continuing out-migration of Illinois businesses looking to escape high taxes, bad public policies and a looming pension crisis. The company expects to employ about 100 people at its planned 250,000-square-foot plant in Gary.
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.
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.
Indianapolis Indiana Secretary of Commerce Victor Smith and Hobart Mayor Brian K. Snedecor joined executives of NB Coatings, a Japan-owned manufacturer of automotive coatings for plastics, today as the company broke ground on its new northwest Indiana facility, creating up to 22 new jobs by 2018. Among all U.S. states, Indiana has the largest amount of Japanese investment per capita with more than 250 Japan-based businesses operating in Indiana today, said Governor Mike Pence. As a state, we’ve made it a top priority to establish a pro-growth business environment that is attracting job creation from across the globe, and today Im proud to welcome yet another international business to the Hoosier state.
Source: Illinois-Based Manufacturer Expanding in Lake County – 6/28/2016 – IN.GOV
Wal-Mart will save more than $10.7 million in property taxes over 10 years on its new $165 million mile processing plant thanks to Allen County Council — a facility that will create substantially more jobs than originally announced.
Read More… Wal-Mart milk plant gets $10.7 million tax breaks, ups job estimate – Local – News-Sentinel.com
Two technology-related companies will spend a total of $3.5 million to expand their Hamilton County operations and create about 125 new jobs over the next four years, state officials said Tuesday.
Warsaw-based Winona PVD Coatings LLC says a previously-announced production capacity expansion will result in up to 50 new jobs by the end of the year. The company plans to invest more than $10 million to add a production line at its Kosciusko County facilities.
The City of New Albany, Indiana, and Flaherty & Collins Properties began construction on The Breakwater apartment project in December. The Breakwater is a $26.5 million luxury residential apartment development at the former Coyle Chevrolet property in downtown New Albany, Indiana