City Incentives Could Sweeten Expansion Plans
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThree companies in Indianapolis are seeking preliminary tax abatement approval Wednesday on expansions affecting around 250 current and future workers. The projects represent a combined $11 million in investment. Environmental Forensic Investigations Inc. is the only one of three looking to add jobs. The nearly $1 million investment would help double the environmental engineering firm's current work force of 42. If approved, the Metropolitan Development Commission would hold a final public hearing on the matter May 20.
Dr. Pepper Snapple Group Inc. subsidiary The American Bottling Co. intends to pump $6.3 million into new equipment and retention of nearly 130 full-time workers.
Michigan-based Harvard Drug Group LLC intends to invest $3.5 million into an expansion that would also retain 40 employees.
Source: The City of Indianapolis