Monday, March 04, 2013
Businesses Continue Exit From Indy To Carmel
Downtown Indianapolis loses yet another corporate headquarters to Carmel. Baldwin & Lyons announced today that it will move its current headquarters at 1099 N. Meridian Street to 111 Congressional Blvd. in Carmel. The insurance company plans to add 133 jobs over the next five years to its current Indiana workforce of 350. The Indiana Economic Development Corporation is awarding up to $3.5 million in tax credits if the company fills all the promised new jobs, which works out to $26,315 per job. It will also received $200,000 in training grants. The city of Carmel may offer additional tax incentives to the company, presumably in the form of property tax abatements.