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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.
Why not free parking and since insurance companies don't pay particularly great money for their rank and file it will be easier and cheaper to get a well trained work force up north. Parking downtown can set back a set back a low paid worker 200 to 300 dollars a month. But don't worry light rail will even the playing field ;)
ReplyDeleteWhat these urban advocate losers fail to realize is that downtowns are unwanted, unneeded, expensive, annoying, difficult to navigate, etc.
ReplyDeleteIndy has pumped billions into its downtown at the expense of every other neighborhood, and people still want to be where parking is easier, traffic moves faster, and there's room to spread out.
For all of Indy's waste of money on downtown, has anyone noticed that there's no commercial building boom down there? All the new developments are residential and small. Cityway would be an embarrassment for downtown Chicago.
Indy's downtown is becoming a student quad for frail things who don't fit in Indiana, who love density and skew hard left and significantly homosexual.
It also hurts Indy's downtown that there's no way to get there from anywhere that matters in the metro. If you're in Carmel, the only way to downtown is via city streets. No, thanks. I'll stay in Carmel. If Indy blew up Keystone and made it an interstate all the way to I-70, it would help.
Baldwin-Lyons will be much happier in Carmel.
"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."
ReplyDeleteThis is wrong. The tossing around of money by our various Governments. The Government picks the winners. It seems so unfair to me that some companies are selected for these special tax treatments, and rest are expected to pay their "normal" taxes. Competitors are placed at a disadvantage.