From the Indianapolis Business Journal:
Roche Diagnostics Corp. plans to spend $300 million on an
expansion of its Indianapolis headquarters, creating 100 jobs by 2017, the
company said Wednesday.
The city of Indianapolis has offered Roche a $24 million tax abatement, over 10 years, to help offset the cost of a new commercial education center and to do major refurbishments of buildings on its existing campus, as well as to install new equipment in its manufacturing plant, which makes chemical strips for Roche's blood glucose monitors for diabetics.
Construction of the education center, where about 1,500 customers from across the nation will be trained annually, is set to begin this fall.
The overall investment will total $300 million over 10 years. Roche promised to add the jobs to accommodate growth in its strip manufacturing plant as well as in its overall operations.
…
The Indiana Economic Development Corp. offered Roche up to $2 million in performance-based tax credits and up to $300,000 in training grants based on the company's job-creation plans.
The city of Indianapolis has offered Roche a $24 million tax abatement, over 10 years, to help offset the cost of a new commercial education center and to do major refurbishments of buildings on its existing campus, as well as to install new equipment in its manufacturing plant, which makes chemical strips for Roche's blood glucose monitors for diabetics.
Construction of the education center, where about 1,500 customers from across the nation will be trained annually, is set to begin this fall.
The overall investment will total $300 million over 10 years. Roche promised to add the jobs to accommodate growth in its strip manufacturing plant as well as in its overall operations.
…
The Indiana Economic Development Corp. offered Roche up to $2 million in performance-based tax credits and up to $300,000 in training grants based on the company's job-creation plans.
