INCOG BioPharma has its local economic development incentives in hand as the firm seeks to finalize a location for its new Fishers facility, projected to employ 150 people in 2024 and 260 by 2026. Fishers city spokesperson Ashley Elrod says no land parcel has been finalized as a location for the new enterprise, but the owners are eyeing the area around the Exit 5 office park, east of Interstate 69 near downtown.
The average wage for INCOG workers was set at $83,000 per year, not including benefits and bonuses.
The city is providing a tax incentives for INCOG, allowing 13 years abating property taxes and a two-year abatement of real property tax levies. A waiver of sewer fees is a part of the package.
In other city council actions:
- The Maple Del Development, an apartment community planned just west of the Chatham Tap restaurant on 116th Street, received final approval for the economic development agreement with the city. Several residents of the Charleston Crossing neighborhood near the development complained to council members during the community comment period at the end of the meeting that their neighborhood was not notified of the development and many residents there strongly oppose the plan.
- Final approval was given to the 2021 city budget.
- Changes in the city animal ordinance were given second reading approval. The final vote will come at third reading.
- Council members approved a proposal to refinance bonds to take advantage of lower interest rates.