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Council approves incentives for California life‑sciences company relocating to Fishers
Summary
The Fishers City Council approved a package including a 10‑year vacant‑building abatement, a 10‑year personal‑property abatement and related resolutions to support 1 11’s move to a vacant industrial building in Fishers; the company expects to invest millions and hire about 120 employees over 10 years.
The Fishers City Council on Monday approved an economic development agreement and two tax‑abatement measures to support 1 11, a California life‑sciences company relocating its compounding pharmacy and related services to a vacant building in Fishers.
The council voted to approve the economic development agreement (item 11), to adopt a declaratory resolution beginning the vacant‑building tax‑abatement process (item 12) and to approve the company’s statement of benefits (item 14). Council members recorded aye votes during roll…
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