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Fishers council approves tax abatement and $1M stormwater grant for INCOG Biopharma expansion
Summary
The Fishers City Council on Dec. 15 approved a 10-year, 100% real property tax abatement and authorized a $1,000,000 stormwater grant to support INCOG Biopharma’s third-phase expansion — an $80 million investment projected to add about 350 jobs at the Fishers facility. The grant would be routed through the Town Hall Building Corporation to facilitate additional parking. (Corey Lewis; Megan Baumgartner)
Fishers City Council voted Dec. 15 to back INCOG Biopharma’s next expansion by approving a 10-year, 100% real property tax abatement and authorizing a $1,000,000 stormwater grant to support the company’s planned parking improvements.
Megan Baumgartner, director of community and economic development, told the council the company’s third phase represents an additional $80,000,000 in local investment and about 350 new jobs. She said the property tax abatement would be for 10 years at 100% and that the stormwater…
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