City targets southeast side with new tax abatements

The city on Aug. 9 announcing a new economic development initiative aimed at spurring private investment and job growth on the city's southeast side.

The pilot incentive package targets five vacant parcels in Franklin Township primed for development. To encourage investment and job creation, Indianapolis will offer a 10-year tax abatement up front to developers and businesses that follow through on investing and building on the targeted sites.

The targeted locations:

* Emerson Avenue and County Line Road

* Arlington Avenue and County Line Road

* Troy Avenue and Post Road

* Southeastern Avenue and Franklin Road

* 7455 Company Drive

"Franklin Township, with its qualified work force, easy access to interstates and highways and its prime locations for growth and development, has a lot to offer businesses," Indianapolis Mayor Bart Peterson said in a statement. "By providing a solid, 10-year abatement on the front end, we believe we can spur private investment and ultimately create more jobs in Franklin Township."