The Fishers City Council approved economic development packages to bring two new corporate headquarters to the city.  Stanley Security and Braden Business Systems.  Both should have their Fishers operations up and running in 2017.  Both were announced during Mayor Scott Fadness’ State of the City address last week.

The council approved Stanley Security’s 10-year tax abatement, saving the company $1.8 million, and $328,000 in waived fees.

Braden Business Systems will receive about $769,000 over the next five years, with $230,000 in waived fees.

Next month, council members will consider a deal for Republic Services, which will give that company $123,909 in tax breaks over the next 10 years.

The Braden and Republic packages include state assistance.

Former Fishers Town Council member Mike Colby asked the council what clawback provisions are in the incentive packages  (clawback provisions require companies to pay back incentives under certain conditions). Mayor Scott Fadness said there are clawback provisions in these programs.

Councilman Pete Peterson said that as far as economic development is concerned, “We are the envy of the State of Indiana now.”