I recall interviewing Fishers Mayor Scott Fadness as 2020 was beginning.  Of course, neither of us could envision the challenges of the COVID-19 virus at that time.  But the mayor seemed to indicate 2020 would be a quiet year on the local economic development front.

After all, the massive development reshaping downtown Fishers was well underway and would be under construction during 2020.  The Nickel Plate Trail and the underground tunnel beneath 116th Street was moving along.  The Geist Waterfront Park continues to acquire the needed permits and move through other legal hoops as that plan moves along.

I thought in the back of my mind that Scott Fadness was not likely to stay in place for long.  Thursday morning, that hunch was confirmed.

INCOG BioPharma Services will be constructing a manufacturing facility in Fishers.  By 2024, 150 new jobs will be part of the operation, and will be “high-wage,” according to a news release from the State of Indiana and the City of Fishers.  The biopharmaceutical firm plans a $60 million investment in the Fishers project.  Ground breaking is expected late this year, with an opening date projected for the first half of 2022.

The Indiana Economic Development Corporation (IEDC) is offering INCOG BioPharma Services up to $2.5 million in conditional tax credits based on its creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The IEDC will also provide up to $200,000 from the Industrial Development Grant Fund to support on-site infrastructure improvements. The city of Fishers will consider additional incentives at Monday night’s city council session, and Duke Energy incentives will offset a portion of the project’s energy costs.

Greg Andrews of the Indianapolis Business Journal reports the the two founders of INCOG, Cory Lewis and Tedd Green, are ex-executives for the Cook Group in Bloomington.