Noblesville Economic Development Commission - 8/14/25

The City of Noblesville Economic Development Commission held a meeting on August 14, 2025, during which they discussed and approved Resolution 2026-01 related to the BioLife Solutions project. This project involves the relocation of BioLife Solutions, a supplier in the gene and cell therapy market, to an existing shell building at the northern end of the development area. The company plans to invest approximately $16 million in building improvements, including mechanical, electrical, and plumbing upgrades exceeding $1 million. The financing includes taxable economic development revenue bonds, with loan forgiveness contingent upon meeting milestones such as retaining or creating 30 full-time jobs with an average salary of $85,000 by January 1, 2029, and completing capital investments by December 31, 2028. The project is funded through the Noblesville consolidated TIF, with expectations that TIF revenues will exceed the investment. The commission voted to close the public hearing and approved the resolution and project report, authorizing the president to approve meeting minutes as well.