FINANCIAL_SERVICESAPPROVED

City of Indianapolis Awards Financial Services Contract to Prysmian Cables & Systems Usa Llc (July 2026)

The Metropolitan Development Commission approved Resolution 2026-A-028 granting Prysmian Cables & Systems USA, LLC a seven-year real property tax abatement for a $60 million investment at 7950 Rockville Road. The project supports a $100 million expansion, retains 82 jobs, creates 55 new positions, and dedicates 5% of tax savings to nearby infrastructure improvements.

Status
APPROVED
Document date
July 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Prysmian Cables & Systems Usa Llc
Agency
City of Indianapolis · IN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$60,000,000.00 real property investment (part of $100,000,000 total project)
Contract type
FINANCIAL_SERVICES
Contract term
Seven (7) years real property tax abatement; ERA designation terminates three (3) years after final resolution or December 31, 2029, with abatement benefits over seven years
Renewal date
2036-12-31
Renewal
ERA designation terminates three years after final resolution or December 31, 2029; abatement benefits run for seven years on qualifying real property improvements completed within that window. DMD will monitor compliance annually through 2035 and may reduce or rescind benefits for non-compliance.
Document type
AgendaPacket
Source document
Metropolitan Development Commission Agenda Packet 2026-07-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Indianapolis?

Prysmian Cables & Systems Usa Llc was awarded this financial services contract by City of Indianapolis, as recorded on July 1, 2026. The contract value is $60,000,000.00 real property investment (part of $100,000,000 total project).

How much is the Prysmian Cables & Systems Usa Llc contract with City of Indianapolis worth?

The Prysmian Cables & Systems Usa Llc contract with City of Indianapolis is valued at $60,000,000.00 real property investment (part of $100,000,000 total project), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Metropolitan Development Commission Agenda Packet 2026-07-01 (AgendaPacket), dated July 1, 2026 from City of Indianapolis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Prysmian Cables & Systems Usa Llc hold?

Prysmian Cables & Systems Usa Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Indianapolis currently buying?

Explore City of Indianapolis's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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