FINANCIAL_SERVICESAPPROVED

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

The Metropolitan Development Commission adopted Resolution 2026-A-029 granting Prysmian Cables & Systems USA, LLC a seven-year personal property tax abatement for $40 million in new manufacturing equipment at its Indianapolis plant. The incentive supports a broader $100 million expansion that retains 82 jobs and creates 55 new high-wage positions by 2028.

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
$40,000,000.00 personal property investment (part of $100,000,000 total project)
Contract type
FINANCIAL_SERVICES
Contract term
Seven (7) years personal property tax abatement; Specified New Equipment eligible if installed between July 1, 2026 and December 31, 2029, with up to seven years of deductions
Renewal date
2036-12-31
Renewal
ERA designation for specified new equipment terminates December 31, 2029; equipment installed before that date may receive up to seven years of personal property tax deductions. Annual compliance surveys will run through 2035, with potential reductions or clawbacks based on performance.
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 $40,000,000.00 personal 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 $40,000,000.00 personal 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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