Two months after crediting Republican tax cuts with fueling new investment in Indianapolis, FedEx has canceled a plan to build a large new project in Greenwood, Ind.

UPS Inc. is planning a massive expansion in Plainfield, Ind., to keep pace with surging growth in e-commerce.

As Indiana's unemployment rate has sunk to 4.5%, companies are offering incentives and wages well above minimum wage to compete for a shrinking pool of candidates.