Stonegate Mortgage raising new round of funding
Fast-growing Indianapolis company is pushing to fill a vacuum in the housing market.
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Ambrose snags large industrial deal
Ambrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution center for Gordmans Inc.
Greensburg auto-parts plant plans expansion, 200-plus hires
Automotive supplier Valeo expects to invest $15.5 million in new machinery for its Greensburg facility as part of its plans to expand operations in the plant and bring more than 200 workers onto the company payroll by 2014.
Local tool supplier plans to expand, add 20 jobs
Indianapolis-based Hahn Systems LLC said it will add 20 jobs by 2016 as part of a $900,000 expansion that includes purchasing and equipping a 27,000-square-foot facility.
Carmel tech consultant plans expansion, 36 jobs
Allegient LLC said it will add the jobs by 2017 and expand its Carmel headquarters by 4,000 square feet.
New Celadon CEO sharpening management
New Celadon Group CEO Paul Will wants to increase productivity at the trucking firm, not just through more sophisticated customer-relationship and tracking software, but also by improving the acumen of the company’s nearly 4,000 employees.
Retailer plans 250-worker Hendricks County warehouse
Gordmans, an apparel and home decor retailer, said it will spend $37.5 million to construct and equip a 545,000-square-foot distribution center in Clayton.
Celadon receives incentives for $5.2M driving training center
The Indianapolis-based trucking carrier plans to build a $5.25 million driver-training center and add 182 jobs as part of its latest expansion at its east-side corporate campus.
Sun King brewery lands tax breaks for expansion
The downtown brewery plans to spend $2.1 million on additional equipment and add 20 jobs by 2016 in exchange for a tax abatement from the city.
Celadon plans $5.2M driver training center, 182 new jobs
Indianapolis-based trucking carrier Celadon Group Inc. plans to build a $5.25 million driver-training center and add 182 workers to its 633-employee local work force by 2016.
Fort Wayne church insurer plans to add 102 jobs
Brotherhood Mutual Insurance Co. expects to hire the employees by 2016 as part of a $15 million expansion that includes building a 54,395-square-foot facility at its headquarters.
Chrysler expansion fueled by optimistic sales outlook
Chrysler Group LLC is betting on huge sales gains to justify the more than $374 million it is considering investing in Kokomo and Tipton to make a new line of nine-speed transmissions.
Digital marketer Raidious to add up to 75 downtown jobs
The company, which currently has 20 Indianapolis employees, began its expansion this fall by leasing 2,800 square feet of office space in the Morrison Opera House, 47 S. Meridian St.
Chrysler plans 400 more jobs, $212M expansion in Kokomo
Chrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that could add more than 400 jobs.
Chrysler plans $162 million plant, 850 jobs in Tipton
Tipton officials approved a 10-year tax abatement worth $2.5 million to help the company launch production in a nearly 800,000-square-foot plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.
Chrysler seeks tax incentives on Kokomo plant
Chrysler Group LLC is seeking tax incentives for its transmission plant in Kokomo at the same time it's asking Tipton County officials for similar incentives on a vacant plant.
Angie’s List commits to 850 new jobs by 2017
The pledge from the provider of online consumer reviews came as part of a larger announcement Tuesday, in which nine companies operating within the state said they will add a total of 2,550 jobs by 2018.
Indianapolis technology companies pledge 1,500 new jobs
Three fast-growing Indianapolis technology companies—Angie’s List, ExactTarget and BidPal—plan to add up to 1,500 jobs collectively over the next half-decade, officials announced Tuesday morning.
UPDATE: Chrysler may find use for vacant Tipton plant
The automaker has requested incentives to launch production in a nearly 800,000-square-foot plant that's been vacant since being built four years ago.
Company news
The RND Group Inc., which makes software for medical-device and diagnostic firms, will expand its operations in Indianapolis, adding as many as 25 jobs by 2016. The company employs 27 full-time people along with the equivalent of 14 full-time contractors. The Indiana Economic Development Corp. agreed to give RND Group $700,000 in tax credits if it fulfills its job-creation commitment. The city of Indianapolis is considering additional tax incentives.
Indianapolis-based Nico Corp. has raised another $6.5 million in venture capital from its existing shareholders and board members. Nico’s Myriad line of products allow minimally invasive removal of brain tumors and tissue in adults and children. Now, Nico wants to use the new round of capital to develop technology to address diseases that were often considered inoperable, such as metastatic brain cancer, intracerebral hemorrhages and glioblastoma multiforme. Since 2008, Nico has raised $20 million, with half of that coming in 2009. Investors participating in its latest fundraising round included Rose-Hulman Institute of Technology, River Cities Capital Fund, CHV Capital, Cornelius Private Investments and Twilight Venture Partners. Nico was founded in 2007 by many of the executives and investors that created Suros Surgical Systems Inc., which was sold in 2006 to Massachusetts-based Hologic Inc. for $248 million.
West Lafayette-based Perfinity Biosciences Inc. has partnered with Japan-based Shimadzu Corp. to market and distribute its technology, which automates the preparation and analysis of protein samples in research and diagnostic labs. The Perfinity Integrated Digestion Platform cuts down sample preparation time from 18 hours to 30 minutes or less. The companies worked together to launch Perfinity’s technology in the United States earlier this year. Financial details about the agreement were not disclosed.
Micro Machine Co. LLC, an orthopedic medical-device manufacturer, will build out a new manufacturing plant in Warsaw, creating as many as 60 jobs by 2015. The company, based in Kalamazoo, Mich., will invest $2.8 million in its expansion to produce parts for Warsaw-based Zimmer Holdings Inc. and Warsaw-based DePuy Orthopaedics Inc., and perhaps other companies. Micro Machine already employs eight in Warsaw in addition to 72 in Kalamazoo. The Indiana Economic Development Corp. offered Micro Machine up to $585,000 in tax incentives and training grants if it fulfills its job-creation plans. Kosciusko County approved additional property tax abatement for Micro Machine.