California-based life sciences firm Beckman Coulter Inc. is planning its third local expansion since 2007, investing $18.2 million in its Indianapolis operation and adding as many as 95 jobs here in the next three years.
State economic development officials on Wednesday announced food distributor Nash Finch Co.’s plans to open a Bloomington warehouse and hire 100 workers, formalizing a commitment the Minnesota-based firm made this summer.
Chicago-based Perpetual Recycling Solutions said it will purchase and renovate an existing, 100,000-square-foot facility in the city, with plans to create up to 55 jobs by 2012.
Fishers-based Clarke Engineering Services plans to invest $2.1 million to expand its headquarters operation, creating as many as 29 jobs by 2012. The 13-year-old firm said it will begin hiring immediately.
Connecticut-based Stanley Black & Decker Inc. plans to combine two of its manufacturing operations at a new facility in Greenfield, transferring about 100 workers from Shelbyville and adding as many as 80 jobs in the next two years.
Businesses have always held the upper hand in negotiating for incentives with local government, but the past couple of years have given rise to the most intensely competitive economic development environment since the early 1980s.
Advantis Medical Inc., a maker of cases and trays for surgical instruments, plans to add more than 100 jobs in Greenwood over the next five years.
Caterpillar Reman Powertrain is requesting the tax break to offset costs related to a $13.6 million investment the company says will help retain 338 factory jobs.
A Hamilton County seed company has plans to expand its facilities, creating as many as 72 jobs over the next five years, state economic development officials said Friday morning.
Lightbound LLC plans to construct 50,000-square-foot data center near Kentucky Avenue on the city’s southwest side. The abatement
should save the company $2.5 million.
Fort Recovery Construction & Equipment in Portland plans to invest $1.9 million to accommodate research, development
and production of solar thermal collector panels.
Orthopedics giant Biomet Inc. plans to invest $26 million to grow operations in its hometown of Warsaw,
adding 278 jobs by the end of 2012. Biomet’s Warsaw Center of Excellence initiative calls for facility improvements
and new equipment that will allow the company to consolidate manufacturing activities from New Jersey. Research-and-development
and administrative services also will be expanded. The Indiana Economic Development Corp. offered the company as much as $2.75
million in performance-based tax credits and up to $200,000 in training grants to help the company expand. Biomet also will
get a 10-year tax abatement approved by the Kosciusko County Council.
A researcher at the Indiana University School of Medicine concluded in a clinical trial that an experimental
drug can double the cure rate for patients with hepatitis C. In the trial, doctors added the drug boceprevir, made by New
Jersey-based Merck & Co. Inc., to the standard treatment regime for the chronic liver ailment. Cure rates jumped to 75
percent using the combination therapy, compared with a 38-percent cure rate for the standard treatment. The clinical study
was led by IU’s Dr. Paul Kwo, but was conducted at 67 sites in the United States, Canada and Europe.
Matrix-Bio Inc., based in West Lafayette, received an investment from Main Street Venture Funds,
a Fort Wayne-based group of angel investors. The size of the investment was not disclosed. Matrix-Bio is using technology
developed at Purdue University to develop a test that can detect a recurrence of breast cancer earlier than mammograms and
MRI images, which are currently the most common tests.
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
Fliers circulating at General Motors' Indianapolis plant show that union members will be offered cash payments of $25,000
to $35,000 and an opportunity to keep a foot in the door with GM, if they agree to work for JD Norman Industries.
Orthopedics giant Biomet Inc. plans to invest $26 million to grow operations in its hometown of Warsaw, adding 278 jobs by
the end of 2012.
Following $5.1 million investment, the company plans to create 42 jobs by 2012 by expanding its production operations in Orestes.
Jam-packed with expensive equipment, data centers represent huge capital investments in a relatively small footprint. That
can mean steep property tax bills, though Indiana allows communities to exempt a portion of that tax. Jobs-hungry Indiana
is eager to attract more of these climate-controlled computing fortresses.
Together, Fuel Systems of Angola and Steffy Wood Products plan to create more than 170 jobs within the next three years by
investing more than $4.8 million to expand operations in Angola.
Fuel Systems of Angola and Steffy Wood Products say they will invest a total of $4.8 million on their production facilities
in northeast Indiana, creating 178 jobs by 2013.
The city’s Metropolitan Development Commission will consider providing Lightbound LLC with property tax abatements to offset
investment cost.
