Union leaders want promises from the Big Three automakers that their wave of new electric vehicle battery plants will fall under the UAW’s contract and that workers at those plants will make UAW assembly wages of $32 an hour.
As Indiana competes with neighboring states for computer-chip and electric-vehicle production plants, some state leaders remain concerned that Hoosiers are ill-equipped to fill the jobs of the future should those corporations decide to locate here.
During the last nine years, the cumulative amount of AI investments across the pharma and biotech sectors has increased by almost thirtyfold, to $24.6 billion as of last December.
Since July 2022, the city of Lebanon has annexed a total of 7,200 acres for the LEAP Lebanon Innovation and Research District, a planned technology and advanced manufacturing hub of 9,000 acres or more.
The tax abatement would save the company about $1.92 million in personal property taxes over eight years—about 66.3% of the total in taxes owed.
The company, which specializes in metal fabrication and machining, is in the midst of a 51,000-square-foot expansion that will boost its ability to make components for one major customer in the microchip industry.
The Indiana Economic Development Corp. disclosed that it is also courting a $3.2 billion data center project that could result in 250 high-wage jobs in Boone County.
Cummins plans to acquire two manufacturing sites, one in its hometown of Columbus, Indiana, from France-based Faurecia.
The move by Citizens Energy Group comes amid ongoing recruitment efforts by the Indiana Economic Development Corp. to lure companies in high-tech industries to Boone County.
Cummins is forecasting revenue to be up 15% to 20% year-over-year, compared with its previous guidance of between 12% to 17%.
In June, Slovakian startup InoBat announced it was partnering with New York City-based Ideanomics to build the research, development and manufacturing facility. But Ideanomics now says it’s not sure it will be in business in a year.
The Lebanon Plan Commission voted unanimously Monday to approve Eli Lilly and Co.’s development plan for its two manufacturing facilities in Boone County.
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Cummins brought in $176 million—a tiny fraction of its overall revenue—from its electric and hydrogen products last year. But the company expects revenue to hit as much as $13 billion in 2030.
The company plans to create 250 new jobs over the next five years in Noblesville and retain and relocate 400 employees to the 580,000-square-foot complex.
The residents say the city of Lebanon failed to follow state zoning law when it annexed 5,200 acres of land for the planned LEAP district in Boone County.
The Indiana Department of Transportation released a study that includes five possible locations for the interchange northwest of Lebanon near the planned site of the LEAP Lebanon Innovation and Research District.
The Lebanon City Council voted unanimously to approve the second phase of voluntary annexation for the LEAP district, a planned 11,000-acre advanced manufacturing park in Boone County.
More than half of Indiana manufacturers have implemented or are testing at least one advanced technology, according to a new report from Conexus Indiana and the Indiana University Kelley School of Business at IUPUI.
The Indiana Economic Development Corp. and 43 Boone County landowners are asking the city of Lebanon to annex the land for a massive research and innovation park.
