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Indiana one of two states competing for $50B semiconductor plant
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.
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.
City leaders expect a stretch of undeveloped agricultural land on the city’s southeast side to become Hamilton County’s next epicenter of innovation.
Cummins said its profitability was affected by several expenses last quarter, the largest of which was the $56 million that the company spent on a one-time bonus to employees.
The company has recently begun testing its first products with customers and is working to ramp up production in coming months.
On average, recipients of the state’s Manufacturing Readiness Grants added five new jobs as a result of the technology investments.
A joint venture between General Motors Co. and LG Energy Solution has filed a tax abatement application for a facility in New Carlisle that—based on similar projects elsewhere—could bring more than $2 billion in investment and more than 1,000 jobs to northern Indiana.
The Columbus-based manufacturer says its strong second-quarter was due mostly to its North American market, where revenues grew 15%.