IEDC announces $27.1B in pledged investments so far in 2024
This year-to-date total investment figure nearly eclipses last year’s total, which was a record of $28.7 billion.
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Legislation that would reel in IEDC likely to return in 2025
State Sen. Spencer Deery said he plans to reintroduce similar legislation in 2025. From his viewpoint, the agency has become too focused on big deals that can give it a bad reputation.
Indiana to promote state’s EV industry in trade trip to South Korea
Part of the trip will involve showcasing the state’s growing electric vehicle industry at InterBattery 2024, South Korea’s leading battery exhibition, which is expected to draw about 75,000 attendees and 500 businesses.
Little-known not-for-profit boosts Indiana’s economic development agency
Outside organizations donated nearly $3 million to a state economic development agency’s not-for-profit arm over the last three years—but who the donors are, and how the agency spends their contributions are largely unknown.
Incoming commerce secretary eyes ‘quality over quantity’ in economic development
Brad Chambers said he believes a “reevaluation of what the marketplace is doing” by the Indiana Economic Development Corp. will be a good thing—and a natural move for any agency or company when it changes leadership.
Food-packaging manufacturer plans $380M plant, 345-plus jobs in Indiana
The company, which stands to receive more than $6 million in state and local incentives, said it could expand its investment in central Indiana to $490 million and its hiring plans to 425 by 2025.
Conexus Indiana’s top executive to depart in June
Mark Howell, 56, who joined Conexus in 2018, plans to focus on volunteer and philanthropic activities after leaving the Indianapolis-based not-for-profit, the organization said Wednesday.
Governor names interim Indiana secretary of commerce
Jim Staton, senior vice president and chief business development officer for the IEDC, will fill in until a full-time replacement is found for Jim Schellinger, who stepped down suddenly last week after 5-1/2 years in the role.
Community development exec Tedd Grain moves to new job with Eskenazi
At Eskenazi Health, Tedd Grain, who had been at LISC since 2009, will be tackling food access issues, economic mobility and other social factors that affect local residents’ health status.
IEDC reports 4th straight record year for job commitments
The state’s lead economic development agency announced Thursday that it secured 282 business relocation or expansion deals in 2020 that are expected to result as many as 31,300 new jobs.
Fort Harrison’s last historic building up for grabs
The building, which formerly served as the post exchange for soldiers stationed at Fort Benjamin Harrison, was offered for sale by the Fort Harrison Reuse Authority this week. Also this week: Tru by Hilton, Culver’s and more.
Indy Chamber announces leadership change at Develop Indy
Indy Chamber executive Ian Nicolini has moved into the organization’s long-vacant role of chief operating officer, and Portia Bailey-Bernard has taken over Nicolini’s former position as the chamber’s economic development leader.
GFS plans $160M local distribution facility, hundreds of jobs
Gordon Food Service plans to hire and train more than 200 workers for the distribution center at hourly wages of $20 to $25 an hour before the facility opens in late 2021. Longer term, employment at the facility is expected to be much greater.
Call-center operator to open Midwest hub, hire 350 in Fishers
Sitel Group, one of the world’s largest call-center management companies, said it plans to spend $4 million to open a Midwest customer service hub in Fishers.
Fast-growing logistics firm planning to hire 35 in Indianapolis
The fastest-growing company in the Indianapolis area is making plans for more growth throughout the state.
Health care services firm plans up to 850 jobs in Indiana
The Louisville-based company expects to invest more than $52 million to launch its Indiana operations at the River Ridge Commerce Center in Jeffersonville.
Allison Transmission plans to build Innovation Center, boost employment
Officials said the new project, combined with the Vehicle Environmental Test, or VET, facility announced earlier this year, would create more than 300 jobs altogether at Allison.
Company specializing in steel wheels plans Indiana facility
Officials announced Friday that Indiana Wheel Corp. plans to spend nearly $23 million to purchase, renovate and equip the facility, where it will hire up to 117 workers.
City orders Delco Foods to pay nearly $100,000 for breaking incentive deal
A local food distribution company that plans to move its operations to Whitestown next year will have to pay off $98,406 in tax breaks, the Metropolitan Development Commission ruled this week.
Upstart software firm plans 75 jobs at new downtown HQ
A software-as-a-service firm founded last year under the wing of Indianapolis-based venture studio High Alpha announced Tuesday that it plans to spend $1.4 million to establish a downtown headquarters.