Articles

City of Greenwood might fund launch of insulin maker

Greenwood-based Zimmerman Biotechnologies LLC hopes to become the first company in the United States to make generic insulin,
a long-awaited development in diabetes treatment. The Greenwood Common Council on Feb. 1 will consider an $8.4 million deal
that would finance construction of an insulin factory, as well as help Zimmerman with FDA-approval and equipment expenses.

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EnerDel in line for $3 million grant

Battery maker EnerDel could land $3 million in federal disaster-recovery money that would help bring 200 more jobs to its
facilities on the north side of Indianapolis and in Noblesville.

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Finish Line forfeits incentive deal

Mall retailer The Finish Line Inc. has agreed to forfeit a potentially lucrative tax-abatement deal because it won’t be able
to meet a 2008 promise to create almost 200 jobs and invest $24 million at its Indianapolis headquarters.

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Biotech firm plans $28M Greenwood plant

Greenwood pharmaceutical firm Elona Biotechnologies plans to build a $28 million production facility and create 70 jobs to
help develop a cheaper form of insulin that could gain significant market share.

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Delphi to add 190 jobs in Kokomo

Delphi Corp. brought some good news to the beleaguered city of Kokomo on Friday, announcing plans open a production facility
there, creating about 190 jobs by 2014.

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Trailer maker plans to add 100 jobs in Peru

Peru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs
by 2011, the Indiana Economic Development Corp. announced Wednesday morning.

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