Indiana companies prepping for burst of acquisitions
Conditions are ripe for a barrage of mergers and acquisitions to take place this year.
Economic Development
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UPDATE: Biden touts advanced vehicles in Greenfield
Vice President Joe Biden was in Greenfield, about 25 miles east of Indianapolis, on Wednesday morning to visit an EnerDel plant that received a $118.5 million Recovery Act grant in 2009 to expand its lithium-ion battery production.
Family Dollar plans 350 jobs in northeast Indiana
A $70 million investment in a new distribution center by the North Carolina-based discount retailer is expected to create up to 350 jobs. The facility should be operational by spring 2012.
Indiana officials hope to capitalize on Illinois’ tax woes
Governor, economic development officials look to lure companies to Indiana that now may find doing business in Illinois too costly. But a few experts question whether the state will see any immediate benefits.
Obama considers shedding rules that hurt job growth
The president planned to sign an executive order Tuesday telling federal agencies to look for rules that place an unreasonable burden on businesses.
Indiana senator set to propose lower corporate tax
Republican Sen. Brandt Hershman of Lafayette, who chairs the Senate Tax Committee, says Indiana’s corporate income tax is seen as a hindrance to job creation.
Bill seeks to boost investment credit, startups
The legislation, assigned to a committee on Wednesday, would increase the maximum for venture capital tax credits from $500,000 to $1 million, helping high-potential startups attract outside funding.
Neighboring states gleeful over Illinois tax increase
Neighboring states are plotting to take advantage of what they consider a major economic blunder and lure business away from Illinois.
Local tech consultant to expand, add 60 jobs
Indianapolis technology firm MMY Consulting Inc. will spent $700,000 to expand its local operations, economic development officials said early Wednesday, nearly doubling its staff over the next four years.
D-A Lubricant moving from Indianapolis to Lebanon
Company will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business Park. The move should be completed by December.
Law firm launches economic development consultancy
Barnes & Thornburg aligns with new venture BT ProjectPoint LLC to provide clients economic development and project-financing consulting services.
Money flowing to international markets
Booming growth, rising middle classes are attracting investors.
Indianapolis startup scene gains momentum
About 200 members of the Hackers and Founders group meet monthly—perhaps the most clear and strong signal that Indianapolis’ young entrepreneur community is reaching a tipping point.
State’s next economic initiative to revolve around military
Indiana economic-development officials are in the beginning stages of forming a marketing initiative—dubbed the Indiana Center for Complex Operations, or ICCO—to market the state’s budding defense sector.
HICKS: Why economic forecasting is inexact science
Forecasts are primarily used as a tool to begin, not end, conversations about business and government matters.
Muncie locomotive plant looking for new hires
A division of Caterpillar that plans to employ 650 people at a diesel-electric railroad locomotive plant in Muncie is looking for workers.
Fourth Artsgarden walkway gets final approval
Construction on the walkway that will connect the downtown PNC Center with the Indianapolis Artsgarden should begin in March. Plans to pave the gravel parking lots on the former site of Market Square also received approval.
Credit card processor plans Jeffersonville expansion
Heartland Payment Systems said Tuesday it will spend more than $6.2 million to expand its operations in southern Indiana and hire up to 140 more workers by next summer.
Ganassi locating two new race teams in Brownsburg
Izod IndyCar Series team owner will invest $3.3 million and create up to 30 jobs. Ganassi plans to begin hiring employees immediately to prepare for the start of the 2011 season.
Business agenda might get friendly reception
With Republicans firmly in control of the Indiana General Assembly, businesses have a better chance of achieving some of their legislative objectives than they have for years.