Host committee opts to partner with University of Indianapolis and build community center at Arsenal Tech High School, the
original site of
the domed practice facility.
As expected, city officials announced Tuesday morning that USA Football will relocate its headquarters to Indianapolis from
Vienna, Va. The move should be complete by August.
Carmel-based electronic medical records developer Gemms Inc. plans to invest $2.1 million to expand its headquarters and software
development operations here, more than doubling its staff in the next five years.
Mayor Greg Ballard's office has an announcement scheduled for 10 a.m. Tuesday to reveal a "major sport's national governing body" that is moving to the city. IBJ reported in February that USA Football was seriously considering moving here.
Officials hope to reschedule flight to Italy for Tuesday to salvage the remainder of planned job attraction and creation trip.
For years, ethanol fuel derived from corn was almost politically untouchable, thanks to powerful advocates on Capitol Hill.
The ethanol industry has consequently exploded over the last decade, thanks to government subsidies and incentives. But skepticism
about ethanol is rising, prompted by fluctuating food prices and an organized campaign by anti-ethanol advocates to discredit
the industry.
State-by-state comparisons ranking residents’ satisfaction levels are gaining traction in economic development circles. While rankings do not drive site-selection decisions, they do play a role.
The Indiana delegation plans to visit Germany, Italy and the United Kingdom on a job- and investment-attraction mission.
TailGate Beer said it will invest millions of dollars in machinery, equipment and energy-efficiency upgrades to establish
operations in an existing 48,000-square-foot building in Franklin Business Park.
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.
Indiana Lt. Gov. Becky Skillman and nearly 20 agriculture leaders are expected to make stops in the Zhejiang province and
Beijing.
In 2007, Nathan Feltman became Indiana's secretary of commerce, replacing his mentor, IBJ Media Corp. co-owner Michael
Maurer. It was a smooth transition.
Marion Mayor Wayne Seybold told the City Council on Tuesday that he and the city's development director would be traveling
to China with plans to complete a deal bringing a furniture maker to the city.
Just Packaging on the east side of Indianapolis says it plans to invest in new equipment and hire 35 people by 2014.
A northern Indiana recreational vehicle manufacturer is expanding its Elkhart operations and plans to hire up to 265 new workers
by 2013.
Butler's triumph has likely eliminated some of the direct visitor spending the city would have seen if Syracuse or Kansas
State would have made it to Indy for this year's Final Four. But corporate excitement could wipe away that loss.
The economy grew at 5.6-percent clip in fourth quarter, but the impressive number doesn’t indicate the recovery is strong,
economists say.
The goal of any host city of a major sporting event is simple: Rake in as much cash as possible during the days the event
is in town and maximize future economic potential by boosting the city’s image among everyone who watches on television.
Execution is more difficult.
Most local venture funds are standing pat because the economy is weak and they’re no longer
in fund-raising mode. Having invested most of their funds, the firms have shifted to the nurturing, or “harvesting”
stage, to try to improve investment returns.
Native Hoosier Aaron Renn, who writes the popular Urbanophile blog, said Indianapolis stacks up well against its Midwestern
counterparts and can compete for jobs with national hot spots such as Portland, Ore.
