Senator says electric car tax credit needs ‘flexibility’
U.S. Sen. Raphael Warnock from Georgia is raising concerns that the tax credit President Joe Biden signed into law last month could place some automakers at a competitive disadvantage.
Economic Development
Articles
Huber says his new IU job will put focus on school’s role as an economic engine
Michael Huber, who will become Indiana University’s vice president for university relations, said the school’s role as an engine to improve lives and the economic vitality of Hoosiers was a big draw.
Ag-tech company bringing Shrimpbox to Indianapolis
Atarraya Inc. announced Wednesday that it plans to invest $4.8 million to establish its first U.S. container-based shrimp farming operation in Indianapolis and create up to 65 jobs by the end of 2025.
New York-based Cityblock Health expanding into Indiana, plans 140 new jobs
Brooklyn-based Cityblock Health Inc. and Indianapolis-based health maintenance organization MDwise Inc. said their partnership would bring care to about 10,000 people in Indianapolis and Fort Wayne.
Fountain Fletcher is new name for boosting prominent neighborhoods
The brand, unveiled in August, was created by the Greater Virginia Avenue Corridor Economic Improvement District to market businesses in Fountain Square, Fletcher Place, North Square and Holy Rosary.
Belgian tech startup Unbox to set up U.S. HQ in Indianapolis
The software company Unbox says it plans to establish its U.S. headquarters in Indianapolis as well as a software development, research and testing hub in West Lafayette. The company said it hopes to have up to 380 Indiana employees within the next few years.
GM to spend $491M to support EV production at Indiana plant
The company said it will add two press lines at its Marion Metal Center and invest in upgraded equipment to equip new and future electric vehicle models, including the Chevrolet Silverado EV, GMC Hummer EV, Hummer EV SUV, and Cadillac Lyriq.
Biden officials visit Purdue as part of national push to bolster semiconductor production
Officials discussed their push to see Indiana ramp up its role at designing and manufacturing of semiconductor chips that are used to power the nation’s smartphones, cars, computers, medical equipment, military weapons and other technology.
Pet food maker begins construction on $260M plant in Rushville
The new facility will be Diamond Pet Foods’ first in Indiana and represents one of the largest private investments in Rushville’s history, according to the Rush County Economic Development Corp.
Italian manufacturer expands plan for Fishers by $367M, 265 workers
City officials said Stevanato Group wants to increase its total investment in its Fishers plant to $512 million and its hiring plan to 515 employees. The facility is under construction near 126th Street and Cumberland Road.
Elanco’s new HQ project nearing city approval, with a few issues outstanding
The Greenfield-based company will lay out the design for its $100 million-plus global headquarters in Indianapolis on Thursday before a hearing examiner, who will rule on the project.
Indy Chamber exec joins developer working on Boone County innovation district
Ian Nicolini, who has served as Indy Chamber’s chief operating officer since October 2020, is leaving his position to join a commercial real estate developer working to recruit businesses to a high-tech research district planned in Boone County.
Manufacturing tech grants helped Hoosier companies grow their workforce, report says
On average, recipients of the state’s Manufacturing Readiness Grants added five new jobs as a result of the technology investments.
City breaks ground on $6.8M Old Southside infrastructure project
The South Meridian Street corridor will receive a multi-use path, upgraded traffic signals for cyclists and cars, improvements to stormwater infrastructure and raised crosswalks.
LG, Honda looking at Ohio, Indiana for $4.4B joint venture to make EV batteries
The plant’s site is still undecided, but construction will begin in early 2023, with mass production of advanced lithium-ion battery cells to start by the end of 2025.
Can Indiana secure a CHIPS Act tech hub?
With the help of new federal legislation, Indiana leaders believe they have a strong chance of making the state a tech metropolis in the nation’s heartland.
Waste-to-energy startup planning $41M plant, 259 jobs in Mooresville
ZrO Waste Group is in the process of developing a technology that will help customers convert waste into usable energy in the forms of heating, cooling, refrigeration, hot water and electricity, said Kegahn Hopwood, executive vice president.
Wanted: 7,000 construction workers for Ohio chip plants
Ohio’s largest-ever economic development project comes with a big employment challenge: how to find thousands of construction workers in an already booming building environment when there’s also a national shortage of people working in the trades.
Holcomb leads Indiana delegation to Taiwan, South Korea in search of high-tech investments
Gov. Eric Holcomb’s visit will tout the Hoosier state as a key place for Asian companies to invest and manufacture computer chips and electric vehicle batteries.
IUPUI realignment could bring big benefits to Indy businesses and economy
Local business and tech-industry leaders say they see the effort as a chance to increase the pipeline of qualified employees who can work at local companies.