U.S. economy shows signs of stalling as viral outbreak worsens
Some economists have even warned that a so-called “double-dip” recession, in which the economy shrinks again after rebounding, could develop.
Economic Development
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Indiana farmers markets make changes to reopen in pandemic
Indiana boasts nearly 200 farmers markets statewide that play a vital role in the local economies, according to research done by Purdue University.
Report: Indiana lags neighbors, peers in key business categories
The report evaluated Indiana in four general areas—talent, business climate, infrastructure and creative culture—and considered educational attainment, per-capita income, government spending, health insurance premiums, smoking and obesity rates, energy prices, internet connectivity and entrepreneurship.
City identifies first ‘inclusive’ incentives economic development deal
The change to the way tax incentives are awarded is part of the city’s quest to achieve “inclusive economic growth” by growing opportunities for the city’s middle class and poor, and came as the result of years of research.
Three tech firms plan expansions in Fishers that could add 223 jobs
The city of Fishers announced Wednesday morning that Genezen Labs, U.Group and Highbridge intend to grow their operations in the city.
Boone County group offering loans for small businesses hit by crisis
Approved businesses will also be eligible for one-on-one business plan consulting through the term of the no- or low-interest loans.
EDITORIAL: In the pandemic, a history lesson reminds us how far we’ve come
When this time of social and economic uncertainty passes—and it will—let’s rededicate ourselves to the city’s upward trajectory.
Subaru to expand Lafayette plant, add up to 350 jobs
The automaker says it will invest $158 million to build a new service parts facility and add a transmission assembly shop. The 4.7-million-square-foot plant produces about 410,000 vehicles each year.
Johnson & Johnson plans new warehouse, 300 jobs in Hendricks County
The distribution arm of the New Jersey-based company plans to spend $110 million on project, which will include specialized handling and storage technologies for medical devices.
Lawmakers considering central Indiana regionalism legislation
Senate Bill 350 would create a regional development authority framework for central Indiana to allow local officials to work together on significant economic development initiatives. The pilot program would be in place for five years.
ActiveCampaign’s massive VC haul to trigger growth at Indy office
ActiveCampaign, a Chicago-based marketing technology company that recently opened an Indianapolis office, announced this week it landed $100 million in Series B funding that will help it grow locally.
Holcomb announces $400M Fiat-Chrysler investment, teacher pay plan in speech
According to Gov. Eric Holcomb’s prepared remarks, Fiat-Chrysler will invest $400 million in its Kokomo facility and hinted that an announcement will be made on Friday from Toyota in Princeton.
IBJ Podcast: Deciphering 5G and the new Indiana 5G Zone
Host Mason King talks with Bill Soards, president of AT&T Indiana, and Sean Hendrix, who is the director of emerging technologies and partnerships for Purdue Research Foundation, about why 5G matters and how it could be used in the manufacturing, agricultural and other sectors.
Digital marketing firm Lev plans to add 80 jobs as it grows quickly
Lev added 92 employees in 2019, exceeding the goal of 70 new hires that it set when it announced the move of its headquarters to Indianapolis in February 2019.
Develop Indy: Deals reached in 2019 expected to create 4,000 jobs
Indianapolis’ economic development agency negotiated 67 relocation or expansion projects in 2019, the city announced Tuesday.
Fresh baby food maker plans first retail shop in Castleton
The shop in Castleton is expected to open in March and will sell fresh baby food plus merchandise for both babies and mothers. The company also offers baby food subscription boxes.
Local chocolate maker SoChatti receives city tax breaks
The tax abatement is for equipment the artisanal, vegan chocolate maker and distributor plans to use at at its new, 12,870-square-foot facility in the Circle City Industrial Complex, 1125 Brookside Ave.
Indianapolis to host international business conference
The state plans to welcome hundreds of business and economic development leaders to Indianapolis in the spring for its first-ever Indiana Global Economic Summit.
Wet-Nap maker planning to build area production facility, add 90 jobs
Nice-Pak Products, a manufacturer of wet wipes for consumers, health care, food service and other commercial markets, announced plans Wednesday to build a 760,000-square-foot production and warehousing facility in Mooresville, creating 90 jobs.
Hamilton County named state’s fourth 21st Century Talent Region
Hamilton County officials are taking a more narrow approach than the state’s other 21st Century Talent Regions to promote educational attainment, foster higher incomes and grow its population.