Indianapolis-based Calumet to invest $2.7M in recently-acquired wax maker
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.
Economic Development
Articles
IBJ Podcast: Indy Chamber’s shift in focus pays dividends
Guest host Lesley Weidenbener interviews Indy Chamber CEO Michael Huber and the group’s director of economic development, Vincent Ash, about the programs that won it Chamber of the Year honors.
Indy trucking company to hire more than 90 new workers
Indianapolis-based Renewable Transport Services Inc. plans to add more than 90 jobs by the end of 2025 and invest $20 million to upgrade its southside facilities.
Australian biopharma firm planning to hire 20 at U.S. headquarters in Fishers
The radiopharmaceutical developer and manufacturer is the latest in a string of life sciences firms that have announced plans to grow operations in Fishers.
Owner of former Anthem HQ exploring converting some space to parking
As the downtown office market enters a post-pandemic period of volatility, the owner of the 213,600-square-foot building on Monument Circle is studying the cost of renovations to make it more alluring to would-be tenants.
23-story apartment tower proposed for downtown Indianapolis
If built as proposed, the tower would be the tallest structure to be built downtown since the 28-story 360 Market Square building was completed in March 2018.
Quantigen Biosciences plans Fishers expansion, 30 new jobs
Fishers-based Quantigen Biosciences is spending $2.5 million to redevelop 40,000 square feet of office space along Interstate 69 as its new specialty contract research laboratory.
Fishers Council OKs $21M incentive package for Stevanato’s planned $145M facility
The project agreement offers Italy-based Stevanato Group a 15-year tax abatement, a $2.4 million commercial property grant and nearly 36 acres the city plans to buy at 126th Street and Cumberland Road.
Fishers to consider $27M in bonds for land acquisitions, life sciences park
Much of the money is earmarked to acquire a 75-acre property for a life sciences business park that will be anchored by Stevanato Group’s planned $145 million pharmaceutical manufacturing facility.
Italian manufacturer to build facility in Fishers, hire 230
Stevanato Group, a producer of syringes, vials and glass containers, announced Wednesday it will spend $145 million to build and equip a 370,000-square-foot facility in Fishers.
Korean auto supplier plans to expand local presence with Franklin facility
Daechang, which makes seating components for Kia, Hyundai and Subaru, established its North American headquarters in Indianapolis in 2017. The Franklin facility would be its second local site.
Incoming commerce secretary eyes ‘quality over quantity’ in economic development
Brad Chambers said he believes a “reevaluation of what the marketplace is doing” by the Indiana Economic Development Corp. will be a good thing—and a natural move for any agency or company when it changes leadership.
Maker of games, puzzles plans $11M expansion in Indiana
Ludo Fact USA LLC announced plans Tuesday to boost operations in Lafayette, adding up to 114 workers by the end of 2024.
Sen. Todd Young’s bill could lead to innovation hub in Indiana
Government and business leaders are preparing to bid to host one of the regional tech hubs that would be created by the U.S. Innovation and Competition Act, even though the bill has yet to pass.
Food-packaging manufacturer plans $380M plant, 345-plus jobs in Indiana
The company, which stands to receive more than $6 million in state and local incentives, said it could expand its investment in central Indiana to $490 million and its hiring plans to 425 by 2025.
Indianapolis tech scene has Irish eyes smiling
Ireland is interested in attracting fast-growing U.S. companies looking for a European outpost and has turned its attention to Indianapolis.
Biden plan would pick winners, losers in move to green jobs
President Joe Biden’s $2.3 trillion infrastructure plan calls for investments in industries such as electric vehicles and semiconductors. Critics say the plan gives the government too much involvement in decisions better made by the private sector.
Milestone Business Solutions to add 40 jobs
The company, which operates remotely, said it also will spend $171,500 to establish a physical location in central Indiana in 2022 to help support its growing national customer base.
Indy software company plans to add 355 jobs
Kennected announced Monday it plans to invest more than $2 million in its expanding operations with the release of an integrated suite of business lead generation software known as K-Suite.
Wisconsin’s new deal with Foxconn lowers tax breaks by billions
Foxconn originally proposed a 20 million-square-foot manufacturing campus that would have been the largest investment in U.S. history for a new location by a foreign-based company, but those plans have been downsized significantly.