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.
Economic Development
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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.
Fishers City Council advances Hub & Spoke tax abatement, road project bond
The Fishers City Council gave preliminary approval Tuesday to a 10-year tax abatement for the developers of the Hub & Spoke building and approved $3.125 million in road project bonds.
Holcomb administration accused of waiving fine in Amazon worker’s death while pursuing HQ2
An investigation into Amazon employee injuries by a national not-for-profit journalism organization accuses Indiana Gov. Eric Holcomb’s administration of absolving the online retail giant of any accountability in an Indiana worker’s death at the same time the state was bidding for the company’s coveted second headquarters.
Battery maker Energizer planning 440 jobs at Johnson County facility
Energizer Manufacturing Inc. is seeking tax breaks from the city of Franklin in return for opening a $62.7 million packaging and distribution center in Franklin Tech Park, just east of Interstate 65 and south of State Road 44.
Penske’s IMS deal means hundreds of acres of opportunity, real estate experts say
The acquisition of Hulman & Co. will give Penske Corp. control of about 37% of all the land in Speedway, making the company the town’s single-largest landowner. Roger Penske said he wants to take advantage of that land.
Powering research: Indiana universities balance federal grants with other sources of cash
University research budgets and federal funding levels are seen as increasingly important drivers of economic development as they give rise to more licensed technology and startup companies.
Program to spur growth is not limited to poor communities
The area that includes the Fletcher Place neighborhood and the southeast corner of downtown is one of the hottest parts of Indianapolis, yet it’s included in a federal program designed to spur investments in poor neighborhoods.
Poll: Most Americans dislike twice-a-year clock changes
Seven in 10 Americans prefer not to switch back and forth to mark daylight saving time, a new poll shows. But there’s little agreement on which time clocks ought to follow.
New neighborhood investment fund targets areas around 16 Tech Innovation District
The 16 Tech Community Investment Fund is seeded with $3 million and plans to issue up to $1 million in grants in 2020.
Kentucky using billboards to lure Illinois companies
One sign will target Illinois’ regulations for being “insane” and one uses the first three letters in the word “Illinois” to claim that the state’s tax system is “ill.”
Four local development projects picked to receive $35M in incentive funds
Indianapolis Mayor Joe Hogsett said Tuesday that the city intends to use New Markets Tax Credits from the U.S. Department of the Treasury to support development projects involving the Madam Walker Legacy Center, the Wheeler Mission Center for Women and Children and two other groups.
Tech distribution giant Ingram Micro opens Plainfield facility, plans 151 jobs
The facility will offer a range of technology disposition services, including data erasure and drive destruction, processing, remarketing and recycling.
Surgical transplant firm sets up logistics center in Plainfield, plans to hire 127
The Virginia-based firm said Tuesday it has invested $18 million to set up a 70,000-square-foot biologics logistics center near the Indianapolis International Airport. It is currently hiring managers and technicians.
High-tech mobility company plans lab, 50 high-paying jobs in Westfield
Aptive Plc, a mobility tech company formerly known as Delphi Automotive, plans to open a $9 million engineering lab in Westfield, the city announced Monday night.
GFS plans $160M local distribution facility, hundreds of jobs
Gordon Food Service plans to hire and train more than 200 workers for the distribution center at hourly wages of $20 to $25 an hour before the facility opens in late 2021. Longer term, employment at the facility is expected to be much greater.
Ambrose is mum, but experts say it likely ran into financing problems for $1.4B Waterside
Real estate developers and experts suspect the firm couldn’t get access to enough capital to move forward with the massive, 103-acre development. Opinions are mixed on whether the site should remain intact or be split into multiple projects.
Biz leaders say focus on neighborhoods results in more significant impact
Cummins isn’t alone in its neighborhood approach. Multiple Indianapolis companies are choosing to focus their philanthropy on a particular neighborhood as a way to make a greater impact.
Michael Kaltenmark: Working to enhance the vitality of Midtown, 38th Street
Through a Butler University program dubbed Bulldogs into The Streets—or BITS—more than 1,250 volunteers who contribute 3,750 hours worth nearly $100,000 descend on the school’s neighborhood for projects.