Hamilton County economic development agency changes mission
The not-for-profit’s board recently approved a new mission—aimed at potential employees, rather than employers—and voted to eliminate the position of CEO and president.
Economic Development
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Groups launch planning for redevelopment of White River in Marion, Hamilton counties
Visit Indy, the Indianapolis Department of Metropolitan Development and Visit Hamilton County are leading the effort in partnership with other communities.
Hotel operator sues airport authority, Infosys over lease termination
A Detroit-based hotel operator alleges the authority and the tech company colluded to wrongfully terminate its lease at a 257-room hotel at the airport to make room for Infosys’ high-profile innovation hub development.
Australian sales intelligence firm opens Indianapolis office
SalesPond has opened a downtown office where it plans to employ more than three dozen people by the end of 2023.
High-end tool maker expanding again in Lebanon, adding 65 jobs
Headquartered in Lebanon, Festool USA plans to add 80,000 square feet to its existing facility and has received tax incentives for the project from both the city and state.
Pain management practice with Fishers location closes multiple clinics
One of the largest regional pain management groups is closing more than half of its clinics amid worsening financial troubles and a federal criminal investigation that targeted its former chief executive.
Financial firm moves HQ to Indianapolis, plans to add 225 employees
A national credit-reporting and mortgage-data company founded in San Diego plans to spend nearly $3.6 million to establish its headquarters and operations center downtown in the Landmark Center.
Fishers health-care talent agency planning to add 25 jobs
The company could receive up to $1.025 million in state tax credits as part of its expansion plans, which include adding 2,000 square feet to its Fishers office.
IBJ PODCAST: How is Indianapolis becoming two cities—for haves and have-nots?
Host Mason King interviews IBJ reporter Hayleigh Colombo about her series “One City, Worlds Apart,” which looks at income inequality and poverty in the city and why everyone should be concerned.
Indy group raises $9M in effort to fill talent gap
Ascend Indiana, an initiative aimed at closing what local corporate and education leaders say is a stubborn talent gap, is ramping up its operations.
IBJ PODCAST: All you need to know about Indy’s bid for Amazon’s HQ2
With central Indiana on the short list for Amazon’s $5 billion secondary headquarters project, IBJ’s reporters for technology, real estate and economic development join forces to discuss what the internet giant wants and whether the Indy area measures up.
Fate of $3M downtown fund precarious despite advancing council hurdle
The petitioners advocating for the Mile Square district’s passage have just barely garnered the amount of signatures required by law to advance the proposal.
Indiana gets federal permission for workforce cabinet
Indiana Gov. Eric Holcomb's newly revamped workforce training cabinet has received the green light from the U.S. Department of Labor.
IBJ PODCAST: Cafe helps catalyze revival on Washington Street, reclaim lives
Maria Bertram had a great career as an engineer for Eli Lilly and Co., so why did she chuck it to open a little cafe in a distressed neighborhood?
Industrial-automation firm to open Whitestown warehouse, hire hundreds
A Fortune 500 company will invest $16.4 million in Boone County as it shutters warehouses in Illinois and Tennessee and consolidates those functions here.
Custom parts maker buying Park 100 building, adding employees
The four-year-old company that specializes in motorsports, defense and consumer products is moving from Pittsboro.
Distilling company plans $66M bottling plant in Indiana
The project from Louisiana-based Sazerac Co. is expected to create up to 110 jobs by 2021.
Electric car maker targets Indiana for $160M plant, 467 jobs
SF Motors Inc., a Silicon Valley-based electric vehicle developer and manufacturer, said it could hire as many as 200 workers at the Indiana plant by the end of the year.
Indiana residents’ ‘real’ personal income sees growth—but still below national average
The U.S. Bureau of Economic Analysis released updated data Thursday on the measure, which is considered important because it accounts for regional price parities and cost of living.
Backers gain support for $3M downtown fund
With time running out, Downtown Indy gathered enough signatures to present to the City-County Council, which ultimately will vote on the proposal to charge downtown property owners for beautification and other services.