U.S. economic growth for first quarter upgraded again
The U.S. economy got off to a lackluster start during the first three months of 2017, though it enjoyed more momentum than two earlier estimates indicated.
Economic Development
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16 Tech innovation district gears up for work under new CEO
The 16 Tech innovation district, an ambitious economic development project in the works in Indianapolis for more than a decade, has hired a top executive whose goal is to turn the downtrodden area into a thriving center for entrepreneurship and innovation.
State considers adding fourth port to strengthen economic development
Already, ports in Jeffersonville and Mount Vernon move goods to and from Indiana along the Ohio, downstream to the Mississippi River and out to the Gulf of Mexico.
City set to solicit new ideas from developers for Old City Hall property
The city of Indianapolis is going back to the drawing board in its quest to redevelop Old City Hall after a proposal to turn the historic downtown property into a 21c hotel fell apart.
Hancock County leaders sketch out, crunch scenarios on key corridor
A six-month-long study of development scenarios along a 10-mile stretch of Mount Comfort Road is feeding local leaders with data on potential projects and helping guide land-use decisions.
City to consider $15.2M in bonds for downtown projects
The bonds would help finance development of a hotel complex on the site of Indianapolis’ oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
Holcomb: Paris trip chance to ‘sell, sell, sell’ state’s potential in aerospace
Indiana already has a burgeoning aerospace industry with players such as Rolls-Royce, GE Aviation, and Raytheon Co., but economic development officials say further growth is possible.
Purdue, Rolls-Royce, state launch $24M partnership to advance aircraft engines
The Indiana Economic Development Corp. said the Purdue-based partnership will create the nation's most advanced turbine lab for compact gas engines.
City seeks submissions for criminal justice center services
The Indianapolis Bond Bank is looking for firms interested in working on the city’s new criminal justice center—from providing civil engineering services to mechanical, electrical and plumbing work. The city will select contractors sometime after Aug. 1.
Indiana names new head for Community and Rural Affairs office
A state office that helps Indiana's communities with economic development plans has a new leader.
Monsanto planning $29M seed facility in Greenwood
The company said it plans to lease a new 140,000-square-foot building in Southtech Business Park where it will process, package and distribute corn, soybean and cotton seed for field testing.
Subaru supplier adding more than 100 Boone County jobs as part of $57M expansion
A joint venture of two Japanese companies that makes steel frames and other parts, primarily for Subaru, said it will double the size of its Jamestown plant to 250,000 square feet.
Knowledge Services plans $17M Fishers HQ, 400 additional jobs
The company, now headquartered in Castleton, plans to build an 80,000-square-foot office building on USA Parkway, to the north of 106th Street, along the busy Interstate 69 corridor, it announced Tuesday afternoon.
City moves to beautify former Outlaws Motorcycle Club compound
As a U.S. attorney, Joe Hogsett was instrumental in arresting dozens of people connected to the club in a 2012 raid. As mayor of Indianapolis, Hogsett wants to transform the infamous site into a park or other community gem.
Cost of cleanup at Noblesville museum site could reach six figures, city says
Indiana environmental officials believe contaminants recently found on the site of the Indiana Transportation Museum are oil-based but don’t think an emergency response is needed.
Indiana governor plans economic development trip to Europe
The governor's office announced Friday that the visit to Hungary will include meetings with government officials and business executives in Budapest.
Gus Macker 3-on-3 hoops tourney returning to Indy
After a 14-year hiatus, the storied Gus Macker 3-on-3 basketball tournament is bouncing back to the Circle City. It will land on the near-west side and boost neighborhood not-for-profits.
IEDC’s Steff to join Trump’s Department of Commerce
Ian Steff, who was named Indiana’s first chief innovation officer less than a year ago, accepted a position in the Trump administration this week to help boost domestic manufacturing.
Tech consulting firm Galvin plans to add 37 jobs
The company, founded in 2004, focused on developing websites before remaking itself last year into a Salesforce integrator, helping clients improve sales, operations, customer service and marketing by using the San Francisco-based tech giant's platform.
Roundup: Indy 500 gets children’s book treatment, golf stars to descend on French Lick
“The Spectacle” aims to educate the next generation of racing fans by breaking down the Speedway’s history. Meanwhile, the Senior LPGA Championship promises to be star-studded.