Medical-equipment repair firm investing $1M, adding up to 31 jobs
Cryogenic Solutions Inc. is consolidating a recently acquired New York company into Indianapolis and doubling space at its S. Lynhurst Drive headquarters to accommodate it.
Economic Development
Articles
Study says swaths of city in decline
A new study commissioned by the not-for-profit land bank Renew Indianapolis shows that just a tiny fraction of the city’s population is benefiting from renewed investment.
HomeAdvisor plans to add second Indy office, create 170 more jobs
The fierce rival to Angie's List has hired more than 70 workers since opening its Indianapolis office early this year. It will expand that office—at 1 Virginia Ave.—and open a second one at 342 Massachusetts Ave.
Cook Group plans $16.5M local expansion, 82 jobs
The company said the expansion would help it retain 68 employees in Marion County who make an average of $28.85 per hour and hire 82 making similar wages over the next five years.
Study: Public investment in Indiana’s tech sector showing results
The study, funded by the Indiana Economic Development Corp., examined $30 million in state and federal funding awarded to 74 entities around the state from 2010 to 2014.
Subaru supplier investing $111M, adding 114 jobs in Madison County
Japan-based ELSA Corp., which already employs 350 workers in Elwood, is adding production lines to make fuel tanks, exhaust systems, air cleaners and air ducts for Subaru.
Feds pitch in to help Citizens with plan to redevelop coke plant
The plant closed in 2007, taking 300 jobs. It opened in 1909 and at one point produced all the gas used for heating Marion County.
Report: Indy ranks fifth in tech-job growth
The report from the real estate tracking firm CBRE said the tech labor pool in the metropolitan area expanded by 27.9 percent, or 5,423 jobs, between 2013 and 2015, accounting for just over one-third of new office jobs.
Westfield’s Grand Park far from break-even
Since opening in summer 2014, Grand Park has operated millions of dollars in the red and is projecting a $3.86 million deficit next year. Revenue is growing—but so are expenses.
Workforce-related tech firms plan 284 Indiana jobs
Hendricks County-based Safe Hiring Solutions LLC and sister company Safe Recruiter Solutions on Thursday announced plans to expand operations in Indiana.
Cabinet company investing $5M in new downtown design studio, plans to hire 200
CliqStudios, the nation’s largest online retailer of semi-custom kitchens, said the studio will employ designers who will work with homeowners nationwide to plan and design construction or remodeling projects.
Fire-protection firm on near-east side plans to hire 137
Team 360 Services has expanded rapidly since starting in 2005 as a cleaner of restaurant exhaust systems. It now provides a range of fire-protection and building services and employs 300 nationally.
TriMedx plans $21.5 million expansion, 108 jobs
TriMedx, a provider of health care technology management services, said it would invest the money in its 78,000-square-foot corporate headquarters near West 71st Street and Zionsville Road and elsewhere in the state.
Cummins CEO: Companies need to stand up for free trade, TPP
Tom Linebarger points to the company’s Seymour plant where 800 employees produce high-speed diesel engines—70 percent of which are exported globally—as a key reason he believes free trade is good for the Hoosier worker.
Electrical safety firm to expand in Zionsville, add 30 workers
Lewellyn Technology plans to add a training center to its current headquarters.
Mayor unsure how much of Rexnord incentives city could claw back
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
Indiana, Illinois still working on Illiana Expressway plans
Transportation officials in Indiana and Illinois expect to complete a revised environmental impact assessment for the proposed 47-mile Illiana Expressway between the two states this fall.
New eco-devo VP wants to encourage ‘tech boom’ in Indy
Ian Nicolini, 33, will serve as vice president of Develop Indy after his whirlwind tenure as town manager of Speedway. As in his previous position, Nicolini is charged with attracting companies and jobs to the area.
Indy firm specializing in prescription discounts plans to hire 230
Rx Help Centers, which helps insured and uninsured patients extract discounts on brand-name and generic drugs, has grown rapidly since shifting its focus from individuals to employers last year.
Indiana Biosciences Research Institute picks chief scientific officer
Rainer Fischer most recently served as senior executive director of the Fraunhofer Institute for Molecular Biology and Applied Ecology in Germany. The institute is part of the largest applied science research organization in Europe.