Abandoned P.R. Mallory factory to get new life as Purdue high school
The east-side factory used to employ 1,500 dry-cell battery makers, but has been abandoned for decades.
Economic Development
Articles
Parts distributor plans to open warehouse in Brownsburg, hire 118
Avept Inc., a distributor of powersports and automotive parts, said it will spend $6.3 million to buy, renovate and equip a 100,000-square-foot building in the Hendricks County community.
Pete Dye, still swinging at 90, to open new golf course in Westfield
Chatham Hills officials said their golf course could be the best that legendary golf architect Pete Dye, 90, has developed in Indiana. Could it be home to the state’s next PGA event?
Liquor distributor plans $7M renovation, 30 new jobs on south side
The parent company of National Wine & Spirits, has applied to the city for a property-tax abatement on the project that will save it an estimated $335,243 over the eight-year abatement period.
GOP’s Holcomb says keeping surplus key for Indiana economy
Protecting Indiana's state government surplus and completing some big-ticket transportation projects are among the items Republican gubernatorial candidate Eric Holcomb said Tuesday were keys for spurring business growth.
Developers ironing out details on $20M housing project in Mapleton-Fall Creek
Mapleton-Fall Creek Development Corp. and Merchants Affordable Housing Corp. are closing in on a complex financing plan for the proposed low-income housing development.
E-commerce firm investing $4.75M to open 75-worker Plainfield fulfillment center
VMInnovations will distribute everything from electronics to baby products from a 160,000-square-foot building it is renovating at 2812 Airwest Blvd.
FedEx planning $170 million in improvements at airport hub
According to a tax-abatement application with the city, FedEx plans to install $170 million in new package-sorting equipment, while adding 27 full-time jobs and 178 part-time jobs. It would also retain 728 full-time and about 3,200 part-time workers.
Food producer relocates to southern Indiana from Illinois
Enjoy Life Foods said Thursday it plans to create 200 new jobs in Jeffersonville by the end of 2017. It already has hired 100 employees there.
Is free trade political rhetoric in step with reality?
Experts say the impacts of free trade agreements, such as NAFTA, have been a mixed bag.
State offered $24M in incentives to companies offshoring jobs
Since Indiana Gov. Mike Pence took office in 2013, the state’s economic development agency has approved $24 million in potential incentives to 10 companies that sent work to foreign countries, according to a newspaper report.
Indiana names 14 ‘Companies to Watch’
Companies to Watch recognizes high-performing, second-stage businesses that are developing innovative products and business practices.
Lebanon seeks to be food-sector hot spot
Conveniently located just west of Interstate 65 between State Road 32 and State Road 39, the 1,250-acre Lebanon Business Park is already home to several large food manufacturers.
Trucking giant pegs Whitestown for parts distribution center, 45 hires
A company that sold more than 160,000 trucks last year intends to spend $12.35 million to lease and equip a 283,500-square-foot facility for sending parts across the Midwest.
Ken’s Foods plans $90M plant, 150 jobs in Lebanon
The company will locate in the Lebanon Business Park and pay salaries “well above $20 per hour,” an economic development official said.
Geofeedia cuts Indy marketing operations in reorganization, loses local leader
The Chicago-based tech firm, which planned to hire hundreds in Indianapolis and considered moving its headquarters here, has streamlined local operations. Meanwhile, top local exec R.J. Talyor has parted ways with the company.
State economic development agency names innovation chief
Ian Steff will be responsible for overseeing IEDC strategies as part of Gov. Mike Pence’s $1 billion initiative to advance innovation and entrepreneurship in the state.
Citimark planning $33M office campus near downtown Fishers
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
Hogsett vows ‘discernible progress’ on tackling urban blight
Mayor Joe Hogsett pledged to use federal Hardest Hit Funds, which the city announced with great fanfare in September 2014, to demolish about 336 properties by the end of 2017.
Business groups see ‘home run’ with Trump’s lower corporate tax
Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.