Sun King’s Fishers brewery could be delayed to 2018
The Fishers City Council might vote on a resolution Monday night that would extend the economic-incentives deal for the proposed destination brewery and tasting room by two years.
Economic Development
Articles
State to spend $750K in developing ad campaign to undo harm
Indiana is going to pay a New York public relations firm up to $750,000 to come up with a plan to try to rebuild the state's damaged image after widespread criticism over the Religious Freedom Restoration Act.
State tweaks law to entice $500M Rolls-Royce upgrade
If a tailor-made tax credit is any indication, Rolls-Royce Group plans to spend at least $500 million modernizing its Tibbs Avenue jet-engine factory.
Noblesville OKs $3.7M in incentives for BlueSky
Noblesville Common Council approved spending up to $3.7 million to persuade an e-commerce consulting firm to build a new headquarters near downtown Tuesday night.
Software firm Bloomerang snags free land for HQ move
The donor-management software firm says it plans to spend at least $8 million building a headquarters complex at Fort Harrison, part of an attractive deal that involves free public land and a roughly $300,000 grant.
Rivoli theater renovation would help spur arts hub
A plan to save the 1927 structure is beginning to take shape as part of a larger effort to transform the three-block stretch of East 10th surrounding the Rivoli into a magnet for arts-based organizations.
Pence set to sign bill for regional development program
A new state grant program aimed at encouraging Indiana counties and cities to collaborate on regional development projects is set to be signed into law by Gov. Mike Pence on Wednesday.
Iron ore maker with huge Indiana plant seeks bankruptcy
Magnetation LLC, which operates a massive iron ore pellet plant in Indiana, has filed for bankruptcy. The company announced plans for the Reynolds plant in late 2012, saying it would spend as much as $350 million on the facility and create up to 100 jobs there by the end of this year.
Beverage bottler plans $6.3M local distribution center
American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.
Local environmental firm planning expansion
Locally based Environmental Forensic Investigations Inc. plans to move into a larger headquarters near downtown, doubling its employment to 84 over the next five years.
Health care referral service plans to hire 180 by 2019
Indianapolis-based HealthPro suggests health care providers to patients based on the providers’ prices, proximity and availability.
New workforce thrust aims to boost Indy tech expertise
Businesses and other employers can anticipate more technologically literate college graduates—and see their existing employees raise their tech game—if a new program pans out.
Lebanon power tool company plans $6.8M expansion
Lebanon-based tool manufacturing Festool USA on Monday announced plans to add 55 workers as part of a $6.8 million expansion.
Pence planning May trade mission to China
Pence will travel with a delegation of Hoosier business leaders to Beijing, Shanghai and Hangzhou, the capital city of Zhejiang Province, Indiana’s Chinese sister-state. The delegation plans to leave May 9 and return May 16.
Downtown TIF district awash in cash
The Indianapolis downtown TIF district is so flush with cash that the mayor can cover all its debt payments, fund two layers of reserves, and still have tens of millions to spend at his discretion.
Carmel HR consulting firm plans expansion
Human resources consulting firm HRD Advisory Group LLC plans to expand its Carmel headquarters, adding 25 employees by the end of 2019, the company announced Tuesday night.
Economic development exec leaves Indy Chamber
Martin Vanags, who leads economic development efforts for the Indy Chamber, is moving on to a new position in upstate New York.
Fishers to buy $3.1M building for co-working program expansion
The city of Fishers is proposing to purchase a new building for its entrepreneurial co-working space that would triple the size of the facility.
Former Chamber chief tapped to run Elevate Ventures
Christopher LaMothe, who led the Indiana Chamber of Commerce as president from 1992 to 2002, has been named CEO of Elevate Ventures, a not-for-profit investment group that runs the Indiana Angel Network Fund.
Tech firm founded by Purdue grads to grow in Indy
Dattus Inc., an early-stage company with roots in the Purdue Foundry entrepreneurship hub, has moved to offices in Indianapolis and plans to create 37 jobs by 2020.