Drug delivery firm plans distribution center, 46 jobs
Simple Meds LLC, an Indianapolis-based startup, is seeking a city tax break that will help it open a local distribution facility and hire up to 46 people by the end of 2020.
Economic Development
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Cummins would save $4.3M with distribution HQ tax break
Approval of the deal is essentially guaranteed, as Cummins and Indianapolis officials together have heralded the downtown project and its potential economic benefit.
Pence plans trade trip to Israel during holidays
Indiana Gov. Mike Pence plans to travel to Israel this month on a nine-day cultural and economic development trip, the state announced Tuesday.
New welcome sign gets mixed reviews in Seymour
Love it or hate it, the new Seymour welcome sign along Interstate 65, which was designed by an Indianapolis-based firm, is causing a lot of buzz.
Angie’s List agrees to pay if jobs promise falls short
If Angie’s List fails to live up to promises fueling a taxpayer-subsidized headquarters expansion, the company will pay an undetermined amount into an escrow account for the city’s benefit.
City mulling bid to host college football championship game
Two Indiana Sports Corp. executives and possibly two board members are traveling to Dallas Jan. 12 to watch the national football college championship game and see what it would take to host the game at Lucas Oil Stadium.
New CEO Vaughn reworks Sports Corp. playbook
Ryan Vaughn says one of the not-for-profit’s first considerations under his tenure, when going after or creating any sporting event, will be opportunities for area businesses beyond the usual benefits to hotels and restaurants.
Three village hubs marked for investment
Great Places 2020 targets intersections that can anchor city’s next walkable villages.
Price tag for Walmart e-commerce center to hit $102M
The retailer has finalized a contract for state incentives on the 1.1 million-square-foot project, pledging to hire 303 workers by the end of 2015.
State unemployment holds steady at 5.7 percent
Indiana added 5,500 private-sector jobs in October with modest bumps in manufacturing and the trade, transportation and utilities sector.
Association manager plans headquarters expansion
Raybourn Group International plans to expand its corporate headquarters in Indianapolis and add as many as 35 workers over the next nine years, the company announced Tuesday.
Georgia-based wire maker plans Indiana expansion
The country's largest wire and cable manufacturer says it will expand its northern Indiana operations and add as many as 100 workers by the end of 2016.
Kimball to move plant to Indiana, plans 160 new jobs
Office furniture maker Kimball International Inc. plans to sell its metal-fabrication facility in Post Falls, Idaho, and move the plant's operations to Indiana, creating up to 160 jobs by the end of 2016, the company announced Wednesday.
Auto part manufacturer to open Evansville plant
Fisher Dynamics said Wednesday that it will create 169 jobs within two years of the opening of a 113,000-square-foot manufacturing facility in Evansville.
Biotech firm Algaeon switches gears, stays in Indy
After planning a move to Westfield, Algaeon Inc. has instead leased new space in Indianapolis for a research and production facility. Planning 25 hires, it is seeking a tax break from the city on $4.9 million in new equipment.
Initiative raises $1M to boost science-based ag businesses
AgriNovus, the newest initiative of the Central Indiana Corporate Partnership, wants to help Hooosier ag companies play a leading role in figuring out to feed the world’s fast-growing population.
Forbes touts Indiana’s economic record, Pence’s resume
Publisher Steve Forbes tells IBJ why Indianapolis will host a national conference on innovation, why Gov. Mike Pence would make a good presidential candidate, and how the GOP should advance its agenda.
Upstart local casket company about to go under
Genesis Casket Co., a locally based manufacturer that appeared to be on the fast track just a few years ago, has notified the state that it plans to close its Indianapolis headquarters, ending employment for 56 workers.
Westfield weighs public lease for soccer arena
City officials are proposing to pay for the $25 million project at Grand Park Sports Complex through a publicly funded long-term lease.
Kennedy’s growth plans may pit Athletic Annex against company he founded
Bob Kennendy didn’t rule out the possibility of going head-to-head with Runners Forum and Blue Mile, the two dominant specialty running retail stores in this market.