Zionsville, Boone County offer deal to land IT staffing firm
Indianapolis-based Smart IT Staffing Inc. is considering a move to Northwest Technology Center in Zionsville, where it would have room to add 85 jobs over the next five years.
Economic Development
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Auto parts supplier plans Indiana factory, 253 jobs
Tenneco Inc. announced Wednesday that work is underway preparing an existing 150,000-square-foot building in a Jeffersonville industrial park for the factory.
Large crowds buoying pro sports teams
There’s never been a better time to be a professional sports franchise operator in Indianapolis. Season-ticket renewal rates and attendance are near record levels. But some observers wonder whether too much of a good thing could turn into a bad thing if spending on sports outruns growth in the local economy.
UPDATE: Tech entrepreneur Braun named DWD commissioner
State Rep. Steve Braun, an entrepreneur who sold a publicly traded technology company a decade ago, will take over leadership of the Indiana Department of Workforce Development in late November, Gov. Mike Pence announced Thursday morning.
Boone County agency taps native as eco-devo leader
Molly Whitehead joined Boone Economic Development Corp. as executive director Aug. 18, a little more than a month after predecessor Bryan Brackemyre left for a job at Ernst & Young.
Ten local innovations chosen to reap awards
New things ranging from apprenticeships to beer dispensers to the Indianapolis Zoo's orangutan exhibit are in line for awards at this year’s Day of Innovation at Hilbert Circle Theatre.
U.S. economy forecast to grow by 1.5 percent in 2014
The Congressional Budget Office says the U.S. economy will grow by just 1.5 percent this year — hurt by a poor first-quarter performance. This new assessment is considerably more pessimistic than the Obama administration’s.
HQ move earns pharma firm another tax break
A Carmel-based institutional pharmacy plans to invest $8 million expanding its Noblesville operations, which include its headquarters. On Tuesday, it received its second tax-incentive deal from the city in two years.
Feds’ new data adds shine to Hoosier incomes
In April, the U.S. Bureau of Economic Analysis began considering cost of living alongside the stew of income figures it has long collected, and the new, adjusted income numbers make both the metro area and the state look like better places to live.
Noblesville eyes plans for $10M park, amphitheater
Officials hope to bolster the city’s “hipstoric” downtown and jump-start redevelopment of a key community gateway. But the price strikes some as steep.
Indianapolis Downtown Inc. to go by new name
Indianapolis Downtown Inc., a 21-year-old public-private promotional group, plans to do business under a new name as part of a strategic plan, it announced Wednesday morning.
Carmel sports marketing firm plans headquarters expansion
U/S Sports Advisors said it will spend $1.1 million on an expansion at its Carmel headquarters, increasing employment by 36 jobs by the end of 2018.
Real estate company proposing $26 million development
Becknell Industrial LLC has proposed a $26 million, three-building development on the northwest side of Indianapolis that would be ready for tenants by early 2015.
Cardinal Health unit seeks tax breaks for local drug facility
A subsidiary of Dublin, Ohio-based Cardinal Health Inc. is seeking tax breaks from the city of Indianapolis to help it open a $14.4 million local drug-production facility that would employ 85 workers by 2017.
Sun King plans $8.8M brewery, tasting room in Fishers
Homegrown craft-beer maker Sun King Brewing Co. plans to build a second production facility and tasting room in Fishers, adding capacity as it widens its reach. The Town Council will consider a $2.5M economic development deal Monday night.
Mattress maker plans 300 jobs in Plainfield
Mattress maker Tempur Sealy International Inc. plans to open a manufacturing and distribution facility in Plainfield, creating up to 300 jobs by the end of 2015, the Lexington, Kentucky-based company announced Thursday afternoon.
Hendricks County pitching motorsports skill, expertise to medical manufacturers
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
State needs better water management, report says
The Indiana Chamber of Commerce warns that demand for water from businesses and residents could outstrip the available supply in coming decades.
Report: Indiana consumer spending rebounds from recession
A new report by the U.S. Commerce Department shows that consumer spending in Indiana has rebounded from the end of the Great Recession faster than the national average.
Hospital services center to hire up to 320 workers
An affiliate of Lutheran Health Network in northeast Indiana that concentrates on health-related businesses services expects to nearly triple its workforce.