Applied Composites Engineering Inc., an Indianapolis-based designer and manufacturer of products for the aerospace industry and military applications, is planning to spend $2.5 million on equipment that would help it double its work force over the next six years.
The state’s jobless rate has been on a downward spiral in recent months, dropping from 8.4 percent in July to 8.1 percent in August, then falling to 7.8 percent in September.
Online electronics retailer Newegg Inc., which reached an inducement deal with the city in September to open a distribution center in Indianapolis, has landed even more incentives from the state, the Indiana Economic Development Corp. announced Wednesday.
The Zionsville-based firm said it will spend $1.4 million to lease and equip a 16,626-square-foot headquarters facility at Northwest Technology Park to allow for the expansion.
Former Sen. Richard Lugar won the Indiana Chamber of Commerce Government Leader of the Year award Tuesday night, even though the Republican was ousted from office in 2012.
The U.S. economy expanded at a 2.8-percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown.
Rick Pease was hired by the state after a 30-year career at Columbus-based Enkei America, the North American division of a global automotive supplier.
The software developer moved across town to a new address in 2012, which nullified its agreement with the city—although it's still on track to meet its goals for new investment and hiring.
The central Indiana business news authority has elevated the idea behind its popular Forefront section and created a website similarly focused on commentary about politics, policy and government.
Indiana University officials may need to unveil a plan to upgrade and operate the IUPUI Natatorium by Dec. 10 if Indianapolis is going to have a shot to host an Olympic trial in 2016.
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
An independent review of Elevate Ventures found the state contractor needs more oversight even though it is "substantially compliant with its investment and operational requirements,” Indiana Gov. Mike Pence's office said Friday.
Arthur Laffer is reviled by the big-government crowd for blaming high tax rates for slow economic growth. He’ll discuss his cautionary tale for states while in Indianapolis next week.
The city's big-spending redevelopment commission, which helped fund some of Carmel's most ambitious projects, now is facing a tight budget, a staff exodus and brow-raising audit.
With a $60 million-plus investment, the university aims to take molecules from discovery to clinical trials.
Businesses will begin using their profits and horded cash to reinvest in themselves in 2014, helping push economic growth back to a more comfortable 2.5 percent, according to John Augustine, chief market strategist for Fifth Third Bank.
The International Cricket Council president says the $6 million World Sports Park is enhancing Indianapolis' global reputation even before it opens.
Tec Air Inc. plans to transfer its current workforce of about 150 employees to its new headquarters and hire about 100 more by 2016.
The Kaiser Family Foundation found that 182,000 residents fall into a health insurance coverage GAP, and a jobs study found almost half of Indiana’s fast food workers are also receiving public assistance.
Three central Indiana cities that once had thousands of auto workers have joined together in seeking a $20 million federal grant to help attract new businesses to their empty factories.
