Two automotive suppliers plan expansions in Marion County
Innovative Coating Solutions and Reflex & Allen USA expect to add a total of 93 employees over five years and are seeking tax breaks on $3.5 million in new equipment.
Economic Development
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Shelbyville sees spark of revival downtown
A homegrown revival in Shelbyville could gain serious momentum with redevelopment of the vacant First Methodist Building, one of the most prominent buildings on the circle. A California investor bought the five-story building in May and plans a $3.5 million renovation.
San Diego wellness-program firm plans 300 jobs in Carmel
American Specialty Health has lined up office space along North Meridian Street. The company may establish Carmel as its new headquarters.
Rx benefits manager plans to hire 205 by 2015
Lisle, Ill.-based Catamaran Corp. has committed to hiring 104 full-time, permanent employees next year and a total of 205 by 2015.
Pence appoints members to Career Council
The panel is tasked with identifying available jobs, determining which skills are needed to fill them and analyzing where the state is spending job-training money, and likely realigning those efforts.
U.S. economy adds 195K jobs; unemployment rate steady
The job growth suggests a stronger economy and makes it more likely the Federal Reserve will slow its bond purchases before year’s end.
Hostess set to resume full production in Indy
Hostess Brands LLC wants to have its Indianapolis plant in full production by the end of next week, an executive said Wednesday. The company received a tax incentive agreement worth $536,000 from the city on Wednesday.
GM supplier plans opening factory near Fort Wayne
A Canadian-based General Motors supplier plans to open a new facility near Fort Wayne and hire up to 160 workers in the next few years.
Benefits firm to continue growth spurt, add 25 jobs
Nyhart Actuary & Employee Benefits plans to invest $840,000 to lease and equip an expansion of its Indianapolis headquarters, and already has started hiring.
Powerball sales drive Hoosier Lottery revenue to record high
The state lottery expects to pull in $945 million for the fiscal year ending June 30. Meanwhile, lottery operator GTECH Indiana plans to start televising Powerball and Mega Millions drawings this summer.
City to review tax breaks for five tech firms
The biotech and technology companies could see their Marion County tax abatements reduced or cancelled if officials decide they didn’t fulfill promises on new investment and hiring.
Posey County backs bonds for $1.3B fertilizer plant
A southwestern Indiana county is issuing $1.3 billion in bonds for a fertilizer plant being developed by a Pakistan-based group after Gov. Mike Pence pulled state support.
Indy-based 3D printer lands incentives for expansion
3D Parts Manufacturing LLC plans to invest $6 million to lease and equip 25,000 square feet of operations space and hire 65 workers by 2018.
New Hostess owners want abatement for equipment
The new owners of Hostess Brands are seeking a tax abatement to support investment of $10 million in new equipment for a plant on the east side that could employ up to 145 people.
Japanese auto supplier adding 103 jobs in Columbus
Sunright America, a maker of nuts, bolts and specialty fasteners, plans to invest $35 million to build and equip two additional facilities on its 33-acre campus.
Greenwood sues over failed pharmaceutical facility
Greenwood Mayor Mark Myers says city officials had tried for months to help with talks with possible investors for Elona Biotechnologies, without any progress.
IDI’s Velocity project plumbs urban neighborhoods
The strategic planning project is holding a series of neighborhood roundtable meetings this month in hopes of having final recommendations for the future of downtown by the end of the year.
Bio-Response expanding in Hendricks County
Wastewater equipment maker is moving to a Danville business park to build a $1.1 million facility.
Manufacturer plans $30.2M expansion in Franklin
NSK Corp. and NSK Precision America Inc. said the project will allow them to hire 46 additional workers by 2016 at their 63-acre corporate campus.
IDI seeking input for strategy
Velocity, the downtown strategic planning project launched by Indianapolis Downtown Inc., is holding a series of neighborhood roundtable meetings in June to gather input about the future of downtown and surrounding neighborhoods.