Car parts maker to expand operations, hire 120
Mayco International LLC will invest $2.9 million and significantly boost employment at its Hartford City plant, due to new client orders for interior sunshades.
Economic Development
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Shoe maker targets Indiana for 184 customer-service jobs
The maker of Stride Rite, Sperry Top-Sider, Hush Puppies and Keds footwear plans to expand operations in Richmond, creating 184 jobs by 2017 and retaining 130 workers in the city about 65 miles east of Indianapolis.
Security firm’s job-creation plans draw state incentives
Allegion PLC’s plans to add employees at its North American headquarters in Carmel could earn the global security firm as much as $2 million in tax credits from the Indiana Economic Development Corp.
Region registering impressive tech-job gains
Indianapolis’ and Carmel’s work forces were so lacking in high-tech jobs in 2001 that the void led to breakneck-speed hiring over the past 12 years as the cities caught up—faster than almost any other place in the United States.
Downtown plan proposes street changes, parks, lighting
A not-for-profit’s proposal for downtown Indy focuses on making it more comfortable and dynamic for urban dwellers.
Software startup lands state incentives, plans growth
AppealTrack, which makes software that manages property tax appeals, expects to double its staff to 14 by 2016.
Westfield gearing up for big hospitality play
Westfield’s massive Grand Park Sports Campus doesn’t open until March, but city leaders already are focused on making sure the 1 million-plus visitors they expect next year want to come back.
Manufacturer seeks tax break, plans to add 100 jobs
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.
Indiana unemployment rate sinks to 7.5 percent as state adds jobs
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.
Newegg lands incentives from state for distribution center
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.
Health care cloud firm expanding, adding 62 jobs
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.
Lugar big winner at Indiana Chamber awards night
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.
U.S. economic growth perks up in third quarter
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.
Ex-Japanese biz exec to lead state’s Asian strategy
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.
T2 Systems loses tax break over technicality
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.
IBJ rolls out politics website
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.
Clock ticking on Natatorium decision, Olympic trial hangs in balance
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.
Startup bakery seeking tax breaks on $78M project
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.
Review recommends stronger oversight of state contractor
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.
Reagan’s supply-side guru to address accountants in Indy
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.