The Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to be in the top tier of U.S. racing venues, sports business experts said.
Automotive supplier Valeo expects to invest $15.5 million in new machinery for its Greensburg facility as part of its plans to expand operations in the plant and bring more than 200 workers onto the company payroll by 2014.
Elona Biotechnologies Inc., which has been struggling to repay Greenwood for more than $8 million in economic development incentives, says it has solution to its financial problems.
Indianapolis-based Hahn Systems LLC said it will add 20 jobs by 2016 as part of a $900,000 expansion that includes purchasing and equipping a 27,000-square-foot facility.
Indiana officials are withholding state backing for a Posey County fertilizer plant over concerns whether its Pakistan-based owners are doing enough at its overseas operations to keep the potentially explosive material from being used against U.S. troops.
Dealer Services Corp. in Carmel has begun operating as NextGear Capital after being acquired by Atlanta-based Manheim Inc. NextGear plans to relocate in the next month and double its employment, to 450, in the next year.
State officials have suspended their support for a proposed southwestern Indiana fertilizer plant while they investigate a Pakistani company involved in the project.
Marty Vanags, CEO of the Bloomington-Normal Economic Development Council in Illinois, will start work March 1 at The Indy Partnership.
Frustrated by up-and-down state funding for startup life sciences companies, industry leaders are talking up a plan to create a dedicated funding stream that could total $30 million a year.
Accelerated Tanks and Trailers, a division of a Carmel-based company, plans to open a Fort Wayne manufacturing plant that could bring about 300 new jobs to northeast Indiana by 2016.
Indianapolis-based Pearl Pathways, founded by two former Eli Lilly employees, plans to move into new space in March and add the jobs by 2016.
The Indiana Senate Tax and Fiscal Policy Committee unanimously passed legislation Tuesday meant to makes the state’s job-creation efforts more open to the general public.
Greenwood-based Elona Biotechnologies Inc., which has been trying to bring a generic version of insulin to market, was declared in default on $8.4 million in incentives from the city of Greenwood.
The proposals of Indiana Gov. Mike Pence and Maryland Gov. Martin O’Malley epitomize the reality of the Red State and Blue State philosophy of just what a ‘jobs budget’ looks like.
The Indianapolis-based trucking carrier plans to build a $5.25 million driver-training center and add 182 jobs as part of its latest expansion at its east-side corporate campus.
The downtown brewery plans to spend $2.1 million on additional equipment and add 20 jobs by 2016 in exchange for a tax abatement from the city.
An Austin, Texas, economic development manager with Indiana roots will soon be in charge of bringing new businesses to Indianapolis.
The Indiana Sports Corp. is making a bold bid to host the 2016 U.S. Olympic Swimming Trials inside the cavernous Lucas Oil Stadium. And that's just the beginning of the ambitious plans the organization's new CEO is drawing up.
U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff.
Indianapolis-based trucking carrier Celadon Group Inc. plans to build a $5.25 million driver-training center and add 182 workers to its 633-employee local work force by 2016.
