Banks eager to loan, but small firms hold back
Indiana banks can tout more success in small-business lending since the recession ended, but the success is hard-won because the masses of entrepreneurs remain cautious about borrowing.
Economic Development
Articles
Energy drink maker plans $25M Wabash expansion
Living Essentials, the producer of 5-hour Energy, announced Wednesday it would build and equip a plant in Wabash that could employ up to 200 people.
Hopes slipping among state business owners
A survey of Hoosier business owners shows an increasingly a ho-hum outlook, with only one in seven optimistic for their own company and even fewer encouraged about the U.S. economy.
U.S. unemployment rate falls to 7.8 percent, wages rise
The nation’s jobless rate fell from 8.1 to a 44-month low of 7.8 percent in September, according to government data, as employers added 114,000 jobs. Wages rose over the month, and more people started looking for work.
EDITORIAL: Residents’ health a weighty issue
The projections released last month by Trust for America’s Health were sobering: By 2030, more than half of Hoosiers will be obese.
City asks developers to make local hires in downtown TIF
Indianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers, city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent of their work force comes from within the expanded TIF area.
Two locally hosted sporting events score national recognition
The inaugural Big Ten Football Championship and Super Bowl XLVI, both held at Lucas Oil Stadium, were recognized as ‘Event of the Year’ in their respective categories at the SportsTravel Awards held Oct. 4 in Detroit.
Operations start at Amazon’s new Indiana warehouse
Officials say Amazon.com Inc.'s new warehouse and distribution center in southern Indiana has started operations with more than 1,000 workers.
City waterways initiative floats economic development ideas
More than 100 local groups are joining forces to rehabilitate neglected rivers and streams in Marion County in the hope of sparking redevelopment.
Local software developer plans to add 25 jobs
Connect Think LLC said it will add the jobs by 2016 and will invest $244,000 in equipment to continue its focus on mobile application development.
MORRISON: Obesity extracting huge cost in competitiveness
A friend recently asked me, “What’s the connection between healthy communities and economic development?” I set out to explain why no community can compete in today’s economy without healthy brainpower.
Women’s retailer plans $37M expansion, 242 jobs
New York-based Ascena Retail Group, whose female clothing brands include Justice, Lane Bryant, Maurices and Dressbarn, plans to transform its 794,000-square-foot warehouse in Greencastle into an e-commerce distribution hub.
City lands grant to study reuse of old automotive sites
Federal and local funds will be used in the effort to reposition manufacturing sites abandoned by GM, Ford, Chrysler and Navistar.
Local services firm plans expansion, up to 100 jobs
Business services firm First Advantage said Tuesday that it plans to move its operational headquarters from St. Petersburg, Fla., to its local offices in Fishers, creating up to 100 jobs in the process.
Indiana auto-parts supplier set to add jobs
An auto-parts supplier in northeastern Indiana plans to expand its operations and create as many as 95 new jobs.
Study: Indiana tax code discourages small businesses
A new study of Indiana's business tax structure suggests the state's tax code discourages the small, home-grown businesses often considered the engines of job creation.
Anderson City Council OKs $14M abatement for Nestle
The Swiss company hasn't decided where in the United States it will put a new production line. If it chooses Anderson, employment at the plant would increase from 660 to about 760.
TIF expert is adviser to many municipalities
Loren Matthes helped broker first tax-increment financing deal in the state
Auto parts manufacturer plans plant, 47 jobs in Shelbyville
Faeza Alloyers USA, a metal alloys manufacturer and fabricator, said it will invest nearly $7.6 million to construct and equip a 36,000-square-foot facility in Shelbyville, its first in the United States for the Mexico-based company.
Food manufacturer plans $28.5M project, 400 jobs in Indiana
An Ohio-based food manufacturer announced Monday morning that it plans to spend $28.5 million to expand a vacant food plant in eastern Indiana, creating up to 400 jobs by 2016. The plant was formerly used by Really Cool Foods.