Study: Motorsports industry contributes 23,000 jobs
Purdue University says jobs created by the racing sector in Indiana pay an average annual wage of nearly $63,000, well above the $39,700 state average.
Economic Development
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Indiana county giving $50 million boost to food company
The Wayne County Council on Wednesday approved a $50 million bond issue as part of Sugar Creek Packing Co.’s plans to expand and refurbish the former Really Cool Foods plant near Cambridge City.
Manufacturer of pet supplies adding 80 jobs in Indiana
Rockville-based Scott Pet Products Inc. announced Tuesday morning that it plans to relocate its manufacturing and distribution operations in Tishomingo, Okla., to Newport in western Indiana, creating up to 80 jobs by 2014.
Cancer treatment firm adding 27 jobs in Indianapolis
A North Carolina-based maker of cancer-fighting ultrasound machines plans to create 27 jobs paying an average of $36 an hour at its Indianapolis facility over the next three years.
Auto parts supplier expanding Indiana operations
Tenneco Inc. plans on spending $18.5 million to expand its northeastern Indiana operations after winning a contract to supply emission-control parts to Chrysler. The manufacturer said it will hire an additional 100 workers.
Record number of companies grow Indiana operations
The Indiana Economic Development Corp. said 220 businesses have expanded or started here, and the number could grow before the end of the year.
Iron ore processor plans $350M Indiana project
A Minnesota-based mining company plans to spend as much as $350 million to build a iron ore pellet plant in Indiana, creating up to 100 jobs by 2015, the company announced Tuesday morning.
Speedway, IndyCar owner names Miles as new CEO
Hulman & Co., which owns Indianapolis Motor Speedway and the IndyCar series, has chosen board member and local economic development leader Mark Miles as its new CEO, the firm announced Tuesday morning.
Indianapolis receives $39M loan guarantee from HUD
The city will use the funding to establish a Community and Economic Loan Pool to provide financing for economic development and housing rehabilitation initiatives to benefit people of low and moderate incomes.
Diagnotes takes top prize in health care challenge
Diagnotes LLC’s On Call software, which delivers patient medical records to smartphones of an on-call doctor, won the inaugural Hoosier Healthcare Innovation Challenge.
LEADING QUESTIONS: Community guru preps new HQ
How did the leader of one of Indy's top neighborhood development groups help save part of the City Market? How did he help spark the Super Bowl legacy project? Any advice for home rehabs? Bill Taft has answers.
Truck-parts supplier expanding in Plainfield, adding 82 jobs
Troy, Mich.-based Meritor Inc., a global supplier of commercial truck parts, said it will consolidate North American remanufacturing operations by moving production from Ontario, Canada, to its facility in Hendricks County.
Local scientific software firm plans to add 63 jobs
Indianapolis-based Indigo Biosystems Inc., a scientific software provider, announced Monday morning that it plans to add 63 jobs by 2015 as part of a $1.4 million expansion.
ADM planning $29M expansion on city’s southeast side
Decatur, Ill.-based ADM Milling Co. is seeking tax incentives related to its plans to construct a six-story building to increase its milling capacity. The expansion will help it retain 53 workers.
Life sciences logistics firm plans to add 108 workers
Indianapolis-based BioStorage Technologies Inc. is planning to add 108 jobs in the next five years as part of a $7 million expansion and is seeking financial incentives from the city for the second time in three years.
State fund invests $600,000 in neutron-detection company
The Indiana’s 21st Century Fund investment will help PartTec Ltd. commercialize its technology. The money will be co-invested with $1.2 million in private funds.
Production of Inc. 500 firms ranks city sixth nationally
The Indianapolis area produced more Inc. 500 companies per person from 2001 to 2010 than all but five other U.S. metro areas with more than 1 million residents, according to a recent study by the Kansas City-based Kauffman Foundation.
Japanese car supplier plans to add 60 workers in Greensburg
Hitachi Powdered Metals (USA) Inc.said it will invest $38.4 million to build and equip a second facility on its 30-acre campus in Decatur County.
MacAllister Machinery expanding in southwest Indiana
Indianapolis-based MacAllister Machinery Co. Inc. said it will spend nearly $9 million to expand its Daviess Count facility and create up to 61 jobs by 2016.
Lilly CEO calls for life sciences research institute
Eli Lilly CEO John Lechleiter on Tuesday called for creation of a “world-class” research institute in Indianapolis to bring together scientists from universities and corporations to develop new medical therapies and companies.