Kokomo-based Haynes International Inc. plans a $23.5 million project to increase production at a central Indiana factory where it makes specialty metal plates and sheets for the aerospace and other industries.
After accepting the post of Purdue University president, Gov. Mitch Daniels finds himself at the heart of the debate over the value of a traditional college degree versus its cost and the needs of employers who simply want skilled workers.
The tax-increment finance district created around the former United Airlines maintenance hub at Indianapolis International Airport doesn’t generate enough revenue to meet its annual debt payment. Neither do several other area TIF districts.
The city of Indianapolis granted preliminary approval for an eight-year tax abatement to Arcamed Inc., which plans to purchase $1.4 million in equipment to design and manufacture titanium and case-tray systems for surgical instruments.
Skjodt-Barrett Contract Packaging said it plans to add the jobs by the end of September, about a year earlier than expected, due to increased demand for its products. The company has 100 employees.
Mooresville-based Equipment Technologies, which makes self-propelled sprayers for agriculture, says it plans to hire 56 new people by 2015 as part of an expansion.
The May jobless rate in Indiana was unchanged from April, although the state added 7,700 private-sector jobs last month, with gains in sectors including trade, transportation, utilities, and private educational and health services.
NTN Driveshaft Inc. said it will add the jobs by 2013 as part of an $18 million expansion that will include purchasing additional equipment for its 1-million-square-foot facility.
Officials expect a plastic packaging manufacturer to start production this summer at a former central Indiana auto-parts factory that closed six years ago.
Work could start this month on a new turkey processing plant in southwestern Indiana a company expects to open with about 350 workers.
A Fort Wayne-based retailer of music and sound equipment said Friday that it plans an expansion that would roughly double the size of its headquarters campus and create more than 300 jobs by 2016.
Sweetwater Sound Inc. in Fort Wayne plans to invest $23.5 millon and hire 316 additional workers within four years.
United Parcel Service Inc. is planning a $10 million modernization project for a regional transportation hub in Indianapolis and is seeking tax incentives to help make it happen. The project would help the company retain 750 local jobs.
Following setbacks, industry leaders prepare to launch innovation center downstate
Most local economic development organizations rely on private contributions and some government money to support their efforts. But an unstable economy has led to some belt-tightening and soul searching on alternative ways to fund the associations.
Nearly all of the $3.8 billion the state received from leasing its toll road is spent or committed, and Conexus Indiana says roads and bridges are crumbling again. How does the group, which focuses on manufacturing and logistics, recommend paying for infrastructure improvements? In effect, by raising taxes.
The oil refiner, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human resources and information technology workers.
National Government Services Inc., which processes Medicare and Medicaid claims for the federal government, attributed the job reductions to the loss of a government contract. The subsidiary will still have about 500 workers in Indianapolis.
The Greater Indianapolis Chamber of Commerce will lead economic development efforts for central Indiana by merging with Develop Indy, Indy Partnership and Business Ownership Initiative, the groups announced Thursday.
Subaru already employs 3,600 at its Lafayette facility, with 600 workers added in the past three years. The expansion will ramp up production from nearly 171,000 cars a year to at least 180,000.
