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.
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.
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.
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.
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.
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.
Indianapolis Airport Authority has lots of economic development opportunities, despite a difficult industry environment, insists the airport’s new senior director for commercial enterprise, Michael Huber.
The Evansville company plans to install more than 200 miles of fiber-optic lines in Franklin.
It’s invigorating to see the big potential of grass-roots economic development efforts. Take, for example, the Reconnecting to Our Waterways initiative, a mammoth plan to use six waterways in the city to attract investment and improve the neighborhoods that surround them.
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.
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.
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.
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.
The projections released last month by Trust for America’s Health were sobering: By 2030, more than half of Hoosiers will be obese.
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.
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.
Officials say Amazon.com Inc.'s new warehouse and distribution center in southern Indiana has started operations with more than 1,000 workers.
More than 100 local groups are joining forces to rehabilitate neglected rivers and streams in Marion County in the hope of sparking redevelopment.
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.
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.
