Sound equipment retailer launching expansion
Sweetwater Sound Inc. in Fort Wayne plans to invest $23.5 millon and hire 316 additional workers within four years.
Economic Development
Articles
UPS plans $10 million upgrade on northwest side
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.
State’s advanced battery initiative charging ahead
Following setbacks, industry leaders prepare to launch innovation center downstate
Local sales tax could aid economic development
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.
Conexus: State growth will slow without more infrastructure investments
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.
Calumet plans to add 48 jobs at Indianapolis headquarters
The oil refiner, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human resources and information technology workers.
Local WellPoint unit eliminating 112 employees
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.
Chamber to merge with economic development groups
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 to add 100 jobs as part of $75 million expansion
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.
Indiana governor hopefuls detail ideas for job growth
Republican Mike Pence, Democrat John Gregg and Libertarian Rupert Boneham each say job creation would be “job one” if elected governor. But their means to reaching employment goals vary from dispatching missionary-style investment gurus, to growing more hemp and bamboo, to increasing wind-turbine manufacturing in the state.
Local automotive supplier in line for new city incentive
A shorter-than-usual abatement plan during which no property taxes are paid for three years is expected to help Van’s Electrical Systems invest $427,000 to purchase and rehab a vacant building on the city’s west side.
Indianapolis margarine plant planning $44 million upgrade
ConAgra Packaged Foods LLC is seeking city tax incentives as part of a $44 million plan to upgrade its plant on the northwest side of Indianapolis and retain 392 workers.
Alabama firm that irked suppliers promises to add 350 jobs
Advanced Metal Technologies of Indiana Inc., an auto and industrial parts maker owned by the Alabama-based Whitesell Group, said it will locate its operations in Jeffersonville and add 350 jobs by 2015.
Purdue’s Indy tech incubator nearing capacity
Officials consider expanding facility that got off to a slow start but began filling up last fall.
Fast-growing One Click lands $1M state incentive deal
A Greenwood e-commerce company could collect $1 million in state tax credits and training grants if it succeeds in hiring 109 new employees over the next five years.
SCHREIBER: Innovation will drive health care industry
Entrepreneurship needs broader encouragement, and is targeted in a new plan.
Georgia Street redevelopment looking old already
The newly spruced-up stretch of Georgia Street between the Indiana Convention Center and Bankers Life Fieldhouse is looking older than its age. Stone pavers are dislodged and stained. The wooden boardwalk is badly discolored. Bollards are askance after taking hits from errant vehicles.
Irsay clears air, says Super Bowl could return by 2016
Colts owner isn't demanding a downtown hotel, nor is he trying to twist arms to get his way. He, like a lot of people here, wants another Super Bowl and is relaying the best information he has to make sure the city has the best shot at getting it.
Finish Line plans to add 327 jobs as part of expansion
The Indianapolis-based retailer of athletic shoes and apparel said it will add the jobs by 2016 as part of a multimillion-dollar expansion that will upgrade its e-commerce systems.
Indianapolis health care staffing firm to add up to 82 jobs
RepuCare said the additional jobs will support growth in its staffing business as well as its business providing on-site health care to employers.