Unproven entrepreneur promises 1,100 local jobs
A West Hollywood businessman hopes to build hundreds of trucks outfitted with giant video screens. The product is unproven and so is Bob Yanagihara, the ambitious 50-year-old behind it.
Economic Development
Articles
State lawmakers look to boost college research
A study committee's draft report says improved coordination between the state's research universities and industries could improve the economy and spur job growth in the state.
Indiana making hay from Illinois’ tax mayhem
Many Illinois firms are serious about moving or expanding out of state—and Indiana economic development officials are racing to capitalize.
Software firm plans to open downtown office, add 250 jobs
Massachusetts-based Kronos Inc., a work force management software firm, plans to create 250 jobs by 2015 as part of a $5.1 million expansion to Indianapolis. The company will occupy 31,000 square feet in downtown’s PNC Center.
Unemployment claims dip slightly in stagnant job market
The number of people applying for unemployment benefits was mostly unchanged last week, suggesting the job market isn’t getting much better.
Manufacturer to beef up Frankfort operations, adding 160 jobs
LEP Special Fasteners Inc. will relocate parts of its management, sales and distribution functions from Elgin, Ill., and expand its current manufacturing plant in Frankfort by 250,000 square feet.
Printing manufacturer to expand in Tipton, create 35 jobs
Bottcher America Corp. will invest $2.1 million to purchase new gear and create a 30,000-square-foot addition to its current facilities.
Nature part of plans for former Newport Chemical Depot
Conservationists have complained that industrial development planned for part of the 7,100-acre site would destroy all but 44 acres of the state's largest restored black-soil tallgrass prairie.
Indiana drawing more people, businesses across state lines
Indiana saw more people move to the state than leave between 2005 and 2009 despite a decreased mobility nationwide attributed to the recession.
Charges filed in theft from development group
The former associate director of an eastern Indiana economic development group faces felony charges in a $150,000 embezzlement that has threatened the agency’s future.
Biocrossroads lands $2.8 million Lilly Endowment grant
The advocate for the state’s life sciences industry has now pulled in more than $25 million from the endowment.
Startup dangles visas in return for funding, jobs
A new enterprise in the Muncie area hopes to capitalize on wealthy foreigners’ thirst for U.S. residency.
Elkhart led U.S. counties in employment increase
The Bureau of Labor Statistics said Elkhart County saw its employment increase 6.2 percent from March 2010 to March 2011.
Furniture manufacturer plans expansion, 120 more jobs
Goshen-based Wieland Designs Inc. said it will add the jobs by 2015 as part of a $1 million investment to improve existing facilities and purchase specialized machinery to enhance production.
Auto parts maker plans to add 100 jobs in Columbus
Sunright America Inc., a Japanese manufacturer of automotive fasteners, plans to nearly double its current space in Columbus and add the 100 jobs by 2014.
Elkhart-Goshen, Columbus among tops for GDP growth
The three Indiana cities had among the largest 2010 increases in the U.S. in the value of goods and services they produce.
Rolls-Royce labor deal lures jobs
Rolls-Royce Corp.’s Indianapolis plant is preparing to become the global manufacturing site for a large jet-engine component, the banded stator. Rolls-Royce will shift production from an outside supplier, creating 100 jobs.
Incentives flow to tech firm Positron, despite red ink
The molecular-imaging company is trying to transition its business model and get beyond a going-concern warning.
Kodak official: Company keeping R&D center in Ohio
Eastman Kodak Co. reportedly looked at relocating a 500-person research-and-development center to Indiana, but will instead stay put in Ohio, according to a company official.
Recovery likely to worsen nursing shortage
The recession pushed some nurses out of retirement and others into full-time jobs. But the nurse shortage is expected to resume as the economy improves.