Canadian firm buys Ingram Micro properties for $68.7M
Granite Real Estate Investment Trust has entered Plainfield’s robust logistics and distribution market with a deal to buy two mammoth facilities and a prime plot of land.
Expansion
Articles
Sixteen firms promise Indiana expansions, 2,100-plus jobs
Nine of the 16 firms who announced their plans with state officials Thursday expect to boost operations and employment in the Indianapolis area, forecasting 933 jobs.
Biotech firm Algaeon switches gears, stays in Indy
After planning a move to Westfield, Algaeon Inc. has instead leased new space in Indianapolis for a research and production facility. Planning 25 hires, it is seeking a tax break from the city on $4.9 million in new equipment.
Red Gold plans expansion after bumper tomato crop
The Indiana-based tomato processor is spending more than $8.5 million to add more than 250,000 of space to its facilities in Geneva.
UPDATE: Tech firm triggering $10M data center downtown
Michigan-base Online Tech plans to open a 25-employee facility just west of Lucas Oil Stadium, serving businesses that need cloud computing.
MacAllister Machinery gearing up for new HQ on southeast side
The Caterpillar dealer is seeking to expand with new corporate offices and sales and service facilities on more than 130 acres of land near the interchange of Interstates 465 and 74.
Low-profile, high-volume graphics business growing in Fortville
PlaqueMaker.com plans to invest as much as $3 million to expand its Fortville operations, building and equipping a 42,000-square-foot facility and nearly doubling its staff by the end of 2018.
Fastenal seeks tax abatement on $11M expansion
The firm intends to make its facility north of 56th Street on Guion Road the main hub for more than a dozen other regional distribution centers, and to hire 60 more workers.
Biomet plans $40.5 million upgrade, 150 jobs
Biomet’s project calls for building renovations and adding 3-D printing and optical scanning technology. The Warsaw-based company would also upgrade an incubation center for surgeons interested in introducing a new product, technology or technique.
Napolese nibbles on national expansion
Local restaurateur Martha Hoover plans to take her Napolese chain national with help from Simon Property Group Inc.
Apparel maker plans to boost operations, hire 28
Founded in 1987, Indy-based Motionwear LLC currently employs more than 180 full-time workers and already has begun hiring new manufacturing, administrative, sales and warehouse employees.
Nestle picks Anderson for $72M plant expansion
Nestle USA plans to invest $72 million to add a seventh production line to its plant in Anderson, the beverage maker announced Tuesday.
Vera Bradley to invest $26M in expansion, add 128 jobs
Handbag and luggage maker Vera Bradley Inc. plans to bolster its design and distribution centers near Fort Wayne.
Bank seeks abatement to construct office space along I-69
Economic development leaders in Fishers are asking the Town Council to OK a six-year property tax abatement to help First Internet Bancorp construct as many as two office buildings.
Fort Wayne church insurer plans to add 102 jobs
Brotherhood Mutual Insurance Co. expects to hire the employees by 2016 as part of a $15 million expansion that includes building a 54,395-square-foot facility at its headquarters.
Data center N/Frame spending more on Carmel upgrade
The company that hosts outsourced computer operations is dramatically boosting its investment in its local operation.
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.
Energy drink maker plans $25M Wabash expansion
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.
Aircraft company’s Grissom project on track
Texas-based Dean Baldwin Painting is expanding a hangar to accommodate Boeing 747s and other large jets it services. The company plans to hire about 200 workers.
Auburn foundry plans $35 million expansion
Officials at Metal Technologies Auburn have asked the Auburn City Council to approve tax breaks for a planned expansion that would create more than 40 jobs.