Articles

GM poised to reveal big investment at Fort Wayne-area plant

GM previously said it was considering upgrading the truck assembly plant  to build its next generation of pickup trucks. The Allen County Council voted in October to approve a 10-year tax abatement that would save GM more than $15 million on a possible $1 billion investment in equipment and related improvements.

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Plainfield logistics company to expand at new site

Integrated Distribution Services Inc. plans to consolidate its operations in Plainfield into one huge facility, enabling an expansion that could create 71 new jobs by the end of 2020, the logistics company announced Monday.

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Iron ore maker with huge Indiana plant seeks bankruptcy

Magnetation LLC, which operates a massive iron ore pellet plant in Indiana, has filed for bankruptcy. The company announced plans for the Reynolds plant in late 2012, saying it would spend as much as $350 million on the facility and create up to 100 jobs there by the end of this year.

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Pence planning May trade mission to China

Pence will travel with a delegation of Hoosier business leaders to Beijing, Shanghai and Hangzhou, the capital city of Zhejiang Province, Indiana’s Chinese sister-state. The delegation plans to leave May 9 and return May 16.

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Geofeedia mulling moving HQ here

Chicago-based Geofeedia opened an Indianapolis office last December, which now hosts 26 of its 45 employees. It recently committed to adding 336 more Indiana workers by 2020 in an economic development deal with the state.

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