Two automotive suppliers plan expansions in Marion County
Innovative Coating Solutions and Reflex & Allen USA expect to add a total of 93 employees over five years and are seeking tax breaks on $3.5 million in new equipment.
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Health tech startup aiming for fences
Flying under the radar for much of its existence, local health tech startup hc1.com Inc. now thinks it’s ready to soar. The company, spun out last year from Zionsville-based Bostech Corp., is on pace to generate annual revenue of $10 million by year’s end. And it thinks business could triple next year.
Hunckler steps down as head of startup group Verge
The executive director of the startup advocacy group will devote himself to Social Reactor, a social media startup within Scott Jones’ question-and-answer service ChaCha Search Inc.
Ingersoll-Rand spin-off names CEO for Carmel operation
The $2 billion global security company slated to take shape in Carmel later this year has added a major piece to its executive puzzle: CEO David D. Petratis.
Software firm TinderBox relocating to Monument Circle
President Dustin Sapp expects the 8,800-square-foot headquarters in the Lacy Building to boost the three-year-old firm’s profile and help recruit employees as the company pursues plans to hire nearly 100 people over the next few years.
Pence, Coats, German diplomat tout jobs alliance
Indiana and German leaders are focusing on training Indiana residents to fill the skills gap between available work and unemployed Hoosiers.
Anderson woman churning out dog chews made from elk antlers
Cindy Dunston Quirk spent a decade coming up with an allergy-free dog chew idea, then, within two weeks of deciding on elk antlers, had a product packaged and ready to sell.
Salesforce entices ExactTarget execs with $20M in awards
Salesforce.com has extended job offers to ExactTarget Inc.'s top brass—and sweetened the pot by dangling awards of restricted stock topping $20 million.
Former Pacer invents device to increase leg strength
In April, Jonathan Bender launched a company based on a device he invented to help others avoid the knee troubles that put an end to his promising NBA career. Already, he’s brokered a deal with California-based Relax The Back retail chain.
Hostess set to resume full production in Indy
Hostess Brands LLC wants to have its Indianapolis plant in full production by the end of next week, an executive said Wednesday. The company received a tax incentive agreement worth $536,000 from the city on Wednesday.
Ingersoll-Rand’s spin-off plan may give boost to area
Irish industrial conglomerate Ingersoll-Rand Plc is poised to spin off its security operations late this year into Allegion—which will have its North American headquarters and most of its executive team in Carmel.
GM supplier plans opening factory near Fort Wayne
A Canadian-based General Motors supplier plans to open a new facility near Fort Wayne and hire up to 160 workers in the next few years.
Firm uses ‘causality’ to improve Internet searches
Allegient LLC and subcontracted IUPUI informatics experts wrote algorithms that go beyond word searches to look for “causality”—relationships between words suggesting one thing caused another.
Universities’ patents often lack commercial applications
The state's universities crank out patents that find their way to pharmaceutical, prosthetics and surgery technology companies. But they also generate reams of patents in areas with few industrial applications.
Hurco acquires Italian machine-tool component business
Hurco, which designs and produces interactive computer controls, software and computerized machine tools, does most of its business in Europe.
Cummins plans office remodeling, $15M warehouse
Cummins proposes remodeling the four-story former Irwin Union Bank building in downtown Columbus that the company bought in 2010. The new warehouse planned near Cummins’ Walesboro factory could add about 25 jobs.
LeadJen President Vance launches social network
Technology industry up-and-comer Jenny Vance, at age 35, has achieved the rank of “serial entrepreneur” with the launch of her third business, PlanSoon.
Hostess prepares to open plant despite tax-break question
Hostess Brands LLC has asked the city for a tax abatement on $10 million in new equipment. City officials might decide on July 3, but Hostess is moving ahead with its plans to reopen the plant that closed in November.
Connersville lines up new tenant for ex-Visteon factory
An eastern Indiana city could sell the factory to a cabinet company for $1 as part of a deal for it to hire more than 300 workers.
Glass magic coming to end for venerable Fox Studios
Fox Studios Inc., the venerable stained glass company whose work is on display at countless churches throughout the state and even the Indiana Statehouse, is closing.