U.S. manufacturing production rises for sixth straight month
Companies are spending more on big-ticket items such as industrial machinery, and Americans are buying cars at near-record levels. Overseas growth has spurred more exports.
Manufacturing
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Inspection firm grows with changing auto industry
Steve Cage started a quality-control business focused on the automotive industry near the peak of the Great Recession. In 2009, the company made $8 million in revenue. In 2016, revenue hit $122 million.
City seeks clawback of tax incentives from filter-maker GVS
The manufacturer landed the local tax incentives in 2006, then closed its Indianapolis plant in 2015.
Council panel OKs $148K to fund ‘economic recovery coordinator’
The person hired for the position is expected to help workers from Carrier Corp. and Rexnord Corp. who are about to lose their jobs—along with trying to help revitalize old industrial sites.
Saran Industries to close Indianapolis plant with 110 workers
Saran, which does industrial finishing and machining work, told the Indiana Department of Workforce Development that it expects to close the local facility by June 30.
Hurco sees quarterly shrinkage in profit, sales
The Indianapolis-based manufacturer was encouraged by a big increase in orders during its latest quarter.
Indy grows share of national tech jobs
The percentage of U.S. tech jobs based in Indianapolis grew between 2010 and 2015. It was one of only a dozen cities outside Silicon Valley where that happened.
Salesforce expansion will fill one-quarter of Salesforce Tower
The San Francisco-based tech giant in May will begin occupying 11 floors in the 48-story building.
Indiana plant to close, costing 120 workers their jobs
Milford, Ohio-based Buckhorn Inc., which makes plastic shipping containers, is expected to close its Indiana factory later this year as part of a consolidation.
Subaru targets Sun Belt states, awaits Trump import-tax decision
Subaru might launch another expansion at its Indiana plant, but it’s waiting to see President Donald Trump’s strategy to keep factory jobs in America. In the meantime, it is hoping to boost sales in the one area of the country where it struggles.
Twitter troll takes over lawmaker’s handle, demands apology
The trouble started when Rep. Ed Soliday, R-Valparaiso, got in an online spat last month with Indiana tech entrepreneur and philanthropist Don Brown.
Downtown tech firm planning to add 20 software developers
The company, which makes custom data-tracking software for its clients, plans to move into a bigger office space in the Stutz Business Center within the next six months.
Sigstr signs ex-Salesforce executive as CEO
The email-marketing company has named a Salesforce Marketing Cloud leader as its new head honcho, effective April 10.
Caterpillar offices raided by feds
The exact reason for the raid was unclear, but the manufacturer told the SEC in a filing last month that the IRS believes it owed $2 billion more in taxes for the years 2010 to 2012 due to profits from its Swiss unit.
Japanese manufacturer plans $100M Indiana plant with 200 workers
NTN Corp. and state economic development officials announced Friday that NTN subsidiary NTK Precision Axle Corp. plans to break ground on the 300,000-square-foot facility this spring.
Subaru’s ‘spiritual’ message spurs U.S. sales as rivals use discounts
With almost all carmakers heaping on the discounts to keep the U.S. auto market at a plateau, Subaru just notched its 63rd straight monthly sales gain, with minimal incentives to get customers in the door.
Korean car parts maker targets Indy for U.S. HQ, 180 hires
Daechang Seat Co. is seeking tax breaks from the city for its plans to invest $16.8 million in a production facility and establish a base of operations in America.
Despite $329M loss last year, Calumet looks ahead with ‘cautious optimism’
The Indianapolis-based company said it has seen positive results from efficiency and cost-cutting actions it took in 2016.
E-commerce service firm ready for next step
Viral Launch is going viral, at least as measured by its fast-growing client roster.
Fast-growing jobs-app startup plans to add 161 central Indiana jobs
Carmel-based Work Here LLC, whose mobile app uses GPS to connect job-seekers and employers, is entering 15 new metro areas after amassing 36,000 users in Indiana.