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.
Manufacturing
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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.
Study: Technology trouble dents car, truck reliability rankings
In its annual rankings of most reliable auto brands, J.D. Power said the audio-communication-entertainment-navigation category caused the most problems in the survey, accounting for 22 percent of complaints.
Tech firm Levementum planning to add 175 high-wage jobs
Arizona-based Levementum LLC is on track to receive state and local incentives to help fuel the expansion of its Indianapolis office.
Lawmakers kill employee training tax credit proposal
The bill is part of a larger discussion lawmakers are having about the $1 billion in state and federal funding that nine Indiana agencies spend on some 30 workforce development programs.
Fishers plans state’s first internet-of-things laboratory
The co-working space is expected to bring together and nurture various players in the growing IoT sector to allow for innovation and collaboration.
CEO says Bottoms Up poised for growth despite tax abatement setback
After hitting some hurdles and then switching its client focus, the maker of the novel beer-dispensing system says sales are beginning to rise.
Data center company LightBound eyes $80 million expansion
The company, located west of Lucas Oil Stadium, would do the buildout in stages, ultimately doubling its footprint to 160,000 square feet.
Trump’s trade rhetoric casts uncertainty over Indiana exporters
Changes in trade policy would reverberate across Indiana, given its status in a new Brookings Institution study as the most export-dependent state in the country.
Feds dole out aid for workers hit by trade-related job losses
Employees at 45 Indiana workplaces—including 11 in the Indianapolis area—applied for federal assistance in the past 13 months because they believed they were victims of trade-related job losses.
Activist investors enjoying a profitable ride at Allison Transmission
ValueAct Capital parted ways with the Indianapolis-based commercial-transmission manufacturer after turning its $345 million investment into $622 million, not including dividends.
Upstart digital marketer plans to hire 51 in Fishers
Iconic Digital Marketing will accommodate the expansion by moving out of Launch Fishers into its own space in the city's Nickel Plate District.
Honda starts making CR-Vs at Indiana plant after $52M project
The Greensburg factory marked the start of production of the small sport-utilty vehicle Wednesday. Officials announced plans last year to spend $52 million on preparing the factory for CR-V production.
Scale Computing secures new digs downtown
The fast-growing tech firm is joining several companies that have signed up for space in a short-term-leasing operation not far from Lucas Oil Stadium.
Delta Faucet springs back, expands HQ, plans to hire
From 2007 to 2010, the Carmel-based manufacturer laid off about 1,000 employees. But its commitment to stay invested in R&D has paid off.
Holcomb cancels Pence’s $260M cell tower contract
The Pence administration in September said it had agreed to lease the state’s existing cell towers to help the state fund its bicentennial projects and expand broadband capacity.
Cummins turns in much higher profit despite lower revenue
The Indiana-based engine manufacturer saw sales sink during the fourth quarter and the entire year.
Allegion reports quarterly increases in sales, profit
The Ireland-based security products company, which has its Americas region headquarters in Carmel, fell short of Wall Street expectations.