The expansion at the Lilly Technology Center southwest of downtown is part of an $850 million investment the company is making this year in its U.S. research labs, manufacturing plants and other operations.
The university said the gift from the R.B. Annis Educational Foundation “will advance the university’s strategy to address Indiana’s increasing demand for skilled engineers and STEM-related professions.”
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.
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.
The manufacturer landed the local tax incentives in 2006, then closed its Indianapolis plant in 2015.
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, 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.
The Indianapolis-based manufacturer was encouraged by a big increase in orders during its latest quarter.
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.
The San Francisco-based tech giant in May will begin occupying 11 floors in the 48-story building.
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 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.
The trouble started when Rep. Ed Soliday, R-Valparaiso, got in an online spat last month with Indiana tech entrepreneur and philanthropist Don Brown.
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.
The email-marketing company has named a Salesforce Marketing Cloud leader as its new head honcho, effective April 10.
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.
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.
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.
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.
The Indianapolis-based company said it has seen positive results from efficiency and cost-cutting actions it took in 2016.
