The Kokomo City Council voted unanimously Monday night to give initial approval for a 10-year property tax abatement to Chrysler. The automaker said the break would help it retain 212 jobs with a combined salary of $9.8 million.
Officials of the Columbus, Indiana-based company even toured the old GM stamping plant before selecting the former Market Square Arena site.
Indianapolis-based chemical producer Vertellus Specialties Inc. has announced its second big acquisition in as many months, in a deal believed to be worth as much as $200 million.
Among the goals of the partnership are to lower manufacturing costs, improve speed and drive innovation. The partnership also will create educational opportunities for Purdue students.
William G. Mays, who built one of the nation's largest minority-owned companies and saved one of its oldest African-American newspapers, died Thursday in Indianapolis on his 69th birthday. “Indianapolis has lost a titan of industry and philanthropy,” Mayor Greg Ballard said.
Entrepreneur Grant Jenkins’ PowerBin can hold three times the amount of the average public trash bin, and can transmit data to municipal and other managers about when it’s full. It can also serve as a Wi-Fi hot spot, relay information about reported crimes, and display advertisements.
The fast-growing social media analytics company has opened a downtown office and chosen two locals to lead its product and sales divisions.
Officials for the Columbus-based engine maker are planning a $30 million development, including 164,000 square feet of office space, a conference center, parking garage and lots of public greenspace.
Employment among manufacturers, suppliers, dealers and service departments has bounced back since the recession. That’s good news for Indiana, which accounts for 83 percent of RV production.
Central Indiana employers with open tech positions are having a tough time getting their interns to accept job offers. A new study questions whether the pay is adequate.
A publicly traded e-commerce firm has acquired Indianapolis-based Fifth Gear, a company with more than 500 employees that specializes in fulfilling consumer orders through catalogs and digital retail.
U.S. factories were slightly less busy in November, as production and hiring slowed, although the level of activity remained strong.
PTS Diagnostics engineered an about-face on its business plan five years ago, ditching its retail strategy to focus on serving physicians and nurse practitioners. This year, PTS is on pace to record revenue of nearly $50 million, up from $17 million two years ago.
EnerDel Inc. is regrouping under a strategy of targeting niche markets, as Indianapolis and Hancock County officials press executives about the firm’s future and former pledges of local investment and job creation that failed to pan out.
Longtime President Pat Kiely will retire July 1, the group announced Monday morning. In line to replace him is Vice President and Chief Operating Officer Brian Burton.
EnerDel is regrouping under a strategy of targeting niche markets—a plan that has convinced Indianapolis and Hancock County officials to back off threats to yank economic development incentives.
Two Carmel-based entrepreneurs created Edwin the Duck, which they bill as the world’s first interactive rubber duck. The prototype has already piqued the interest of Amazon, Bed Bath & Beyond and other retailers, the inventors said.
Hillenbrand is making headway at a time when most corporations reap little improvement for their investment in wellness programs.
Indianapolis-based employees have been offered voluntary severance packages as the global engine maker follows through on plans to eliminate about 2,600 positions company-wide.
An Indiana-based casket manufacturer has agreed to pay a Pittsburgh-based competitor to settle claims it stole customers and employees, and interfered with business operations.
