In the 1920s, Indianapolis was one of the most innovative cities in the nation. But after “the dark tragedy of the roaring twenties,” Indianapolis lost its edginess for decades and only recently has begun to regain it.
When some employers want their people to innovate, they try putting a new twist on the old desk-computer-cubicle combo.
I recently spent a few hours at the newest, oldest and biggest co-working spaces to see what all the hype is about.
IBJ picked the brains of Indianapolis-area firms and organizations known for liquid thinking to discover how they open the spigot on innovation.
Chris Baggott, one of ExactTarget’s three co-founders, said the main ingredients of the new startup are food trucks, delivery-only kitchens and Uber drivers. He predicts it will be a $1 billion company.
The project announced Tuesday includes new painting facilities, an expanded body shop and improvements to the truck assembly area at the factory near Fort Wayne that has about 3,800 workers.
Orders to U.S. factories for long-lasting manufactured goods fell slightly in April. But a category that reflects business investment climbed for a second month, a hopeful sign that the key sector is starting to revive.
GM previously said it was considering upgrading the truck assembly plant to build its next generation of pickup trucks. The Allen County Council voted in October to approve a 10-year tax abatement that would save GM more than $15 million on a possible $1 billion investment in equipment and related improvements.
Indiana-based Steel Dynamics Inc. said it will invest $100 million to add more steel-finishing capacity at its mill in Columbus, Mississippi, and add 40 employees to the current 630 at the plant.
IUPUI professor Andres Tovar recently won an international automotive design competition by using advanced technology to mimic Mother Nature’s own blueprints.
The world’s largest manufacturer of automobile emission-control systems plans to expand its North American headquarters in Columbus, adding 131 workers by the end of 2017, the company announced Wednesday.
The company plans to invest $7.7 million in its Greenfield factory, which will lift production to an estimated 1.2 million power tools annually.
All 166 employees were laid off on May 2, 2014, but Wynnchurch Capital quickly bought the business for $26 million and hired back 120 of the company's former stonecutters. Since then, the operation has added 43 workers.
If a tailor-made tax credit is any indication, Rolls-Royce Group plans to spend at least $500 million modernizing its Tibbs Avenue jet-engine factory.
The crowdfunding donation, which took place Thursday morning, completed funding for 152 open projects, helping more than 11,000 students in 150 classrooms at 30 schools.
About 1,100 workers have been on strike since early February, and the refinery has been run by non-union supervisors and replacement workers.
The Indiana Office of Technology announced Thursday that IN.gov has been revamped to provide better service for mobile users.
Calumet Specialty Products Partners LP rebounded from a money-losing first quarter in 2014 with a profitable one this year, the company reported Wednesday.
Pendleton-based manufacturer Remy International Inc. saw sales slip in its latest quarter, but profit more than tripled from the year-ago period.
Magnetation LLC, which operates a massive iron ore pellet plant in Indiana, has filed for bankruptcy. The company announced plans for the Reynolds plant in late 2012, saying it would spend as much as $350 million on the facility and create up to 100 jobs there by the end of this year.
