Elkhart County getting nearly 400 new jobs
The Elkhart County Council on Saturday approved tax incentives for four companies seeking to expand in the county where the jobless rate topped out at nearly 19 percent in March 2009.
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Japanese automakers help drive economy
A deal struck 25 years ago brought Subaru-Isuzu to Indiana. Toyota followed in 1996, and Honda came in 2008. The three Japanese automakers now collectively employ 10,000 and support thousands more jobs at suppliers across the state.
Lawmakers may tighten grip on gold-buying business
State lawmakers and Indianapolis officials are looking to regulate the gold-buying business, which police say provides an easy outlet for stolen goods. Cash-for-gold stores have multiplied as prices more than doubled since 2007.
Midwest Energy oil firm drilling for $15M
An Indianapolis investment advisory oil firm has been looking for blowouts in its own back yard. Midwest Energy Partners is preparing for its seventh—and largest—round of funding to pay for oil drilling in southwestern Indiana and southeastern Illinois.
New Hulman & Co. CEO eyes changes to resurrect open-wheel racing
New Hulman and Co. CEO Mark Miles will focus in his new role on all of Hulman & Co.’s ventures—including real estate holdings and Clabber Girl. But his biggest challenge will be turning around the money-losing IndyCar Series and bolstering one of the region’s most famous landmarks—the Indianapolis Motor Speedway.
Honda unveils 2013 Civic
Compact car made in Greensburg usually gets rave reviews from critics, but last year’s model was slammed for poor handling and a ‘cheap’ interior.
Wabash Valley Power aggressively shifting to greener alternatives
The Wabash Valley Power Association has been reducing its dependence on energy produced from coal—from 95 percent five years ago to 54 percent today. The utility is leaning more on natural gas and even renewable-energy sources like methane from landfills and animal waste.
Indiana manufacturers see momentum vanish
The state lost an estimated 1,400 manufacturing jobs in September, the U.S. Bureau of Labor Statistics reported, and a wave of layoff announcements in recent weeks suggests steeper declines are coming in the year’s final quarter.
University endowments are digging out of deep hole
Indiana college endowments have surged back since the recession, but three-quarters closed the 2011 fiscal year below where they were when the market crashed.
Honda hopes 2013 Civic restores model’s luster
The next model of the Honda Civic, due out by year-end, may need hefty changes to silence critics and ensure the company’s 2,000-employee Greensburg factory has strong demand for its signature vehicle for years to come.
GOP aims to bolster legislative firepower
Indiana Republicans expect to rule the Statehouse again in 2013, and the only question to be answered Nov. 6 is the extent of their majority.
Union leader expects Cummins cutbacks in Indiana
Diesel Workers Union president Terry Axsom tells The Republic of Columbus that the union's 1,500 workers at southern Indiana factories will be affected but he doesn't know the extent yet.
Cummins shares slide on job cuts, lower forecast
Shares in Cummins Inc. saw their biggest one-day drop in three months Wednesday after the Columbus-based engine maker lowered its forecasts for revenue and profit and said it expects to cut as many as 1,500 jobs by the end of the year.
Local furniture maker acquires northern Indiana company
Facility Concepts Inc.’s purchase of Classico Seating in Peru, Ind., gives the manufacturer of restaurant furniture about 100 employees and 250,000 square feet of manufacturing space.
Deal clears hurdle to demolish 1920s theater
The St. Joseph County Public Library owns the boarded-up Avon Theater, and library officials want to demolish it and two other vacant buildings to clear room for more parking and a future expansion project.
Aircraft company’s Grissom project on track
Texas-based Dean Baldwin Painting is expanding a hangar to accommodate Boeing 747s and other large jets it services. The company plans to hire about 200 workers.
St. Vincent, Community team up, forming colossus
Three area hospital groups—St. Vincent Health, Community Health Network and Suburban Health Organization—have agreed to join forces to manage patients’ health and strike new kinds of contracts with employers and health insurers.
State decides not to open Kokomo bypass early
State highway officials had considered opening a four-mile stretch of a U.S. 31 bypass around Kokomo this fall, but now they say motorists won't be able to drive on the road until next year.
Indiana biz leaders race to fund presidential campaigns
Mitt Romney, the Republican presidential nominee, has raised $2.27 million in large gifts from Hoosiers, twice as much as President Barack Obama, according to federal campaign-finance data through June 30.
Bloomington docs still feuding with Anthem
A large physician practice in Bloomington remains at an impasse with Anthem Blue Cross and Blue Shield of Indiana less than two months before their contract is set to expire.