Far-flung areas court Super Bowl spending
Downtown will be the focal point of Super Bowl XLVI, but communities from Zionsville to Columbus are aggressively pursuing some of the money visitors are expected to shower on the region.
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State unlikely to revive natural-gas grandeur
Indiana was once the world’s capital for natural-gas production, but recent advances in drilling and resource-recovery technology are not likely to revive those glory days anytime soon because of a combination of human-made and natural obstructions.
Auburn foundry plans $35 million expansion
Officials at Metal Technologies Auburn have asked the Auburn City Council to approve tax breaks for a planned expansion that would create more than 40 jobs.
Delaware County’s ban on smoking in bars upheld
Tavern owners in Muncie maintain that their profits have dropped sharply since the new ordinance went into effect in August.
Area firms pledge 365 jobs
Two Central Indiana firms will receive tax incentives for growing their operations by a combined 365 workers by 2015, Indiana economic development officials announced Wednesday.
Daniels says opposition won’t stop Interstate 69 extension
Gov. Mitch Daniels said the state has options for funding a 1.75-mile stretch of highway that is the focus of a dispute with the Bloomington-Monroe County Metropolitan Planning Organization.
Northern Indiana building products factory to close
Atlanta-based Georgia Gulf Corp. has told state officials it expects in March to shut down the Royal Building Products factory in the Kosciusko County town of Milford, costing 70 people their jobs.
Honda reworking Civic in plan to boost sales
Honda Motor Co. is sprucing up its Indiana-made Civic sedan, which received poor ratings, after less than a year on the market as part of a plan to boost U.S. sales by 24 percent in 2012 for its namesake brand.
Marsh wins $19.5M judgment against Roche
A Hamilton Superior Court judge awarded damages to the local supermarket chain in a soured sublease deal it signed with Roche Diagnostics in March 2008.
Drugmaker eyes ex-Pfizer plant in western Indiana
Officials say an as-yet-unnamed drug company is looking to take over much of the former Pfizer Inc. complex near Terre Haute that had about 800 workers before it was shut down.
Is China headed for ‘soft-landing slowdown’
An oasis of growth for some Hoosier manufacturers, China’s economy is headed for a slowdown. That affects both Indiana companies that have outposts in China, and the firms that export to the Asian powerhouse.
Transit plan may boost real estate investment
A proposed $1.3 billion transit system might bring redevelopment to urban neighborhoods. Yet transit proponents have surprisingly little to say about how much the system could generate in new real estate investment.
Endocyte shares plunge on clinical trial results
Shares of Endocyte Inc. plummeted more than 60 percent Tuesday morning after clinical trial results showed the company’s experimental ovarian cancer drug led to shorter survival times than treatment with a standard cancer drug.
Carmel office/retail complex hurt by road project gets second chance
Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.
Mayors back transit tax hike in Marion, Hamilton counties
Indianapolis Mayor Greg Ballard, Carmel Mayor Jim Brainard say more local transit options are needed despite the steep cost. A ballot referendum would be required so voters could consider a 0.3-percent income-tax increase to pay for a $1.3 billion project.
Startup wants animal shelter in Hendricks County
The county lacks a private, not-for-profit group to find homes for stray dogs and cats.
Indiana Live asks court for $23 million tax refund
Bankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
Lockhart Automotive co-owner recovering from losing Saturn
Lynn Kimmel, president of Lockhart Automotive Group, is helping her family business recover from losing three Saturn dealerships and a Hummer dealership when General Motors Corp. folded both those lines.
Midwest ISO announces $6.5B in electric grid improvements
The Carmel-based not-for-profit’s long-term plan recommends 215 new transmission infrastructure projects to improve reliability of its electric grid.
Carmel also likely competing for CME Group
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.