Marsh renews effort to sublease headquarters
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
Regional News
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Arts Commission to share duties with regional groups
The Indiana Arts Commission revamped the way it allocates money out of concern about future state budget cuts, which would
further reduce grants available to arts organizations.
MZD lands tourism account for Hendricks County
Seventeen agencies submitted proposals for the account.
Hendricks County scales back hospitality plan
The convention bureau has shelved its plan to attract a full-service hotel and instead will boost spending on tourism marketing.
Expansion set for Camp Atterbury training site
The proposed plan will expand the Indiana National Guard's Camp Atterbury, bring economic development to south-central
Indiana, and open a new fish and wildlife area in Putnam County in western Indiana.
Carbon Motors’ prototype cop car is crammed with technology
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.
Judge OKs sale of cemetery, funeral home company
Pennsylvania company is one step closer to purchasing the Indianapolis-based Memory Gardens Management Corp., whose former
owner pleaded guilty to theft and securities fraud.
Indiana Design Center lines up tenants
The $25 million project, which is the cornerstone of Carmel’s Arts & Design District, has signed 11 interior design-related tenants
and a restaurant.
AIG’s American General unit said to be seeking $3B term loan
Bank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar,
according to a source who declined to be identified because the discussions are private.
Noblesville company has high hopes for pomegranate
Verdure Sciences, a botanical-extract distributor, has invested more than $1 million in marketing and research,
and hopes to see its product in more
foods and drinks, perhaps even mouthwash.
$15M loan brings EnerDel closer to launching production
The locally based battery maker serves as collateral on the financing lined up by its New York-based parent, Ener1.
Dawn Food closing 160-worker bakery in Crown Point
Dawn Food Products Inc. says the northwest Indiana bakery will close in phases until being shut down by the end of August.
The Jackson, Mich.-based company says it decided to close the bakery to increase efficiency and that it would expand operations
elsewhere.
Shelbyville insulation company laying off 100 workers
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.
Bus routes to link 30 cities
The partnership called Hoosier Ride is helped by a $2 million federal grant and will operate at least one trip daily in each
direction using Miller charters along four routes running between Indianapolis and Evansville, Muncie, Seymour and Kalamazoo,
Mich.
Marion mayor making China trip for business deal
Marion Mayor Wayne Seybold told the City Council on Tuesday that he and the city's development director would be traveling
to China with plans to complete a deal bringing a furniture maker to the city.
Carter Lumber plans to hire as many as 100 in Franklin
Ohio-based Carter Lumber plans to open new wholesale lumberyard and truss-making facility in Franklin in June.
Former Shelbyville office manager charged with embezzlement
Federal prosecutors allege man embezzled $1.6 million from a title insurance company.
Fishers approves $19M auto mall development
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive
Group’s proposed development.
Purdue engineering degree to be offered at four sites
Starting next fall, Purdue will start offering the degree in Anderson, Kokomo, Richmond and South Bend. The school says the
new effort is intended to give students an opportunity to earn a Purdue degree while staying close to home.
Slower suburban growth tied to poor economy
Marion, Hamilton and Hendricks counties grew faster than any other Indiana counties last year, but among the three, only Marion
County had a higher growth rate than in previous years.