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Carmel electric marketer planning expansion

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Carmel’s ACES Power Marketing LLC plans to invest $6.6 million to expand its West 99th Street headquarters—a move that could allow it to add 40 jobs, the Indiana Economic Development Corp. said early Monday.

ACES—short for Alliance for Cooperative Energy Services— provides risk-management services to more than 45 customers including power cooperatives, municipal utilities, financial institutions, industrial companies, renewable energy developers and independent power producers. It is owned by 17 electric power cooperatives and has 184 employees, including more than 140 in Carmel.

In a prepared statement, Indiana Secretary of Commerce Mitch Roob called the company "a prime example of a technology-based business that will help diversify and grow the Indiana economy, while simultaneously creating high-wage jobs for Hoosiers."

This is the company’s second expansion in two years. In 2007, the company announced plans to create 25 new jobs and invest $4 million in facility improvements.

The IEDC offered the firm up to $680,000 in performance-based tax credits and $118,000 in training grants based on its job creation plans.

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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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