Develop Indy

Arcadia Resources says it will add 930 jobs

May 19, 2010
Scott Olson
Executives of the health care services provider will be joined by Gov. Mitch Daniels and Mayor Greg Ballard for a Thursday morning announcement at the company's headquarters.
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Indianapolis Economic Development Inc. becomes Develop Indy

May 8, 2010
 IBJ Staff
Develop Indy was often confused with other business development groups, particularly the Indiana Economic Development Corp.
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Local economic development group changes its name

May 7, 2010
Peter Schnitzler
Indianapolis Economic Development Inc. rebrands itself as "Develop Indy" and moves from the Chase Tower's 19th floor to the 24th floor.
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Volcano's ash postpones Indiana trade mission

April 19, 2010
Peter Schnitzler
Officials hope to reschedule flight to Italy for Tuesday to salvage the remainder of planned job attraction and creation trip.
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IEDC leads European trade mission

April 15, 2010
Peter Schnitzler
The Indiana delegation plans to visit Germany, Italy and the United Kingdom on a job- and investment-attraction mission.
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City economic development office hires international leader

March 19, 2010
Peter Schnitzler
Former Indiana Economic Development Corp. project manager will focus on developing business relationships with European companies.
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Ballard to visit Brazil on business-development trip

March 3, 2010
Peter Schnitzler
Economic development mission targets clean technology and motorsports business-development opportunities.
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Bicycle-components manufacturer adding 105 jobs

January 27, 2010
Zipp Speed Weaponry said it will create 105 jobs by 2013 and invest $12.4 million in a new manufacturing plant in Indianapolis to make its high-end bicycle components.
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City leaders getting aggressive about recouping tax breaks

January 14, 2010
Scott Olson
Indianapolis Mayor Greg Ballard said the city expects to recover $5.5 million from companies that failed to meet job requirements. The city will use the money to fund economic development, convention, tourism and education efforts.
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City to bolster economic development funding

January 13, 2010
Scott Olson
Mayor Greg Ballard expected to announce at his State of the City address Wednesday evening that the Indianapolis Convention & Visitors Association and Indianapolis Economic Development Inc. could receive about $1 million each from the city.
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Indianapolis Economic Development reports healthy 2009 job attraction, retention numbers

January 9, 2010
 IBJ Staff
The organization responsible for attracting new businesses to Marion County and helping companies already located here with expansion secured 11,135 job commitments and $157 million in private investment from 45 companies in 2009.
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Local IT consulting firm plans to add 200 workers

December 1, 2009
Scott Olson
Indianapolis' largest computer consulting firm is seeking property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.
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Grill maker to locate HQ in Indiana, hire 300

October 28, 2009
 IBJ Staff
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
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IT consultant up for tax abatement

October 6, 2009
Cory Schoute
A city board this week will consider tax abatements worth about $47,000 over six years for Indianapolis-based IT consultant Apparatus Inc., which is moving its headquarters to the former WFYI building at 1401 N. Meridian St.
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Indianapolis Economic Development Inc. boasts job-creation success

September 19, 2009
 IBJ Staff
In the worst recession since the Great Depression, it must be difficult to broker business expansions. But IEDI's making no excuses for the city’s job creation and retention figures. In fact, it's touting them.
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IT consultant's expansion plans include 130 new jobs

September 2, 2009
Scott Olson
Indianapolis-based information technology consultant Apparatus Inc. plans to expand its local operations and create up to 130 jobs by 2012, the company announced this morning.
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Tax abatement could help manufacturer add 43 jobs

August 31, 2009
The Indianapolis plant of Rexnord Industries LLC is promising to create 43 jobs and retain hundreds more if the city grants a five-year tax abatement.
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Indianapolis weathering recession better than rest of state, U.S.Restricted Content

April 6, 2009
Peter Schnitzler
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
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  1. to mention the rest of Molly's experience- she served as Communications Director for the Indianapolis Department of Public Works and also did communications for the state. She's incredibly qualified for this role and has a real love for Indianapolis and Indiana. Best of luck to her!

  2. Shall we not demand the same scrutiny for law schools, med schools, heaven forbid, business schools, etc.? How many law school grads are servers? How many business start ups fail and how many business grads get low paying jobs because there are so few high paying positions available? Why does our legislature continue to demean public schools and give taxpayer dollars to charters and private schools, ($171 million last year), rather than investing in our community schools? We are on a course of disaster regarding our public school attitudes unless we change our thinking in a short time.

  3. I agree with the other reader's comment about the chunky tomato soup. I found myself wanting a breadstick to dip into it. It tasted more like a marinara sauce; I couldn't eat it as a soup. In general, I liked the place... but doubt that I'll frequent it once the novelty wears off.

  4. The Indiana toll road used to have some of the cleanest bathrooms you could find on the road. After the lease they went downhill quickly. While not the grossest you'll see, they hover a bit below average. Am not sure if this is indicative of the entire deal or merely a portion of it. But the goals of anyone taking over the lease will always be at odds. The fewer repairs they make, the more money they earn since they have a virtual monopoly on travel from Cleveland to Chicago. So they only comply to satisfy the rules. It's hard to hand public works over to private enterprise. The incentives are misaligned. In true competition, you'd have multiple roads, each build by different companies motivated to make theirs more attractive. Working to attract customers is very different than working to maximize profit on people who have no choice but to choose your road. Of course, we all know two roads would be even more ridiculous.

  5. The State is in a perfect position. The consortium overpaid for leasing the toll road. Good for the State. The money they paid is being used across the State to upgrade roads and bridges and employ people at at time most of the country is scrambling to fund basic repairs. Good for the State. Indiana taxpayers are no longer subsidizing the toll roads to the tune of millions a year as we had for the last 20 years because the legislature did not have the guts to raise tolls. Good for the State. If the consortium fails, they either find another operator, acceptable to the State, to buy them out or the road gets turned back over to the State and we keep the Billions. Good for the State. Pat Bauer is no longer the Majority or Minority Leader of the House. Good for the State. Anyway you look at this, the State received billions of dollars for an assett the taxpayers were subsidizing, the State does not have to pay to maintain the road for 70 years. I am having trouble seeing the downside.

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