Economic Development Agencies

Automated systems provider expands downtown

May 22, 2014
Mason King
Open Control Systems LLC is investing $1.6 million to renovate, equip and lease 14,000 square feet of space over two buildings at 905 N. Capitol Ave.
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Tower manufacturer plans 639 jobs in Indiana expansion

May 15, 2014
 IBJ Staff
Nello Corp. Inc., a designer and manufacturer of galvanized steel towers and poles for the wireless industry, plans to move its Fort Worth, Texas, operations to Indiana, the state announced Thursday morning.
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Indiana manufacturer plans $7M expansion

May 8, 2014
 IBJ Staff
Yorktown-based Mursix Corp. on Thursday announced plans for a headquarters expansion that’s expected to create 108 jobs by 2017.
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Interactive Intelligence plans $28M building, 430 hires

May 1, 2014
 IBJ Staff
Local software firm Interactive Intelligence Group Inc. announced Thursday afternoon that it plans to hire 430 employees by the end of 2016 as part of a major expansion of its headquarters.
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Jasper engine firm to hire 235 for new plant

April 30, 2014
 IBJ Staff
Jasper Engine & Transmission Exchange expects to buy, renovate and equip a 220,000-square-foot facility near its headquarters in the southwest Indiana city.
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Japanese manufacturer plans 220 jobs in Mooresville

April 29, 2014
 IBJ Staff
A subsidiary of TOA Industries Co. Ltd. plans to spend $72.1 million to construct and equip an additional 360,000 square feet of manufacturing and warehouse space at its existing facility in Morgan County.
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Pork packer planning to produce 98 positions at Indiana plant

April 21, 2014
 IBJ Staff
Indiana Packers Corp., which makes Indiana Kitchen bacon, said it will spend $2.3 million on a 56,500-square-foot facility on 5.9 acres about 45 miles from Indianapolis.
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German companies pledge to create Indiana jobs

April 18, 2014
Jeff Newman
Coinciding with Gov. Mike Pence’s economic development trip to Germany this week, three German companies agreed to hire more than 100 workers in Indiana.
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City christens Market East cultural district downtown

April 16, 2014
 IBJ Staff
The area—roughly 14 square blocks—anticipates a passel of new development on and around the former site of Market Square Arena.
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Sweetener-maker Heartland to add up to 160 jobs

April 14, 2014
The Carmel-based company said it will invest $21.2 million to renovate and equip its 130,000-square-foot manufacturing facility on Indianapolis' north side.
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IEDC urging government bets on spec-buildingRestricted Content

April 12, 2014
Kathleen McLaughlin
The Indiana Economic Development Corp. is encouraging local governments to help finance speculative industrial buildings, which could land new businesses but could put at risk hundreds of thousands in taxpayer dollars.
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Cabinet maker plans to hire 262 workers

April 11, 2014
 IBJ Staff
Jasper-based MasterBrand Cabinets Inc. expects to boost the work force and capacity at its Ferdinand operations, which already employ 1,500.
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Ulta targets Greenwood for $51M distribution center, 537 jobs

April 10, 2014
 IBJ Staff
Beauty products maker Ulta Inc. plans to open a fulfillment and distribution center in Greenwood that will employ as many as 537 people by 2018, the Bolingbrook, Ill.-based company announced Thursday afternoon.
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Indiana found most transparent in study of state data access

April 9, 2014
Bloomberg News
California, the U.S. state with the largest population and budget, offers the least website access to its government spending data, according to a new study. Indiana provided the most information.
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Casey's to build Indiana distribution center

April 1, 2014
 IBJ Staff
Casey’s General Stores Inc. said it plans to build a $30 million logistics center in Indiana that will have as many as 185 employees by 2019.
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Once-promising bioplastics maker fizzles out

April 1, 2014
 IBJ Staff and Bloomberg News
A company that once planned to make Indiana home to the largest bioplastics manufacturing facility in the world is going out of business.
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GE Aviation promises long-term commitment to state

March 26, 2014
Kathleen McLaughlin
GE Aviation chose Indiana for its $100 million plant partly because of the potential for hiring talent from and working on advanced-manufacturing research with Purdue University. The state’s business-friendly environment also played a role.
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GE Aviation plans $92M investment, 200 jobs in first Indiana plant

March 25, 2014
Kathleen McLaughlin
The jet engine plant in Lafayette would be its first production facility in Indiana, and could expand to add hundreds of additional workers.
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GE Aviation poised to announce major Indiana plant

March 25, 2014
 IBJ Staff
Gov. Mike Pence and GE Aviation CEO David Joyce will be on hand Wednesday morning for the announcement at the Purdue University Airport.
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IEDC promotes exec to lead business development

March 21, 2014
 IBJ Staff
In the new role, Anderson  will work directly with chief executives in Indiana and around the world to help them expand their businesses or move them to the Hoosier State.
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Stonegate plans to add 400 workers in expansion

March 4, 2014
Chris O'Malley
The mortgage company plans to invest $6.2 million in new office space in Carmel, at the North Haven office park, helping it double its work force by 2017.
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Tech startup plans 150 local jobs by 2018

February 27, 2014
 IBJ Staff
Gusto LLC, a tech startup founded by former ChaCha and Overstock.com executive Shawn Schwegman, said it will invest $975,000 to launch the company and its debut product.
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Food giant ConAgra plans huge center north of Indianapolis

February 25, 2014
 IBJ Staff
ConAgra Foods Inc. is expanding logistics operations in central Indiana by moving a distribution center in Lebanon to a new and bigger facility it plans to build in nearby Frankfort. The move is expected to create 76 jobs.
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Chamber recommends IPS explore selling real estate

February 24, 2014
J.K. Wall
Indianapolis Public Schools should immediately consider selling five of its buildings and work with IndyGo to transport students, according to a study by the Indianapolis Chamber of Commerce.
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Manufacturer plans expansions at two Indiana plants

February 10, 2014
Associated Press
Shiloh Die Cast Midwest LLC plans to expand two of its plants in northeast Indiana, leading to 145 new jobs by 2018, the company announced Monday night.
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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