Economic Development

MacAllister Machinery plans $44.5 million headquarters

September 24, 2014
 IBJ Staff
The longtime Caterpillar dealer said the 300,000-square-foot project on 133 acres at 6300 Southeastern Ave.will create 70 jobs.
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HOHMANN: Whatever happened to the fab 16 Tech?

September 20, 2014
Abbe Hohmann / Special to IBJ
Strong leadership is needed for the urban Indianapolis tech park to hit its high potential.
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ROBINSON: Downtown vacancies will plunge soonRestricted Content

September 20, 2014
John Robinson / Special to IBJ
Something’s happening in downtown Indianapolis that I’ve never seen in my 25 years as a commercial real estate broker here.
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Caterpillar chief: Indiana growing more competitive

September 16, 2014
Norm Heikens
CEO Doug Oberhelman said Tuesday that government overhauls and an aggressive economic development policy have made the state among the most attractive for investment.
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Auto supplier plans $73.5M plant in Boone County

September 12, 2014
 IBJ Staff
A Japanese auto-parts supplier plans to invest $73.5 million to build and equip a 151,000-square-foot manufacturing facility in the community of Jamestown, adding up to 195 jobs by 2017.
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Bub's Burgers planning $1.3M outpost in Fishers

September 11, 2014
Andrea Muirragui Davis
Central Indiana favorite Bub’s Burgers and Ice Cream has chosen downtown Fishers to build its fourth restaurant, town officials announced Thursday evening.
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Financial services firm to hire up to 153 in Castleton

September 10, 2014
Greg Andrews
Chicago-based Cortland Capital Market Services, which has $40 billion in assets under administration, has begun hiring for a variety of financial positions. The Indiana Economic Development Corp. has agreed to provide Cortland up to $1.8 million in tax credits.
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Harlan Bakeries plans $13M expansion in Avon

September 8, 2014
Jeff Newman
The company, one of Hendricks County's largest employers, said the expansion will help it retain 700 workers at its flagship plant
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U.S.-Japan group calls for finishing trade pact

September 8, 2014
Associated Press
Government officials from the United States and Japan called Monday for completion of an international trade agreement that they said would strengthen ties between the two allies and help both countries recover from their own economic struggles.
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Pence, other governors meet with Japanese trade officials

September 8, 2014
Associated Press
This year's goal for the Midwest U.S-Japan Association is to find opportunities for the Midwest's environmental, health and wellness sectors as the population of Japan and the U.S. states age.
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Noblesville pursues cultural district designation

September 6, 2014
Andrea Muirragui Davis
Noblesville is positioning itself to join an elite group of Indiana Cultural Districts—a state designation officials say should boost the city’s appeal and help drive economic development.
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Lowe's seeks $500K tax break from city on customer center

September 3, 2014
Mason King
The home-improvement retail giant plans to hire 1,000 workers for the center at Intech Park on the northwest side. The jobs would pay an average hourly wage of about $16.
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Auto parts supplier plans Indiana factory, 253 jobs

September 3, 2014
 Associated Press and IBJ Staff
Tenneco Inc. announced Wednesday that work is underway preparing an existing 150,000-square-foot building in a Jeffersonville industrial park for the factory.
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Large crowds buoying pro sports teams

August 30, 2014
Anthony Schoettle
There’s never been a better time to be a professional sports franchise operator in Indianapolis. Season-ticket renewal rates and attendance are near record levels. But some observers wonder whether too much of a good thing could turn into a bad thing if spending on sports outruns growth in the local economy.
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UPDATE: Tech entrepreneur Braun named DWD commissioner

August 28, 2014
Jeff Newman
State Rep. Steve Braun, an entrepreneur who sold a publicly traded technology company a decade ago, will take over leadership of the Indiana Department of Workforce Development in late November, Gov. Mike Pence announced Thursday morning.
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Boone County agency taps native as eco-devo leader

August 28, 2014
Andrea Muirragui Davis
Molly Whitehead joined Boone Economic Development Corp. as executive director Aug. 18, a little more than a month after predecessor Bryan Brackemyre left for a job at Ernst & Young.
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Ten local innovations chosen to reap awards

August 27, 2014
Norm Heikens
New things ranging from apprenticeships to beer dispensers to the Indianapolis Zoo's orangutan exhibit are in line for awards at this year’s Day of Innovation at Hilbert Circle Theatre.
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HQ move earns pharma firm another tax break

August 27, 2014
Andrea Muirragui Davis
A Carmel-based institutional pharmacy plans to invest $8 million expanding its Noblesville operations, which include its headquarters. On Tuesday, it received its second tax-incentive deal from the city in two years.
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U.S. economy forecast to grow by 1.5 percent in 2014

August 27, 2014
Associated Press
The Congressional Budget Office says the U.S. economy will grow by just 1.5 percent this year — hurt by a poor first-quarter performance. This new assessment is considerably more pessimistic than the Obama administration's.
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Feds' new data adds shine to Hoosier incomes

August 23, 2014
Norm Heikens
In April, the U.S. Bureau of Economic Analysis began considering cost of living alongside the stew of income figures it has long collected, and the new, adjusted income numbers make both the metro area and the state look like better places to live.
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Noblesville eyes plans for $10M park, amphitheater

August 22, 2014
Andrea Muirragui Davis
Officials hope to bolster the city's "hipstoric" downtown and jump-start redevelopment of a key community gateway. But the price strikes some as steep.
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Indianapolis Downtown Inc. to go by new name

August 20, 2014
 IBJ Staff
Indianapolis Downtown Inc., a 21-year-old public-private promotional group, plans to do business under a new name as part of a strategic plan, it announced Wednesday morning.
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Carmel sports marketing firm plans headquarters expansion

August 19, 2014
U/S Sports Advisors said it will spend $1.1 million on an expansion at its Carmel headquarters, increasing employment by 36 jobs by the end of 2018.
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Real estate company proposing $26 million development

August 18, 2014
 IBJ Staff
Becknell Industrial LLC has proposed a $26 million, three-building development on the northwest side of Indianapolis that would be ready for tenants by early 2015.
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Cardinal Health unit seeks tax breaks for local drug facility

August 18, 2014
 IBJ Staff
A subsidiary of Dublin, Ohio-based Cardinal Health Inc. is seeking tax breaks from the city of Indianapolis to help it open a $14.4 million local drug-production facility that would employ 85 workers by 2017.
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