Economic Development

Polaris plans $4.7 million laboratory expansion

May 22, 2013
 IBJ Staff
Polaris Laboratories LLC, an Indianapolis-based company that analyzes oil, fuel and coolants, said it plans a $4.7 million local expansion that will add up to 25 employees by 2016.
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Work stops on Greenwood pharmaceutical plant

May 20, 2013
 IBJ Staff and Associated Press
Greenwood officials three years ago approved $8.4 million of incentives for the Elona Biotechnologies project, including the construction loan.
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Greenwood, Whiteland try to spur, shape growthRestricted Content

May 18, 2013
Kathleen McLaughlin
Two Johnson County communities are determined to capture—and control—the next wave of suburban growth.
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Oesterle sells land to Angie's List, reaping millionsRestricted Content

May 18, 2013
Chris O'Malley
Angie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.
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River protest set for proposed central Indiana reservoir

May 17, 2013
Associated Press
Organizer and environmentalist Clarke Kahlo told The Herald Bulletin that the group is trying to build public awareness of the amount of land that would disappear if the reservoir is built.
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Eco devo veteran takes over Hamilton County Alliance

May 15, 2013
Andrea Muirragui Davis
Former state Department of Commerce Chief Tim Monger took the reins of the economic development group after financial woes forced the organization to reevaluate priorities. He plans an aggressive approach.
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Manufacturer planning expansion, 100 jobs in Boone County

May 13, 2013
 IBJ Staff
CNH Parts & Service, the product-support division of international manufacturing giant CNH Global NV, plans a $13.3 million expansion in Lebanon.
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Truck insurer’s new jobs to boast gold-plated payRestricted Content

May 11, 2013
The 133 full-time jobs the truck and auto insurer plans to add over the next five years will pay around $60 an hour, or nearly $125,000 a year.
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Pence signs $100 million Speedway funding bill

May 10, 2013
Associated Press
Indiana Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for planned improvements.
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Broad Ripple telecom firm plans big growth, 183 jobs

May 10, 2013
Mason King
Founded in 2007 by Purdue University students, Weeks Communications has established a new headquarters in Broad Ripple and plans to invest $4.1 million as it aggressively hires new employees.
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Review finds no conflict in state's deal with Mainstreet

May 7, 2013
 IBJ Staff and Associated Press
Gov. Mike Pence asked the Indiana Economic Development Corp. in early April to review its decision to grant $345,000 in performance-based economic incentives to Mainstreet Property Group LLC, a company started by a top Republican lawmaker and his son.
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Subaru planning major expansion in Indiana

May 7, 2013
 IBJ Staff and Associated Press
Subaru plans to expand its Lafayette factory and add hundreds of workers to build the Impreza small car there, a source briefed on the matter says.
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Pence signs sentencing, IEDC-transparency bills

May 7, 2013
Associated Press
Indiana Gov. Mike Pence signed three bills into law Tuesday, one involving government transparency in economic development deals, one related to school safety and another overhauling criminal sentencing.
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Governor taps ex-WellPoint CEO Braly for IEDC board

May 7, 2013
J.K. Wall
The appointment is the first high-profile post that Braly, 51, has accepted since she was ousted from the top spot at the Indianapolis-based health insurer in August.
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New lights only the beginning for Brickyard changesRestricted Content

April 27, 2013
Anthony Schoettle
Everything is on the table for consideration, says new Hulman & Co. CEO Mark Miles.
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Speedway's Speed Zone redevelopment project in high gearRestricted Content

April 27, 2013
Anthony Schoettle
Some goals have been realized, while others are moving through the pipeline.
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HAGERMAN: Turbulent times like these not for the faint of heartRestricted Content

April 20, 2013
Jeff Hagerman
Strategic planning for market-sector success in commercial real estate has always been difficult and risky, but the past five years of the recession have only compounded this uncertainty.
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Online sales-tax proposal hits Senate roadblock

April 18, 2013
Associated Press
Republican state senators have blocked a vote on a bill that would force Amazon.com and some other online-only retailers to start collecting Indiana's 7-percent sales tax this summer.
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Grand Design RV plans 500 jobs in Elkhart County

April 18, 2013
Associated Press
Grand Design RV in Middlebury on Thursday said it plans to locate its headquarters and manufacturing operations in the Elkhart County town about 30 miles east of South Bend.
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Passage to India: Ballard leading weeklong trade trip

April 12, 2013
 IBJ Staff
The Indianapolis delegation will hit the cities of Hyderabad and New Delhi. Visits will focus on information technology, life sciences, and research groups, organizers said.
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Chamber prez Miller resigns after 18 months

April 11, 2013
Norm Heikens
Scott Miller, 45, will leave the Indy Chamber after a short tenure that included leading the body through mergers with several like-minded groups. He tells IBJ he felt that he had already accomplished his major goals and wanted to shift to the private sector.
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RV parts maker plans 800 jobs, new HQ in Indiana

April 9, 2013
Associated Press
Northern Indiana's recreational vehicle industry is getting a boost with the relocation of RV components producer Drew Industries Inc. to Elkhart and its pledge of up to 800 new jobs by 2017.
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IEDC deal with Mainstreet put on hold by Pence

April 8, 2013
Associated Press
Gov. Mike Pence asked the Indiana Economic Development Corp. on Monday to review its decision to grant $345,000 in economic incentives to a company started by a top Republican lawmaker and his son.
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City to buy key parcel for 16th Street tech corridorRestricted Content

April 6, 2013
Scott Olson
The city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a key parcel of real estate it’s targeting as the centerpiece of its ambitious 16 Tech project.
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Boone County development group names new leaderRestricted Content

April 6, 2013
Bryan Brackemyre, who has been interim executive director of the Boone County Economic Development Corp. since his predecessor left for a position in state government early this year, got the full-time job effective April 1.
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  1. RKW's comments read like a modern "Chicken Little". As a Raintree resident for many years, "Yes, I'm ready for this." Matter of fact, I welcome The Farm because it's a development that compliments our town, brings new and desirable shopping & dining closer (specialty grocer, upscale shops, micro brew pub, etc), offers upscale condos for empty nesters who want to stay in Zionsville, is being planned and constructed by local, well-reputed firms and, of course, provides desirable non property tax benefits. We all knew the Pittman's were going to develop their property sooner than later. That one of the Pittman's will continue to live on the property helps assure The Farm will be everything promised. This also sets a standard for other developers as to the quality of future developments - which should keep an ugly Walmart at bay for decades. As we've no meglomaniac mayor, I seriously doubt Zionsville would ever aspire to over-priced statues or subsidized retail rents. And we already have a very nice public theater, the Zionsville Performing Arts Center, that meets our cultural needs quite nicely.

  2. Do we add (or subtract) these from the bounty we recieve from RTWFL, Daylight Savings Time, corporate tax giveaways, and the crack job IEDC is doing?? Or is Mike going to blame these on Mitch?

  3. Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.

  4. We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)

  5. True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.

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