Economic Development

Fishers OKs tax break for medical building

June 7, 2014
Andrea Muirragui Davis
Cornerstone Cos. plans to locate the $11 million project near Interstate 69.
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States could be expanding wealth gap with tax policies

June 5, 2014
Associated Press
Politicians in Indiana and other states hope tax cuts for businesses will boost their economies, but those and other moves could be contributing to the income gap limiting growth in U.S. consumer spending.
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Online grocer plans 238 jobs in Indianapolis

June 2, 2014
 IBJ Staff
Peapod Inc., an online grocery-delivery service, is seeking city tax incentives to help it with an expansion that would create 238 jobs by 2018. The jobs would pay about $15 per hour.
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Indy's Evolution: Johnson County steps up growth chaseRestricted Content

May 31, 2014
Dan Human
The county south of Indianapolis was king of the suburbs in the 1970s, but now has fallen far behind Hamilton to the north in population and income, and in recent years slipped behind Hendricks County to the west.
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Pedcor angling for $16M subsidy for City Center expansion

May 31, 2014
Andrea Muirragui Davis
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
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UPDATE: Manufacturer plans $110M expansion, 329 jobs

May 29, 2014
Associated Press
Alcoa Howmet factory in LaPorte, which makes castings for the aerospace and industrial gas turbine industries, will receive local and state tax breaks in return for job commitments.
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OurHealth to add employer clinics, 450 jobs by 2018

May 28, 2014
J.K. Wall
The 5-year-old firm has pledged to invest $20 million to double the size of its corporate headquarters in Indianapolis and lease real estate for a series of 3,500-square-foot health clinics across the state.
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Isotope maker plans $40M project in Noblesville

May 28, 2014
Andrea Muirragui Davis
Radiopharmaceuticals maker Zevacor Molecular plans to open a $40 million isotope-production facility in Noblesville, creating nearly 50 good-paying jobs within five years.
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Indiana names new director of eco-devo office in Japan

May 23, 2014
 IBJ Staff
Toshikazu "Tony" Suzuki brings more than 40 years of executive and senior management experience, working in both Japan and the United States.
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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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Life sciences critical mass elusive in Indiana after years of effortRestricted Content

May 10, 2014
J.K. Wall
Attempts to build the sector are making headway, but Indiana still lags leading states.
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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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Health IT firm hc1.com to add up to 175 Boone County jobs

May 2, 2014
 IBJ Staff
The company said it will invest $2.5 million to lease and renovate an additional 9,466 square feet to expand its current 16,626-square-foot headquarters at Northwest Technology Park.
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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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City predicts rising property values around justice center

April 28, 2014
Kathleen McLaughlin
The argument that the complex could help revitalize the neighborhoods near the former GM stamping plant southwest of downtown could be crucial for securing the support of residents.
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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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Tech startup Gusto lands $1.3M in venture capital

April 14, 2014
Dan Human
Elevate Ventures, which manages the federally backed Indiana Angel Network Fund, led the financing round.
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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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Growth in Hoosier wages lagging inflationRestricted Content

April 12, 2014
Dan Human
Pay raises were a pipe dream for many Hoosiers last year—as the median wage in Indiana inched up 0.8 percent, to $31,990, according to federal data released this month.
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San Francisco route off to flying startRestricted Content

April 12, 2014
Kathleen McLaughlin
Indianapolis business travelers pay a premium to shave a few hours and a lot of hassle off their trips to Silicon Valley, and they appear eager to do so. A new nonstop route between Indianapolis International Airport and San Francisco was about three-quarters sold in January and February, the two slowest months for air travel.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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