Economic Development

Low-profile, high-volume graphics business growing in Fortville

April 8, 2014
Andrea Muirragui Davis
PlaqueMaker.com plans to invest as much as $3 million to expand its Fortville operations, building and equipping a 42,000-square-foot facility and nearly doubling its staff by the end of 2018.
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Abandoned Indiana factory site could lure Illinois company

April 2, 2014
Associated Press
Harvey, Ill.-based steel processor LB Steel is looking to move to the site and employ about 400 to 450 workers.
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Beck's plans $60M expansion, 100 more workers

April 2, 2014
Andrea Muirragui Davis
Indiana-based Beck’s, the country’s largest family-owned seed company, said the expansion will include research labs, greenhouses, office space, and seed-processing facilities and equipment.
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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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Beck's Hybrids planning to expand headquarters operation

April 1, 2014
Andrea Muirragui Davis
The growing family-owned seed company had been working with Hamilton County officials on incentives. An economic development announcement with state officials is planned for Wednesday morning.
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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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Governor signs tax-cut, economic development bills

March 25, 2014
Associated Press
Indiana Gov. Mike Pence on Tuesday morning signed into law a package of state business tax cuts approved by lawmakers earlier this month as well as several other business-related bills.
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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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City considers whether to revoke 3M tax break

March 24, 2014
Kathleen McLaughlin
Minneapolis-based 3M spent nearly $16 million in 2008 on local buildings and equipment for Aearo Technologies, but hasn’t hit hiring targets set out in a seven-year tax-abatement agreement.
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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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City to consider $7.7M bond issue to assist Broad Ripple project

March 18, 2014
Scott Olson
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
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More hiring coming to Indiana?Restricted Content

March 15, 2014
At first blush, a poll that suggests 40 percent of Hoosier businesses plan to invest money into their business this year sounds promising.
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UPDATE: Mayor picks GM site for criminal justice complex

March 13, 2014
Kathleen McLaughlin
Mayor Greg Ballard will recommend that a proposed criminal justice complex be located on the former GM stamping plant on the western side of downtown—not the airport property that ranked highest in a market study.
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City announces short list for creating justice complex

March 4, 2014
Kathleen McLaughlin
Indianapolis officials Tuesday named three development groups that will be invited to submit proposals to create a new criminal justice complex.
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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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Fourth quarter economic growth rate revised much lower

February 28, 2014
Associated Press
The U.S. economy grew at a 2.4-percent annual rate last quarter, sharply less than first thought, in part because consumers didn't spend as much as initially estimated. For all of 2013, the economy grew at a lackluster 1.9 percent.
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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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Fishers' mayoral candidates disagree on best growth strategyRestricted Content

February 22, 2014
Andrea Muirragui Davis
The six Republicans vying to be Fishers’ first mayor fall into two camps on the key issue of growth: those who support recent efforts to spur business activity downtown, and those who advocate a more hands-off approach.
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Indy Eleven says new stadium crucial for long-term successRestricted Content

February 22, 2014
Anthony Schoettle
The Indy Eleven won’t play its first game for nearly seven weeks. But officials with the North American Soccer League franchise say there’s already an urgent need to plow ahead with building the team an $87 million stadium.
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Mayor wants to lure high-earners to boost income-tax baseRestricted Content

February 22, 2014
Kathleen McLaughlin
Mayor Greg Ballard's chief deputy has spent the past six months telling community and business leaders that the city simply cannot cut its way out of its revenue problems; it also needs to attract more people to live within city boundaries so they will pay their income tax to Indianapolis.
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Dunham's $30M expansion in Marion to create 135 jobs

February 19, 2014
 IBJ Staff
The sporting good retailer, which has more than 200 stores in 17 states, will consolidate distribution into a new, 735,000-square-foot building.
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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. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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