Economic Development

Airport may carve up ex-terminal property

September 8, 2012
Chris O'Malley
Indianapolis International Airport managers say they haven’t given up hope that a single, mega-sized tenant could create an economic development boon at the site abandoned nearly four years ago when the midfield terminal opened. But the latest listing of redevelopment sites shows the former terminal complex being marketed in pieces.
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Architecture firm plans to expand, add 27 employees

September 6, 2012
Guidon Inc. said it will add the jobs by 2016 as part of a $545,000 expansion that includes upgrades to its facility at 2453 N. Delaware St. in Indianapolis.
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TIF district expansion proposal gets committee OK

August 28, 2012
 IBJ Staff
A proposal that would expand a downtown tax-increment financing district to the northeast and northwest was approved Monday by the City-County Council's Metropolitan and Economic Development Committee.
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Packaging manufacturer plans to expand, add 32 jobs

August 23, 2012
Cicero, Ill.-based Royal Box Group LLC said it plans to add 32 employees by 2017 and spend $3.8 million to build and equip a new plant in Greenfield.
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Web services firm plans downtown office, 300 jobs

August 22, 2012
San Francisco-based cloud-computing service provider Appirio Inc. said it will spend $2 million to open an office in downtown Indianapolis' Pan Am building, where it will employ 300 by 2015.
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Bell Techlogix plans local expansion, 204 jobs

August 20, 2012
The provider of information technology services said it will lease, equip and renovate part of a 100,000-square-foot facility on the city's northwest side as part of the $1.4 million expansion. Bell has about 450 employees in the metropolitan area.
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Anderson seeking new Nestle production line

August 17, 2012
Associated Press
Leaders of a central Indiana city are trying to persuade Nestle to pick it for a new production line at an existing plant that could add about 100 jobs.
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EDITORIAL: Time to break TIF logjam in IndianapolisRestricted Content

August 11, 2012
 IBJ Staff
Republican Mayor Greg Ballard's aides says delayed action on funding proposals could jeopardize pending economic development proposals.
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RV parts suppliers plan to add 260 jobs in Indiana

August 8, 2012
Lippert Components Manufacturing Inc. and Kinro Manufacturing Inc., divisions of White Plains, N.Y.-based Drew Industries Inc., said they will bring the jobs to Elkhart and Goshen by 2015 as part of a $3.7 million expansion.
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Marketing software firm CIK plans to expand, add 57 jobs

August 6, 2012
CIK Enterprises LLC, a marketing software and services firm, plans to add the jobs by 2016. The company will continue to lease a 30,000-square-foot facility on the city’s west side.
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Showdown escalates in City-County Council over TIFs

August 4, 2012
Kathleen McLaughlin
Redevelopment of the Massachusetts Avenue fire station could remain in limbo for the foreseeable future, as Mayor Greg Ballard and council Democrats enter a standoff over tax increment financing districts.
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'Creating a vision' is job one for IDI’s new presidentRestricted Content

August 4, 2012
Dan Human
Sherry Seiwert, former executive director of the Indiana Housing and Community Development Authority, begins Aug. 6 as president of Indianapolis Downtown Inc., the group that charges itself with developing, maintaining and promoting the heart of the city.
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Anderson using Colts training camp in year-round tourism effort

August 2, 2012
Anthony Schoettle
With a new Indianapolis Colts coach and quarterback on the field, Anderson officials expect to see an increase in training camp attendance this season that will help boost tourism in Madison County all year.
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City's Huber to head airport biz-development efforts

August 1, 2012
 IBJ Staff
Michael Huber, the city's deputy mayor for economic development since March 2010, is stepping down to take a lead role in commercial development at Indianapolis International Airport. He'll be replaced by Bond Bank director Deron Kintner.
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Indiana companies finding export boom in AfghanistanRestricted Content

July 28, 2012
Dan Human
While Indiana exports overall rose 12 percent in 2011, to a record $32.2 billion, shipments to Afghanistan rocketed 323 percent, to $828 million.
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Beech Grove mayor starts process to form CDC

July 27, 2012
Scott Olson
Mayor Dennis Buckley on Friday requested the establishment of a community development corporation with a signed proclamation, which will be presented to the city's development commission for consideration. He hopes to have it operating within the next month.
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Chinese business advisers set to scout Indiana sites

July 24, 2012
 IBJ Staff
A group of 20 advisers to Chinese businesses looking to expand in the United States plan to visit several Indiana sites starting Wednesday.
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Auto parts manufacturer plans 325 jobs in Anderson

July 24, 2012
Automobile parts supplier Greenville Technology Inc. plans to open a $21.4 million plant in Anderson, creating 325 jobs by 2016, economic development officials announced Tuesday morning.
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Positron moving $65M project from Noblesville to Gary

July 23, 2012
 IBJ Staff and Associated Press
A troubled central Indiana nuclear medicine company is dropping plans to build a multimillion-dollar facility in Noblesville after reaching a better deal with the city of Gary.
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Hoosier economic engine poised to downshiftRestricted Content

July 14, 2012
J.K. Wall
Hoosier employers added jobs faster than those in all U.S. states except two through the end of May, according to federal estimates.
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Manufacturer growing Shelby County plant

July 13, 2012
 IBJ Staff
California-based manufacturer DrillingWorld plans to expand its operations in Shelbyville, adding as many as 30 jobs by 2015.
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IDI taps not-for-profit veteran to succeed Zahn

July 9, 2012
Scott Olson
Sherry Seiwert, executive director of the Indiana Housing and Community Development Authority, replaces longtime leader Tamara Zahn, who announced in February that she would leave once a successor was found.
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Bus seat maker to start production in Indiana

July 3, 2012
Associated Press
A German company that makes passenger seats for buses and trains plans to start its first U.S. manufacturing facility in northern Indiana, creating up to 62 jobs.
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Indiana leads region in income growthRestricted Content

June 30, 2012
The first-quarter report from the Bureau of Labor Statistics put Indiana on par with national growth and ahead of surrounding states.
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Covance plans $150M expansion, 465 jobs in Greenfield

June 26, 2012
The New Jersey-based pharmaceutical research company is seeking state and local incentives as part of the expansion, which would include a new laboratory, set to be finished in 2016. Covance already employs 565 workers at the site.
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