Economic Development

Shoe maker targets Indiana for 184 customer-service jobs

December 12, 2013
 IBJ Staff
The maker of Stride Rite, Sperry Top-Sider, Hush Puppies and Keds footwear plans to expand operations in Richmond, creating 184 jobs by 2017 and retaining 130 workers in the city about 65 miles east of Indianapolis.
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Security firm's job-creation plans draw state incentives

December 11, 2013
 IBJ Staff
Allegion PLC's plans to add employees at its North American headquarters in Carmel could earn the global security firm as much as $2 million in tax credits from the Indiana Economic Development Corp.
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Region registering impressive tech-job gainsRestricted Content

December 7, 2013
Dan Human
Indianapolis’ and Carmel’s work forces were so lacking in high-tech jobs in 2001 that the void led to breakneck-speed hiring over the past 12 years as the cities caught up—faster than almost any other place in the United States.
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Downtown plan proposes street changes, parks, lighting

December 3, 2013
Scott Olson
A not-for-profit's proposal for downtown Indy focuses on making it more comfortable and dynamic for urban dwellers.
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Software startup lands state incentives, plans growth

December 3, 2013
Dan Human
AppealTrack, which makes software that manages property tax appeals, expects to double its staff to 14 by 2016.
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Westfield gearing up for big hospitality play

November 30, 2013
Andrea Muirragui Davis
Westfield’s massive Grand Park Sports Campus doesn’t open until March, but city leaders already are focused on making sure the 1 million-plus visitors they expect next year want to come back.
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Manufacturer seeks tax break, plans to add 100 jobs

November 26, 2013
 IBJ Staff
Applied Composites Engineering Inc., an Indianapolis-based designer and manufacturer of products for the aerospace industry and military applications, is planning to spend $2.5 million on equipment that would help it double its work force over the next six years.
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Indiana unemployment rate sinks to 7.5 percent as state adds jobs

November 22, 2013
 IBJ Staff
The state's jobless rate has been on a downward spiral in recent months, dropping from 8.4 percent in July to 8.1 percent in August, then falling to 7.8 percent in September.
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Newegg lands incentives from state for distribution center

November 20, 2013
 IBJ Staff
Online electronics retailer Newegg Inc., which reached an inducement deal with the city in September to open a distribution center in Indianapolis, has landed even more incentives from the state, the Indiana Economic Development Corp. announced Wednesday.
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Health care cloud firm expanding, adding 62 jobs

November 15, 2013
 IBJ Staff
The Zionsville-based firm said it will spend $1.4 million to lease and equip a 16,626-square-foot headquarters facility at Northwest Technology Park to allow for the expansion.
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Lugar big winner at Indiana Chamber awards night

November 12, 2013
Former Sen. Richard Lugar won the Indiana Chamber of Commerce Government Leader of the Year award Tuesday night, even though the Republican was ousted from office in 2012.
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U.S. economic growth perks up in third quarter

November 7, 2013
Associated Press
The U.S. economy expanded at a 2.8-percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown.
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Ex-Japanese biz exec to lead state's Asian strategy

November 7, 2013
Associated Press
Rick Pease was hired by the state after a 30-year career at Columbus-based Enkei America, the North American division of a global automotive supplier.
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T2 Systems loses tax break over technicality

November 7, 2013
Dan Human
The software developer moved across town to a new address in 2012, which nullified its agreement with the city—although it's still on track to meet its goals for new investment and hiring.
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IBJ rolls out politics website

November 6, 2013
Staff Report
The central Indiana business news authority has elevated the idea behind its popular Forefront section and created a website similarly focused on commentary about politics, policy and government.
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Startup bakery seeking tax breaks on $78M project

November 4, 2013
 IBJ Staff
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
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Purdue makes big push into state's pharma industry

November 2, 2013
J.K. Wall
With a $60 million-plus investment, the university aims to take molecules from discovery to clinical trials.
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Redevelopment commission for Carmel in turmoilRestricted Content

November 2, 2013
Andrea Muirragui Davis
The city's big-spending redevelopment commission, which helped fund some of Carmel's most ambitious projects, now is facing a tight budget, a staff exodus and brow-raising audit.
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Review recommends stronger oversight of state contractor

November 1, 2013
 IBJ Staff and Associated Press
An independent review of Elevate Ventures found the state contractor needs more oversight even though it is "substantially compliant with its investment and operational requirements,” Indiana Gov. Mike Pence's office said Friday.
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Reagan's supply-side guru to address accountants in Indy

November 1, 2013
Chris O'Malley
Arthur Laffer is reviled by the big-government crowd for blaming high tax rates for slow economic growth. He'll discuss his cautionary tale for states while in Indianapolis next week.
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Strategist: Get ready for steady economic growth

October 30, 2013
Norm Heikens
Forecast 2014 Watch
                           video iconBusinesses will begin using their profits and horded cash to reinvest in themselves in 2014, helping push economic growth back to a more comfortable 2.5 percent, according to John Augustine, chief market strategist for Fifth Third Bank.
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Illinois manufacturer to move headquarters to Indiana

October 23, 2013
Tec Air Inc. plans to transfer its current workforce of about 150 employees to its new headquarters and hire about 100 more by 2016.
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Indiana working poor highlighted in pair of studies

October 20, 2013
Associated Press
The Kaiser Family Foundation found that 182,000 residents fall into a health insurance coverage GAP, and a jobs study found almost half of Indiana's fast food workers are also receiving public assistance.
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Indy pitches in to continue Amtrak line to Chicago

October 16, 2013
Kathleen McLaughlin, Associated Press
Communities on Amtrak's Hoosier State line from Indianapolis to Chicago will help continue the service for at least a year.
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Three cities seek grant to boost manufacturing

October 16, 2013
Associated Press
Three central Indiana cities that once had thousands of auto workers have joined together in seeking a $20 million federal grant to help attract new businesses to their empty factories.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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