Economic Development

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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Firm plans $16 million revival of Kokomo plant

October 15, 2013
 IBJ Staff
A maker of porcelain products plans to invest $16 million to purchase, renovate and equip a vacant pottery production plant in Kokomo and create as many as 140 jobs by 2014.
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Pacers land IEDC as court sponsorRestricted Content

October 12, 2013
Anthony Schoettle
The Indiana Pacers have brokered a deal with an unusual sponsor—the Indiana Economic Development Corp.—to become the first of 30 National Basketball Association teams to sell courtside ads emblazoned on the hardwood.
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Auto parts maker shifting work from Michigan to Indiana

October 9, 2013
Associated Press
Quebec-based Exo-s US says it will spend nearly $7 million on the factory in the LaGrange County town of Howe. It expects to open the factory next year and hire up to 250 workers by 2016.
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Two manufacturers target Indiana city for expansion

October 8, 2013
 IBJ Staff
The Indiana Economic Development Corp. announced two economic development deals Tuesday morning that will bring more than 200 jobs to Whitley County in northern Indiana.
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End of major state highway project could mark start of growth

October 7, 2013
Associated Press
The almost-completed $383 million State Road 25 Hoosier Heartland Highway Corridor project is expected to create economic development opportunities from West Lafayette to Fort Wayne.
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UPDATE: Cabinet company to hire 309 in Connersville

October 4, 2013
Associated Press
A cabinet company announced Friday that it will hire more than 300 people over five years at a vacant former auto parts plant in eastern Indiana.
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Pallet manufacturer plans 115 jobs in Indiana

October 1, 2013
Associated Press
Indiana-based manufacturer Calumet Pallet Co. plans to expand by spending $2.7 million to buy and equip a new facility in northern Indiana.
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Auction lands $2.1 million for Elona Biotech assets

September 27, 2013
 IBJ Staff
Elona went into receivership in June after Greenwood officials filed a foreclosure lawsuit against the firm. The company failed after receiving more than $8 million in economic development incentives from the city over the past three years.
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Insurance broker growth part of Fort Wayne project

September 23, 2013
Associated Press
An insurance brokerage will relocate its Fort Wayne headquarters to a new $71 million downtown mixed-use project and create 115 jobs by 2017, Mayor Tom Henry said Monday.
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Dallara sees Indy operations as springboard for U.S. expansionRestricted Content

September 21, 2013
Anthony Schoettle
Dallara is preparing to install a $5 million automobile simulator in its Speedway plant—a move that could fuel the company’s plan to dramatically grow its local operation.
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Fishers plans new development on train-station site

September 21, 2013
Andrea Muirragui Davis
Incentive deals are on the table to keep two high-potential businesses in Fishers, and the town is poised to pull the trigger on redevelopment of the Fishers Train Station property—where one of the firms could occupy third-floor office space.
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GE dropped planned investment in Bloomington factory

September 20, 2013
Associated Press
A GE Appliances spokeswoman says a $161 million investment announced three years ago was never made at a southern Indiana refrigerator factory where 160 jobs are now being cut.
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Anderson leaders work to make most of gateways

September 20, 2013
Associated Press
A group of Anderson business and civic leaders is focusing on ways to change perceptions of those traveling into the city by improving interstate entrances.
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Central Indiana mayor traveling to Italy to lure business

September 20, 2013
Associated Press
Anderson Mayor Kevin Smith said he'll meet with executives from five manufacturing companies near the city of Milan during the trip that starts Saturday.
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City votes to end tax break for tech staffing firm

September 19, 2013
Kathleen McLaughlin
The Metropolitan Development Commission voted Wednesday to cancel a tax abatement for Indianapolis-based tech staffing firm BCForward, since it didn't hit job-creation targets laid out in a 2009 economic development agreement.
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Lottery sales lag forecast under new manager

September 18, 2013
Kathleen McLaughlin
The Hoosier Lottery is running about 17 percent behind projections for surplus revenue in July and August under manager Gtech Indiana, a subsidiary of a firm that also has missed its forecasts for the Illinois lottery.
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City set to end tax break for tech staffing firm

September 18, 2013
Kathleen McLaughlin
Indianapolis-based technology staffing company BCForward won't fight a Department of Metropolitan Development move to discontinue tax breaks for the firm's Market Street headquarters.
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Recycled paper mill plans 137 jobs in Indiana

September 17, 2013
Associated Press
The Indiana Economic Development Corp. said Tuesday that Pratt Industries will invest $260 million to build the recycling plant next to its existing box-making plant in Valparaiso.
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Too few jobs in Indiana for science, tech graduatesRestricted Content

September 14, 2013
J.K. Wall
Indiana’s problem with brain drain is that its business community is too weak to offer enough jobs or high enough pay to keep graduates with the best money-making potential—those with degrees in science, technology, engineering, math and business.
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Online retailer Newegg plans big distribution center

September 13, 2013
Kathleen McLaughlin
Newegg.com is considering a $15 million distribution center in Indianapolis that would employ 150 people by the end of 2015.
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Pence visits Subaru officials, plants tree in Japan

September 12, 2013
Jesse Wilson, The Statehouse File
Indiana Gov. Mike Pence is visiting Japanese companies that do major business in Indiana on a trade mission to Asia.
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State's top rural development officials abruptly resign

September 9, 2013
Kathleen McLaughlin
Dax Norton, director of Indiana's Office of Community and Rural Affairs, and his deputy quietly left their posts late last month, and state officials are offering no explanation for the departures.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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