Economic Development

U.S. economy adds 195K jobs; unemployment rate steady

July 5, 2013
Associated Press
The job growth suggests a stronger economy and makes it more likely the Federal Reserve will slow its bond purchases before year's end.
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Hostess set to resume full production in Indy

July 3, 2013
Kathleen McLaughlin
Hostess Brands LLC wants to have its Indianapolis plant in full production by the end of next week, an executive said Wednesday. The company received a tax incentive agreement worth $536,000 from the city on Wednesday.
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GM supplier plans opening factory near Fort Wayne

July 3, 2013
Associated Press
A Canadian-based General Motors supplier plans to open a new facility near Fort Wayne and hire up to 160 workers in the next few years.
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Benefits firm to continue growth spurt, add 25 jobs

July 1, 2013
Mason King
Nyhart Actuary & Employee Benefits plans to invest $840,000 to lease and equip an expansion of its Indianapolis headquarters, and already has started hiring.
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Powerball sales drive Hoosier Lottery revenue to record high

June 28, 2013
Kathleen McLaughlin
The state lottery expects to pull in $945 million for the fiscal year ending June 30. Meanwhile, lottery operator GTECH Indiana plans to start televising Powerball and Mega Millions drawings this summer.
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City to review tax breaks for five tech firms

June 20, 2013
Kathleen McLaughlin
The biotech and technology companies could see their Marion County tax abatements reduced or cancelled if officials decide they didn't fulfill promises on new investment and hiring.
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Posey County backs bonds for $1.3B fertilizer plant

June 20, 2013
Associated Press
A southwestern Indiana county is issuing $1.3 billion in bonds for a fertilizer plant being developed by a Pakistan-based group after Gov. Mike Pence pulled state support.
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Indy-based 3D printer lands incentives for expansion

June 20, 2013
Mason King
3D Parts Manufacturing LLC plans to invest $6 million to lease and equip 25,000 square feet of operations space and hire 65 workers by 2018.
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New Hostess owners want abatement for equipment

June 14, 2013
Cory Schouten
The new owners of Hostess Brands are seeking a tax abatement to support investment of $10 million in new equipment for a plant on the east side that could employ up to 145 people.
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Japanese auto supplier adding 103 jobs in Columbus

June 14, 2013
Sunright America, a maker of nuts, bolts and specialty fasteners, plans to invest $35 million to build and equip two additional facilities on its 33-acre campus.
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Greenwood sues over failed pharmaceutical facility

June 13, 2013
 IBJ Staff and Associated Press
Greenwood Mayor Mark Myers says city officials had tried for months to help with talks with possible investors for Elona Biotechnologies, without any progress.
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IDI’s Velocity project plumbs urban neighborhoods

June 12, 2013
Scott Olson
The strategic planning project is holding a series of neighborhood roundtable meetings this month in hopes of having final recommendations for the future of downtown by the end of the year.
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Bio-Response expanding in Hendricks County

June 10, 2013
 IBJ Staff
Wastewater equipment maker is moving to a Danville business park to build a $1.1 million facility.
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IDI seeking input for strategyRestricted Content

June 8, 2013
Velocity, the downtown strategic planning project launched by Indianapolis Downtown Inc., is holding a series of neighborhood roundtable meetings in June to gather input about the future of downtown and surrounding neighborhoods.
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Manufacturer plans $30.2M expansion in Franklin

June 7, 2013
 IBJ Staff
NSK Corp. and NSK Precision America Inc. said the project will allow them to hire 46 additional workers by 2016 at their 63-acre corporate campus.
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Indiana county pushes ahead with fertilizer plant

June 6, 2013
Associated Press
The Pakistan-based developers of a fertilizer plant have won a southwestern Indiana county's initial approval for the project, weeks after the state pulled its support.
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Miller Pipeline plans $5.3M expansion, more jobs

June 5, 2013
 IBJ Staff
The Indianapolis-based subsidiary of Vectren Corp. plans to construct a 52,000-square-foot building at its 34-acre corporate campus at 8850 Crawfordsville Road.
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Former Indy Chamber prez scores consulting work

June 4, 2013
Dan Human
Scott Miller, who resigned from the chamber post after less than two years to follow his entrepreneurial bent, will help two local startups get off the ground.
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IEDC rolling out $1M diversity investment fund

June 4, 2013
Greg Andrews
Fund managers will seek to invest in companies owned by minorities, women and veterans that have sustainable competitive advantages, scalable business models and the potential for meaningful job creation.
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INDOT memo strips information in public tug-of-war

June 2, 2013
Associated Press
By one stroke this year, Indiana lawmakers and the new governor vastly improved the public's ability to find out how the show is run at the Statehouse, while in another, top managers at the Indiana Department of Transportation quietly clamped down on what's available.
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Mainstreet plans $9.2M nursing home on northwest side

May 31, 2013
Kathleen McLaughlin
The 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style dining with an on-site chef.
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FedEx seeks to build $34M distribution hub at Ameriplex

May 31, 2013
Kathleen McLaughlin
FedEx is looking to nearly double the size of its SmartPost distribution operations on the city's southwest side by building a bigger hub at the Ameriplex Indianapolis business park.
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Data-hosting firm Axia to add up to 45 jobs

May 29, 2013
The Indianapolis-based company will invest $2.8 million to expand its downtown headquarters and open a data center in Columbus, Ind.
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Polaris plans $4.7 million laboratory expansion

May 22, 2013
 IBJ Staff
Polaris Laboratories LLC, an Indianapolis-based company that analyzes oil, fuel and coolants, said it plans a $4.7 million local expansion that will add up to 25 employees by 2016.
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Work stops on Greenwood pharmaceutical plant

May 20, 2013
 IBJ Staff and Associated Press
Greenwood officials three years ago approved $8.4 million of incentives for the Elona Biotechnologies project, including the construction loan.
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