Economic Development

Commission OKs Ameriplex, Rexnord tax abatements

September 16, 2009
Scott Olson
The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for a mammoth development known as World Connect at AmeriPlex.
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Next year's State Fair to feature Japanese exhibit

September 14, 2009
 IBJ Staff
Japanese culture will be on display at the Indiana State Fair next year. Indiana Gov. Mitch Daniels announced today, while traveling on a economic development mission in Japan, that the Asian country will be featured in its own exhibit at the fair for the first time in 2010.
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After comeback, former United maintenance facility faces challengesRestricted Content

September 12, 2009
Chris O'Malley
The mammoth facility near Indianapolis International Airport now employs as many people as it did when United Airlines abandoned it six years ago, but its new tenants are contending with struggles of their own.
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BioCrossroads rolls out orthopedic initiative

September 10, 2009
J.K. Wall
With job growth surging in Warsaw's orthopedic cluster, the life sciences development group BioCrossroads Inc. set out to...
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Deals from China trip unlikely to come right away, official says

September 9, 2009
Scott Olson
Don't expect the contingent traveling with Gov. Mitch Daniels on his 10-day trade mission to China and Japan to return to Indiana with a major commitment from an Asian company.
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Auto parts supplier coming to Plainfield, plans to create 30 jobs

September 4, 2009
 IBJ Staff
Chicago-based LKQ Corp., a supplier of replacement and aftermarket automotive parts, will establish a distribution center in Plainfield with plans to create up to 30 jobs by 2011, the company announced this morning.
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Star biz columnist leaving to lead Indiana Fiscal Policy Institute

September 2, 2009
 IBJ Staff
Indianapolis Star business columnist John Ketzenberger is leaving the newspaper to become president of the Indiana Fiscal Policy Institute, the organization said today.
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Kansas City out of running for Harley-Davidson plant

September 1, 2009
 IBJ Staff
Central Indiana’s chances for landing a Harley-Davidson motorcycle plant have been improved by the elimination of Kansas City from the list of potential sites.
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Tax abatement could help manufacturer add 43 jobs

August 31, 2009
The Indianapolis plant of Rexnord Industries LLC is promising to create 43 jobs and retain hundreds more if the city grants a five-year tax abatement.
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ICVA: Stadium's retractable roof worth the cost

August 29, 2009
Anthony Schoettle
Three music events with direct visitor spending estimated at $28 million that were hosted at Lucas Oil Stadium offer proof, city officials said, that the expense of the retractable roof and other features of the $720 million facility are paying off.
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Shelbyville struggles to reach tech park goalsRestricted Content

August 29, 2009
Kathleen McLaughlin
Despite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state standards as it was two years ago.
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Two businesses open at Flagship Enterprise Center

August 29, 2009
 IBJ Staff
The Anderson-based Flagship Enterprise Center is on a roll. In the last two months, the small-business incubator and growth-stage accelerator signed up two new clients: software developers Soveryn Inc. and Coeus Technology.
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Kokomo plants benefit from 'clunkers' program

August 26, 2009
The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler plants.
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MillerWhite signs deal with Shelby County Development Corp.

August 24, 2009
 IBJ Staff
MillerWhite LLC, an Indianapolis-based marketing and communications firm, recently signed a deal to produce a new logo, tag line and Web site for the Shelby County Development Corp., a Shelbyville-based economic development organization.
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INpact Medical Device Network matches start-ups with service providersRestricted Content

August 24, 2009
Chris O'Malley
Industry groups in the life sciences, medical and information technology realms have helped lure companies to the region and foster upstarts. Funding is almost always an issue, but it’s not the only barrier. Getting medical devices to market often requires product design, development and marketing resources that aren’t always apparent to upstarts.
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Site visit lifts county's hopes for landing Harley

August 20, 2009
 IBJ Staff
Harley-Davidson Inc. officials were in Shelby County yesterday assessing it as a location for a new motorcycle plant, but it isn’t yet clear how the county stacks up to other U.S. locales that also are in the running for the economic-development prize.
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Dental startup locating in Noblesville

August 18, 2009
 IBJ Staff
Therametric Technologies Inc., a developer of dental health technology, said today it will locate its headquarters and manufacturing operations in Noblesville, and plans to create 40 jobs by 2013.
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Phoenix Group expands, may add 200 jobs

August 18, 2009
Scott Olson
The Phoenix Group, a Greenwood-based supply-chain services company, said yesterday that it has added 15 employees within the past month and plans to hire about 200 more workers by the end of 2010.
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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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CIB OKs budget, but awaits council vote

August 10, 2009
Scott Olson
Members of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the City-County Council’s approval of a hike in the local hotel tax.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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Hamilton County Alliance spins off entrepreneurial center

August 10, 2009
 IBJ Staff
The Hamilton County Alliance economic development group has spun off its Entrepreneurship Advancement Center, which serves fast-growing startup businesses in Carmel, Fishers, Noblesville, Westfield and the rest of Hamilton County.
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Purdue prof: 'Clunkers' could stall retail sales

August 5, 2009
Kim Puckett
The federal 'Cash for Clunkers' program has opened a floodgate of car sales that President Obama says is a much-needed boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts a Purdue Retail Institute researcher.
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EnerDel lands $118 million stimulus grant

August 5, 2009
Scott Olson
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant from the federal government.
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Carbon Motors chooses Connersville

July 29, 2009
 IBJ Staff
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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