Manufacturing & Technology

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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Hurco acquires Italian machine-tool component business

July 2, 2013
 IBJ Staff
Hurco, which designs and produces interactive computer controls, software and computerized machine tools, does most of its business in Europe.
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Cummins plans office remodeling, $15M warehouse

July 1, 2013
Associated Press
Cummins proposes remodeling the four-story former Irwin Union Bank building in downtown Columbus that the company bought in 2010. The new warehouse planned near Cummins' Walesboro factory could add about 25 jobs.
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LeadJen President Vance launches social networkRestricted Content

June 29, 2013
 IBJ Staff
Technology industry up-and-comer Jenny Vance, at age 35, has achieved the rank of “serial entrepreneur” with the launch of her third business, PlanSoon.
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Hostess prepares to open plant despite tax-break question

June 25, 2013
Kathleen McLaughlin
Hostess Brands LLC has asked the city for a tax abatement on $10 million in new equipment. City officials might decide on July 3, but Hostess is moving ahead with its plans to reopen the plant that closed in November.
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Connersville lines up new tenant for ex-Visteon factory

June 25, 2013
Associated Press
An eastern Indiana city could sell the factory to a cabinet company for $1 as part of a deal for it to hire more than 300 workers.
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Glass magic coming to end for venerable Fox StudiosRestricted Content

June 22, 2013
Scott Olson
Fox Studios Inc., the venerable stained glass company whose work is on display at countless churches throughout the state and even the Indiana Statehouse, is closing.
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Salin saves cash with video tellers

June 22, 2013
Chris O'Malley
In what might be the strangest twist in banking technology in years, Indianapolis-based Salin Bank is the first financial institution in the state to install sophisticated, interactive video tellers.
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BidPal, on a roll, doubles space

June 22, 2013
Dan Human
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
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Tiny Lebanon firm prevails in multimillion-dollar patent caseRestricted Content

June 22, 2013
Anthony Schoettle
In the past 18 months, Larry Durkos—who invented a machine that attaches metal bed box springs and coils to wood frames—has scored two stunning victories over Leggett & Platt Inc., a Missouri-based box-spring conglomerate.
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Proxy Corner: Vera Bradley Inc.Restricted Content

June 22, 2013
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 65 retail stores, 11 outlet stores, 3,400 specialty stores and through verabradley.com.
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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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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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Tyco to buy Fishers-based technology firm for $150 million

June 19, 2013
 IBJ Staff and Associated Press
Tyco International Ltd. said Wednesday that it reached a deal to acquire Exacq Technologies Inc., which develops video management systems for security and surveillance uses.
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Manufacturer to relocate to Muncie, add 288 jobs

June 19, 2013
Mason King
A maker of a new heavy-equipment vehicle that uses clean energy plans to invest $4.6 million in an engineering and assembly facility and ramp up operations as orders come in.
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Building for game maker Fundex set for July auction

June 17, 2013
Scott Olson
One of the last remnants of the bankrupt game maker and distributor is set to be sold at auction next month. The parent of the company that makes the iconic Slinky bought Fundex in December.
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File-sharing firm to invest $2.1M, add up to 30 jobs

June 17, 2013
 IBJ Staff
Indianapolis-based SmartFile said the investment will help the company make a 7,500-square-foot facility at 212 W. 10th Street operational by September.
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Most of Indiana's largest public companies enjoyed strong 2012Restricted Content

June 15, 2013
Angie's List turned a profit for the first time in nearly two decades.
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JBS United among top hog feed companiesRestricted Content

June 15, 2013
Norm Heikens
The industry is more than a decade beyond the sweeping consolidation of the '90s that forced out thousands of family farms as corporations took advantage of new techniques to enable raising hogs in huge, factory-type complexes.
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Mortgage firm is fastest-growing private companyRestricted Content

June 15, 2013
Stonegate Mortgage Corp. returns to the top 10 for a second year thanks to geographic expansion—it now does business in more than 30 states, up from 20 at the end of 2011—and a couple of significant transactions.
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Young & Laramore finds app draws eyeballs to brandRestricted Content

June 15, 2013
Chris O'Malley
Indianapolis ad agency Young & Laramore's recent project for footwear giant New Balance included developing a video game intended to reach young consumers who’ve grown up with a smartphone as a bodily appendage.
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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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Report: People problems persist in manufacturing, logistics

June 14, 2013
Dan Human
Indiana's manufacturing and logistics sectors are undoubtedly strong, but work-force quality issues continue to nag the state, according to an industry report card released Friday morning.
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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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Top 6 ExactTarget officers reap $92.5M in option gains in sale

June 13, 2013
Dan Human
The gains for top brass represent about one-third of the $277 million in option gains that the company's 1,700-person work force will rack up, regulatory filings show.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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