Manufacturing & Technology

Rapid growth makes Aprimo candidate for another try at IPO

March 6, 2010
Chris O'Malley
Robust growth at marketing software maker Aprimo is fueling speculation it is about to make another run at going public, and co-founder Bill Godfrey said he won't rule out the possibility of an IPO.
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GM to reinstate 600 dealerships slated to be cut

March 5, 2010
Associated Press
GM executives said Friday that about 600 dealerships out of the 1,100 seeking to stay with GM will receive letters giving them the option to remain with the automaker.
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Conexus launches statewide online-procurement network

March 3, 2010
Peter Schnitzler
Indiana Supplier INsight offers free links between Hoosier providers and purchasers.
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Local manufacturer closing plant, moving to Brazil

March 3, 2010
 IBJ Staff
IVC Industrial Coatings Inc. is relocating its Indianapolis headquarters and manufacturing operations to west-central Indiana. About 50 of its 55 employees have agreed to move.
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ExactTarget acquires Twitter support company

March 2, 2010
ExactTarget will use San Francisco-based CoTweet, which helps companies manage multiple Twitter accounts, for social-media product development.
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Local racing-simulator firm declares bankruptcy

March 2, 2010
Anthony Schoettle
Indianapolis-based Interactive Motorsports and Entertainment Corp., which went public in 2002, has filed for Chapter 11 reorganization.
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Ford supplier Lear to add 200-plus jobs in Hammond

March 2, 2010
 IBJ Staff
Michigan-based auto components maker Lear Operations Corp. plans to invest more than $2.2 million to expand and upgrade its manufacturing facility in Hammond, adding more than 285 jobs this year.
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Chinese investors financing startup, early stage companiesRestricted Content

February 27, 2010
Norm Heikens
Indiana entrepreneurs weary of hitting dry holes with angel investors and venture capitalists are turning to Chinese investors who are eager to diversify their portfolios, latch onto American innovations—and take advantage of a federal visa program.
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ALTOM: U.S. slow to get on broadband bandwagonRestricted Content

February 27, 2010
Tim Altom
The country’s old, tired cabling was never designed for such high-transmission speeds.
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Protest at Evansville Whirlpool plant draws 1,500

February 26, 2010
Associated Press
Company shuttering plant, moving work to Mexico.
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Alternative energy firm eyeing New Castle plant

February 25, 2010
Scott Olson
Plans by Washington, D.C.-based D'Arcinoff Group to manufacture wind turbines in an idled plant in New Castle could create 1,800 jobs in the next two years.
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Moongate Technologies acquired by Michigan firm

February 23, 2010
Local computer consultant will become part of Dewpoint Inc., upon completion of the acquisition, and will move to Dewpoint's Carmel office, which already has about a dozen employees.
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Rolls-Royce snares military helicopter contract

February 22, 2010
Rolls-Royce Corp.'s Indianapolis manufacturing facility has been awarded a multimillion-dollar contract by the U.S. Army to develop a digital engine control for one of its helicopters.
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Indianapolis to demonstate plug-in electric vehicles

February 18, 2010
Chris O'Malley
Green watch
                           video iconCity will be among first to conduct demonstration of several plug-in electric vehicles prior to their market launch next year.
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Carmel software consultant acquires Ohio firm

February 17, 2010
Carmel-based Blue Horseshoe has purchased TransTech Consulting Inc., a management consulting firm in Columbus, Ohio.
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Calumet's quarterly profit shrinks on higher oil prices

February 17, 2010
Indianapolis-based Calumet Specialty Products reported a profit of $8.2 million in the fourth quarter, a 56-percent decrease from the same period a year ago.
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Earthbound RV plans Marion plant, 300 jobs by 2013

February 17, 2010
 IBJ Staff
A startup firm that makes fuel-efficient recreational vehicles plans to locate its manufacturing operation in Marion, state officials announced Tuesday night, creating as many as 300 jobs by 2013.
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Ivy Tech, IPIC snare $10M in job-training grants

February 15, 2010
 IBJ Staff
Programs will bolster job opportunities for some 1,700 Indiana workers in sectors including health care and advanced manufacturing.
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State exporters poised to benefit from Obama effortRestricted Content

February 13, 2010
Kathleen McLaughlin
Overseas sales are a major emphasis for Indianapolis-based Peerless Pump, which makes highly engineered pumps for fire suppression, factories and waterworks. President Obama’s administration wants to help rebuild the U.S. economy by putting more companies on Peerless’ trajectory.
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Columbia City plant to close, nixing 135 workers

February 12, 2010
 IBJ Staff and Associated Press
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according to a union official.
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Remy inks deal to supply hybrid motors to Allison

February 11, 2010
Chris O'Malley
Remy International and Allison Transmission will work together on a hybrid commercial truck program. Latest supply deal to boost Remy's Anderson factory.
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Toyota's new lobbyist strategy: factory workers

February 11, 2010
Bloomberg News
Facing intense scrutiny from the federal government, Toyota is trying a salt-of-the-earth offensive, paying for a group of its U.S. employees to talk with lawmakers. At least one is from Toyota's plant in Princeton, Ind.
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World Media Group to expand Indianapolis operations

February 11, 2010
 IBJ Staff
Multimedia products maker World Media Group Inc. will invest more than $2 million to expand its manufacturing operations on the east side of Indianapolis, increasing its workforce by 20 percent.
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Governors ask Congress to go easy on Toyota

February 10, 2010
 IBJ Staff and Associated Press
Indiana Gov. Mitch Daniels and three other governors of states with Toyota plants are calling on Congress to be fair to the automaker in hearings concerning safety recalls.
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ExactTarget reports record annual results

February 9, 2010
Anthony Schoettle
Locally based e-mail marketing firm opens London office, adds big-name clients and secures $145 million in venture capital.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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