Manufacturing & Technology

Cummins engine business president stepping down

December 16, 2009
 IBJ Staff and Associated Press
Engine maker Cummins Inc. said the head of its engine business is leaving his role in March to pursue other projects at the company. Jim Kelly joined the company in 1976 and was promoted to president of the engine business in 2005.
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IT firm officially announces plans to create 200 jobs

December 15, 2009
Scott Olson
Executives from BC Forward, Indianapolis’ largest computer consulting firm, said Tuesday the company will get even bigger, with the addition of 200 jobs by 2012.
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Hurco posts quarterly, yearly losses

December 15, 2009
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses to obtain financing to purchase Hurco's products.
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Former Visteon plant lined up for Carbon Motors

December 14, 2009
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
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Espresso Book Machine could open new pages in local retailingRestricted Content

December 12, 2009
Gabrielle Poshadlo
The pricey Espresso prints and binds books while customers wait. But retailers aren't sure what to expect when the the machine gains wider acceptance.
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Auto parts maker to add 130 jobs in Princeton

December 9, 2009
 IBJ Staff
Automotive component maker Windsor Machine Group will invest more than $4 million to establish a manufacturing facility in southwest Indiana, eventually creating as many as 130 jobs, the Indiana Economic Development Corp. announced early Wednesday.
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Ohio manufacturer expanding in northeast Indiana

December 9, 2009
 IBJ Staff
An Ohio manufacturing company plans to spin off its machining and fabrication operations and set up shop in northeast Indiana, creating 111 jobs by 2014, state economic development leaders said Tuesday evening.
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Calumet selling 3 million shares in secondary offering

December 8, 2009
Calumet Specialty Products Partners LP is selling 3 million shares of common stock to pay debt and to finance requirements of an agreement with another company.
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EnerDel parent receives $20M investment

December 7, 2009
The parent of EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, announced Monday morning that it has received about $20 million in investment capital from a Japanese company.
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Delphi to supply Allison with hybrid components

December 7, 2009
Indianapolis-based Allison Transmission Inc. announced Monday morning that it has entered into a long-term agreement to have Delphi Automotive Systems Inc. supply it with hybrid drive-system components and energy-storage systems.
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Some area manufacturers see blue sky after year dominated by recessionRestricted Content

December 5, 2009
Kathleen McLaughlin
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year adrift in the recession, they see signs of land ahead.
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Ford delay extends life of east-side steering plant

December 5, 2009
Kathleen McLaughlin
A Ford Motor Co. subsidiary will start cutting its local work force next year, but won’t close its east-side plant for good until late 2011.
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ALTOM: It's time to rethink reliance on PowerPoint presentationsRestricted Content

December 5, 2009
Tim Altom
A college administrator believes technology shifts the educational focus from the wits and wisdom of the instructor to the bullet points in the presentations.
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$75M investment in ExactTarget may be Indianapolis recordRestricted Content

December 5, 2009
Chris O'Malley
The amount raised since October is in addition to the $69.9 million it received in May from three venture firms on the coasts, in what was the third-largest venture deal in the nation during the second quarter, according to the National Venture Capital Association.
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Cookware plant closing in Fort Wayne, idling 190 workers

December 4, 2009
Fort Wayne-based Lincoln Foodservice Products Inc. has notified state officials that it will close its “small wares” plant there and let go 190 employees.
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IT firm receives abatement for job-growth plans

December 2, 2009
Indianapolis’ largest computer consulting firm on Wednesday received property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.
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Cummins to lay off 400-plus workers in New York

December 2, 2009
Andrea Muirragui Davis
Columbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because of a change in emission standards that will cut production from 500 engines a day to 100.
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Massive CEDIA Expo returning to city after 5-year break

December 2, 2009
Andrea Muirragui Davis
The locally based Custom Electronic Design & Installation Association will bring its fall trade show back to Indianapolis in 2011 and 2012—making good on a promise to return after a $275 million expansion of the Indiana Convention Center.
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Trailer maker plans to add 100 jobs in Peru

December 2, 2009
 IBJ Staff
Peru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs by 2011, the Indiana Economic Development Corp. announced Wednesday morning.
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Local IT consulting firm plans to add 200 workers

December 1, 2009
Scott Olson
Indianapolis' largest computer consulting firm is seeking property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.
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Video surveillance legal in Hoosier state, but beware lawsuitsRestricted Content

November 28, 2009
Norm Heikens
Most states--Indiana included--have no law on the books banning video surveillance in homes or businesses. However, anyone considering using a hidden camera should consider the potential to be sued under the state's well-developed privacy law.
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Traffic technology handy after propane tanker explosion

November 28, 2009
Chris O'Malley
A complex system of signs along Indianapolis' interstate highway system was pressed into action after a propane tanker exploded in October near I-465 and I-69.
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Internet sales of hidden 'nanny' cameras booming

November 28, 2009
Norm Heikens

Falling prices, rising distrust persuade businesses and individuals to point lenses at the unsuspecting. Bonus: Our own video surveilling the new tiny tech.

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Employers brace for Cyber Monday

November 25, 2009
Scott Olson
More than 53 percent of workers with Internet access, or 68.8 million, are expected to shop online Monday, according to the Washington, D.C.-based National Retail Federation.
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Haynes reports quarterly, fiscal-year losses

November 24, 2009
Kokomo-based Haynes International Inc.'s efforts to consolidate operations and reduce inventory could not keep it from losing $3 million in its fiscal fourth quarter, the company announced Monday.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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