Manufacturing & Technology

Indiana RV museum on road to recovery

February 16, 2014
Associated Press
The 71-year-old president of the RV/MH Hall of Fame in Elkhart says the museum's debt has been reduced from $5.5 million to about $2.5 million.
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Internet-based weather forecasters offer bolder, more detailed outlooks

February 15, 2014
Chris O'Malley
A posse of Internet-based prognosticators is offering not just forecasts but sometimes even mounds of data left open to interpretation.
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Allison Transmission finishes lackluster year with bang

February 14, 2014
 IBJ Staff
Allison Transmission Holdings Inc. kicked its fourth quarter into overdrive with a 70-percent increase in profit over the same quarter in 2012, the firm reported Thursday. But profit for the year was down significantly.
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Lighting factory to close, laying off 95 workers

February 13, 2014
Associated Press
In 2008, the Federal-Mogul factory in Avilla announced an expansion that could bring employment to 170 by 2010. But the company says it now has only 95 employees.
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Rolls-Royce wins $1B contract from Lockheed Martin

February 12, 2014
Scott Olson
The company will supply 600 engines built in Indianapolis to Lockheed through 2025 for use in its C-130J Super Hercules aircraft.
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Twitter sued over James Dean-linked accounts

February 11, 2014
Associated Press
James Dean Inc., represented by Indianapolis-based CMG Worldwide, wants Twitter to shut down an unofficial account with more than 8,000 followers.
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Manufacturer plans expansions at two Indiana plants

February 10, 2014
Associated Press
Shiloh Die Cast Midwest LLC plans to expand two of its plants in northeast Indiana, leading to 145 new jobs by 2018, the company announced Monday night.
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CloudOne nabs $2.8 million in venture capital

February 10, 2014
Dan Human
The Indianapolis-based technology firm has landed more than $7 million in venture capital since it was founded in 2009.
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Cummins posts strong 4Q results to boost slower year

February 6, 2014
 IBJ Staff
The Columbus-based engine maker recorded a 7-percent increase in profit, but full results for 2013 lagged behind 2012.
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Weaver Popcorn picks Whitestown for new HQ, production line

February 5, 2014
Andrea Muirragui Davis
The firm plans to move its headquarters from Noblesville to the AllPoints at Anson development in Whitestown, where it expects to spend $18 million to add a production line and 40 jobs.
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Auto supplier plans 220-worker plant in Indiana

February 5, 2014
 IBJ Staff
Switzerland-based Autoneum Holding AG said it will lease 300,000 square feet on a 23-acre site at the River Ridge Commerce Center in Jeffersonville.
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New ExactTarget software could connect everyday objects to InternetRestricted Content

February 1, 2014
Dan Human
The Indianapolis software developer is building technology for objects outside the typical computers, phones or tablets that marketers most often use to reach out to consumers, things like refrigerators, clothing and even toothbrushes.
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Angie’s List to offer service provider appRestricted Content

February 1, 2014
The company plans to offer an app by San Francisco-based vWorkApp that will allow members to interact more conveniently with service providers.
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GE plans shutdown of last Fort Wayne facilities

January 28, 2014
Associated Press
GE says it plans to shut down the last of its Fort Wayne facilities after more than a century in the city. The company once had almost 10,000 workers at the 13-building campus.
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Indiana bill would limit use of drone surveillance

January 27, 2014
Associated Press
The bill introduced by Republican Rep. Eric Koch of Bedford would strictly regulate police use of unmanned aircraft and prohibit their use to conduct surveillance without a court warrant.
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BidPal pushing beyond mobile biddingRestricted Content

January 25, 2014
The company’s new fundraising suite offers an array of services not-for-profits can use throughout the year, versus the one-time event help BidPal began offering in 2008.
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Investment firm ties crowd-funding to traditional fundraisingRestricted Content

January 25, 2014
Dan Human
The online investing marketplace Localstake brokered a little more than $1 million in private investments for an Indiana distillery and a solar-heating startup in 2013, through crowd-funding. Instead of receiving a T-shirt or other novelty for their money, as with typical crowd funding, contributors received an actual stake in the business.
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Toyota world's top-selling car maker for second year

January 23, 2014
Associated Press
Toyota remained the top-selling automaker for a second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013.
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Toyota, Honda set North American production records

January 22, 2014
Bloomberg News
Toyota built 1.86 million cars and light trucks at U.S., Canadian and Mexican plants in 2013, while Tokyo-based Honda made 1.78 million autos in North America.
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Website operator for cities expandingRestricted Content

January 18, 2014
Dan Human
An Indianapolis company that manages websites and processes payments for dozens of cities and towns plans to raise $2 million to grow.
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Conference puts spotlight on big-data opportunitiesRestricted Content

January 18, 2014
 IBJ Staff
Information technology consultant STLogics and a recently created big-data spinoff, Beyond Predictive, will host the Indy Big Data Conference on Feb. 11 at the JW Marriott downtown.
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Local paperboard plant with 161 workers to close in March

January 16, 2014
 IBJ Staff
The plant, located at 620 S. Belmont Ave., southwest of downtown, has been making paperboard packaging since the early 1970s.
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Indy-based website for coaches scores key VC investment

January 16, 2014
Dan Human
The startup operating from SoBro plans to expand its market with the cash infusion, connecting athletes and teams to qualified coaches.
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Emmis fine-tuning FM radio app for automobiles

January 16, 2014
Chris O'Malley
The Indianapolis broadcasting company is in talks with automakers to marry its NextRadio app to car dashboards, creating a two-way conversation between listeners and stations.
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Software firm seeks tax breaks for HQ move, expansion

January 14, 2014
 IBJ Staff
The Consultants Consortium Inc., which does business as TCC Software Solutions, said it plans to spend about $1.3 million to renovate two buildings on a 3.6-acre property at the northeast corner of Winthrop Avenue and East 52nd Street.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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