Regional News

Furniture maker trims losses in second quarter

August 19, 2009
 IBJ Staff
West Lafayette furniture maker Chromcraft Revington Inc. narrowed its losses in the second quarter by shedding unprofitable products, closing plants and reducing expenses, the company said yesterday.
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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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Artists expanding presence in western suburbsRestricted Content

August 17, 2009
Kathleen McLaughlin
Several arts groups are expanding their presence in Hendricks County, undeterred by tight budgets and a perception that residents need to travel to Indianapolis for cultural offerings.

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Abatement approval paves way for Covance jobs

August 12, 2009
Scott Olson
The Hancock County Council this morning unanimously approved a tax-incentive agreement that should lead Covance Inc. to add 315 jobs at its Greenfield Laboratories.
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Kmart closing Martinsville store

August 12, 2009
 IBJ Staff
Kmart Corp. has notified the Indiana Department of Workforce Development that its Martinsville store will close Nov. 30, costing 48 employees their jobs.
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Beverage firm to open Columbus plant

August 12, 2009
 IBJ Staff
Tipton Mills, a New York specialty beverage company, announced today it will locate a  plant in Columbus, Ind., creating more than 40 jobs.
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Area home sales, prices still falling

August 11, 2009
 IBJ Staff
Home-sale agreements in the nine-county Indianapolis area dropped 3.1 percent in July over the same month a year ago, according to a report released yesterday by F.C. Tucker Co.
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Vet supplier promises 30 jobs in Whitestown

August 11, 2009
 IBJ Staff
Idaho-based MWI Veterinary Supply Inc. said today it will establish distribution operations in Indiana by leasing space in Whitestown, creating more than 30 new jobs by the end of the year.
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Union sues Conseco over restatement

August 10, 2009
J.K. Wall
Carmel-based Conseco Inc. faces a shareholder lawsuit by a union pension fund over an earnings restatement the company made 18 months ago.
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Carmel tech staffing firm Sales Diesel closes

August 10, 2009
 IBJ Staff
Sales Diesel, a Carmel company that provided salespeople for technology companies, appears to be out of business. The firm’s Web site was taken down last week and calls to its 11590 N. Meridian St. offices were not returned.
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Brownsburg car detailer lands link to upcoming movie

August 10, 2009
 IBJ Staff
Mike Shumaker's Brownsburg firm Driven Auto Detail spiffed up a Porsche for the upcoming movie "Whistleblower," starring Matt Damon.
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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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Irwin Financial narrows losses, continues restructuring

August 5, 2009
Scott Olson
Irwin Financial Corp. narrowed its losses in the second quarter, as the company continued to restructure or face the possible suspension of its business.
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Small town, budget hotels hold own in difficult economyRestricted Content

August 3, 2009
Anthony Schoettle
While the local hotel industry is being rocked by the current economy, budget hotels and those in the small towns surrounding Indianapolis are actually seeing gains. Properties affected by the Indianapolis 500, Brickyard 400 and Big Ten Tournament are among the losers.
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Harbour Trees Golf Club sells hole sponsorships to raise cashRestricted Content

August 3, 2009
Anthony Schoettle
At a time when most central Indiana golf courses are hurting for income, Harbour Trees Golf Club is getting a windfall from a unique revenue source.
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Barter network Tradebank opens branch in Indianapolis

August 3, 2009
 IBJ Staff
The barter network Tradebank has opened a franchise in Indianapolis with two veterans from Louisville.
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New Franklin College office to help not-for-profits recruit volunteers

August 3, 2009
 IBJ Staff
Franklin College has a new office that helps Johnson County not-for-profits develop Web sites and recruit volunteers. The Nonprofit Resource Center was sparked in part by the lack of volunteer coordination during the summer floods of 2008.
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Muncie manufacturer Duffy calling it quits

July 30, 2009
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result of the closure, Duffy said in its July 27 filing.
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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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UPDATE: Carbon Motors chooses Indiana

July 29, 2009
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
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Carbon Motors has chosen Indiana, official says

July 29, 2009
Scott Olson
A rally this morning in Connersville originally intended to help persuade a police car manufacturer to locate a major factory there appears to be a celebration party.
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Carmel's Dormir raises $12M from VC firms

July 29, 2009
J.K. Wall
Carmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million in venture capital from three out-of-state firms.
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Candle company cooks up products with a 'green' twistRestricted Content

July 27, 2009
Kim Puckett
After working in retail management for four years, Rich and Jodi Scheve decided to take business into their own hands—and their own garage. Passing on business plans for Subway and South Bend Chocolate Co. franchises, the couple skirted heavy franchise fees and started Twisted Wick Candle Co.
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Banks building new branches despite online ageRestricted Content

July 27, 2009
Marc D. Allan
Bank transaction counts—the number of people going into banks to make a deposit, cash a check or conduct some other form of business—have declined in recent years with the increased popularity of direct deposit, online banking and easy ATM accessibility. So why add branches?
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