Regional News

Anderson's former GM plants getting second look

June 26, 2012
Associated Press
Anderson officials said they are excited that companies have been showing interest in some of the industrial or commercial properties left by General Motors that need or are undergoing environmental cleanups.
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Haynes plans $23.5M expansion, 40 more jobs in Kokomo

June 26, 2012
Associated Press
Kokomo-based Haynes International Inc. plans a $23.5 million project to increase production at a central Indiana factory where it makes specialty metal plates and sheets for the aerospace and other industries.
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Daniels expected to find new cash for Purdue as presidentRestricted Content

June 23, 2012
J.K. Wall
Colleagues of Gov. Mitch Daniels say Hoosiers should expect him to bring a familiar approach to his upcoming role at Purdue University: Do more with less, reward performance, find creative ways to tap new pools of money, and use warm folksy charm.
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Boutique Anderson ad agency expanding to IndianapolisRestricted Content

June 23, 2012
Anthony Schoettle
Four-person shop opening office downtown got its start at Flagship Enterprise incubator.
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Baby food maker adding 150 jobs in Lebanon

June 21, 2012
Skjodt-Barrett Contract Packaging said it plans to add the jobs by the end of September, about a year earlier than expected, due to increased demand for its products. The company has 100 employees.
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Biomet gives ortho industry hope

June 18, 2012
J.K. Wall
The skies got a little brighter for the orthopedic industry on Friday after Warsaw-based Biomet Inc. reported strong quarterly sales growth of 3.4 percent. That news sparked a small surge in the stock prices of two other Warsaw-based orthopedics companies.
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Brainard requests more money for Carmel arts center

June 18, 2012
Kathleen McLaughlin
Carmel Mayor James Brainard wants to give the Center for the Performing Arts another $840,000 to cover its bills through December—on top of a $5.5 million subsidy he orchestrated last fall.
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Red Gold benefits from consumers' thrifty waysRestricted Content

June 16, 2012
Dan Human
Since the recession hit, consumers looking to save a few bucks have embraced canned produce—a trend that has kept Madison County tomato processor Red Gold in the black.
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Purchase offers fail to satisfy creditors of Shelbyville casinoRestricted Content

June 16, 2012
Owner of Indiana Grand Casino plans to proceed with recapitalization plan instead.
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Central Indiana housing market enjoys strong May

June 12, 2012
Scott Olson
In May, pending sales of existing homes in the Indianapolis area increased 7 percent from the same month last year while building permits for new construction rose 20 percent.
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Lauth embarks on turnaround of The Congressional in Carmel

June 12, 2012
Tom Harton
The local developer moved its offices into the building and plans more than $2 million in upgrades to reposition a property that fell on hard times at the dawn of the national real estate crisis.
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Columbus auto parts maker plans to add 50 jobs

June 12, 2012
NTN Driveshaft Inc. said it will add the jobs by 2013 as part of an $18 million expansion that will include purchasing additional equipment for its 1-million-square-foot facility.
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Carmel performing arts center hiring CEO from Tennessee

June 11, 2012
Scott Olson
A spokesman for Center for the Performing Arts in Carmel on Monday afternoon confirmed that it has hired Tania Castroverde Moskalenko, executive director of the Germantown Performing Arts Centre in Germantown, Tenn., near Memphis, to replace Steve Libman.
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Plastics company nears reopening of central Indiana plant

June 11, 2012
Associated Press
Officials expect a plastic packaging manufacturer to start production this summer at a former central Indiana auto-parts factory that closed six years ago.
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Orthopedic startups attracting big moneyRestricted Content

June 9, 2012
J.K. Wall
The Warsaw area is well-known as the home of gigantic orthopedic implant companies and their suppliers. But now a handful of startups have been able to raise nearly $25 million in equity investments despite the recession—putting a bit more fuel into a fairly stagnant entrepreneurial sector.
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Manufacturing employment coming back, but without the wages of yesteryearRestricted Content

June 9, 2012
Dan Human
Recovery in manufacturing—one of Indiana’s best-paying employment sectors—has been a much celebrated change after years of decline. But many of those jobs are returning with lower wages as employers keep up with growing global competition.
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Johnson County flood victims still reeling 4 years later

June 7, 2012
Associated Press
The devastating 2008 flood continues to have repercussions for victims. They are still paying off the tens of thousands of dollars they had to borrow in some cases to hang new drywall, lay down new carpeting and replace major appliances.
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Study proposed on future of Anderson's Wigwam gym

June 6, 2012
Associated Press
An architect is proposing a study for finding a new use for Anderson's closed Wigwam gymnasium, possibly turning it into a convention center.
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Ritter's owners hope burgers will help fuel turnaroundRestricted Content

June 2, 2012
Sam Stall
Hoping to capitalize on the enduring appeal of Ritter's Frozen Custard, the chain's New York owners are launching another attempt to right-size the franchises with a new Indianapolis store, a revamped marketing plan, and burgers and fries.
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Johnson County considers more fees for revenue boost

May 31, 2012
Associated Press
A central Indiana county is looking at a wide range of new or increased fees to make up for what officials say are declines in tax revenue.
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Buckingham reviving Gramercy project with smaller plans

May 29, 2012
Kathleen McLaughlin
Buckingham Cos. has revived plans to redevelop the massive Mohawk Hills apartment complex in Carmel, but the latest version of its Gramercy project takes a huge step back from the original dense, urban-revival-style plan the developer proposed six years ago.
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BASI promises 'never again' after big losses

May 29, 2012
J.K. Wall
Bioanalytical Systems Inc.’s new CFO won praise this month for laying out an aggressive cost-cutting plan—but not before the rest of the company’s leaders got a tongue lashing for their past performance.
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Greenwood eyes more office parks for I-65 corridor

May 29, 2012
Associated Press
Greenwood Mayor Mark Myers wants to see more offices, corporate headquarters and medical facilities along Interstate 65. He's been meeting with business owners and developers in the area to discuss ways they can team up to pursue that goal.
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State, utility plan cleanup of long-closed gas plant

May 29, 2012
Associated Press
Indiana's environmental agency and Duke Energy Corp. are moving ahead with the cleanup of a long-closed manufactured-gas plant in Shelbyville.
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Developer Kite to remake key corner in CarmelRestricted Content

May 26, 2012
Cory Schouten
Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.
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