Regional News

State auto jobs creeping up againRestricted Content

October 2, 2010
Kathleen McLaughlin
Employment in Indiana’s auto industry has stabilized, and manufacturers even are hiring in small numbers. Hoosier automakers and parts suppliers added 10,000 workers this year through August, bringing total employment in the sector to 100,400.
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Fishers forming sister-city relationship with suburb of Chinese city

October 2, 2010
 IBJ Staff
The area southwest of Shanghai is known as a tourist destination, as well as for its high-tech industrial development zones.
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Stanley moving production to new Greenfield plant

October 1, 2010
Andrea Muirragui Davis
Connecticut-based Stanley Black & Decker Inc. plans to combine two of its manufacturing operations at a new facility in Greenfield, transferring about 100 workers from Shelbyville and adding as many as 80 jobs in the next two years.
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Indiana University aims to raise $5B in a decade

September 29, 2010
 IBJ Staff and Associated Press
Indiana University President Michael McRobbie says the university is in "constant campaign mode," and private philanthropy is vital for enhancing student financial aid, endowed faculty chairs, specialized buildings and academic initiatives.
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Site chosen for proposed Westfield sports complex

September 28, 2010
Anthony Schoettle
The Hamilton County sports and recreation campus—known as the "Family Sports Capital of America"—is expected to occupy 300 acres and cost millions to fully develop.
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Surveillance trailblazer Exacq Technologies touts big clients, rapid growthRestricted Content

September 25, 2010
Chris O'Malley
Clever adaptation of new technology has helped propel Exacq Technologies’ dizzying 1,624-percent growth rate in the last three years.
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Owner of Stutz studio opening gallery in Carmel

September 25, 2010
 IBJ Staff
The opening is a homecoming of sorts for Kathleen O'Neil Stevens, who formerly operated a studio-gallery for her own work on East Carmel Drive.
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Call-center firm plans 600 hires in Lafayette

September 24, 2010
 IBJ Staff
Alorica Inc., headquartered in Chino, Calif., said it will begin hiring customer service representatives, supervisors and other personnel starting next week—fulfilling a pledge it made more than a year ago.
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Columbus hospital suing FEMA for $17.1 million

September 24, 2010
Scott Olson
Federal lawsuit, which stems from June 2008 flood that caused $167 million in damages and business income losses, alleges FEMA failed to pay the full amount the hospital is owed in federal funding.
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Reopening set for Moscow covered bridge

September 23, 2010
 IBJ Staff and Associated Press
Organizers are planning a weekend ceremony to dedicate a rebuilt covered bridge in central Indiana that was destroyed by a tornado more than two years ago.
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EnerDel parent nets $20M from Russian investor

September 23, 2010
Kathleen McLaughlin
New York-based Ener1 didn't disclose how it will use the funds coming from Ener1 Group Inc., a company led by Russian industrialist Boris Zingarevich.
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Subaru of Indiana adds to permanent work force

September 20, 2010
Kathleen McLaughlin
Subaru expects higher production volumes at its Lafayette plant to last well into the future and it is converting 100 temporary positions to permanent status.
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Warsaw bank jumps into Hamilton County frayRestricted Content

September 18, 2010
Francesca Jarosz
Lake City Bank dipped its toe in the Indianapolis market in 2006 with a loan-production office and now has bigger ambitions.
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Alliance aims to boost adult learning in Hancock CountyRestricted Content

September 18, 2010
Kathleen McLaughlin
Three separate colleges will hold classes in Hancock County—if a business-led education alliance can finance the space. The Hancock Community Education Alliance has lined up a vacant retail building on State Road 9 in hopes that Ball State, Purdue and Vincennes universities can offer classes next spring.
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Daniels picks Boone County judge for Supreme Court

September 17, 2010
 IBJ Staff and Associated Press
Gov. Mitch Daniels has appointed Boone Circuit Court Judge Steven David to the Indiana Supreme Court.
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Franklin calls off deal to land brewery plant

September 17, 2010
Kathleen McLaughlin
The Franklin Redevelopment Commission decided Thursday to call off the deal because TailGate Beer of San Diego failed to respond to a deadline to provide detailed financial information.
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Medical equipment maker primed to expand in Greenwood

September 16, 2010
J.K. Wall
Advantis Medical Inc., a maker of cases and trays for surgical instruments, plans to add more than 100 jobs in Greenwood over the next five years.
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UPDATE: Schrenker pleads guilty to securities fraud

September 15, 2010
 IBJ Staff and Associated Press
Former money manager admits to bilking friends, family members and other investors out of millions of dollars before trying to fake his own death. He'll be sentenced Oct. 7.
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Cummins awarded $6.9 million Army contract

September 14, 2010
The three-year deal calls for the Columbus, Ind.-based diesel engine manufacturer to develop a power train that improves efficiency by reducing fuel consumption and noise, and can run on a wide range of fuels and fuel mixtures.
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Fishers becomes draw for seniors projects

September 14, 2010
Tom Harton
One skilled-care facility is about to open and another will break ground this month.
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New businesses follow the rooftopsRestricted Content

September 11, 2010
Norm Heikens
Indianapolis and surrounding counties have continued to show growth in the number of businesses during the recession.
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Simon, former executive settle fraud suit

September 11, 2010
 IBJ Staff
Mark Palombaro, a former senior vice president of development, will pay the company $766,000, settling a lawsuit that accused him of getting kickbacks on construction contracts.
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Fishers shopping center lands new tenants

September 11, 2010
 IBJ Staff
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
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Law firm moving to Carmel City Center

September 10, 2010
Scott Olson
Indianapolis-based Drewry Simmons Vornehm LLP announced Friday it will move 39 employees from Keystone Crossing to a new Carmel headquarters as part of a growth plan that could include a downtown Indianapolis location.
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Beck's Superior Hybrids plans $24.5M expansion

September 10, 2010
 IBJ Staff
A Hamilton County seed company has plans to expand its facilities, creating as many as 72 jobs over the next five years, state economic development officials said Friday morning.
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