Regional News

Fishers approves $19M auto mall development

April 1, 2010
Kathleen McLaughlin
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive Group's proposed development.
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Cummins cuts CEO's pay by nearly one-quarter

March 24, 2010
Peter Schnitzler
Columbus-based engine maker Cummins trimmed Solso's total compensation by $2.3 million last year; remainder of management team took similar pay cuts.
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Tokusen USA planning 135 jobs at new Scottsburg plant

March 24, 2010
 IBJ Staff
Arkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials said Wednesday, touting the nearly 135 jobs expected over the next two years.
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Judge: Bren Simon can't liquidate Simon Property holdings

March 16, 2010
Greg Andrews
A Hamilton County judge says Mel Simon’s widow can’t cash in partnership units worth more than $500 million.
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Cummins expects profit to grow 10 percent a year

March 16, 2010
Bloomberg News
Columbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
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Bakehouse drives growth for Scholars Inn

March 16, 2010
Peter Schnitzler
Bakehouse watch
                           video
                           iconScholars Inn’s growth engine is its wholesale bakery, which distributes granola and other fresh products across state lines thanks to deals with partners like Kroger.
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Flood leaves redevelopment opportunity for Franklin

March 13, 2010
Kathleen McLaughlin
Franklin watch
                           videoThe city of Franklin is using the post-flood era to push for comprehensive redevelopment in and around downtown. The cornerstone of the plan is a flood plain southwest of the courthouse.
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Lawyers in Simon estate case fight over what should be public

March 10, 2010
Greg Andrews, Cory Schouten
Parties disagreed over public disclosure in the first major court hearing in the dispute over how to divide the billionaire's fortune.
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Logistics firm CEVA to lay off 250 workers in Plainfield

March 10, 2010
Jeff Newman
CEVA Logistics U.S. Inc. plans to permanently lay off nearly all of its workers at its warehouse operations in Plainfield, resulting in the loss of more than 250 jobs.
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Developers line up for Westfield sports complex

March 6, 2010
 IBJ Staff
Westfield’s Sports Commission is evaluating proposals from three firms interested in helping the town become “The Family Sports Capital of America.”
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Bottled-water company ramps up production in PlainfieldRestricted Content

March 6, 2010
Kathleen McLaughlin
Niagara Bottling LLC recently hired 55 for its plant on Whitaker Road, which will make half-liter bottles of purified municipal tap water.
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Magazine names Fishers 'top affordable suburb'

March 5, 2010
 IBJ Staff
The Bloomberg BusinessWeek survey gives the town north of Indianapolis high grades for "livability, safety, education, and economic performance."
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Medline opens Plainfield distribution center

March 5, 2010
 IBJ Staff
Illinois-based medical supplies maker Medline Industries Inc. has opened a distribution center in Plainfield, hiring 50 workers.
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Ford supplier Lear to add 200-plus jobs in Hammond

March 2, 2010
 IBJ Staff
Michigan-based auto components maker Lear Operations Corp. plans to invest more than $2.2 million to expand and upgrade its manufacturing facility in Hammond, adding more than 285 jobs this year.
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Tech-savvy Scotty's owner eyes national expansion

February 27, 2010
Andrea Muirragui Davis
Scotty watch videoScott Wise has five Scotty's Brewhouse locations and is set to debut the Scotty's Lakehouse concept Monday. Within 10 years, he'd like to have restaurants in the Southeast and on the West Coast.
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Adesa parent turns profit, beats expectations

February 26, 2010
Scott Olson
KAR Auction Services reported a profit of $5.3 million in the fourth quarter after sustaining a loss in the same period in 2008. The company's CEO attributed the turnaround to several factors, including the completion of an initial public offering.
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Medco profit rises as mail-order generics business grows

February 23, 2010
 IBJ Staff and Bloomberg News
The pharmacy benefits manager, which has major operations in Whitestown, said fourth quarter profit rose 24 percent.
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Moongate Technologies acquired by Michigan firm

February 23, 2010
Local computer consultant will become part of Dewpoint Inc., upon completion of the acquisition, and will move to Dewpoint's Carmel office, which already has about a dozen employees.
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Foes keep up 31-year fight over central Indiana landfill

February 18, 2010
 IBJ Staff and Associated Press
A developer who has been trying for 31 years to build a central Indiana landfill says he's ready to start construction after receiving a state permit.
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Earthbound RV plans Marion plant, 300 jobs by 2013

February 17, 2010
 IBJ Staff
A startup firm that makes fuel-efficient recreational vehicles plans to locate its manufacturing operation in Marion, state officials announced Tuesday night, creating as many as 300 jobs by 2013.
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Census expected to show Hamilton County tops in coveted demographics

February 13, 2010
Kathleen McLaughlin
Hamilton County is poised to become the demographic all-star of the decade. Its 269,785 residents make up the fastest-growing, most educated and wealthiest county in the state, according to estimates from the Indiana Business Research Center.
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East-west rail line could boost Indianapolis' coreRestricted Content

February 13, 2010
Chris O'Malley
With traffic congestion growing, the idea of sending streetcars zipping down Washington Street—from far-east-side Cumberland to Indianapolis International Airport on the west—is making a return. And the route could offer the best bang for the buck in spurring transit-oriented development.
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Startup VoCare Inc. might move to find venture capital dollars

February 13, 2010
 IBJ Staff
A Lebanon-based startup wants to build a call center here and add up to 300 jobs, but state and local officials are struggling with a big obstacle to keeping the company here.
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City of Franklin selling two buildings, including former City Hall

February 13, 2010
 IBJ Staff
Bids for one or both of the properties will be accepted from Feb. 17 through March 16 at the Clerk-Treasurer’s Office at 70 E. Monroe St.
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Development firm Sandor leaving midtown for CarmelRestricted Content

February 13, 2010
Cory Schouten
Strip-center owner and developer Sandor Development Co. is moving its headquarters to Hamilton County after almost 50 years in Indianapolis.
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