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Two companies set to make major local expansions

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Two companies with local operations are expected to make economic development announcements Wednesday afternoon involving the addition of hundreds of new jobs between them.

Indiana Gov. Mitch Daniels will join executives of Express Scripts Inc. on the west side of Indianapolis at 2 p.m., and officials of Zipp Speed Weaponry in Speedway at 3:30 p.m. for the announcements.

Neither company would comment on their job-creation plans before the scheduled announcements.

St. Louis-based Express Scripts arrived in the city last year after completing its $4.7 billion acquisition of Indianapolis-based WellPoint Inc.’s pharmacy benefits management business.

The deal, announced in April, made Express Scripts the second-largest pharmacy benefits manager in the United States based on prescriptions filled, ahead of CVS Caremark Corp. and behind Medco Health Solutions Inc. The NextRx unit acquired by Express Scripts dispenses and manages 265 million prescriptions each year for 25 million people.

Express Scripts’ Indianapolis operations at Indianapolis International Airport currently employ about 400 people.

Founded in 1988, Zipp Speed Weaponry was purchased in late 2007 by Chicago-based SRAM Corp. The companies design and manufacture high-end bicycle components.

Zipp maintained its headquarters on Main Street in Speedway and employed about 60 at the time of the sale.

Zipp made a name for itself making carbon fiber wheels for triathletes. In 2000, Zipp wheels began gaining popularity with bicycle racers in Europe, where the high-end cycling market is much larger. Since 2000, riders in some of Europe's biggest professional races, including the Tour de France, have used Zipp wheels. They sell for about $1,300 a pair.

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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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