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.
Caterpillar Reman Powertrain is requesting the tax break to offset costs related to a $13.6 million investment the company says will help retain 338 factory jobs.
International Automotive Components Group said the layoffs will occur in two stages—on Nov. 10 and again on Dec. 13. Expiring contracts are responsible for the cuts, said a company spokesman, who added that the employees could be recalled.
Indianapolis will host the National Organization of Black Law Enforcement Executives’ annual meeting in July 2015, expected to attract more than 1,500 visitors and generate more than $2 million in visitor spending.
John Clark III, executive director of the Indianapolis Airport Authority, has withdrawn his name from consideration for the top position at Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport.
Alimentation Couche-Tard Inc. said on Friday that it expects to complete the acquisition of a dozen Indianapolis stores this month. Couche-Tard is the largest independent convenience store operator in North America.
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.
Financial terms of the deal were not released, but industry sources said the multiyear deal is valued at $1 million annually for the open-wheel race series.
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.
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
A team of Puerto Rican artists sponsored by IMA will represent the United States in an exhibition in Venice.
One damper on Indiana’s entrepreneurial growth has been the shrinking of the 21st Century Research and Technology Fund, which has lost half its support because of state budget woes. As soon as state revenue permits, the state should bring this key program back to its funding level of $37 million a year, or boost it even higher.
Agapé Therapeutic Riding Resources Inc. is committed to providing a comprehensive, experiential equestrian program for those who have disabling conditions or are at risk.
A former executive of Old National Bancorp was sentenced in federal court Thursday to 22 months in prison after he pleaded guilty to charges of making fraudulent bank entries.
Robert E. Tolle pleaded guilty Thursday in federal court of making fraudulent bank entries while serving as a loan officer at the Indianapolis office of Evansville-based Old National Bank.
Home-sale agreements in the nine-county area fell 23 percent in August. The decline marked the fourth straight month home sales have fallen in central Indiana.
A Wednesday evening shareholders meeting has been postponed until Thursday at 8:30 a.m., when the Emmis CEO again will try to take the company private.
Indianapolis Symphony Orchestra’s popular outdoor concert series set an attendance record this summer, surpassing the 100,000-mark for just the third time since 1982.
