An Idaho firm is applying to the federal government for a permit to study building a hydroelectric power plant at Newburgh Lock and Dam, which is up the Ohio River from Evansville. Symbiotics LLC is interested in a plant that would generate 80 to 100 megawatts, according to the Evansville Courier & Press. The company […]
St. Louis-based Belden Inc. plans to lay off about 14 percent of the 1,000 workers at its Richmond manufacturing plant by the end of the month, according to the Palladium-Item. The newspaper in eastern Indiana said 85 are permanent positions and 50 are temporary positions. The company anticipates slow growth this year, and plans to […]
The Boone County Area Plan Commission has approved three more parts to the massive AllPoints at Anson project at Whitestown. The latest approvals were granted for an Indiana Members Credit Union, a Primrose School Franchising Co. childcare and preschool facility, and additional parking for a 600,000-square-foot Amazon.com distribution center, according to The Lebanon Reporter. AllPoints […]
Sluggish sales of game room tables to Sears and other big retailers helped throw Escalade Inc. for an $800,000 loss in the first quarter. The Evansville company said today that revenue in its sporting goods segment fell 14 percent, and that sales in its office equipment arm fell 11 percent as mass-market retailers pulled back […]
An error that led Carroll County officials to think more money was available than they actually had is stirring heated emotions and demands for steep budget cuts. Earlier this week, commissioners in the county east of Lafayette OK’d cutting the budget by $1.8 million in order to reach a state mandate to not exceed a […]
The Whitestown Town Council might resort to eminent domain to force a family to sell a 100-foot strip of land from their property to allow Indianapolis Road to be relocated closer to State Road 267. Indianapolis Road needs to be moved to make room for a stoplight to handle anticipated traffic resulting from developments including […]
Business and government officials in Howard County want to consolidate seven economic development groups in the area under one organizational structure. However, the Kokomo Tribune reports, some county commissioners are worried doing so will only create another bureaucratic layer. The seven groups include Inventrek, Kokomo-Howard County Chamber of Commerce, Kokomo-Howard County Development Corp., Urban Enterprise […]
More interest in new hybrid vehicles is being shown by Indianapolis residents than in any other Midwestern city other than Minneapolis, according to the Internet site cars.com. About 2.8 percent of vehicle searches at the site involved hybrids, ranking Indianapolis 15th in the nation, compared to No. 9 Minneapolis, at 3.2 percent. West Coast markets, […]
Nissan Motor Co. plans to break into the U.S. market for light commercial vehicles, and the move means more work for Cummins Inc. The Columbus company will make diesel engines for the three new offerings, Nissan said. Nissan wouldn’t discuss specifics, but officials said the vehicles will range from pickup trucks to buses and that […]
Northwest Indiana casinos are not holding up in weak economic times like they have in the past, according to The Post-Tribune of Merrillville. Typically resistant to economic cycles, the casinos since December have struggled to maintain revenue levels. Revenue at Blue Chip Casino in Michigan City, for example, is down $5 million to $8 million […]
Soaring gas prices, a tough job market and job cuts – plus high medical costs – are driving more middle-class people to food banks in Johnson County, reports The Daily Journal of Franklin. At least one food pantry has seen a doubling of those seeking the services for the first time, with 53 families – […]
Environmentalists are accusing the Indiana Department of Environmental Management of putting economic development above its core mission of protecting human health and the environment, reports the Post-Tribune of Merrillville. In particular, environmentalists say, the agency is playing soft with petroleum giant BP and steelmaker U.S. Steel. “They make it clear they see it as their […]
Indianapolis-based Herff Jones Inc. has acquired Framing Success Inc. of Virginia Beach, Va., for an undisclosed price. Framing Success supplies custom-made diploma frames, mainly for college and professional certifications. It’s the second acquisition announced by Herff Jones in as many months. In early March, the maker of high school rings, yearbooks and other educational materials […]
Lippert Components Inc., an arm of publicly traded Drew Industries Inc., has agreed in principle to buy Goshen-based Seating Technology Inc., also known as Seattech. Drew, headquartered in the New York City suburb of White Plains, did not disclose terms, but said Seattech generated $40 million in sales last year, up from $11 million in […]
The lowest bid for building the first leg of the Interstate 69 extension from Indianapolis to Evansville came in at $25.2 million – well below the $41.9 million anticipated by the Indiana Department of Transportation. The bid by Clarksville-based Gohmann Asphalt & Construction Inc. could be a harbinger that the cost of the extension will […]
Indianapolis-based CountryMark Cooperative Inc. plans to boost fuel production 12 percent when a $20 million expansion of its Mount Vernon refinery is completed in May. The additional 3,000 barrels a day will amount to 45 million gallons a year. The southern Indiana refinery is supplied by oil from the Illinois Basin, an underground field that […]
One of two finalists vying for the president’s post at Indiana State University has dropped out of the running for health reasons. That leaves only one candidate, because a third finalist withdrew earlier, so the university now will reopen the search, according to The Tribune-Star of Terre Haute. Trustees hope a new president can be […]
Toyota Motor Corp. is considering consolidating assembly of its Tundra full-size pickup truck from its Princeton plant in southwestern Indiana to its new Tundra assembly plant near San Antonio, Texas, according to The Wall Street Journal. So little of the capacity at Princeton is being used that the company’s honorary chairman, Shoichiro Toyoda, visited the […]
Lake Cities Broadcasting Corp. in the northeastern Indiana city of Angola is selling its five radio stations, according to The Journal Gazette of Fort Wayne. Buying the stations for $3.8 million is Swick Broadcasting Corp. Lake Cities President Tom Andrews is retiring, but plans to offer engineering help on a part-time basis. The stations include […]
National City Corp., one of the largest banks in Indianapolis, has hired the Wall Street investment bank Goldman Sachs to seek strategic alternatives, the Cleveland-based institution said yesterday. The announcement stopped short of confirming rumors circulating for weeks that the bank would seek a buyer. The bank said the review process would not hamper day-to-day […]
