Amazon’s impact, influence grows in central Indiana
Seattle-based Amazon employs more than 9,000 full-time workers at its five Indiana fulfillment centers, four of which are in central Indiana—with plans to add more positions.
Susan Orr
Articles
Chase CEO drops in to quiz Indianapolis employees
Jamie Dimon and other top executives of the nation’s biggest bank were in town Wednesday to ask local employees about what’s working and what needs fixing. Some could join him on a bus trip.
Produce distributor Caito opens $32M facility that makes prepared foods for groceries
In January, the produce distributor opened a $32 million facility designed to cook and package meals and side dishes such as salads, pasta, deli meats and pinwheel sandwich wraps.
Japanese casting company plans $8M facility in Shelbyville
It will be the first U.S. production facility for Kimura Group, which makes castings for automotive and industrial customers.
Private equity firms’ acquisition targets get pricey
Private equity funds are getting larger, and new players are entering the market. This translates into more competition for deals, which is driving up prices.
Final miles of I-69 expected to take years, $1.5 billion to complete
Gov. Eric Holcomb included $554.3 million in state funding for the Martinsville-to-Indianapolis stretch of I-69, known as Section 6, in his recently released $5.1 billion Next Level Roads Plan.
Cincinnati-based First Financial buying MainSource for $1B
The two banks have overlapping footprints. As a result, First Financial said that after the merger is complete it expects to close 45 to 50 offices.
Indy airport to spend $745K to replace bird-deterrent netting
The new netting will replace a system installed in 2009 after birds began roosting under the terminal’s front roof overhang, creating unsanitary conditions for visitors at ground level.
First Internet Bancorp reports another record-setting quarter
The Fishers-based company said loan growth helped boost profit during the second quarter.
After fessing up to failings, travel-insurance firm remakes itself
With the help of an outside consultant, Carmel-based Seven Corners Inc. has spent nearly three years on a corporate overhaul.
Indy-based parking tech company buys Atlanta software firm
With the deal, T2 Systems gains access to new U.S. markets, its CEO said.
Fast-growing local software firm bought for $80M by public company
Indianapolis-based Archway Technology Partners, which specializes in wealth management, reported revenue growth of 104 percent from 2013 to 2015.
Columbus girds for $50M Cummins renovation, $30M overpass project
The updates to the manufacturer’s corporate offices are aimed at collaboration and efficiency. The overpass construction is meant to smooth traffic flow at a key entry point to the city.
Cummins to announce $80M in Columbus projects with state, local officials
One of the projects will be located at the global headquarters of the Fortune 500 engine maker, and the other will involve construction of a new railroad overpass in the city.
Streamlined Republic Airways revamping after bankruptcy
The airline, which emerged from bankruptcy as a privately held company on April 30, said it’s strongly positioned to tackle the ongoing pilot shortage.
Going fishing? Longtime owner of Indy boat dealership to retire, close business
The 40-year-old seller of recreational watercraft is staging a “going out of business sale” as its owner prepares for an active retirement.
Officials taking next step in formulating White River development plan
The City of Indianapolis and Hamilton County Tourism are asking interested development teams to submit their credentials for the project.
State considers adding fourth port to strengthen economic development
Already, ports in Jeffersonville and Mount Vernon move goods to and from Indiana along the Ohio, downstream to the Mississippi River and out to the Gulf of Mexico.
Indianapolis airport beefs up incentives for international flights
Airlines that establish new international flights from Indianapolis now can receive up to $400,000 in marketing and promotional support, up from $50,000.
2017 Indiana 100: After pulling CNO back, Bonach stepping aside
Q&A with Edward Bonach, CEO of CNO Financial Group: “Thankfully, I don’t know if it’s genes or what, but I can usually get by on less sleep than most. Starting early is good for me.”