Developer plans 26-story tower along canal
Valparaiso-based Investment Property Advisors wants to build an $83 million apartment project for college students on one of the last available parcels along downtown’s Central Canal.
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City calls off Haverstick, Redcats tax incentives
Two Indianapolis companies that received tax-abatement agreements from the city in 2007 have had the incentives canceled for failing to meet investment and employment goals.
WINSTON: Goodnight’s city is where we wanna go
Goodnight combines the attributes of Obama and Vice President Biden.
Carmel also likely competing for CME Group
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
Rolls-Royce tax-incentives deal set for hearing
A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown’s Faris campus is scheduled for an initial hearing Wednesday.
2011 CFO OF THE YEAR: Mike Reffeitt
Mike Reffeitt, CFO at BioStorage Technologies Inc., is the top honoree in the private companies (revenue $100 million or less) category.
Stonegate Mortgage plans to add 45 workers in ’11
The Indianapolis-based firm has pledged to add a total of 300 workers by 2015.
Beer-dispenser maker looks to move production to city
Washington-based GrinOn Industries LLC is seeking property-tax abatements for creating 40 jobs and investing $2.5 million to equip a facility on Indianapolis’ northwest side.
Rise of pouch packaging to lift new Lebanon plant
Toronto-based Skjodt-Barrett Contract Packaging opened its first U.S. plant in Lebanon to meet demand from major consumer brands for baby food and fruit snacks in flexible pouches.
Upstart Indianapolis logistics firm plans to add 73 jobs
Two-year-old Spot Freight says it expects to reach $30 million in revenue next year.
Auto supplier plans to add 100 jobs in Logansport
Federal-Mogul Corp. said it will add the jobs next year as part of a $2.7 million expansion to purchase new machinery and equipment for its 170,000-square-foot manufacturing plant and 15,000-square-foot technical center.
Heartland Sweeteners plans $10M upgrade to Indy plant
Heartland Sweeteners LLC plans to spend nearly $10 million to upgrade its Indianapolis plant and potentially boost its work force there by 39 employees in the next five years.
Unproven entrepreneur promises 1,100 local jobs
A West Hollywood businessman hopes to build hundreds of trucks outfitted with giant video screens. The product is unproven and so is Bob Yanagihara, the ambitious 50-year-old behind it.
California startup says it will create 1,200 local jobs
A California startup company that hopes to manufacture trucks outfitted with giant video screens expects to hire 1,200 employees to staff a new 125,000-square-foot production facility near 86th Street and Georgetown Road.
RV supplier plans expansion in northern Indiana
Drew Industries Inc. announced Tuesday that two of its subsidiaries would increase manufacturing in Goshen and Middlebury, potentially adding more than 300 workers in the coming months.
Manufacturer plans to add 150 jobs in New Castle
Ohio-based Crown Equipment Corp. said it will purchase and renovate the former Metaldyne building in New Castle as part of a $15 million expansion in Indiana. The plant has been idle since 2009.
Kennedy’s persistence put to test
Supporters and detractors of Melina Kennedy agree on this description of her: a persistently hard worker. Whether that trait is enough to make the 42-year-old Democrat an effective leader of the nation’s 12th-largest city is an open question.
Software firm plans to open downtown office, add 250 jobs
Massachusetts-based Kronos Inc., a work force management software firm, plans to create 250 jobs by 2015 as part of a $5.1 million expansion to Indianapolis. The company will occupy 31,000 square feet in downtown’s PNC Center.
Manufacturer to beef up Frankfort operations, adding 160 jobs
LEP Special Fasteners Inc. will relocate parts of its management, sales and distribution functions from Elgin, Ill., and expand its current manufacturing plant in Frankfort by 250,000 square feet.
Printing manufacturer to expand in Tipton, create 35 jobs
Bottcher America Corp. will invest $2.1 million to purchase new gear and create a 30,000-square-foot addition to its current facilities.