Carmel-based electronic medical records developer Gemms Inc. plans to invest $2.1 million to expand its headquarters and software
development operations here, more than doubling its staff in the next five years.
The five-year tax break could help bring a new research-and-development program for electric vehicles to Kokomo, creating
118 jobs and saving 72.
Ohio-based Carter Lumber plans to open new wholesale lumberyard and truss-making facility in Franklin in June.
Just Packaging on the east side of Indianapolis says it plans to invest in new equipment and hire 35 people by 2014.
A northern Indiana recreational vehicle manufacturer is expanding its Elkhart operations and plans to hire up to 265 new workers
by 2013.
Arkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials
said Wednesday, touting the nearly 135 jobs expected over the next two years.
Texas-based Blue Bell Creameries will begin selling its ice cream in nine metropolitan Meijer stores beginning April 5. Distribution
will be assisted by the building of a 12,000-square-foot facility on the northwest side.
Companion Diagnostics Inc. moves from Connecticut to the IU Emerging Technologies Center, hopes to create 30 high-paying jobs
by 2014.
Indianapolis-based tech firm BlueLock LLC is poised to continue its growth spurt, planning a $35.6 million investment at its
north-side facility that could create 118 jobs. City planners have recommended approval of a 10-year tax abatement.
Fishers-based Exacq Technologies Inc. will invest $1.1 million to expand its Exit Five Parkway headquarters, creating as many
as 49 new jobs by 2013.
Startup logistics firm s2f worldwide LLC will invest $10.8 million to set up its headquarters and distribution center in Plainfield,
creating 250 jobs by 2013, state economic development officials said early Monday.
Illinois-based medical supplies maker Medline Industries Inc. has opened a distribution center in Plainfield, hiring 50 workers.
Niagara Bottling LLC recently hired 55 for its plant on Whitaker Road, which will make half-liter bottles of purified municipal
tap water.
Global consumer packaging manufacturer Rexam plans to expand its operations in Franklin, adding nearly
50 jobs by the end of
the year.
Indianapolis-based Vortek Surgical LLC will relocate to Brownsburg, expanding its headquarters, manufacturing and distribution
operations and creating more than 60 jobs in the next three years.
Indianapolis’ successful suburbs are rapidly surrounding the city. More important, tax and cultural shifts
are starting to drain Marion County.
Indianapolis is on the verge of losing one of its most prominent public companies. The Steak n Shake Co. is planning to
change its name to Biglari Holdings Inc. and move its headquarters to San Antonio. The Steak n Shake restaurant chain would retain a presence in Indianapolis.
The federal Medicare program will conduct a demonstration project using the Indianapolis-based Indiana Health Information
Exchange to examine the impact of a multi-payer quality reporting and pay-for-performance incentives. Medicare will
feed its patient data into IHIE’s Quality Health First program, which combines data from health insurers with patient
medical records to help physicians track the quality of their care. Already, Anthem Blue Cross and Blue Shield of
Indiana is offering bonus payments based on how well doctors do at managing their patients’ health in key areas.
The Medicare program will allow IHIE to share in a portion of Medicare savings achieved once quality of care and cost objectives
are met.
St. Vincent Health made it official on Feb. 1. Washington County Memorial Hospital
in Salem is now St. Vincent Salem Hospital. The 25-bed facility will cost Indianapolis-based St. Vincent $3.5 million
over five years in a lease-to-buy agreement. St. Vincent executives have been managing the hospital for 18 months,
including during its bankruptcy reorganization, which began in June. The Salem hospital is the 18th in St. Vincent’s
statewide network.
The National Institutes of Health’s National Eye Institute has awarded Teri Belecky-Adams,
professor of developmental biology at IUPUI’s School of Science, a $1.25 million grant to study astrocytes
in the optic nerve. Astrocytes are cells that make it difficult for the brain to heal and to overcome injury or disease. By
understanding what kind of factors regulate certain gene expressions in astrocyte cells in the optic nerve, scientists hope
to gain a deeper knowledge of brain injuries and the brain’s response to disease and injury. The study is a collaborative
effort between the IU Center for Regenerative Biology and Medicine, scientists within the IU School of Medicine,
and researchers at the University of Wisconsin.
Biologics LLC, which makes mobile labs and manufacturing
buildings for biotech firms, will locate its headquarters in Brownsburg, and plans to create at least 50 jobs by 2013. The
company plans to invest $14.6 million in machinery and equipment and lease 7,500 square feet in the Brownsburg
Motorsports Park before constructing a manufacturing plant in 2011. The Indiana Economic Development
Corp. offered Biologics up to $550,000 in tax credits to support the company’s job creation. Hendricks
County and the town of Brownsburg will consider additional property tax abatements.
AMPATH,
a joint partnership between Indiana University School of Medicine, Moi University School
of Medicine and Moi Teaching and Referral Hospital, has received another $5 million USAID grant to
expand health care services in western Kenya. AMPATH, which stands for the Academic Model Providing Access to Healthcare,
received a $60 million grant in 2007 from USAID, or the United States Agency for International Development. More than 100,000
Kenyans receive HIV/AIDS treatment through USAID-AMPATH’s system of community health workers in 23 full-time clinics
and 23 satellite clinic locations.
New Jersey-based Enzon Pharmaceuticals Inc. closed on the sale
of its specialty pharmaceutical business, including a plant in Indianapolis, to Italian-owned Sigma-Tau Group. The deal
could be worth up to $300 million. Locally, Enzon’s plant at 6925 Guion Road makes drugs to treat leukemia, meningitis,
fungal infections and the “bubble boy disease” immune disorder. The plant employs about 100 workers, and the manufacturing
operations will remain in Indianapolis, Sigma Tau spokesman Marc Tewey said.
Fourth-quarter profit fell 19 percent,
to $69 million, at Indianapolis-based Dow AgroSciences as the company spent more on research and marketing
expenses related to its seed business ramp-up. Revenue rose 17 percent, to $1.1 billion, from the same period in 2008. For
all of 2009, Dow Agro, a subsidiary of Michigan-based Dow Chemical Co., reported revenue of $4.5 billion,
down from $4.6 billion in 2008. Annual earnings before interest, taxes, depreciation and amortization dropped
to $577 million from $892 million.
A startup that makes mobile laboratory and manufacturing facilities will locate its headquarters, design and manufacturing
operations in Brownsburg, creating at least 50 jobs by 2013.
Zipp Speed Weaponry said it will create 105 jobs by 2013 and invest $12.4 million in a new manufacturing plant in Indianapolis
to make its high-end bicycle components.
