AT&T Inc. said this morning that legislation passed last year allowing telephone companies to better compete with cable providers was a factor in its decision to create 425 jobs in Indiana rather than other states. The San Antonio company said it will add the jobs at its offices at 220 N. Meridian St. by 2009. […]
AT&T Inc. will add 425 jobs at its offices at 220 N. Meridian St. by 2009, the San Antonio, Texas, telecommunications giant announced this morning. The call center jobs, which will average about $40,000 a year with benefits, will provide customer service for the company’s high-speed Internet service. The positions are being brought in-house after […]
Two massive developments with sizable retail components along the Interstate 69 corridor in Hamilton County are helping to spur the construction of several nearby distribution centers. The light industrial space rising near Fishers and Noblesville is unlike the monstrous warehouse projects prevalent west of Indianapolis in Plainfield and popping up within the Anson project near Whitestown. They instead are mediumsize warehouse or showroom space meant for small businesses expected to populate Hamilton Town Center and Saxony at the Exit 10…
A handful of bills pending in the General Assembly could have a major impact on Indiana’s high-tech sector. Legislation under consideration could stimulate increased commercialization of patented Indiana technology, channel more money toward development of alternative fuels, require regular review of Indiana’s certified technology parks, and more. Tech leaders are optimistic about the chances their agenda will be approved. “It’s the reason we married up with CICP,” said Ron Brumbarger, chairman of TechPoint, a trade association for Indiana high-tech companies….
The University Loft Co.’s graduation from dormitory to hotel-furniture maker is beginning to show promise. While the Indianapolis-based manufacturer’s bread and butter remains campus furnishings, its decision to enter the hospitality market in 2003 has CEO James Jannetides thinking big-as in presidentialsuite big. In four years, the ULC Hospitality division has grown to account for nearly 10 percent of the company’s $100 million annual revenue. Jannetides, though, envisions the branch’s eventually contributing half in his quest to someday make ULC…
The city of Indianapolis has agreed to kick in as much as $48.5 million toward the construction of a new 1,000-room convention hotel near White River State Park. In a letter of intent, the Indianapolis Bond Bank agreed to an investment package that could include a 10-year tax abatement and a new tax increment […]
The city of Indianapolis has agreed to kick in as much as $48.5 million toward the construction of a new 1,000-room convention hotel near White River State Park. In a letter of intent, the Indianapolis Bond Bank agreed to an investment package that could include a10-year tax abatement, a new tax increment financing district […]
Martinsville’s Common Council has unanimously denied a request from Lowe’s Companies Inc. to abate $423,000 of $722,000 in potential taxes on real estate improvements. Council members said subsidizing the home-improvement chain would be unfair to existing businesses. The Mooresville, N.C., company wants to locate a store near an existing Wal-Mart on Grand Boulevard, according to […]
City and state officials are igniting a souped-up effort to draw motorsports-related companies here, and they’re enlisting
Hoosier-born NASCAR champ Tony Stewart to help drive their message home.
Plans are in place for a 400-acre mixed-use development off Interstate 70 just west of Plainfield–an area quickly becoming the next big thing in industrial real estate.
The numbers are daunting. According to Gov. Mitch Daniels’ economic development plan “Accelerating Growth,” Indiana ranks 35th out of 50 states for the proportion of its population with at least an associate’s degree. Worse, it ranks 47th for bachelor’s degrees. A full million Hoosiers “lack the basic skills necessary for 21st century employment,” according to the plan. That’s about a sixth of the state’s population. High-tech leaders are increasingly focused on reversing the trend. They know the availability of a…
The rebuilding of Interstate 70 between downtown and Interstate 465 six miles to the east, starting in February, threatens to devastate a part of town already struggling economically, businesses and community groups warn.
Backers of a proposed $40 million Indianapolis chemical plant are eyeing a south-side parcel near White River, but neighbors worry fumes from the facility will drag down property values nearby. In the spring, local economic development groups trumpeted Indianapolisbased NaClor Inc.’s decision to build the plant here. In return for the 53 new jobs-making bleach and other chemicals used in soaps, detergents and water quality treatment-the state promised $2.8 million in tax cuts and training grants, and the city offered…
Lauth Property Group is working to complete the purchase of 550 acres it has under contract at the northeast corner of Interstate 70 and State Road 39, one interchange west of Plainfield. Lauth plans to build 7.5-million-square-foot industrial park, dubbed Westpoint Business Park.
For the last half-decade, Indianapolis has shown greater job gains than any other large city in the Midwest. During the same period, the Indy Partnership has been responsible for the area’s economic development.
I admit I don’t understand the world in which I live. For example, a study in the Journal of the American Academy of Dermatology reports that 24 percent of Americans age 18 to 50 have one or more tattoos. That rises to 36 percent when we look at just those 18 to 29. I don’t get it. Is this body art, a message to the world, a commitment to oneself or someone else? Tattoos do fill in all that empty…
It would have been big. Just last month, a team of officials from the Indiana Economic Development Corp. and The Indy Partnership, its local equivalent, were furiously negotiating with South Carolinabased fire-engine maker American LaFrance. Intrigued by a mix of economic incentives and Indiana’s central location, American LaFrance considered moving its operations to Marion County. In formal negotiations, the company dangled promises of 653 jobs and a capital investment of $18.5 million. State records don’t reveal what incentives Indiana offered…
I’m not sensing a lot of enthusiasm for the state’s new tourism slogan, “Restart Your Engines.” Wait. What am I saying? What I sense is some outright hostility because the state paid $85,000 for this clunker, then was so tone deaf as to unveil it right after the income tax deadline, setting off a wave of “Your tax dollars at work” jokes in newspapers, blogs and coffee shops. So here we are in May, at the start of another tourist…
Indiana’s days of economic development on the cheap may soon be finished. Three major new business-incentive funds are on the Indiana Economic Development Corp.’s wish list, each bearing a significant price tag. The General Assembly will decide next year whether to provide the more than $100 million IEDC requests to form them. Plans for the three funds are tucked into Gov. Mitch Daniels’ comprehensive new state economic development plan, “Accelerating Growth,” released April 25. It aims to bring Hoosiers’ lagging…
A Cleveland-based technology giant plans to move its Intech Park operation next month, leaving behind some attractive office space and a broken promise to create jobs. Parker Hannifin Corp. will consolidate its Indianapolis location into a California site, spokesman Jim Cartwright said. It should empty its 30,700-square-foot offices in the park’s Intech 10 building by the end of June. The move will have no impact on Parker Hannifin’s Tell City production facility, which employs about 100 people who make industrial…
