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Marsh store on hold: Grocery chain halts plan for much-ballyhooed Atlas replacement

October 24, 2005

Farrar broke the news to residents this month after speaking with Arthur Marsh, the store’s namesake, who lives in the area. A source inside Marsh confirmed the project is on hold, but company officials declined repeated opportunities to elaborate. Marsh is pulling back from the project at a time it’s under increasing financial strain. In its most recent quarter, the Indianapolis-based company posted a profit of just $674,000 on revenue of $410 million. In an August statement, CEO Marsh Supermarkets…

EYE ON THE PIE: Let’s put retail where we want it

October 17, 2005

Before we get into anything this week, let me clear up an error from last week. I wrote that Techpoint received $2.3 million in government incentives for locating at Indianapolis International Airport. The company was Transpoint. My apologies to all who have cause to be offended. Now let’s get on to the problem of the chicken and the egg. Many folks wonder which came first. When we have trouble identifying causality, we cite the chickenand-egg problem. Is the clothing store…

South-side exit finally sparking development: Wal-Mart might by key to I-65/County Line interchange meeting expectations

October 10, 2005

An interchange linking Interstate 65 and County Line Road completed six years ago is finally helping attract large commercial development to a busy Johnson County corridor. While Greenwood city officials are pleased by the amount of activity occurring there, they question why it took so long. “We thought it would take off much sooner than it did,” said Ed Ferguson, Greenwood’s director of planning, zoning and economic development. “We still have several hundred acres available in what we call the…

Economic developer for hire: Miller’s brain trust spreads advice from town to country

September 12, 2005

It’s about soybeans and high hopes. Clinton County has only 34,148 residents, nearly half of them living in the county seat of Frankfort. Most of the labor force works in either farming or auto-parts manufacturing. Neither is generally considered the field of the future. Enter economic development consultant Thomas P. Miller & Associates. Since Clinton County is the state’s fifth-largest soybean producer, TPMA counseled a strategy based on what it already does well. Starting next year, federal regulators will require…

Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race

June 27, 2005

IBJ: Is Indiana gaining ground against other states in the race to grow as a life sciences hub? What are some specific benchmarks that underscore your opinion? JOHNSON: Indiana is gaining ground, but Indiana already starts on really very substantial ground. There are a lot of outside validations of that and I think it’s important for this audience to hear a couple of them because there is nothing like having people on the outside pay attention to what we’re doing…

Plainfield, Avon work on land annexation agreement: Pact could pave way for mammoth industrial park by Browning Investments

April 25, 2005

Officials from the towns of Plainfield and Avon are negotiating to share annexation of a large parcel of unincorporated land that a mammoth industrial and distribution park will be built upon. Locally based developer Browning Investments Inc. has much of the 1,100-acre tract north of its Plainfield AirTech Business Park in Hendricks County under contract. When finished, the decade-long project will boast 15 million square feet of space, almost equaling the entire Plainfield industrial market. It dwarfs the 5.5-million-square-foot AirTech…

Software-maker expands through public incentives: Exact Target must prepare for market’s consolidation

March 28, 2005

It made for a great photo-op. With the morning sun shining brilliantly through the windows, Exact Target showed off its brand new headquarters in the Guaranty Building on Monument Circle. It was the second day of spring. Bipartisan smiles were the first item on the agenda. Gov. Mitch Daniels, a Republican, was there to celebrate the fast-growing e-mail software-maker’s $1.14 million package of government incentives. So was Mayor Bart Peterson, a Democrat. Exact Target had earned its tax credits, abatements…

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