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Indiana and Purdue universities have received national recognition for a study that looks at how rural areas can stimulate economic growth. The report, “Unlocking Rural Competitiveness: The Role of Regional Clusters” was done by IU’s Business Research Center, Purdue’s Center for Regional Development and the Strategic Development Group Inc., a Bloomington consulting firm. The award […]

Marsh Supermarkets Inc. has converted LoBill stores in Greensburg and Rushville to Marsh Hometown Markets and expects to convert eight more locations-including some in Indianapolis-by the end of July, the company said this week. Already, nine LoBill locations have changed over. Fishers-based Marsh began the rebranding effort two months ago and is upgrading the store […]

Local artists April Willy and Kirsty Saalfrank are the latest creative talents to be highlighted in Indianapolis Mayor Bart Peterson’s office art collection. New artists are rotated in every six months; painter Willy and photographer Saalfrank each will have six pieces on display. Jenny Guimont, director of the Indianapolis Cultural Development Commission, selected the artists […]

The U.S. Census Bureau’s National Processing Center in Jeffersonville plans to hire about 2,400 workers over the next three years to prepare for the 2010 Economic Census. The center will hire about 100 in the next two months, with another round of hiring in six months. The bulk of the hiring will occur early 2010. […]

Oregon RV maker Monaco Coach Corp. is consolidating its Indiana operations by closing an Elkhart factory and moving the work to two other Indiana plants. The 350 workers in Elkhart will be offered jobs at facilities in Warsaw and Wakarusa. The factory affected makes the Holiday Rambler and McKenzie fifth-wheel and travel-trailer recreational vehicles. The […]

The U.S. Environmental Protection Agency is considering whether to approve changes Indiana plans to make to its drinking-water regulations. Some of the changes are required under amendments to the federal Safe Drinking Water Act. States such as Indiana that administer their own programs must adopt rules at least as stringent as EPA regulations. Indiana’s changes […]

Oakland, Calif.-based Edy’s Grand Ice Cream plans to expand its Fort Wayne operations to increase production of its Nestle Drumstick line. The $30 million project will add 30,000 square feet and 68 jobs to a plant where more than 300 are now employed. Edy’s, a unit of Nestle SA of Switzerland, received roughly $3.3 million […]

Middlebury-based Four Seasons Housing Inc. is closing a production plant and cutting at least 20 workers, citing a downturn in the modular housing market as the reason. The plant closing this week makes trim and final-finish products. The work will be incorporated into another plant on the company’s campus. Four Seasons Housing employed about 250 […]

Fort Wayne-based Steel Dynamics Inc. has agreed to buy The Techs, a flat-rolled-steel company based in Pennsylvania, for $360 million. The company has three galvanizing facilities in Pennsylvania, including two in Pittsburgh. The deal is expected to close by July 2.

Hoosiers, on average, saw their earnings increase 19 percent from 2000 to 2005, although job growth overall grew only 0.2 percent, according to a report by the Indiana Business Research Center at Indiana University’s Kelley School of Business. Nationally, average earnings grew by 17.5 percent. Indiana added 7,300 jobs in the first half of the […]

Indianapolis-based Countrymark Cooperative LLP today said it will spend $20 million to upgrade and expand its Mount Vernon oil refinery, which will boost production by 12 percent, or 45 million gallons. The investment is intended to help counter a national gas shortage and an increase in demand for fuel, which together are driving up prices […]

Large parcel near Mount Comfort airport to be developed, area starting to boom Rosemont, Ill.-based Verus Partners LLC has asked the Hancock County Area Plan Commission to rezone 228 acres near Mount Comfort Airport to permit construction of an industrial park. The area is ripe for development, said Dennis Maloy, executive director of Hancock Economic […]

The group of private-equity firms that last week sweetened its offer to buy Biomet Inc. today began a tender offer to buy the Warsaw medical device maker’s shares for about $11.4 billion. The offer of $46 a share, which expires July 11, is contingent upon at least 75 percent of all shares being tendered. A […]

Herb Simon, co-founder of Simon Property Group Inc. and co-owner of the Indiana Pacers, has joined with other investors to buy the Tucson Sidewinders, a Triple A baseball team, for $13.5 million. The other investors are Jerry Katzoff and Stuart Katzoff, a father and son from New York City. The new owners plan to move […]

A young woman is dead and two family members hurt after a house fire early this morning on Cottage Avenue on the city’s south side. A mother, who jumped out of a second-story window, survived, as did one of her daughters, but her other daughter died. The fire was in the same area where more […]

Expenses that DaimlerChrysler and Getrag Corporate Group are incurring related to their $560 million transmission plant going up in Kokomo will be reimbursed by Tipton County through the sale of bonds, according to an agreement between the parties. A story in yesterday’s Kokomo Tribune said the agreement was disclosed Monday after being approved by Tipton […]