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The 98-year-old Guaranty Building on Monument Circle has attracted several prospective buyers, said Mike McMains, who owns the property with John Barnard. The local entrepreneurs bought the 9-story, 100,000-square-foot building at 20…
An offshoot of Sun Yat-Sen University in China that promotes Chinese language and culture will be established at IUPUI, the Indianapolis campus announced this morning. Called the Confucius Institute, the program also will help Indianapolis-area companies develop networks in China. The announcement is part of the Chinese government’s attempts to open the institutes around the […]
Development near the Honda Motor Co. car assembly plant under construction near Greensburg might go forward, now that the city and Decatur County Rural Water system have reached an agreement to supply water to the area. Signatures are about all that remain to ice the agreement, according to the Greensburg Daily News. The parties didn’t […]
The Muncie area is on a roll attracting call centers with IBM’s announcement Monday that it would locate a center in Daleville and hire 500 to staff it. The decision follows Sallie Mae’s opening in October of a Muncie debt collection center, which will employ 700. Lifetouch National School Studios, a school photography company, also […]
Nash Finch Co., a Fortune 500 food distributor based in Minneapolis, has told the state it will lay off 300 workers June 4 at its distribution center in Westville, which is near Valparaiso in northwest Indiana. The cutback resulted from losing a major customer—Martin’s Supermarkets in South Bend, according to The Times of Munster.
Site Selection magazine, a trade publication that follows economic development, has cited Indy Partnership as one of the top 10 economic development organizations in the nation. Indy Partnership, which markets the Indianapolis area to businesses looking to expand, landed 136 projects, and created 9,200 jobs and $1.8 billion in capital investment last year, the magazine […]
A $70 million expansion of Columbus Regional Hospital will result in 60 new rooms and a new emergency department, the hospital said today. The project is intended to alleviate overcrowding and create private rooms, which patients are beginning to expect. BSA LifeStructures of Indianapolis and Robert A.M. Stern Architects LLP of New York wrote the […]
The popular island-themed restaurant along East 96th Street closed Friday, surprising many customers. A spokesman for Orlando-based Darden Restaurants said the company closed 9 restaurants that weren’t in the best locations or performing…
Property Lines is hearing the owners of First Indiana Plaza are considering a sale of the struggling skyscraper. The 425,000-square-foot building is owned by New York-based Crown Properties Inc. The building’s general manager, Julie Clements, said today she has no…
Shares of Interactive Intelligence Inc. are up 16.1 percent, to $17.75, this morning after reporting yesterday that first-quarter profit increased to nearly $1.7 million from $1 million a year earlier. The Indianapolis software developer, which has launched an expansion that will add ? workers to its northwest-side offices, attributed the boost to strong sales of […]
Bernardin, Lochmueller & Associates Inc., a civil engineering firm in Evansville, is adding 20 employees to the 22 already at its 6125 S. East St. branch office, Indy Partnership announced this morning. The jobs will pay about $30 an hour. Bernardin has 100 workers at its headquarters and 20 at a St. Louis branch. Chief […]
Bernardin, Lochmueller & Associates Inc., a civil engineering firm in Evansville, is adding 20 employees to the 22 already at its 6125 S. East St. branch office, Indy Partnership announced this morning. The jobs will pay about $30 an hour. Bernardin has 100 workers at its headquarters and 20 at a St. Louis branch. […]
Indiana was among the top 10-hardest hit states due to China’s entry into the World Trade Organization, a move that caused a displacement of production that otherwise would have remained in the United States, according to a report issued by the Economic Policy Institute in Washington, D.C. Indiana lost 45,200 jobs, or 1.5 percent of […]
Obelisk Federal Credit Union in New Albany was taken over by the National Credit Union Administration last month, but the federal agency isn’t saying why. However, the agency assured members that operations would continue as usual, according to The Courier-Journal of Louisville. Members of the southern Indiana institution work at hospitals, local governments and companies.
Intelliplex Park, Shelbyville’s state certified technology park, needs time to attract more companies and fulfill its potential for creating jobs, Major Hospital officials told a crowd of about 100 on Monday. In early April the hospital, which founded the park in 2003 along with the city and Shelby County, answered 180 questions from the community. […]
The Indiana Supreme Court said today that insurance carriers are not required to pay power utilities’ costs to install pollution equipment or to pay utilities’ legal costs to defend against lawsuits that forced them to upgrade air quality. The 17-page, unanimous opinion upheld a decision by Hendricks Superior Judge David H. Coleman denying a motion […]
Could it be? A long-promised Ritter’s Frozen Custard and a coffee shop apparently are on schedule to open later this month on the north end of the Downtown Canal. The $3.5-million renovation of…
Dow Jones & Co., which publishes The Wall Street Journal, has been offered $60 per share by News Corp., the company controlled by media baron Rupert Murdoch, according to CNBC. News Corp. is planning a business news channel to compete with other broadcasters. Dow Jones shares almost tripled this morning on the news, rising from […]
