Indianapolis-based Bowen Engineering Corp. has been selected by Horizon Wind Energy LLC as contractor for its Meadow Lake wind farm in White County, the companies announced today. Houston-based Horizon’s wind farm in northwest Indiana will consist of 121 wind turbines that can generate 200 megawatts of power. The estimated cost of the project is $500 […]
Valero Energy will buy seven ethanol plants and a key development site in the Indiana city of Reynolds from VeraSun Energy for $477 million, the largest biofuel buyout ever in terms of production capacity. VeraSun, the country’s second largest ethanol producer, filed for Chapter 11 bankruptcy protection last October. VeraSun suspended construction of a […]
Carmel-based software firm Information Systems Experts LLC plans to expand its operations and create up to 10 new positions, the firm announced this morning. The company said it would invest more than $287,000 to upgrade equipment at its 8,000-square-foot headquarters in Carmel. ISE received a $21,000 grant from the state’s Skills Enhancement Fund to train […]
A plan designed to fix Indiana’s bankrupt unemployment insurance fund drew misgivings from business and labor groups yesterday as it advanced to the Republican-controlled Senate, which is expected to pass some version of the proposal. The Senate Tax and Fiscal Policy Committee endorsed the plan on a 9-3 vote after four hours of public testimony, […]
A fire that destroyed a six-story apartment complex under construction along the downtown Indianapolis canal last week was ruled an arson today. The fire gutted the $28 million Cosmopolitan on the Canal project that had been nearing completion and spread onto the roof of the adjacent headquarters of the Historic Landmarks Foundation of Indiana, causing […]
The number of new housing projects that builders broke ground in February rose sharply, defying economist forecasts for yet another drop in activity. The Commerce Department reported today that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 units. Economists were expecting construction to drop […]
A local homebuilder is pressing forward with plans to build a “green” residential development in Zionsville, despite the troubled economy. Kai Yu of Kai Yu Home Builders LLC is planning to build 22 custom, single-family homes priced between $500,000 and $1 million on nearly 18 acres of land along Turkey Foot Road, five miles north […]
A rough economy hasn’t calmed the grudge match between drugstore giants Walgreen Co. and CVS. Both stores are planning new locations at the busy intersection…
The Estridge Cos., a well-known Carmel-based residential construction firm, is teaming with popular TV show “Extreme Makeover: Home Edition” to build a home for an Indianapolis-area family. Representatives from Estridge and Indianapolis Mayor Greg Ballard discussed the partnership this morning at a press conference at the City-County Building. The Indianapolis episode of “Extreme Makeover: Home […]
The Estridge Cos., a well-known Carmel-based residential construction firm, is teaming with popular TV show “Extreme Makeover: Home Edition” to build a home for an Indianapolis-area family. Representatives from Estridge and Indianapolis Mayor Greg Ballard were scheduled to discuss the partnership this morning at a press conference at the City-County Building. The Indianapolis episode of […]
At Purdue University, the quest for a new missile and spacecraft fuel has
brought together an oil-and-vinegar mix of rocket scientists and food scientists.
I don’t think this bear can last another 17 months, because if it did, it would have a longer life than the greatest bear
market in our history.
Stellarwind is believed to be the first algae-oil company in Indiana and among dozens of others around the country at the
forefront of what’s being called the third wave of biofuels production.
The coffee pot was broken at Stellarwind BioEnergy. It was probably just as well, since most of the liquid percolating at its home-in the former Hoosier Orchid Co.-is green and algae-ridden. It’s in water-cooler jugs and 64-ounce Coke bottles backlit by fluorescent tubes, back in the lab. But the main act at Stellarwind is “the […]
St. Francis Hospital & Health Centers will halt construction this summer on a new inpatient bed facility at its hospital in southern Indianapolis. The facility only is 40 percent finished. The hospital plans to resume work once the economy improves, according to an update posted on its Web site yesterday. St. Francis’ announced its new […]
Indiana’s deepening recession failed to halt government hiring and growth in the education and health service sectors in January even as the state’s factories continued jettisoning jobs, new federal statistics show. A state-by-state unemployment report released yesterday by the U.S. Labor Department shows that Indiana lost about 12,400 jobs in January, when its unemployment rate […]
Indianapolis has entered into a partnership with Holladay Properties in which the developer will construct nine distribution-type buildings at its AmeriPlex Business Park on the city’s west side in exchange for tax incentives. Mayor Greg Ballard made the announcement this morning at a Greater Indianapolis Progress Committee board meeting at WellPoint Inc.’s downtown headquarters. The […]
The city’s Capital Improvement Board approved cutting an additional $1.5 million from its annual budget yesterday and may have moved a step closer toward funding its annual operating budget with an increase in hospitality taxes. Local sports teams have been reluctant or noncommittal about shouldering a bigger financial load, CIB officials said. As a result, […]
The city’s Capital Improvement Board approved cutting an additional $1.5 million from its annual budget today and may have moved a step closer toward funding its annual operating budget with an increase in hospitality taxes. Local sports teams have been reluctant or noncommittal about shouldering a bigger financial load, CIB officials said. As a result, […]
A new French Lick Airport terminal designed to serve a growing number of travelers to southern Indiana’s Springs Valley will be nearly five times the size of the current facility built more than 40 years ago. “It kind of had fallen on bad times and is not the image we like to project as we […]
