Indianapolis officials are hoping to land $8 million in energy-efficiency and conservation-block grants from the federal stimulus program. The city has submitted eight projects to the U.S. Department of Energy for funding consideration. A total of 450 counties are eligible for the grants. The largest expenditure is $3.3 million for construction of 17 miles of […]
A new Indiana Department of Transportation appointee will initially focus his efforts on the Interstate 69 expansion through central and southern Indiana. INDOT Commissioner Michael Reed has chosen Sam Sarvis as the agency’s deputy commissioner for major program management. His appointment was announced yesterday. Reed said Sarvis has experience with local and state highway construction. […]
Biomet Inc. yesterday reported a $170.9 million loss in its fiscal fourth quarter as the result of more than $300 million
in special charges.
Biomet Inc. yesterday reported a $170.9 million loss in its fiscal fourth quarter as the result of more than $300 million in special charges. For the period ended May 31, the Warsaw-based manufacturer of orthopedic products reported $103 million in charges related to its 2007 merger with LVB Acquisition LLC, a private-equity consortium partly managed […]
The Indiana Department of Workforce Development is awarding $2.4 million to high school and post-secondary institutions across the state to fund engineering, biomedical and new technical preparation programs. The grants, ranging from $10,000 to $30,000, were awarded to more than 100 schools. The programs prepare students for college or the work force, while providing challenging […]
Duke Energy has proposed spending $121 million to study the feasibility of injecting carbon dioxide deep underground, adding
1 percent to the average ratepayer’s bill between 2010 and 2013.
Damar Services has closed its four-year, $6 million capital campaign, thanks to a donation of eight acres of land from
South Bend-based Holladay Properties.
Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million,
according to state records of 42 projects under way in which contractors have reported job data. The work, ranging
from paving to replacing bridge decks, had a total contract value of $39.2 million.
It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis.
The $1 million project would add an entrance to the luxury hotel at the northeast corner of Washington
and Illinois streets and include a total of 80 outdoor seats along both streets, in the shadow of the
Artsgarden.
The number of newly laid-off U.S. workers filing initial claims for jobless benefits last week fell to the lowest level since early January, largely due to changes in the timing of auto industry layoffs. Continuing claims, meanwhile, unexpectedly jumped to a record high. While layoffs are slowing, unemployed workers are having a difficult time finding […]
A former Indiana pastor and his sons have pleaded not guilty to charges they bilked church members out of millions of dollars intended for church construction projects. A Sullivan County judge appointed defense attorneys today for 65-year-old Vaughn Reeves, 40-year-old Chris and 32-year-old Josh. The oldest son, 44-year-old Chip, is being represented by attorneys Jim […]
Nestle USA plans to ask Anderson’s City Council for a tax break on equipment for its expanded plant that it says will lead to the hiring of nearly 99 people. Nestle is scheduled to make the request tomorrow for a 10-year tax abatement on new equipment valued at $200 million. The break is worth about […]
The recession is winding down in Indiana, but the state will lag a few months behind the nation when the
economy starts to pick up steam.
Thatâ??s how an Economy.com specialist who tracks Indiana sees it.
Sean Maher, who also focuses on…
A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that’s been
begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail
center at 1400 Madison Ave., across from Sisters’ Place Restaurant.
A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that’s been begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail center at 1400 Madison Ave., across the street from Sisters’ Place Restaurant. The 2.8-acre site now is home […]
A local developer is planning a retail strip center for a run-down parcel along Madison Avenue south of downtown. The plans by Keystone Construction Corp. call for…
Duke Energy said yesterday that it plans to invest about $121 million to study carbon dioxide storage sites in southwest Indiana.The three-year project would result in an average customer rate increase of about 1 percent that would be phased in between 2010 and 2013.Charlotte, N.C.-based Duke, one of the nation’s largest power generators, said it […]
A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that’s been begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail center at 1400 Madison Ave., across the street from Sisters’ Place Restaurant. The 2.8-acre site now is home […]
Toyota Motor Corp. plans to spend about $500 million to upgrade its Indiana assembly plant in Princeton to accommodate production of its Highlander sport-utility vehicle. Bloomberg News reported the investment today. It discovered the plans in a Securities and Exchange Commission document filed by Toyota late last month. Japan’s largest carmaker announced last July it […]
