Battery components maker to invest $1.5B in Terre Haute
Oregon-based battery component producer Entek plans to add nearly 650 jobs by the end of 2027.
Economic Development
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Pet food maker announces $200M expansion in Indiana
Pet food manufacturer Blue Buffalo Co. Ltd. plans a 169,000-square-foot addition to boost processing operations and warehouse capacity. As part of the expansion, the company plans to add up to 60 jobs by the end of 2024.
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Don Schumacher Motorsports plans $10.5M expansion in Brownsburg
The expansion, which involves additional equipment at the existing facility and a new 32,500-square-foot building, is expected to increase employment by 42 workers.
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Wawa store planned at Noblesville’s Midland Pointe development
The $72 million Midland Pointe development is planned on 34 acres at the southeast corner of State Road 32 and Hazel Dell Parkway.
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Bill calls for IEDC to inform local officials about big land purchases
The legislation would require the Indiana Economic Development Corp. to notify local officials before purchasing more than 100 acres of land for economic development that is intended to be used for an Innovation Development District.
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Articles
IEDC paying premium for farmland for Boone County tech district
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Appeals court: State law supports OK for Duke’s $2B economic development plan
Duke Energy will be able to proceed with a nearly $2 billion economic development plan after the Court of Appeals of Indiana ruled a regulatory commission’s approval met the requirements of state law.
Indiana plans economic development trip to Japan, South Korea
Indiana Secretary of Commerce Brad Chambers is set to lead a delegation next week on an economic development trip to Asia, where the team will promote Indiana’s growing battery, electric vehicle and semiconductor industries.
Amazon pauses construction on 2nd phase of HQ2 campus in Virginia
The company has already hired more than 8,000 employees in the Arlington, Virginia, area and will welcome them to Met Park campus, the first phase of development, when it opens this June.
Monarch Beverage plans move to new $73M facility on Indy’s east side
The company plans to retain 500 workers when its relocates from its existing distribution center on Pendleton Pike in Lawrence to the new facility under development in Indianapolis.
Westfield City Council votes to join central Indiana economic development group
Westfield joins Anderson, Beech Grove, Carmel, Fishers, Indianapolis, Lawrence, McCordsville, Noblesville, Speedway and Zionsville in the RDA.
Ford to build $3.5B electric vehicle battery plant in Michigan
Gabby Bruno, director of economic development for Ford, said there was “no lack of competition for this project.” She said Michigan “competed against numerous states and countries” to secure the investment.
Another $237M granted to Honda battery plant project in Ohio
Honda had also considered Greensburg, Indiana, as a possible site for the plant before deciding on Ohio.
Report: Massive EV battery plant in Indiana on hold
The Wall Street Journal first reported Friday that General Motors Co. and Korea-based LG Energy Solution failed to come to an agreement on building a fourth plant through their Ultium Cells joint venture.
Lilly plans to construct 12 buildings at LEAP campus in Boone County
The company’s more detailed plans for the project reveal the 12 buildings would range in size from a 3,200-square-foot visitors center to a pair of three-story, 330,000-square-foot manufacturing facilities.
Lafayette leaders want answers about water usage for IEDC’s Boone County tech park
A group of elected officials, business leaders and community members in the Lafayette area are drafting a letter to the Indiana Economic Development Corp. seeking details about the state’s plans to draw water from the Wabash River aquifer.
IEDC looking to key U.S. markets to generate investments in Hoosier state
The IEDC says it would like to hire two more people this year, perhaps on the East Coast and in the Southeast, who can also scout for companies that might be persuaded to invest in Indiana.
State of the Judiciary highlights role of state courts in Indiana’s economy
Indiana Chief Justice Loretta Rush’s speech mainly focused on the work by the courts that “makes Indiana an attractive state for economic development and how it can protect public safety in Indiana.”
Speedway official named chief of Indiana Bond Bank
Indiana State Treasurer Daniel Elliott has named Jacob Blasdel executive director of the Indiana Bond Bank, succeeding acting executive director Ron Mangus.
Plainfield hires new economic development director
Alyssa Woolard previously served as associate director of economic and redevelopment for the city of Madison, Indiana.
New IEDC hire to focus on West Coast
The Indiana Economic Development Corp. said it hired Jillian Ochs to the new position of West Coast business expansion specialist with the goal of attracting high-tech investment from businesses and entrepreneurs in California.
Chiang: Indianapolis to play key role in Purdue’s future as tech leader
The new president of Purdue University said Indianapolis serve as one “bookend” for a “63-mile-long hard tech corridor” stretching “all the way to Tippecanoe County.”
In budget request, Holcomb doubles down on economic development strategy
The funding requests are part of the governor’s ambitious $3 billion “Next Level Agenda,” which calls on state lawmakers to approve historic investments in education, public health and state employee salaries.
2022 Year in Review: Andretti leads racing team boom in Indy’s suburbs
Andretti Global revved some economic development engines in August when it announced plans to establish its worldwide headquarters in Fishers, investing $200 million in the project and creating up to 500 jobs by the end of 2026.