The facility would process maize straw from as many as 150,000 acres of cornfields annually into a peat moss substitute for agriculture and foam products for material science uses.
The Atlanta-based company said the expansion would double its processing capacity and add 56 jobs over the next few years.
BCforward is scheduled to announce the expansion Thursday morning during an economic development event at its offices at 9777 N. College Ave.
The announcement came Tuesday during a groundbreaking for the planned five-story, 120,000-square-foot office building at the southeast corner of Illinois Street and Fidelity Way.
Grinds LLC—which produces pouches of flavored coffee designed as a healthy alternative to chewing tobacco—plans to invest $6.7 million and create 56 jobs.
Winamac-based BraunAbility plans a $7.5 million expansion project that includes moving its headquarters to Carmel and building a new research and technology center.
Several cities were quick to renew their courtship of Amazon after a report Friday that the e-commerce giant was reconsidering its plan to open a 25,000-worker H2Q campus in New York City. Indianapolis wasn’t among them.
Kerauno, an Indianapolis-based communications workflow software company, plans to spend $5.2 million to open a new downtown headquarters.
The mayor and Indianapolis’ economic development agency said their negotiations with companies this year resulted in 74 relocation or expansion deals leading to pledges of 13,320 new or retained jobs.
The Brookings Institution report found that the situation is especially dire for Hoosiers without college degrees and said the state shouldn’t incentivize jobs that don’t pay middle class wages and benefits.
The state’s lead economic development agency on Tuesday said that it has already surpassed last year’s annual record for job commitments.
Elevate Ventures, Bloomington-based incubator The Mill and the Columbus Area Chamber of Commerce on Thursday announced they have entered a three-year agreement to invest $2.5 million to bolster the entrepreneurial ecosystems in Bartholomew, Brown and Monroe counties.
Spur Interactiv announced plans Friday to add 33 employees in downtown Indianapolis by the end of 2022.
Solinftec said Thursday it would invest $50.6 million to establish operations in the Hoosier state. The company makes technology that helps farmers collect and analyze data to increase crop returns.
The statewide business group announced its lobbying agenda Monday—and it includes support for passing a hate-crimes bill and increasing the cigarette tax. Another priority involves the state’s superintendent of public instruction.
The Indianapolis-based firm, which focuses on tech services that help government agencies communicate more effectively with constituents, plans to add 60 employees.
When visiting Indianapolis in March to gather intelligence on the city’s HQ2 bid, Amazon officials had two meals at hot restaurants on downtown’s northeast side and toured three potential sites for the $5 billion project.
Downtown Indy leaders say the city can’t afford to let the Circle fall into disrepair or become a turnoff for visitors.