German companies pledge to create Indiana jobs
Coinciding with Gov. Mike Pence’s economic development trip to Germany this week, three German companies agreed to hire more than 100 workers in Indiana.
Economic Development Incentives
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Cabinet maker plans to hire 262 workers
Jasper-based MasterBrand Cabinets Inc. expects to boost the work force and capacity at its Ferdinand operations, which already employ 1,500.
San Francisco route off to flying start
Indianapolis business travelers pay a premium to shave a few hours and a lot of hassle off their trips to Silicon Valley, and they appear eager to do so. A new nonstop route between Indianapolis International Airport and San Francisco was about three-quarters sold in January and February, the two slowest months for air travel.
IEDC urging government bets on spec-building
The Indiana Economic Development Corp. is encouraging local governments to help finance speculative industrial buildings, which could land new businesses but could put at risk hundreds of thousands in taxpayer dollars.
Ulta targets Greenwood for $51M distribution center, 537 jobs
Beauty products maker Ulta Inc. plans to open a fulfillment and distribution center in Greenwood that will employ as many as 537 people by 2018, the Bolingbrook, Ill.-based company announced Thursday afternoon.
State to work with Pew on economic development
The Pew Charitable Trusts has named Indiana one of seven states to participate in its 18-month initiative to discover effective business practices for economic development and remaining transparent to the public.
Indiana found most transparent in study of state data access
California, the U.S. state with the largest population and budget, offers the least website access to its government spending data, according to a new study. Indiana provided the most information.
Low-profile, high-volume graphics business growing in Fortville
PlaqueMaker.com plans to invest as much as $3 million to expand its Fortville operations, building and equipping a 42,000-square-foot facility and nearly doubling its staff by the end of 2018.
Abandoned Indiana factory site could lure Illinois company
Harvey, Ill.-based steel processor LB Steel is looking to move to the site and employ about 400 to 450 workers.
Beck’s plans $60M expansion, 100 more workers
Indiana-based Beck’s, the country’s largest family-owned seed company, said the expansion will include research labs, greenhouses, office space, and seed-processing facilities and equipment.
Beck’s Hybrids planning to expand headquarters operation
The growing family-owned seed company had been working with Hamilton County officials on incentives. An economic development announcement with state officials is planned for Wednesday morning.
Once-promising bioplastics maker fizzles out
A company that once planned to make Indiana home to the largest bioplastics manufacturing facility in the world is going out of business.
GE Aviation promises long-term commitment to state
GE Aviation chose Indiana for its $100 million plant partly because of the potential for hiring talent from and working on advanced-manufacturing research with Purdue University. The state’s business-friendly environment also played a role.
GE Aviation plans $92M investment, 200 jobs in first Indiana plant
The jet engine plant in Lafayette would be its first production facility in Indiana, and could expand to add hundreds of additional workers.
City considers whether to revoke 3M tax break
Minneapolis-based 3M spent nearly $16 million in 2008 on local buildings and equipment for Aearo Technologies, but hasn’t hit hiring targets set out in a seven-year tax-abatement agreement.
No-holds-barred tactics lifted developer Ozdemir
Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.
Stonegate plans to add 400 workers in expansion
The mortgage company plans to invest $6.2 million in new office space in Carmel, at the North Haven office park, helping it double its work force by 2017.
Tech startup plans 150 local jobs by 2018
Gusto LLC, a tech startup founded by former ChaCha and Overstock.com executive Shawn Schwegman, said it will invest $975,000 to launch the company and its debut product.
Food giant ConAgra plans huge center north of Indianapolis
ConAgra Foods Inc. is expanding logistics operations in central Indiana by moving a distribution center in Lebanon to a new and bigger facility it plans to build in nearby Frankfort. The move is expected to create 76 jobs.
New owner to spend $51M firing up Noblesville foundry site
ID Castings LLC plans to resurrect the property on South Eighth Street, an eyesore that has been underused for years. The company is asking the city for a $1.3 million tax break.