Indiana-based Fiber Global planning $29.4M plant, 100 jobs in Boone County
Fiber Global Inc.’s flagship product, Forged Fiber Board, is manufactured from reclaimed corrugated cardboard and bio-based resin.
Economic Development
Articles
Carmel’s $55M natatorium draws international competition
The Oct. 10-12 World Aquatics Swimming World Cup will bring 450 swimmers, including Olympians and world-record holders, to Carmel. The event will be broadcast on NBC and Peacock in the United States and in 12 international markets.
Some Indiana Democrats call for further investigation into IEDC, affiliated entities
Rep. Ed Delaney, D-Indianapolis, called the 127-page forensic report “a good start.” But he said it left out important information.
IEDC approves $10M in federal funding to launch Indianapolis venture studio
The Indiana Economic Development Corp. approved $10 million in federal funding for the planned OneHealth Venture Studio, which will operate on Elanco Animal Health’s new Indianapolis campus.
Downtown advocacy group rebrands, releases report findings
About 66% of respondents to the newly-named Downtown Indy Alliance’s annual survey said downtown is better than it was five years ago.
Hoosier farmers celebrate Taiwan’s pledge to buy $6B in U.S. corn and soybeans
With Indiana Gov. Mike Braun and Lt. Gov. Micah Beckwith on hand, leaders of Indiana’s corn and soybean lobbies signed letters of intent with officials from Taiwan on Thursday.
Aer Lingus to add extra weekly seasonal flight to Indy-to-Ireland route
The nonstop route between Indianapolis International Airport and Dublin Airport is on pace to exceed more than 20,000 total passengers by the end of September.
‘Shark Tank’ star: US falling behind in global race for AI dominance
Kevin O’Leary, a regular on the ABC show “Shark Tank” known as “Mr. Wonderful,” took the stage Wednesday for a fireside chat on Day 1 of the Rally innovation conference.
Applied Research Institute promotes Kossack to CEO
The institute declined to provide a reason for the departure of David Roberts, who had led the organization since January 2023.
Arrow McLaren seeking tax breaks on $30M headquarters project
Arrow McLaren expects to make a total investment of $30 million in its new home at 7615 Zionsville Road and is seeking city and state incentives to help reduce the cost of the project.
City to consider $18M bailout loan to keep delayed Gold Building redevelopment afloat
The Gold Building conversion at 151 N. Delaware St. is expected to replace 400,000 square feet of office space with more than 350 apartments and nearly 8,000 square feet of ground-floor retail.
Upcoming events underscore the value of region’s creative economy
The Indiana Creative Economy Summit is scheduled for Oct. 13-14 at the Fishers Art Center. A music-themed partner event, the NIVA Live Policy Summit hosted by the National Independent Venue Association, is scheduled Oct. 15-16 at Fountain Square’s Hi-Fi venue.
Indianapolis rugby group aims to score big as World Cup nears
While rugby faces an uphill climb for relevancy within America’s cultural zeitgeist, some Indianapolis leaders are optimistic the city could become a hub for the sport by the time the U.S. hosts the men’s World Cup in 2031.
Plastic container manufacturer to employ 56 workers in Whitestown
Members of the Whitestown Town Council unanimously approved a personal property tax abatement for Ring Container Technologies, which plans to invest $77 million in an existing warehouse.
State’s exit from GM site ownership signals new economic development approach
“The governor has been very clear: We’re just not in the land development business, and it’s not a core competency,” Commerce Secretary David Adams told IBJ.
Westfield looking to capitalize on LIV Golf spotlight
The London-based golf tour that is financed by Saudi Arabia’s Public Investment Fund will bring 54 of the world’s top men’s golfers for the three-day LIV Golf Indianapolis Aug. 15-17.
Weekend seen as ‘huge catalyst’ in larger effort to make Indy women’s sports capital
Indianapolis sports-business officials say if they achieve their goal of becoming an epicenter of women’s sports by 2050, they’ll likely look back at this WNBA All-Star Weekend as the spark.
Indiana embracing Trump’s call to increase apprenticeship
Education and labor experts note that making high school apprenticeships commonplace won’t be simple.
After scrutiny over no-bid contract deals, Indiana secretary of state issues new RFPs
The move also comes on the heels of a new law adopted by the General Assembly earlier this year to increase transparency requirements involving state contracting.
IBJ wins 10 awards, Mickey Shuey named Journalist of the Year
The awards from the Alliance of Area Business Publications covered reporting, design and podcasts published in 2024.