Noblesville’s development strategy emphasizes local company expansions
The city’s investment in the retention and expansion of more mature, existing businesses has been paying off.
Economic Development
Articles
Indiana offers support to U.K.-based companies amid Brexit concerns
Indiana commerce officials are showing support for companies based in the United Kingdom as they face financial and political uncertainty after Brexit—the country’s vote to leave the European Union.
Local technology firms plan expansions, 77 new jobs
Two local technology firms are making plans to expand their operations in Indianapolis, adding a total of up to 77 employees over the next four to five years, the companies announced Wednesday morning.
Ex-GM site attracting ‘intense’ interest
The entity marketing the former General Motors stamping plant site is putting the property back on the market after plans for an outdoor concert venue on about half the 102 acres fell through.
Sallie Mae lands $2.4M in tax incentives for local expansion
As IBJ first reported Thursday morning, Newark, Delaware-based Sallie Mae plans to spend $15.7 million on the new office at 8425 Woodfield Crossing in northeast Indianapolis and add 278 workers to its existing staff.
Sallie Mae planning hundreds of jobs at new Indy office
Student loan provider Sallie Mae Bank is expected to announce plans Thursday morning to spend nearly $16 million on a collections office and call center that will hire up to 278 people before the end of 2023.
Convention Center could host national track and field championships
USA Track & Field CEO Max Siegel wants to bring an indoor national championship event here as soon as 2018. But his choice of venues is a bit unconventional.
Plastics manufacturer plans $6M expansion in Noblesville
Metro Plastics Technologies Inc. plans to leave the plant where it’s been housed for 35 years to move into a newly built facility.
Software company Emarsys speeding up hiring plans
The marketing-software firm originally planned to employ 167 employees by the end of 2020. But it’s accelerating those plans and expects to be halfway to that goal by the end of this year.
U.S. stocks tumble after Britain’s vote to leave EU
Markets in America mirrored a worldwide selloff Friday morning as the U.K.’s decision to leave the European Union fanned speculation that a divided Europe would hinder already fragile global growth.
Weekend mayors’ conference a ‘coup’ for Indianapolis, leaders say
Indianapolis will host the U.S. Conference of Mayors this weekend for the first time in the group’s 84-year history.
Report: Indy metro area accounts for 40 percent of state economy
Indianapolis' gross metropolitan product was $130.8 billion in 2015, which ranked it 26th among U.S. metro areas. It's projected to grow 3.6 percent this year and 4.8 percent in 2017.
Ball State study: State too focused on landing ‘footloose’ jobs
Indiana and the nation need to rethink their economic development strategies, which are excessively focused on trying to land large factories—an increasingly difficult task, the report found.
Plan for downtown concert venue on old GM plant site called off
REI Investments, the Carmel-based developer who had been under contract to redevelop about half of the site into a $30 million concert venue, has mutually agreed with owner RACER Trust to terminate the plan.
Japanese manufacturer plans $50M plant, 70 jobs in Indiana
Japan’s largest steel producer announced plans Tuesday to open a subsidiary in Shelbyville in a plant that is expected to be fully operational by spring 2018.
Digital marketing startup Torchlite plans to add 140 workers
The Indianapolis-based firm, which connects client companies to freelancers, inked an incentive deal with the Indiana Economic Development Corp. that will provide up to $2.8 million in tax credits.
Refrigerated-warehousing firm plans $13.6M expansion, 65 new jobs
Merchandise Warehouse said it will build a 90,000-square-foot, 50-foot-tall addition to its food-grade facility at 1414 S. West St.—a move that will boost its capacity by 25 percent.
Michigan company to expand in Indiana, hire up to 147
Spartan Fleet Vehicles and Services announced the plans Tuesday to invest $10.9 million to increase production of walk-in vans, parcel delivery vans, truck bodies and other items.
Lawrance returns to Chamber, to push for more road funding
Mark Lawrance spent 14 years at the Indiana Chamber of Commerce before heading to the Indiana University Public Policy Institute two years ago. Now he’s back at the Chamber in a new role.
Franklin mayor considers coworking space for business owners
The mayor of Franklin wants more entrepreneurs and small, local business owners operating their businesses out of the downtown area near coffee shops and restaurants within walking distance of their offices.