Group launches $15M loan fund for housing near IndyGo stops
The goal is to preserve or spur development of 1,000 affordable housing units within close distance of an Indianapolis transit stop over the next five years.
Economic Development
Articles
Lawmakers consider changes to allow more alcohol permits in growing communities
The omnibus alcohol bill authored by Rep. Ben Smaltz, R-Auburn, would also create a special alcohol permit for a planned food hall at the Bottleworks development on Massachusetts Avenue.
Carmel holiday market attendance more than doubles in second year
In its sophomore year, Carmel’s Christkindlmarkt drew 328,000 people to Carmel’s Center Green. Sales revenue also jumped significantly.
Westfield sees advanced manufacturing as new growth engine
As Bastian Solutions, a Carmel-based subsidiary of Japan-based Toyota Industries Corp., prepares to open its Westfield facility along U.S. 31, city leaders are working to woo other companies like it.
Foxconn’s plan for giant Wisconsin factory now looks uncertain
The prominent supplier for Apple and other electronics-makers says it’s scrapping plans to build a giant new factory in Wisconsin, opting to hire American engineers and researchers instead of a promised fleet of blue-collar workers.
Mentor program seeks to boost Hispanic-owned businesses
The soaring Hispanic population can be a powerful engine for growth in the Indiana economy—potential that some of the state’s best-known businesses are embracing.
Part of solar farm at Indianapolis International Airport sold in $24M deal
CleanCapital purchased about half of the massive solar farm at the Indianapolis International Airport as part of a portfolio that also included a site in Columbus, Ohio.
Carmel software firm plans to expand, add 50 employees
Software company Tendly LLC, which began doing business under the name MomentPath in November, expects to move into a larger office space as part of the expansion plan.
Workflow software firm plans downtown expansion, 112 jobs
Kerauno, an Indianapolis-based communications workflow software company, plans to spend $5.2 million to open a new downtown headquarters.
Greenwood exploits creek for ‘riverfront’ district
As part of its effort to add redevelop its downtown, Greenwood is putting an unusual asset to use: a meandering minor waterway that in spots is not much wider than a drainage ditch.
Mount Comfort Road has big development potential for Hancock County
Mount Comfort Road in Hancock County could see an additional half billion dollars in economic impact by 2030 if community leaders capitalize on a plan to develop the busy corridor.
State may revamp tourism department, create quasi-governmental agency
Several lawmakers, lobbyists and state officials are pushing for sweeping changes to the state’s tourism bureau.
Business partner sought for proposed Broad Ripple Park event center
The Indianapolis Parks Department is proposing the creation of public-private partnership involving a health care provider to help pay for a new family event center at Broad Ripple Park.
U.S. economy grew at 3.4 percent rate in third quarter
Economists believe that economic growth is slowing in the fourth quarter to around 2.5 percent. For the full year, GDP growth is projected to top 3 percent — the best showing since 2005.
Lawrence plans Fort Harrison cultural district as a way to draw visitors
With a $5.85 million Lilly Endowment Inc. grant, the city of Lawrence and Arts for Lawrence are poised to launch a major project focused on the arts and the area’s military history.
Electrical contractor Gaylor plans Noblesville expansion, 20 hires
Gaylor Electric would spend $4.4 million to build a 49,000-square-foot prefabrication facility. It has requested tax incentives on the project that would save it more than $500,000.
Report says central Indiana faces dearth of ‘good’ jobs—so OneAmerica raises some salaries
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.
Indiana has good corporate citizens, but improvements still can be made, panelists say
Business and political leaders at the annual Engage Indiana event stressed the importance of public and private collaborations in helping improve communities and retain workers.
Apple to build $1 billion campus in Austin, expand in other cities
The Texas capital, which already has more than 6,000 Apple employees, is slated to get at least 5,000 more. Three other cities will get more than 1,000 jobs each.
IEDC reports another record-setting year for job commitments
The state’s lead economic development agency on Tuesday said that it has already surpassed last year’s annual record for job commitments.