Mayor launches task force to assist Carrier workers
The task force will focus immediately on identifying existing resources for workers and developing a “tool kit” to ensure those workers know about their options.
Economic Development
Articles
U.S. economic growth slows to crawl in fourth quarter
Much of the weakness last quarter reflected a slowdown in consumer spending, which grew at an annual rate of just 2.2 percent, compared with a 3 percent rate in the previous quarter.
Dental claims processor plans to add more than 150 workers
Renaissance Electronic Services said it will invest $14.9 to expand five existing Indianapolis facilities and a new location in the former Gerdt Furniture store in Southport.
Fund aims to ‘elevate’ tech commercialization statewide
With a new leader at the helm, Elevate Ventures has plotted a course for 2016 that includes forging more partnerships with universities and communities to help entrepreneurs commercialize intellectual property.
Zionsville’s first-ever elected mayor outlines priorities
Tim Haak left his job in economic development to take on the new full-time position, even though it might not last. Now on his plate: Creekside Corporate Park, traffic reconfiguration and the planned $10 million town hall.
Bill would weaken protections for homeowners in foreclosure
Banks support proposed state legislation that could prevent Hoosier homeowners from using a settlement process to avoid foreclosure. But the sponsor of a bill with the controversial provision says he will strike it.
Financial services firm plans $33M HQ, 600 jobs in Carmel
Allied Solutions LLC, a Carmel-based firm that serves the financial sector, is planning construction of a five-story building in the Midtown area, more than doubling the size of its existing headquarters.
84 Lumber to add manufacturing facility, 100 jobs in Franklin
The building materials supplier plans to invest $5.59 million to purchase, renovate and equip the former Trussway facility at 1850 North Graham Road.
Legislative leaders back money for third Regional Cities grant
Republicans who control the Indiana Senate are supporting a request from Gov. Mike Pence for an extra $42 million toward the new state grant program. And House Speaker Brian Bosma says it will likely pass.
Missed vote puts spotlight on Brainard’s business trips
Carmel Mayor Jim Brainard traveled out of state using public money nearly every month this year. His trips aren’t lavish, but he was gone on city business a total of 79 days, raising questions about both the hard and soft costs.
New mayor means CIB changes are likely
The new-look Capital Improvement Board–which owns Bankers Life Fieldhouse, Victory Field and Lucas Oil Stadium as well as the Indiana Convention Center–will probably be less cheerleader and more watchdog.
Renewable-energy firm to invest $180M in new facility
The operation, which is expected to employ 136 in Steuben County by 2019, will convert scrap plastic into ultra-low sulfur diesel and gasoline blendstocks.
Indiana regions passed over for state money continue search
Officials in four Indiana areas that failed to win a share of the tens of millions of dollars in the Regional Cities competition are looking to other sources fund their dream projects.
State announces 650 new job commitments at 17 companies
The Indiana Economic Development Corp. said Thursday morning that it has reached job-creation incentive deals with 17 companies across the state, including 14 businesses in Indianapolis.
Software firm expanding SoBro headquarters
TCC Software Solutions bought a property on East 52nd Street in 2012 and began occupying one of the buildings in early 2014. Now the company plans to renovate another structure at the site to accommodate its growth.
Regional cities money to be awarded Tuesday
Seven regions in Indiana have applied for funding. Three are finalists: southwestern Indiana, the South Bend area and the Fort Wayne area.
Printer plans $3.8 million expansion, local jobs
Fineline Printing Group plans to add 18,000 square feet to its 53,000-square-foot manufacturing facility at 8081 Zionsville Road on the city’s northwest side.
Lawmakers hope for momentum on program to help avoid layoffs
Nearly 30 states have “work-share” programs that pay partial unemployment benefits when employers need to reduce workers’ hours. The idea has gone nowhere with Indiana lawmakers, but the next legislative session could be different.
Milhaus plans to add 250 workers through expansion
Milhaus, parent of several real estate-related companies, is best-known for its local apartment projects, including Artistry, Circa, Maxwell, Mozzo and Penn Circle.
PETERSON: Indiana, China inextricably linked
China matters very much to Indiana’s economy, and its significance will only grow.