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.
Economic Development
Articles
Fourth quarter economic growth rate revised much lower
The U.S. economy grew at a 2.4-percent annual rate last quarter, sharply less than first thought, in part because consumers didn't spend as much as initially estimated. For all of 2013, the economy grew at a lackluster 1.9 percent.
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.
Chamber recommends IPS explore selling real estate
Indianapolis Public Schools should immediately consider selling five of its buildings and work with IndyGo to transport students, according to a study by the Indianapolis Chamber of Commerce.
Indy Eleven says new stadium crucial for long-term success
The Indy Eleven won’t play its first game for nearly seven weeks. But officials with the North American Soccer League franchise say there’s already an urgent need to plow ahead with building the team an $87 million stadium.
Mayor wants to lure high-earners to boost income-tax base
Mayor Greg Ballard’s chief deputy has spent the past six months telling community and business leaders that the city simply cannot cut its way out of its revenue problems; it also needs to attract more people to live within city boundaries so they will pay their income tax to Indianapolis.
Fishers’ mayoral candidates disagree on best growth strategy
The six Republicans vying to be Fishers’ first mayor fall into two camps on the key issue of growth: those who support recent efforts to spur business activity downtown, and those who advocate a more hands-off approach.
Dunham’s $30M expansion in Marion to create 135 jobs
The sporting good retailer, which has more than 200 stores in 17 states, will consolidate distribution into a new, 735,000-square-foot building.
Ballard invites British royal couple to visit Indy’s World Sports Park
Mayor Greg Ballard reached out through the British Consulate to invite Prince William and Kate Middleton to visit the Indianapolis World Sports Park this summer. He is promising to invite other international dignitaries.
Manufacturer plans expansions at two Indiana plants
Shiloh Die Cast Midwest LLC plans to expand two of its plants in northeast Indiana, leading to 145 new jobs by 2018, the company announced Monday night.
Experts see limits to state’s low-tax strategy
Thanks to a concerted effort to lower taxes and government spending, Indiana ousted Texas this year in the Tax Foundation’s annual ranking of business tax climates. Indiana now holds the No. 10 spot and could rise higher by eliminating the business personal property tax, an equipment tax that experts say deters investment.
Weaver Popcorn picks Whitestown for new HQ, production line
The firm plans to move its headquarters from Noblesville to the AllPoints at Anson development in Whitestown, where it expects to spend $18 million to add a production line and 40 jobs.
Auto supplier plans 220-worker plant in Indiana
Switzerland-based Autoneum Holding AG said it will lease 300,000 square feet on a 23-acre site at the River Ridge Commerce Center in Jeffersonville.
City committee again delays vote on MSA tower’s financing
Members of the Metropolitan and Economic Development Committee said they needed more information on Flaherty & Collins’ proposed $81 million high-rise project on the former Market Square Arena site.
Indy Eleven takes big gamble with stadium finance plan
By asking for tax money to help finance an $87 million, 18,500-seat venue, soccer team owner Ersal Ozdemir is gambling with one of his franchise's most valuable assets.
Education group plans local expansion, 30 jobs
Project Lead the Way Inc., a not-for-profit education group that moved its headquarters from New York to Indianapolis in late 2011, plans to spend $1.7 million to expand its headquarters at The Precedent Office Park.
Bill would create one-stop website for business owners
The bill specifies that the secretary of state’s office, and the departments of workforce development and revenue work together to develop and maintain the website.
IMF raises outlook for global, U.S. economies
The International Monetary Fund is slightly more optimistic about the global and U.S. economies this year than it was three months ago.
Upstart developer battles nursing home establishment
Mainstreet Property Group CEO Zeke Turner, the son of Republican state Rep. Eric Turner, is fighting a bill that would halt construction of nursing homes in Indiana.