T2 Systems loses tax break over technicality
The software developer moved across town to a new address in 2012, which nullified its agreement with the city—although it's still on track to meet its goals for new investment and hiring.
Economic Development
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IBJ rolls out politics website
The central Indiana business news authority has elevated the idea behind its popular Forefront section and created a website similarly focused on commentary about politics, policy and government.
Clock ticking on Natatorium decision, Olympic trial hangs in balance
Indiana University officials may need to unveil a plan to upgrade and operate the IUPUI Natatorium by Dec. 10 if Indianapolis is going to have a shot to host an Olympic trial in 2016.
Startup bakery seeking tax breaks on $78M project
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
Review recommends stronger oversight of state contractor
An independent review of Elevate Ventures found the state contractor needs more oversight even though it is "substantially compliant with its investment and operational requirements,” Indiana Gov. Mike Pence's office said Friday.
Reagan’s supply-side guru to address accountants in Indy
Arthur Laffer is reviled by the big-government crowd for blaming high tax rates for slow economic growth. He’ll discuss his cautionary tale for states while in Indianapolis next week.
Redevelopment commission for Carmel in turmoil
The city's big-spending redevelopment commission, which helped fund some of Carmel's most ambitious projects, now is facing a tight budget, a staff exodus and brow-raising audit.
Purdue makes big push into state’s pharma industry
With a $60 million-plus investment, the university aims to take molecules from discovery to clinical trials.
Strategist: Get ready for steady economic growth
Businesses will begin using their profits and horded cash to reinvest in themselves in 2014, helping push economic growth back to a more comfortable 2.5 percent, according to John Augustine, chief market strategist for Fifth Third Bank.
Global group lauds Indy’s cricket venue during tour
The International Cricket Council president says the $6 million World Sports Park is enhancing Indianapolis' global reputation even before it opens.
Illinois manufacturer to move headquarters to Indiana
Tec Air Inc. plans to transfer its current workforce of about 150 employees to its new headquarters and hire about 100 more by 2016.
Indiana working poor highlighted in pair of studies
The Kaiser Family Foundation found that 182,000 residents fall into a health insurance coverage GAP, and a jobs study found almost half of Indiana’s fast food workers are also receiving public assistance.
Three cities seek grant to boost manufacturing
Three central Indiana cities that once had thousands of auto workers have joined together in seeking a $20 million federal grant to help attract new businesses to their empty factories.
Indy pitches in to continue Amtrak line to Chicago
Communities on Amtrak's Hoosier State line from Indianapolis to Chicago will help continue the service for at least a year.
Firm plans $16 million revival of Kokomo plant
A maker of porcelain products plans to invest $16 million to purchase, renovate and equip a vacant pottery production plant in Kokomo and create as many as 140 jobs by 2014.
Pacers land IEDC as court sponsor
The Indiana Pacers have brokered a deal with an unusual sponsor—the Indiana Economic Development Corp.—to become the first of 30 National Basketball Association teams to sell courtside ads emblazoned on the hardwood.
Auto parts maker shifting work from Michigan to Indiana
Quebec-based Exo-s US says it will spend nearly $7 million on the factory in the LaGrange County town of Howe. It expects to open the factory next year and hire up to 250 workers by 2016.
Two manufacturers target Indiana city for expansion
The Indiana Economic Development Corp. announced two economic development deals Tuesday morning that will bring more than 200 jobs to Whitley County in northern Indiana.
End of major state highway project could mark start of growth
The almost-completed $383 million State Road 25 Hoosier Heartland Highway Corridor project is expected to create economic development opportunities from West Lafayette to Fort Wayne.
UPDATE: Cabinet company to hire 309 in Connersville
A cabinet company announced Friday that it will hire more than 300 people over five years at a vacant former auto parts plant in eastern Indiana.