U.S. economy adds 195K jobs; unemployment rate steady
The job growth suggests a stronger economy and makes it more likely the Federal Reserve will slow its bond purchases before year’s end.
Economic Development
Articles
Hostess set to resume full production in Indy
Hostess Brands LLC wants to have its Indianapolis plant in full production by the end of next week, an executive said Wednesday. The company received a tax incentive agreement worth $536,000 from the city on Wednesday.
GM supplier plans opening factory near Fort Wayne
A Canadian-based General Motors supplier plans to open a new facility near Fort Wayne and hire up to 160 workers in the next few years.
Benefits firm to continue growth spurt, add 25 jobs
Nyhart Actuary & Employee Benefits plans to invest $840,000 to lease and equip an expansion of its Indianapolis headquarters, and already has started hiring.
Powerball sales drive Hoosier Lottery revenue to record high
The state lottery expects to pull in $945 million for the fiscal year ending June 30. Meanwhile, lottery operator GTECH Indiana plans to start televising Powerball and Mega Millions drawings this summer.
City to review tax breaks for five tech firms
The biotech and technology companies could see their Marion County tax abatements reduced or cancelled if officials decide they didn’t fulfill promises on new investment and hiring.
Posey County backs bonds for $1.3B fertilizer plant
A southwestern Indiana county is issuing $1.3 billion in bonds for a fertilizer plant being developed by a Pakistan-based group after Gov. Mike Pence pulled state support.
Indy-based 3D printer lands incentives for expansion
3D Parts Manufacturing LLC plans to invest $6 million to lease and equip 25,000 square feet of operations space and hire 65 workers by 2018.
New Hostess owners want abatement for equipment
The new owners of Hostess Brands are seeking a tax abatement to support investment of $10 million in new equipment for a plant on the east side that could employ up to 145 people.
Japanese auto supplier adding 103 jobs in Columbus
Sunright America, a maker of nuts, bolts and specialty fasteners, plans to invest $35 million to build and equip two additional facilities on its 33-acre campus.
Greenwood sues over failed pharmaceutical facility
Greenwood Mayor Mark Myers says city officials had tried for months to help with talks with possible investors for Elona Biotechnologies, without any progress.
IDI’s Velocity project plumbs urban neighborhoods
The strategic planning project is holding a series of neighborhood roundtable meetings this month in hopes of having final recommendations for the future of downtown by the end of the year.
Bio-Response expanding in Hendricks County
Wastewater equipment maker is moving to a Danville business park to build a $1.1 million facility.
Manufacturer plans $30.2M expansion in Franklin
NSK Corp. and NSK Precision America Inc. said the project will allow them to hire 46 additional workers by 2016 at their 63-acre corporate campus.
IDI seeking input for strategy
Velocity, the downtown strategic planning project launched by Indianapolis Downtown Inc., is holding a series of neighborhood roundtable meetings in June to gather input about the future of downtown and surrounding neighborhoods.
Indiana county pushes ahead with fertilizer plant
The Pakistan-based developers of a fertilizer plant have won a southwestern Indiana county's initial approval for the project, weeks after the state pulled its support.
Miller Pipeline plans $5.3M expansion, more jobs
The Indianapolis-based subsidiary of Vectren Corp. plans to construct a 52,000-square-foot building at its 34-acre corporate campus at 8850 Crawfordsville Road.
IEDC rolling out $1M diversity investment fund
Fund managers will seek to invest in companies owned by minorities, women and veterans that have sustainable competitive advantages, scalable business models and the potential for meaningful job creation.
Former Indy Chamber prez scores consulting work
Scott Miller, who resigned from the chamber post after less than two years to follow his entrepreneurial bent, will help two local startups get off the ground.
INDOT memo strips information in public tug-of-war
By one stroke this year, Indiana lawmakers and the new governor vastly improved the public's ability to find out how the show is run at the Statehouse, while in another, top managers at the Indiana Department of Transportation quietly clamped down on what's available.