U.S. unemployment rate remains at 7.8 percent
U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff.
Economic Development
Articles
Celadon plans $5.2M driver training center, 182 new jobs
Indianapolis-based trucking carrier Celadon Group Inc. plans to build a $5.25 million driver-training center and add 182 workers to its 633-employee local work force by 2016.
Daniels fell short on lifting incomes
As Gov. Mitch Daniels leaves office in January, there is debate about whether his policies of keeping taxes and spending low, while pursuing alternative strategies to improve roads and schools, have been the best way to help Indiana attract and create more high-wage, knowledge-based jobs.
Irvington groups save landmark from demolition
The former post office at Washington Street and Ritter Avenue once anchored a commercial hub in the historic neighborhood. About $400,000 in repairs are expected before the groups attempt to flip the property for a new use.
Carmel lawmaker wants transparency from IEDC
Sen. Mike Delph said he believes the economic development organization is intentionally misleading the public about the number of jobs that companies receiving incentives create.
State’s unemployment rate holds steady at 8 percent
Indiana shed 9,800 private-sector jobs in November, mainly due to losses in the construction industry, according to state officials.
U.S. economy grew at 3.1 percent in summer
Exports increased, consumers spent more and state and local governments added to growth for the first time in three years. But the economy is likely slowing in the current quarter.
Greater Indy chamber elects new leaders
John Thompson of First Electric Supply will lead the organization’s 120-member board.
Digital marketer Raidious to add up to 75 downtown jobs
The company, which currently has 20 Indianapolis employees, began its expansion this fall by leasing 2,800 square feet of office space in the Morrison Opera House, 47 S. Meridian St.
Johnson picked to succeed Miles as leader of CICP
BioCrossroads CEO David Johnson has been chosen president and CEO of the Central Indiana Corporate Partnership, succeeding Mark Miles, who is leaving the CICP after seven years to become CEO of Hulman & Co.
Skillman to lead southern Indiana development group
Lt. Gov. Becky Skillman is heading south after she leaves the Indiana Statehouse to lead an economic development group revolving around the Crane Naval Surface Warfare Center.
Chrysler plans 400 more jobs, $212M expansion in Kokomo
Chrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that could add more than 400 jobs.
Chrysler plans $162 million plant, 850 jobs in Tipton
Tipton officials approved a 10-year tax abatement worth $2.5 million to help the company launch production in a nearly 800,000-square-foot plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.
Carmel poised to gain HQ of new public company
Ingersoll-Rand PLC said it plans to spin off its commercial and residential security unit, which is headquartered in Carmel, into a separate public company. The security division has $2 billion in annual revenue and 1,300 employees in the Indianapolis area.
Chrysler seeks tax incentives on Kokomo plant
Chrysler Group LLC is seeking tax incentives for its transmission plant in Kokomo at the same time it's asking Tipton County officials for similar incentives on a vacant plant.
Signs suggest CICP will pick inside candidate to replace Miles
The Central Indiana Corporate Partnership might announce a successor to CEO Mark Miles as early as Dec. 18, just a month after Miles said he was leaving to become CEO of Hulman & Co.
IEDC seeks $30M fund to stoke life sciences firms
The Indiana Economic Development Corp. is looking to renew its commitment to life sciences by creating a $30 million venture fund. The amount dedicated to one sector would be equal to the state’s allocation for all high-tech startups over the past two years.
Yakey takes new role at Lilly Endowment
The Lilly Endowment has named former Indianapolis Economic Development Corp. president Wallace "Ace" Yakey Jr. as the vice president for community development, the Indianapolis grant maker announced Tuesday.
Indianapolis technology companies pledge 1,500 new jobs
Three fast-growing Indianapolis technology companies—Angie’s List, ExactTarget and BidPal—plan to add up to 1,500 jobs collectively over the next half-decade, officials announced Tuesday morning.
UPDATE: Chrysler may find use for vacant Tipton plant
The automaker has requested incentives to launch production in a nearly 800,000-square-foot plant that's been vacant since being built four years ago.