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.
Economic Development
Articles
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.
Medical software firm plans to expand, add 25 jobs
Indianapolis-based RND Group Inc. said it plans to spend $1.3 million to update and equip its 13,510-square-foot headquarters. The company has 27 employees.
Tourism generated $4B for city last year, study says
A study released Thursday says the tourism industry in Indianapolis had an economic impact of nearly $4 billion in 2011, a 10-percent increase from the previous year.
Study: Motorsports industry contributes 23,000 jobs
Purdue University says jobs created by the racing sector in Indiana pay an average annual wage of nearly $63,000, well above the $39,700 state average.
Indiana county giving $50 million boost to food company
The Wayne County Council on Wednesday approved a $50 million bond issue as part of Sugar Creek Packing Co.’s plans to expand and refurbish the former Really Cool Foods plant near Cambridge City.
Manufacturer of pet supplies adding 80 jobs in Indiana
Rockville-based Scott Pet Products Inc. announced Tuesday morning that it plans to relocate its manufacturing and distribution operations in Tishomingo, Okla., to Newport in western Indiana, creating up to 80 jobs by 2014.
Cancer treatment firm adding 27 jobs in Indianapolis
A North Carolina-based maker of cancer-fighting ultrasound machines plans to create 27 jobs paying an average of $36 an hour at its Indianapolis facility over the next three years.