Indiana grants aim to keep factories on cutting edge of technology
Manufacturing Readiness Grants launched last year as a pilot to stimulate private-sector investments in modernizing Indiana’s manufacturing sector.
Indiana Economic Development Corp.
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Beck’s opens world-class soybean tower in $62M expansion
The 10-story tower in northern Hamilton County is one of the largest soybean processing towers in the world, capable of processing three million bushels of soybeans annually, doubling Beck’s processing at the location.
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Innovatemap in midst of growth spurt, planning 15 hires and nearly $1M investment in HQ
The Indianapolis-based digital product agency plans to upgrade its Broad Ripple headquarters while enabling a hybrid model of in-person and remote collaboration.
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Toyota hiring 1,400, investing $803M to expand production at Indiana plant
Production of two new electric vehicles—one branded Toyota and the other in the Lexus line—is expected to begin in mid- to late 2023 at the plant in Princeton.
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Dinner at Governor’s Residence, $25M land purchase helped snag Elanco HQ
The state’s pitch to keep Elanco Animal Health Inc. in Indiana for the long term began with a dinner at the Governor’s Residence two years ago.
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Articles
Four local manufacturers score Manufacturing Readiness grants
More than $2.8 million has been awarded to 34 companies across the state in the fourth round of Indiana’s Manufacturing Readiness Grant program, the state announced Thursday morning.
Milwaukee tech startup moves to Indy, will add 68 jobs
Paxafe Inc., which recently moved into 700 square feet of office space at 55 Monument Circle, plans to hire data scientists, machine learning engineers, product managers, software engineers and customer operations representatives.
IEDC chief makes new hire for his leadership team
Indiana’s new Secretary of Commerce, Brad Chambers, is shaping his executive team, bringing in David Rosenberg as executive vice president of the Indiana Economic Development Corp.
Indianapolis-based Calumet to invest $2.7M in recently-acquired wax maker
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.
Software consulting firm to add 60 jobs, invest $2.7M in Carmel office
Leaf Software Solutions Inc. said the revamp of the 18,000-square-foot space at 14300 Clay Terrace Blvd. will help it meet an increased demand for its custom software products and financial software services.
Indy trucking company to hire more than 90 new workers
Indianapolis-based Renewable Transport Services Inc. plans to add more than 90 jobs by the end of 2025 and invest $20 million to upgrade its southside facilities.
Regions form to apply for statewide economic grant program
More than 50 cities and counties across Indiana have partnered to form nine regions to apply for the state’s $500 million READI grant program.
Governor to lead business development trip to Qatar
Indiana’s delegation is scheduled to leave Indianapolis on Monday, July 5, and return Friday, July 9.
Milliman Inc. to add 95 jobs in Indianapolis
Seattle-based Milliman Inc., an international actuarial and consulting firm, announced Monday it will invest $6 million to lease and furnish more than 50,000 square feet in a downtown office building.
Italian manufacturer to build facility in Fishers, hire 230
Stevanato Group, a producer of syringes, vials and glass containers, announced Wednesday it will spend $145 million to build and equip a 370,000-square-foot facility in Fishers.
Incoming commerce secretary eyes ‘quality over quantity’ in economic development
Brad Chambers said he believes a “reevaluation of what the marketplace is doing” by the Indiana Economic Development Corp. will be a good thing—and a natural move for any agency or company when it changes leadership.
Nevada-based logistics firm to create nearly 200 jobs in Boone County
ITS Logistics LLC announced Tuesday that it plans to invest $11.8 million to establish its first Midwest location, in Whitestown.
Longtime developer Chambers named Indiana secretary of commerce
Brad Chambers, who founded Indianapolis-based powerhouse development firm Buckingham Cos. in 1984, will take his new position July 6. He’ll succeed Jim Schellinger, who stepped down abruptly in March after 5-1/2 years on the job.
New sports tech startup backed by IEDC
The Indiana Economic Development Corp. is backing the effort with a 21st Century Fund grant and expects the initiative to generate new investment and innovation opportunities for the state.
Orthodontics manufacturer to add 154 jobs in Johnson County
G&H Wire Company Inc. announced Friday that it plans to invest $3.3 million to lease and equip 55,000 square feet of new corporate office and manufacturing space in Franklin.
Food-packaging manufacturer plans $380M plant, 345-plus jobs in Indiana
The company, which stands to receive more than $6 million in state and local incentives, said it could expand its investment in central Indiana to $490 million and its hiring plans to 425 by 2025.
Milestone Business Solutions to add 40 jobs
The company, which operates remotely, said it also will spend $171,500 to establish a physical location in central Indiana in 2022 to help support its growing national customer base.
Wisconsin’s new deal with Foxconn lowers tax breaks by billions
Foxconn originally proposed a 20 million-square-foot manufacturing campus that would have been the largest investment in U.S. history for a new location by a foreign-based company, but those plans have been downsized significantly.
Brian Schutt: Indiana should be best place in U.S. to start a business
As Gov. Eric Holcomb looks to fill the shoes of departing Secretary of Commerce Jim Schellinger, he can forge a path for the Indiana Economic Development Corp. that focuses on fostering an entrepreneurial ecosystem that makes Indiana the best place to start a business in America.