Software firm Salesvue secures $3M in venture capital
The Indianapolis-based firm expect to boost its employment by 50 percent by the end of the year as it expands its sales and marketing nationally.
Manufacturing
Articles
Indiana plant closing could cost 120 jobs
Citing poor economic conditions, ATI Casting Services plans to shut down its metal-casting factory by the end of June.
Pork packer planning to produce 98 positions at Indiana plant
Indiana Packers Corp., which makes Indiana Kitchen bacon, said it will spend $2.3 million on a 56,500-square-foot facility on 5.9 acres about 45 miles from Indianapolis.
Calumet may cut debt ratio without lower borrowings, CFO says
Indianapolis-based Calumet Specialty Products Partners LP plans to lower its leverage by increasing earnings rather than cutting debt that is rising by 35.6 percent this month.
Chatham Tap crew buying ex-church for brewery, restaurant
The owners of two popular pubs on Massachusetts Avenue are delving into the trendy micro-brewery business with plans for a brewery and restaurant in a historic former church a few blocks away.
Beck’s Hybrids prospers against far bigger firms
When Lawrence and Francis Beck planted six acres of hybrid corn on their Hamilton County farm almost eight decades ago, the father and son sowed the seeds of a family business that’s still growing despite widespread industry consolidation.
Subaru awaiting Toyota’s decision about output in Indiana
Subaru, which added more U.S. market share than any international carmaker last year, is pushing ahead with U.S. expansion plans as it awaits a Toyota’s decision on whether it will keep building Camrys at Subaru’s Indiana plant.
Another printing plant to close, laying off 59
The move to end operations at the plant for medical packaging is just the latest in the continuing reshuffling of printing facilities in Indiana.
Driver shortage causes backlog of RV deliveries
The Recreation Vehicle Industry Association estimates 25,000 to 30,000 RVs are awaiting delivery because about 2,000 drivers are needed.
Chrysler set to celebrate Indiana factory’s opening
Chrysler expects to have up to 850 workers at the Tipton factory, with a goal of it producing 400,000 transmissions by year’s end.
Local businesses struggle to make sense of Heartbleed flaw
Companies around Indianapolis—especially small ones without their own IT teams—are still trying to determine how or even if they were affected by the confounding Internet security gap.
TinderBox woos executive away from Groupon
It’s a return to the city for David Kerr, who in the early 2000s ran Indianapolis software firm NoInk Communications alongside TinderBox cofounder and CEO Dustin Sapp.
Florida rival scoops up another ex-BrightPoint executive
A competitor that once feuded in court with BrightPoint Inc. over the recruitment of executives has hired another top officer from the mobile-phone distribution and logistics company now known as Ingram Micro Mobility.
IU research-to-market center plans move to Wishard
The Indiana University Research and Technology Corp. wants to sell its existing Innovation Center building in downtown Indianapolis and move into the former Wishard Memorial Hospital on the edge of the IUPUI campus.
Sweetener-maker Heartland to add up to 160 jobs
The Carmel-based company said it will invest $21.2 million to renovate and equip its 130,000-square-foot manufacturing facility on Indianapolis' north side.
Cabinet maker plans to hire 262 workers
Jasper-based MasterBrand Cabinets Inc. expects to boost the work force and capacity at its Ferdinand operations, which already employ 1,500.
Option grant lifts compensation for Angie’s List’s Oesterle
Stock options accounted for the biggest chunk of the CEO’s compensation. Their value will depend on the company’s future stock performance.
San Francisco route off to flying start
Indianapolis business travelers pay a premium to shave a few hours and a lot of hassle off their trips to Silicon Valley, and they appear eager to do so. A new nonstop route between Indianapolis International Airport and San Francisco was about three-quarters sold in January and February, the two slowest months for air travel.
Bloomington brewer taps Indy ad firm, French designer to recast beer labels
Upland recently hired Indianapolis ad agency Young & Laramore to help streamline and unify its varied packaging themes.
Toyota, GM recalls push U.S. to near-record pace
So far this year, automakers have recalled about 9 million vehicles in the U.S. If that pace continues, the nation would break the record of 30.8 million recalled vehicles set in 2004.