Bloomington mayor to roll out chain-store ordinance for downtown
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
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SEC fines former CFO of American Commercial Lines
Christopher A. Black, a former investment banker in Indianapolis and former chief financial officer of Jeffersonville-based
river barge transportation firm American Commercial Lines Inc., has agreed to pay a $25,000 fine to settle a Securities and
Exchange Commission investigation.
Tipton County approves perks for mystery company
A central Indiana county is trying to attract an unidentified renewable energy company to take over a sprawling factory that
a Chrysler supplier stopped building last year.
Brown County worried about impact of Opry’s loss
Business owners in southern Indiana’s Brown County are worried about a loss of visitors following the fire that destroyed
the Little Nashville Opry concert hall.
Irwin Financial admits outlook dire
Shares of Irwin Financial Corp. plummeted this morning after the banking company disclosed that regulators have ordered it
to bolster its capital by the end of the month to levels “it has no realistic prospect of achieving.”
Nucor Steel struggling to strike new power deal with Duke Energy
After two years of fruitless negotiations, the Crawfordsville steel mill has asked the Indiana Utility Regulatory Commission
to intervene. More than 700 jobs depend on Nucor and Duke striking a deal.
Delaware County joins Central Indiana Regional Transportation Authority
Delaware County’s representative on the CIRTA board will be Marta Moody, executive director of
the Delaware-Muncie Plan Commission.
Delaware County latest to join public-transportation group
Delaware County has become the 10th county to join the Central Indiana Regional Transportation Authority, the quasi-governmental
organization announced today.
Cummins moving some operations to Mexico
A filtration division of Columbus-based Cummins Inc. will move a large portion of its North American assembly operations to
a plant in Mexico to keep the business competitive, the company said today.
Beverage firm to open Columbus plant
Tipton Mills, a New York specialty beverage company, announced today it will locate a plant in Columbus, Ind., creating
more than 40 jobs.
Rushville broadband firm plans 100 jobs
Rushville-based Omnicity Corp. said this morning that it plans to create 100 jobs there within the next three years by investing
$2.5 million in wireless infrastructure and a new corporate headquarters.
Carbon Motors files for $310 million loan
Carbon Motors yesterday filed for a $310 million federal loan to help it begin producing high-tech police cars in Connersville.
Muncie manufacturer Duffy calling it quits
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development
that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result
of the closure, Duffy said in its July 27 filing.
UPDATE: Carbon Motors chooses Indiana
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
Carbon Motors has chosen Indiana, official says
A rally this morning in Connersville originally intended to help persuade a police car manufacturer
to locate a major factory there appears to be a celebration party.
Boomtown on hold: Recession delays Honda’s full impact on Greensburg
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.
Bloomington wins recognition for being gay-friendly
A national newsmagazine for the gay and lesbian community has named Bloomington as its top U.S. small-town vacation destination.
Hospitals are mixed bag for rural economies
Around Indiana, hospitals continue to grow and add workers, increasing their role as an economic driver to the state’s economy.
But health care reformers say hospital growth has a double edge, as higher health care costs dampen growth prospects for other
Indiana employers and their workers.
Brown County tourism industry feuds over how to ward off a slump
Among those who stake their livelihood on tourism there is a sense that Brown County is at a crossroads. That dilemma is evident
in decisions about whether to refurbish aging hotel rooms, update restaurant decor or close shop for the off-season.
Land trusts find foothold in Indiana
In an effort to preserve Indiana woodlands , some property owners are transferring development rights to Central Indiana Land
Trust Inc., a not-for-profit environmental group. Owners can grant a so-called conservation easement in exchange for an impressive
array of tax benefits.