IIB WEEK IN REVIEW: Air show to take off again

2013-11-22T14:16:00Z 2013-11-22T17:31:10Z IIB WEEK IN REVIEW: Air show to take off againGerry Dick Inside Indiana Business nwitimes.com
November 22, 2013 2:16 pm  • 

Air Show to Take Off Again

A new destination will serve as host to the 2014 South Shore Air Show. After a one-year hiatus, the event will return next year at Fair Oaks Farms. South Shore Convention and Visitors Authority Chief Executive Officer Speros Batistatos says the new location will allow the show to bring in admission and parking revenues and open it up more potential attendees. The event used to be held in Gary and was cancelled this past summer due to federal spending cuts. Batistatos believes Fair Oaks Farms will be an ideal partner for the show.

East Chicago Project Scores Multi-Million Dollar Match

A major redevelopment project in East Chicago has landed a $17 million boost from the Northwest Indiana Regional Development Authority. The matching funds will support the first phase of the Lake County city's Waterfront Revitalization Initiative. Plans include beach and marina upgrades, road improvements and vacant house demolitions. Northwest Indiana Regional Development Authority Executive Director Bill Hanna says similar projects have sparked economic growth in other areas.

Good Pay. Good Benefits. No Workers!

A central Indiana plumbing company is offering free training and other perks, but still finds it challenging to find workers. Indianapolis-based Hope Plumbing Owner Jack Hope says his company will pay for a training program and once completed plumbers could be making up to $50,000 per year. His company also provides a take-home vehicle and cell phone. During an appearance on Inside INdiana Business Television, Hope says a perception issue is preventing his company and others in the traditional trades from finding enough qualified workers.

State to Open Kokomo Bypass

A ribbon cutting is set for Tuesday to open a new $155 million section of U.S. 31 in Howard County. The long-awaited 13-mile bypass around Kokomo includes six new interchanges and is an alternative to old U.S. 31, which has 15 intersections and traffic signals.

IMS Road Course Project Complete

The Indianapolis Motor Speedway says a $5 million project to reconfigure its existing road course for the inaugural Grand Prix of Indianapolis is complete. The Speedway says the new layout will allow for more passing and competitive racing.

New Indy Restaurants Make National List

Two Indianapolis eateries are on this year's Urbanspoon list of the top new restaurants in the U.S. The mobile restaurant application company says the compilation is based on the most viewed, reviewed and liked locations to open in 2013. Delicia and Taste of Havana are on the list.

Biosciences Research Institute Hits Goal

The planned Indiana Biosciences Research Institute has hit its start-up funding goal of $50 million in less than six months. Corporate and philanthropic sources have pledged $25 million for the institute, matching $25 million approved by the Indiana General Assembly. The private sector contributions include $7.5 million from Eli Lilly and Co. (NYSE: LLY) and $4.5 million from Roche Diagnostics. In a Studio(i) interview, Lilly Vice President of Corporate Business Development Darren Carroll says Indiana is uniquely positioned to create the institute. Officials say the funding will aid in the ongoing search for a chief executive officer and a site for the center, which is billed as the first industry-led biosciences research institute. The total price tag for the institute has been pegged at more than $360 million.

State Will Not Order Insurance Reinstatement

The Indiana Department of Insurance says it will not follow President Obama's suggestion to order insurance companies in the state to reinstate cancelled health care policies. Commissioner Stephen Robertson says the short notice would "seriously destabilize" Indiana's insurance market.

Highlander Hybrid Debuts in L.A.

A new Indiana-made vehicle is hitting the global spotlight this week at the 2013 Los Angeles Auto Show. Toyota Motor Manufacturing Indiana Inc. is expecting strong demand for the 2014 Toyota Highlander Hybrid, which will be made in Princeton. Production is set to ramp up in December, with the vehicle available in dealerships in February. The automaker has added approximately 600 jobs in Princeton as part of a more than $400 million investment announced in 2012. External Affairs Manager Kelly Dillon says there is still room for growth if strong demand continues.

Tippecanoe County Touts Record Activity

Economic development leaders in Tippecanoe County are calling 2013 a record-breaking year. Greater Lafayette Commerce, along with county, West Lafayette and Lafayette officials report dozens of projects could have a nearly $4 billion economic impact.

County EDC Leader: 2013 'Slowest' in Memory

The president of the Economic Development Group of Wabash County says attraction efforts "remain on life support." Bill Konyha says leads on new businesses during the past year have been "almost non-existent" compared to 2012. He says concerns about the national economy, Affordable Care Act and debt ceiling are having a chilling effect in his area and throughout the state. Konyha tells Inside INdiana Business others share his sentiments.

AT&T Hiring in Indiana

AT&T Inc. says it is filling dozens of positions in Indiana, including nearly 30 new jobs. The company says continued investment in the state is leading to technician, retail and corporate support openings.

Indiana Part of $17 Million Google Settlement

Indiana will receive more than $350,000 as part of a multi-state settlement with Google Inc. (Nasdaq: GOOG). Attorney General Greg Zoeller says the company is accused of overriding an Internet browser's security settings to collect user information.

State Announces 'Best of Indiana' Fall Winners

The Indiana Office of Tourism Development has named winners of its 2013 Best of Indiana Fall competition. Top honors are in categories including signature food, family destination and college football game day tradition.

Budget Committee OKs Funds

The State Budget Committee has approved more than $266 million in funding requests. The nearly two dozen projects involve university renovations, prison improvements and hospital upgrades. They include $79 million to build the Active Learning Center and $70 million to expand the College of Engineering at Purdue University's West Lafayette campus and $22 million for renovations to Helmke Library and Kettler Hall at IPFW. Indiana State University's requests totals more than $20 million to transform Normal Hall into the Center for Student Success and relocation of track and field facilities.

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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