IIB WEEK IN REVIEW: Fertilizer plant 'building momentum' in Posey County

2013-10-12T16:44:00Z IIB WEEK IN REVIEW: Fertilizer plant 'building momentum' in Posey CountyGerry Dick Inside Indiana Business nwitimes.com
October 12, 2013 4:44 pm  • 

The company behind a proposed massive fertilizer plant in southwest Indiana has signed a letter of acceptance to move forward with county incentives. If approved, the Midwest Fertilizer Corp. facility would create 2,500 construction jobs and 200 permanent positions. Posey County Economic Development Partnership Executive Director John Taylor says the project would likely lead to other business, including maintenance and trucking companies. The state withdrew support for the proposal earlier this year. Taylor says he would prefer state support, but is comfortable moving ahead on the project without it.

 

Beer Booming in Indiana

Indiana's emerging craft beer industry is showing no signs of slowing down. The Brewers Guild of Indiana says there are nearly 70 craft breweries in the state, compared to 30 in 2011. Revenues have grown from roughly $1.5 million in 2009 to a projected $6.2 million this year. Barnaby Struve from Munster-based Three Floyds Brewing Co. and Clay Robinson of Indianapolis-based Sun King Brewing Co. discuss some of the reasons for the success during this weekend's special edition of Inside INdiana Business Television focusing on the business of craft beer.

 

Pence Appoints Transportation Panel Co-Chairs

Governor Mike Pence has announced a Blue Ribbon Panel to deal with transportation infrastructure in the state. It will be co-chaired by Lieutenant Governor Sue Ellspermann and Langham Logistics President Cathy Langham.

 

Hoosier Treats to be in 'Dumb and Dumber To'

Cupcakes from a soon-to-be-open Indianapolis bakery could be featured on the biggest stage in entertainment. The Cake Bake Shop Owner Gwendolyn Rogers is scheduled to fly to Georgia next week to make treats for scenes in the Sequel to "Dumb and Dumber." Plans call for a dream sequence featuring Jim Carrey as Lloyd Christmas eating and throwing Rogers' mini-cupcakes across the room during a fight scene. Rogers says she will also be part of the production near the end of next month to bake for the movie's final scene. The store is set to open next April.

 

Huge Bridge Festival Begins

More than one million visitors are expected for what organizers call Indiana's largest festival. The Parke County Covered Bridge Festival is in its 57th year, and has expanded from a three-day weekend to a 10-day event. It runs through October 20. Parke County Inc. Executive Director Cathy Harkrider tells our partners at Network Indiana/WIBC some of the area's bridges date back to the 1800s.

 

Two Restaurants Noted For 'Cheap Eats'

A national dining website's Best Cheap Eats in the U.S. list includes two restaurants in central Indiana. It features more than 80 eateries in Urbanspoon's top markets. Yats Cajun Creole Restaurant and Maxine's Chicken and Waffles, both in Indianapolis, are among the 2013 class.

 

Program Building Manufacturing Skills

Ivy Tech Community College is partnering with Conexus Indiana to grow an effort that provides manufacturing and logistics training at high schools throughout the state. The Hire Technology program allows students to earn industry certifications while preparing to enter the work force or post-secondary programs. In a Studio(i) interview, Senior Vice President For Program Analysis and Engagement Jeff Terp says the initiative has grown to nearly 40 schools.

 

Foundation: Indiana Among 'Best States For Business'

The Washington, D.C.-based Tax Foundation's list of the best states for business includes Indiana. The rankings are based on how each state's tax code benefits its business climate. Indiana is 10th.

 

Snack Company Assets up For Auction

A former Fort Wayne Olde York Potato Chips factory will be sold at auction this month. Key Auctioneers says the sale includes snack lines, trailers and a wastewater system.

 

Expansion to Boost Ortho Incubator

The head of a northeast Indiana medical device manufacturer says this week's expansion announcement will lead to further benefits by raising the profile of an in-house incubator. Micropulse Inc. Chief Executive Officer Brian Emerick says the Columbia City-based company's Orthovation Center has been a "great launchpad" for startup orthopedic companies. He says the incubator, which provides space, accounting and technical support, has created new customers for Micropulse. The company announced this week it would invest $14.3 million into the expansion and create up to 100 jobs by 2016.

 

Manufacturer Plans 250 Jobs in LaGrange County

A Canada-based auto supplier plans to move operations from Michigan to LaGrange County. Exo-US LLC says it will create up to 250 jobs in Howe by 2016. The company plans to invest nearly $7 million in the project. The Indiana Economic Development Corp. offered Exo-s US, LLC up to $2.75 million in conditional tax credits and up to $225,000 in training grants based on the company's job creation plans.

 

Former Lilly Workers Accused of Trade Secret Theft

Indianapolis-based Eli Lilly and Co. says it is "appalled and very disappointed" with the crimes allegedly committed by two former employees. The federal government has arrested the ex-workers and charged them with theft of trade secrets and conspiracy to commit theft of trade secrets. Senior Vice President and General Counsel Michael Harrington says the accusations are very serious, but do not " significantly jeopardize our overall research and development pipeline." A federal indictment has been unsealed in the case. It suggests that Lilly believes the alleged theft has cost the company more than $55 million.

 

Indy Super Bowl Effort Still Alive

With the first major hurdle cleared, the effort in Indianapolis to land the 2018 Super Bowl will now focus on a bid presentation. Local bid committee Vice Chair Dave Lewis told Inside INdiana Business earlier this year, the initiative will likely need around $30 million in corporate support, up from $25 million raised for the 2012 game. The NFL has selected Indianapolis, Minneapolis and New Orleans as finalists for 2018. The winning city will be picked during league meetings in May.

 

State, Schools File Affordable Care Act Lawsuit

The state of Indiana and 15 public school corporations are suing several federal agencies, including the Internal Revenue Service, over a portion of the Affordable Care Act. The suit says penalties on employers who do not provide all full-time workers with minimum-value health insurance would cause "catastrophic financial consequences" for the state's public schools. The legal action claims many corporations have been compelled to reduce hours of some employees to avoid the penalties.

 

For more Inside Indiana Business, visit insideindianabusiness.com.

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