A Greenwood-based manufacturing startup is requesting tax abatement from the city on plans that could create jobs. Midwest Purification LLC wants to invest $6 million into establishing a production facility and hire up to 50 employees within three years. The company would make water filters for refrigerators.
National TV to Play up Indiana Toy Store
An independent toy store in eastern Indiana will soon return to the national spotlight. A crew from NBC's TODAY show will make another visit next week to Veach's Toy Station in Richmond. As part of a revitalization project launched by the program, the store has received advice and assistance with building improvements and marketing plans. The store is celebrating 75 years in business and says crews have already made strides on several upgrades. The segment isn't expected to air until next month, but Shari has already noticed additional interest in the store.
Notre Dame Grad to be Made Cardinal
A University of Notre Dame graduate has been named cardinal by Pope Francis. Kelvin Edward Felix will officially take on the new role after a ceremony set for next month at Saint Peter's Basilica in Rome. He currently serves as emeritus archbishop of Castries, Saint Lucia.
Commercial Real Estate Rebound Continues
Improvements in lending conditions and the housing market may be sparking commercial real estate's post-recession rebound in Indiana. Cassidy Turley Vice President Jason Tolliver says all indicators "are pointing in the right direction." He says the industrial market is experiencing "dramatically" improved demand, especially in northwest Indiana, and expects the office sector to "continue to accelerate" this year. In an interview to air this weekend on Inside INdiana Business Television, Tolliver and Senior Managing Director Bill French discuss Cassidy Turley's annual State of Real Estate report.
Pence Delivers Second State of The State
Governor Mike Pence has used his second State of the State address to renew his call to phase out the business personal property tax. He says a similar tax is not on the books in Ohio and Illinois and lawmakers in Michigan have decided to phase it out. Pence is also calling for public and private to investment for quality of life initiatives and $400 million "for the next era of highway expansion." The governor is also urging legislators to decide on a proposed constitutional amendment to define marriage by the end of the year. Additionally, Pence used the speech to push for more school choice and cooperation to deal with education issues.
Craft Stores Closing
A national scrapbooking chain is planning to shut down two Indiana locations. In a notice to the state, Minnesota-based Archiver's says it is closing all stores throughout the country. The two stores in the state are on the north and south sides of Indianapolis. The closures are expected to take place next month and will affect more than 20 workers.
J.C. Penney Shutting Down Indiana Stores
Texas-based J. C. Penney Co. Inc. is closing two Indiana stores as the struggling retailer continues to cut costs. The Indiana locations are on a list of 33 throughout the country that will shut down. The company says the closings should save around $65 million a year. The closings are expected to be complete in May and include locations at the Five Points Mall in Marion and the Marketplace Shopping Center in Warsaw.
State Announces School Accountability Grades
The Indiana Department of Education has released statewide school corporations accountability grades. Nearly 180 districts in Indiana received an "A" or "B" during 2013 and more than 120 were graded "C" or lower.
'Parks And Rec' to Feature More Hoosier Flavor
An upcoming episode of NBC's "Parks and Recreation" will feature a meal from a Clay County farm. U-Relish Farm owner Cara Dafforn says word of national exposure for its "Pawnee Chickpeas" has already doubled sales to retailers. She says the show's producers contacted her after shooting an episode last year in Indianapolis. The small business sells pre-packaged, slow-cooker meals at the Indianapolis City Market and local grocers. Dafforn believes a deal with NBC could be a catalyst for statewide distribution. The episode is set to air next week.
State Announces EDGE Awards
The Indiana Small Business Development Center is honoring 20 companies for their entrepreneurial contributions. Winners of Economic Development through Growth and Entrepreneurship Awards include a southern Indiana zipline business, a fitness center in Muncie, a Bedford-based film production company and a South Bend child care center. The ISBDC says the winning companies represent more than 300 full-time jobs in the state.
Entrepreneur Focusing on Food Experience
The new owner of a well-known Hancock County drive-in is planning to relaunch it as a new model for locally-sourced restaurants. The Frosty Mug in Greenfield was recently purchased at a sheriff's auction by Tyner Pond Farm Chief Executive Officer Chris Baggott, who is also a co-founder of Indianapolis-based ExactTarget and Husk LLC in Greenfield. Husk produces and distributes Indiana-grown produce year-round. The new restaurant hopes to bring locally-sourced burgers and pulled pork sandwiches from "farm to curb." He tells Inside INdiana Business the concept is part of a larger plan.
Wabash National Shuffles Executives
Lafayette-based Wabash National Corp. has announced changes to several top leadership positions. The appointments include the promotion of acting Chief Financial Officer Jeff Taylor to senior vice president and CFO as well as naming four vice presidents.
Farm Show Back in Fort Wayne Spotlight
Organizers expect nearly 40,000 people to attend the 25th annual Fort Wayne Farm Show beginning Tuesday at the Allen County War Memorial Coliseum. Show Director Fred Cline believes the event will pump millions of dollars into the area economy. He says this year's show will feature more than 950 booths and a potential expansion of the coliseum could allow for more in the future. Cline believes the show will stay in the Allen County city for a long time.
Conexus Adds Board Members
Conexus Indiana has appointed three new members to its board of directors. They are Fort Wayne-based Brooks Construction Co. Inc. President Andrew Brooks, Columbus-based Cummins Inc. (NYSE: CMI) Chief Manufacturing Officer Stan Woszczynski and Purdue University Vice President of Public Affairs Julie Griffith.
Packaging Facility Set to Close
An international packaging company says it plans to close a longtime Indiana operation. ASG Worldwide intends to shut down its facility in Indianapolis. The move affects more than 200 workers. ASG plans to begin letting employees go mid-March and be permanently closed about two weeks later.
Canterbury Owners Unveil New Name
A historic hotel in downtown Indianapolis is undergoing a major rebranding. The Canterbury Hotel will be known as Le Méridien Indianapolis once a $9.5 million renovation is complete in November. Starwood Hotels & Resorts Inc. says the Paris-born brand already includes nearly 100 properties in more than 40 countries.
State Releases Illiana RFQ Details
The state has announced responses to the Request for Qualifications for development, design and operation of the planned Illiana Expressway. The Indiana Finance Authority and Indiana Department of Transportation received proposals from six teams made up of a total of five dozen firms.