IIB WEEK IN REVIEW: Indiana Limestone Plans to Close

2014-03-01T12:51:00Z IIB WEEK IN REVIEW: Indiana Limestone Plans to CloseGerry Dick Inside Indiana Business nwitimes.com
March 01, 2014 12:51 pm  • 

An iconic Indiana employer is shutting down. Indiana Limestone Co. has been in business for more than 100 years and has provided stone for high-profile structures including the Empire State Building and the Pentagon. In a notice to the state, the Oolitic-based company says the move will affect nearly 170 workers. The company filed for Chapter 11 bankruptcy protection a week ago.

Company Launches Potential Email Game Changer

A new technology company is launching an email app and plans to create up to 150 jobs in central Indiana by 2018. Gusto LLC was founded by former Overstock.com Inc. (Nasdaq: OSTK) and ChaCha Inc. executive Shawn Schwegman. It has developed an app designed to let users attach files and search email more easily.

Indiana Communities Top National Lists

An Indiana county and city are at the top of national lists spotlighting housing prices and quality of life. CNN Money ranks the City of Kokomo among the "Top 10 Most Affordable Small Cities" and Johnson County on its list of "Where The Middle Class Thrives."

Denbo Passes Away

Former state representative Jerry Denbo was laid to rest Thursday in French Lick. He died Monday morning and was considered a driving force behind the development of the French Lick Casino. Denbo was 63.

Fort Wayne Radio Stations Sold

Minnesota-based Adams Radio Group has reached an agreement to buy several radio stations in Fort Wayne. The deals with Oasis Radio Group and Summit Radio Group include six stations in the Allen County city.

Changes Set to Begin in 812 Area Code

State regulators are asking phone customers in the 812 area code to begin using a 10-digit phone number. The current 7-digit system will be phased out in September to prepare for a new 930 area code being implemented throughout much of southern Indiana.

Indiana Company Ships Massive Machine

A northern Indiana company is shipping a 300-ton machine overseas. The City of South Bend held a ceremony to celebrate the shipment of a Manufacturing Technology Inc. welding machine, which will travel on three tractor trailers to the Port of Baltimore on its way to an aerospace research center in the United Kingdom.

State Fair Alcohol Bill Awaits Pence's Pen

A bill to allow alcohol sales at the Indiana State Fair is headed to Governor Mike Pence's desk. Members of the House have voted to repeal the ban that has been in place for 67 years. State Fair officials believe the change could provide an initial revenue stream of $200,000. Opponents had argued alcohol sales could harm the event's family atmosphere. Executive Director Cindy Hoye made the case for beer and wine sales last month on Inside INdiana Business Television.

Tim Hortons Announces Fort Wayne Push

One of the most popular coffee shop chains in Canada is launching an ambitious expansion effort in the U.S., including Indiana. Tim Hortons Inc. (NYSE: THI) is planning 15 locations in the Fort Wayne area. It is part of an initiative to open approximately 300 U.S. restaurants by the end of 2018.

WellPoint Lets Former Interim CEO Go

Indianapolis-based WellPoint Inc. is parting ways with Chief Public Affairs Officer John Cannon. He served as chief executive officer on an interim basis prior to the hiring of current CEO Joe Swedish. WellPoint gave no cause for the termination.

Fair Trade Store Expanding to Ohio

Indianapolis-based not-for-profit fair trade store Global Gifts is opening its first out-of-state location. The organization will hold a grand opening next month for a Columbus, Ohio store. Global Gifts is marking its 25th anniversary and has two locations in Indianapolis and one in Bloomington.

Bell Aquaculture Plans Major Expansion

Jay County-based Bell Aquaculture is planning a $30 million expansion that could create 75 jobs. The project involves growing its fish feed mill and farming operations in east central Indiana. Chief Executive Officer Norman McCowan tells Inside INdiana Business plans also call for a nearly 60-acre aquaculture park that could serve as a hub for his company and others. He believes aquaculture could eventually become a $1 billion industry in the state.

Chancellors Pitch Campus Unification

The leaders of two Purdue University campuses are proposing a consolidation. Purdue University Calumet Chancellor Thomas Keon and Purdue University North Central Chancellor James Dworkin say the effort would preserve the two existing campuses and would 'unify' administrative and academic oversight functions. Dworkin tells Inside INdiana Business full-implementation could take "a couple of years." The proposal still needs board of trustees approval and a more detailed plan is expected to be unveiled later this year. Keon believes "amalgamating" resources will have benefits throughout the region. He envisions "two campuses and one university."

ConAgra Planning More Indiana Jobs

A global food company is planning to open a new operation in Frankfort. The ConAgra Foods Inc. (NYSE: CAG) distribution center is expected to create nearly 80 jobs by 2015 and include around 150 positions from a facility in Lebanon. Frankfort Mayor Chris McBarnes believes the city's location and new Ivy Tech Community College campus helped attract ConAgra. The company already has approximately 1,150 employees in Indiana. McBarnes says he wants Frankfort to be the city that "feeds the state and feeds the world."

Simon Reveals Name, CEO of Spinoff

Indianapolis-based Simon Property Group Inc. has announced the name and chief executive officer of its new independent, publicly-traded real estate investment trust. Washington Prime Group Inc. will be led by Mark Ordan, who will oversee nearly 100 strip centers and smaller enclosed malls throughout the country.

Marion Airport Set For Millions in Upgrades

The Marion Board of Airport Commissioners has approved a five-year, $8 million capital improvement plan. Upgrades to the Marion Municipal Airport will include a new taxiway and the addition of a hangar. The airport says plans for 2018 and 2019 include a snow removal equipment building as well as additional roadway and taxiway rehabilitation projects.

Evansville Sets Date For Downtown Hotel Groundbreaking

Groundbreaking for a $71 million economic development project in downtown Evansville is set for March 10. Evansville Mayor Lloyd Winnecke says it's another important milestone for the 257-room Convention Center Hotel by DoubleTree and residential apartment project. Evansville's mayor says the hotell will put the city back on the map for convention business.

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

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