A Hancock County manufacturer appears to be part of a trend that is bringing production back to the United States. Fortville-based Genesis Plastics Welding says it is being approached by more customers who want products made in the U.S., as opposed to countries with traditionally cheaper labor like China. Chief Executive Officer Tom Ryder says those labor costs are becoming more comparable and there are fewer logistics and quality issues with American made items. He believes more companies are discovering more advantages to "onshoring," including fewer quality issues and less transportation time.
Craft Beer Innovations Continue
An Avon-based brewery is planning to launch innovative packaging options. Co-owner Monte Speicher says Cutters Brewing Co. will begin selling its more than five varieties in re-usable pouches this weekend and plans to offer self-pressurizing "party pig" mini-kegs next month. He says these innovations are small examples of the growing Indiana industry's efforts to "convert" mainstream beer brand drinkers to craft brews. Speicher tells Inside INdiana Business he doesn't believe growth in the state is near a tipping point.
Dannar CEO: Not Chasing 'ZIP Codes With Incentives'
A high-tech, mobile power station producer is bringing some ambitious plans to Indiana. DD Dannar LLC is leaving South Carolina and placing its headquarters and assembly operations in Muncie. The company specializes in what it describes as mobile power units. Dannar says it could potentially employ around 480 within five years and produce 1,000 units annually. Founder Gary Dannar will be a guest this weekend on Inside INdiana Business Television. He says the people of Muncie attracted him to the area.
State GOP Leadership Leaving Posts
The Indiana Republican Party is announcing the exit of several key executives. State Chairman Eric Holcomb is planning to leave next month to take over Indiana operations for Senator Dan Coats (R-IN), Executive Director Justin Garrett is heading to the private sector and Vice Chair Sandi Huddleston will step down once a new chair has been selected. Former Lieutenant Governor Becky Skillman, who serves as national committeewoman, is set to give up her role July 9.
State Names Stellar Communities
Lieutenant Governor Sue Ellspermann has announced Bedford and Richmond as Indiana's 2013 Stellar Communities. The cities will now be able to access millions of dollars in funding sources to support their long-term strategic plans. Both communities submitted nearly $20 million proposals. Bedford's plan focuses on downtown development and work force training. Richmond's proposal centers on quality of life improvements including senior housing and improved bike trails and Wi-Fi access. Ellspermann tells Inside INdiana Business the economic benefits of the Stellar Communities program reach beyond the winning cities.
Fertilizer Plant Moving Forward, Optimism Grows
The head of the Economic Development Coalition of Southwest Indiana says there is a "95 to 98 percent probability" a proposed multi-billion dollar Midwest Fertilizer Corp. plant in Posey County will become a reality. Greg Wathen says the Posey County Council and economic development commission approved re-issuing $1.3 billion in bonds to help finance the project. He believes, despite the state ending its participation over security concerns, public support for the plan in southwest Indiana is "quite strong." Wathen says the proposal has also received substantial international support.
Farm Bill Vote Brings Mixed Local Reaction
The Indiana Farm Bureau says it is disappointed the U.S. House of Representatives rejected a comprehensive farm bill it says contains "much-needed" risk management tools for farmers. Among the Indiana delegation, Marlin Stutzman (R-3), Andre Carson (D-7) and Pete Visclosky (D-1) voted against the legislation.
Pence Names IU Trustees
Governor Mike Pence has made multiple appointments to the Indiana University Board of Trustees. The selections include Pacers Sports and Entertainment President Jim Morris, former Eli Lilly and Co. (NYSE: LLY) Chief Executive Officer Randall Tobias and current Lilly Chief Financial Officer Derica Rice.
Parts Manufacturer Moving Production From China to Indy
A plastics and metal parts manufacturer is moving production from overseas to Indianapolis. 3D Parts Manufacturing LLC says it is part of a plan to expand operations in the city and add 65 jobs by the end of 2018. The company says it will invest $6 million in the project.
Senate Study Committee Assignments Announced
Indiana Senate President Pro Tem David Long has announced the assignments for this year's summer study committees. The groups will examine topics including Common Core State Standards and mass transit. Topics are assigned by the Legislative Council, comprised of eight House members and eight from the Senate.
Purdue Plans Another Innovation Resource
The Purdue Research Foundation is taking another step to increase innovation. The organization will open a facility in July designed to allow corporations to team with the school on research projects and provide resources to student entrepreneurs looking to establish a startup.
Pence Announces Agency Accountability Agenda
Governor Mike Pence has unveiled a performance management agenda for fiscal year 2014. He says the plan includes revised goals for state agencies and a performance-based budgeting system. Pence says his agenda calls for cabinet-level agency reserves in Fiscal Year 2014 to be tied to progress on revised key performance indicators.
Hoosier Entrepreneur Launches Social Network
An Indianapolis-developed social media platform is designed to link people with shared interests. LeadJen founder Jenny Vance says PlanSoon can connect with other online networks to provide information about users' hobbies. The site is currently available for members in the Indianapolis area, but the company plans to go national once additional funding is secured. Vance says it can also be used by universities and businesses to create connections not available through other forms of social media.
Duke Energy Looks to Boost Economic Development
The River Ridge Commerce Center in Jeffersonville and the East Side Industrial Park in Seymour are among five properties Duke Energy Indiana has chosen for a major industrial development initiative. The 2013 Site Readiness Program locations will receive consultation from a national firm and marketing assistance. Duke spokesman Lew Middleton says each site holds "a great deal of potential" for new or expanding industrial activity. He says the site readiness program brings a significant return on investment.
Rail Company Opening Southwest Indiana Facility
Indiana Rail Road Company officially opened its new Odon Transload Facility Thursday. The Indianapolis-based company says the facility will give businesses in southwest Indiana better access to the rail network.
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