IIB WEEK IN REVIEW: State to revisit fertilizer plant project

2014-04-12T14:32:00Z IIB WEEK IN REVIEW: State to revisit fertilizer plant projectGerry Dick Inside Indiana Business nwitimes.com
April 12, 2014 2:32 pm  • 

State to Revisit Fertilizer Plant Project

The state of Indiana is reopening discussions with Midwest Fertilizer and Fatima Group about a multi-billion fertilizer plant in Posey County. Gov. Mike Pence says the decision comes after the group and government of Pakistan took steps to make it more difficult for terrorists to obtain the company's products. Pence pulled state support for the project last year. Economic Development Coalition of Southwest Indiana Chief Executive Officer Greg Wathen says the company hopes to begin construction later this year. He says local support has remained strong throughout the process.

IU Picks Downtown Evansville for Med School

The Indiana University Board of Trustees selected downtown Evansville as the preferred location for a new medical school and research campus. The unanimous approval follows a recommendation from Indiana University President Michael McRobbie. The project has an estimated cost of $69.5 million, but will be offset by $35 million in public incentives. City officials believe the project could have an annual economic impact of $340 million by 2020.

Crews Complete Bridge 'Slide'

Indiana and Kentucky road crews have completed moving the Milton-Madison Bridge's main section to its new peers. Officials say final inspections and connections will take about a week to complete. The slide of the nearly 2,500-foot section was delayed several times.

Big Boost For Small Town

Jasper-based MasterBrand Cabinets Inc. announced its second expansion in about a year. The manufacturer intends to invest $8 million and add more than 260 workers in Ferdinand by the end of 2016. Last March, MasterBrand announced plans to create more than 70 jobs in Goshen. The company currently has six Indiana operations, which employ more than 3,500 workers.

'Pro-Growth' Policy Group Launches in Indiana

A bipartisan group of Hoosier business leaders has launched an organization designed to boost commerce in the state through a "pro-growth" agenda in Washington. The Main Street Growth & Opportunity Coalition will push for tax and immigration reforms, expanded trade opportunities and provide feedback to local government and citizens on national policies. Indiana is the ninth state to join a national effort started by AT&T Inc. Chairman Randall Stephenson. During an interview that will air this week on Inside INdiana Business Television, Indianapolis-based Career Consultants OI Partners Inc. Chief Executive Officer Patty Prosser and Fishers-based OfficeWorks CEO Tom O'Neil discuss the organization's goals.

Pence Leading German Trade Mission

Gov. Mike Pence and Indiana Secretary of Commerce Victor Smith are on a jobs mission in Germany. The trip will involve five cities and include a reception with potential investors.

Groundbreaking Planned For Downtown Project

Construction of a nearly $8 million downtown development is underway in Petersburg. Plans for "Downtown Terrace" include 40 units of senior housing, an urgent care clinic and retail space.

Hoosier Companies on 'Most Trusted' List

Three businesses based in Indiana are on a national top 50 list of the "Most Trustworthy Financial Companies." Forbes says it considered high-risk events, bankruptcy risk and U.S. Securities and Exchange Commission actions in putting together the list. The Indiana companies on the list are Carmel-based CNO Financial Group Inc. (NYSE: CNO), Terre Haute-based First Financial Corp. (Nasdaq: THFF) and Warsaw-based Lakeland Financial Corp.

Beauty Retailer Bringing Hundreds of Jobs to Johnson County

An Illinois-based beauty retailer is planning a distribution center in Greenwood that could employ more than 500 by 2018. ULTA Inc. (Nasdaq: ULTA) says it will invest more than $50 million to lease and equip a 670,000 square-foot facility in Johnson County. It will be the company's first fulfillment center in Indiana and shipments are expected to begin next year.

Commission OKs Sports Development Plan

A proposed $22 million sports village and hotel in Greenwood is moving forward. The city's redevelopment commission approved the plan Tuesday, which could create more than 100 permanent and 300 construction jobs. Plans include a more than 120-room hotel designed for sports travelers and sports faciltiies with seating for 600, 12 volleyball courts and six basketball courts.

Evansville Remembering Former Shoe Carnival CEO

A former chief executive officer of Evansville-based Shoe Carnival Inc. passed away Monday. Mark Lemond was originally hired as chief financial officer and spent 25 years with the company. He was 59.

Farmland Goes For Nearly $8 Million

More than 800 acres of farmland in Delaware County have sold for close to $8 million. All 15 tracts were purchased by a single buyer during an auction at the Horizon Convention Center in Muncie.

Smiley to Receive Walk of Fame Star

Indiana University graduate and television personality Tavis Smiley will receive a star on the Hollywood Walk of Fame. Jay Leno and Larry King will be among those speaking at this month's ceremony.

Brewery to Anchor Proposed Development

A group spearheading plans to turn a former coal yard into a mixed-use development has landed a $500,000 boost from the city of Indianapolis. The Irvington Development Organization says the "Coal Factory" will be anchored by a new Black Acre Brewing Co. operation and include retail, dining, entertainment and office space.

Spirits Lift Indiana Entrepreneur

A new state law allowing craft spirit distilling is paying off for an Indiana entrepreneur. Hotel Tango Whiskey founder Travis Barnes plans to set up shop this summer in Indianapolis' Fletcher Place neighborhood. The distillery will produce whiskey, gin, moonshine and vodka and include a tasting room and retail area. The project is expected to create more than 20 jobs, which Barnes hopes to fill with disabled veterans. Barnes believes artisan distilling has a bright future in Indiana.

Indiana Schools to Receive Millions

An Indiana school district and college will receive a total of more than $10 million in funding through the federal Youth CareerConnect program. The initiative is designed to fund efforts to prepare high school students for higher education and a competitive work force. Pike Township Schools will be receiving $7 million and Ivy Tech will receive nearly $3.3 million.

City Up For 2014 All-America Honor

Columbus, Ind., is listed as a finalist for the National Civic League's 2014 All-America City Awards. Twenty-five communities are invited to the organization's awards event in June.

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

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