Organizers of a new coworking space in Goshen say it can help diversity the city's economy. Grace Bonewitz of Eyedart Creative Studios, which is partnering on LaunchPad, says it is specifically designed for young entrepreneurs, sometimes in competing industries, to work together. She says Millennials have "a bad rap," and believes they can be a key economic driver in Goshen.
Exelis Plans Fort Wayne Restructuring
A restructuring by a Fort Wayne employer is expected to lead to job cuts. Exelis is planning to sell an area building complex that houses one of its divisions and move around some workers as part of the reorganization. Communications manager Kristin Jones says the restructuring will result in layoffs of less than 10 percent of the division's work force, which currently stands at about 450.
Brewer to Open in Speedway
A Shelbyville-based craft brewing company is planning to open an operation in Speedway. Daredevil Brewing Co. has an agreement with the Speedway Redevelopment Commission to acquire a two-acre site. The company plans to open a taproom and production facilities.
Board Approves 'Tom Raper Way'
The Richmond Board of Public Works and Safety has approved naming a road after a former area business leader. Our partners at Kicks 96 report "Tom Raper Way" is being added to part of Williamsburg Pike in the city.
Terre Haute Mayor: Tax Cut Could Cost Jobs
Terre Haute Mayor Duke Bennett says a reduction in the state's business personal property tax could cost the city up to $4.5 million. Our partners at WTHI-TV report Bennett says the potential loss could result in layoffs of public safety workers. He made the comments yesterday in his State of the City address.
Study Highlights Cost of Raising Indiana Children
Research from BMO Harris Bank suggests parents in Indiana are spending less than the national average to raise their children. The study says parents spend $704 each month on child-related expenses. The national average is $795.
Simon Hires Former Angie's List Exec
Indianapolis-based Simon Property Group Inc. has named Tom Ward vice president of investor relations. He previously served in similar roles at Angie's List Inc. (NASDAQ: ANGI) and Brightpoint Inc. Read More
Ballard Plans Infrastructure Initiative Meeting
Indianapolis Mayor Greg Ballard is moving forward on an initiative outlined in his State of the City address. He is planning the first public meeting for next week on a proposed $350 million effort to fund infrastructure projects in city neighborhoods. The session is set for next Thursday.
IndyGo Plans Downtown Transit Center
IndyGo is planning a multi-million dollar transit center in downtown Indianapolis. It has placed an exhibit highlighting the project at Old City Hall as part of a public outreach effort to gather information about how many passengers would go through the new center.
Buttigieg to Report For Duty
The mayor of South Bend is leaving the office this weekend. Pete Buttigieg is due to report for active military duty in Afghanistan. He is expected to serve seven months. City Controller Mark Neal will be South Bend's interim mayor.
INTECH Park Building Sold
One of the buildings in Indianapolis' INTECH park has been sold to a joint venture between Texas and Illinois companies. INTECH 12 was most recently occupied by the information technology department of Indianapolis-based Eli Lilly and Co.
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