A new Indiana-made vehicle is hitting the global spotlight this week at the 2013 Los Angeles Auto Show. Toyota Motor Manufacturing Indiana Inc. is expecting strong demand for the 2014 Toyota Highlander Hybrid, which will be made in Princeton. Production is set to ramp up in December, with the vehicle available in dealerships in February. The automaker has added approximately 600 jobs in Princeton as part of a more than $400 million investment announced in 2012.
State to Open Kokomo Bypass
A ribbon cutting is set for next week to open a new $155 million section of U.S. 31 in Howard County. The long-awaited 13-mile bypass around Kokomo includes six new interchanges and is an alternative to old U.S. 31, which has 15 intersections and traffic signals.
Budget Committee OKs Funds
The State Budget Committee has approved more than $266 million in funding requests. The nearly two dozen projects include university renovations, prison improvements and hospital upgrades.
Supplier Buys Decatur County Manufacturer
Indianapolis-based Hahn Systems LLC continues to grow with the acquisition of ECS Fasteners LLC in Westport. The company says it intends to maintain employment levels and operations in Decatur County and fold the ECS product line into its Fuzion Fasteners brand.
Indy Convention Launches Kickstarter Campaign
A pop culture convention set to debut next year in Indianapolis is looking to raise money through a crowd-funding effort. Indy PopCon organizers hope the Kickstarter campaign will bring in $12,000 to add space and content to the event.
Sugar Creek Shifts Opening Date
Ohio-based Sugar Creek Packing Co. has pushed back the opening date of its multi-million dollar project in Wayne County. The Palladium-Item in Richmond reports the company now intends to begin operations in 2015.
Event to Spotlight Food Advances
Indiana's life sciences initiative will host an event next month in Indianapolis focused on food and agriculture innovation. The BioCrossroads Frameworx session will feature executives from companies including Beck's Hybrids in Hamilton County and Hancock County-based animal health product manufacturer Elanco.
Research Foundation Celebrates Purdue Patents
Purdue University says more than 50 faculty and staff members secured patents during the 2012-2013 fiscal year. The Purdue Research Foundation recognized their contributions yesterday during the annual Inventors Recognition Reception.
City Joins Global Trade Network
Indianapolis is one of eight metropolitan areas accepted into a Global Cities Initiative network. The Exchange, created by the Brookings Institution and JPMorgan Chase & Co., aims to improve trade efforts and boost economic growth.
Indy Receives Electric Vehicle Award
A global organization has recognized Indianapolis' electric vehicle efforts. The World Electric Vehicle Association named the city its "E-Visionary" award winner yesterday at a conference in Barcelona, Spain.
Economic Index Holds Steady
Concerns about a federal budget deadline and the rocky rollout of the Affordable Care Act appear to be impacting the Leading Index for Indiana. Indiana Business Research center Director of Economic Analysis Tim Slaper says the index is unchanged this month as policymakers in Washington focus on problems with the health care law while facing a January 15 budget deadline.
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