Indy Details Massive Development
The city of Indianapolis has selected a $43 million proposal to redevelop the fire station property in a popular arts and entertainment district. The initiative will include nearly 250 apartments, retail, parking and a large video board to serve as a gateway to the downtown Mass Ave community. Project developer John Hart, president of Carmel-based J.C. Hart Co. says the project will have a tremendous economic impact and capitalize on a growing urban trend.
Zoo Planning Big Upgrades
The Fort Wayne Children's Zoo says it is in the "advanced planning" stages of a $5 million renovation of its Australian Adventures area. The initiative will include a new permanent stingray exhibit.
Michigan Company Plans to Close Indiana Plant
Efforts are underway to save 450 jobs in Elkhart County. The Goshen News reports Cequent Towing Products is planning to close its plant and move operations to Mexico. The parent company says the decision is not final, but the fate of hundreds of jobs should be known next month.
Indiana Workplace Injuries Hold Steady
Non-fatal workplace injuries and illnesses in Indiana remained the same in 2011 as the previous two years. The Indiana Department of Labor says the most significant declines were in government and retail, while injuries increased in the agriculture and health care sectors.
National Group Honors Bicycle Friendly Businesses
The League of American Bicyclists is highlighting four Indiana businesses. The organization says two employers in Indianapolis, one in Fort Wayne and another in Warsaw are among more than 60 throughout the country to claim honors at its 2012 fall awards.
Final Open House Set Before Coliseum Renovations
The Indiana State Fairgrounds will offer a final public walk-through of the Pepsi Coliseum Saturday before a $63 million renovation project begins. The 73-year-old facility will be completely refurbished and an adjoining arena will be added.
Joint Supplement Company Aims For National Distribution
An Indianapolis-based joint supplement producer is working on several national distribution deals. Viscos LLC is hoping its product will be on the shelves of GNC stores within the next few months. The company is also talking with other major national retailers.
Department of Education Creating New Office
In an effort to increase outreach to parents and communities, the Indiana Department of Education has created a new statewide office. Jen Carlton will lead the Office of Parent and Community Engagement, which will offer partnership opportunities and access to IDOE resources.
Research Park Company Secures Angel Investment
A Purdue Research Park of Indianapolis-based startup has received a more than $20,000 angel investment. Waveform Communication LLC plans to use the funding from a private individual to help meet a development and deployment timeline. The company is aiming to develop speech recognition applications.
Zimmer Reports Lower Profit
Warsaw-based Zimmer Holdings Inc. is reporting a third quarter profit of $178.1 million, down from $191.5 million during the same period last year. Chief Executive Officer David Dvorak says the company experienced strong quarterly sales in Europe, the Middle East and Africa.
ITT Reports Another Enrollment Dip
Enrollment at Carmel-based ITT Educational Services Inc. (NYSE: ESI) continues to decline. The company reports third quarter new student enrollment is down 15.8 percent, compared to the same period one year ago. The for-profit college operator's quarterly profit dropped to $42.8 million, compared to $67.3 during the same period in 2011.
Hill-Rom Profit Narrows
Batesville-based Hill-Rom Holdings Inc. (NYSE: HRC) is reporting fiscal fourth quarter net income of $39.2 million, down from $63.5 million for the same period the previous year. Chief Executive Officer John Greisch says 2012 has been "more challenging than expected."
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