INSIDE INDIANA BUSINESS: 'Need for speed' leads Walmart to Indiana

2014-06-19T14:50:00Z 2014-06-19T17:21:39Z INSIDE INDIANA BUSINESS: 'Need for speed' leads Walmart to IndianaGerry Dick Inside Indiana Business
June 19, 2014 2:50 pm  • 

The regional vice president of research with Cassidy Turley in Indianapolis says e-commerce distribution centers, like the one announced this morning by Wal-Mart Stores Inc. in Plainfield, continue to be a main driver of growth in the industrial real estate market. Jason Tolliver says Indiana possesses the transportation infrastructure to reach nearly 80 percent of the U.S. population within a day. He says consumers' "need for speed" is driving major retailers to open new e-commerce distribution facilities near large population centers.

Health Facility Sale Could Mean Job Cuts

Fort Wayne-based Parkview Health System Inc. is planning to sell two senior care facilities in Columbia City to another Hoosier company. In a notice to the state, Parkview expects the deal with Miller's Health Systems Inc. to affect more than 50 workers in September.

IPL Selects Power Plant Contractor

Indianapolis Power & Light Co. has awarded the engineering, procurement and construction contract for a new natural gas plant in Martinsville. Texas-based CB&I is expected to begin on-site construction next year and complete the estimated $600 million project in 2017.

Simon Details Exec Changes

Indianapolis-based Simon Property Group Inc. has named Andrew Juster chief financial officer. He will succeed Stephen Sterrett, who is retiring. The global retail real estate company also announced other changes to its financial leadership team, including Juster's replacement as treasurer.

GE Seeks Ideas For Historic Fort Wayne Sign

A spokesman with General Electric Co. says the company is open to suggestions on what to do with its iconic sign once it ends operations in Fort Wayne. The Journal Gazette reports officials at GE's Louisville operations have expressed interest in taking possession of the sign.

Ritz Details Federal Grant Recipients

The Indiana Department of Education has announced recipients of more than $8 million in federal grants. The funding for seven middle and elementary schools throughout the state will support improvements designed to boost academic achievement at low-performing schools.

Partnership Aims to Support Small Businesses

A partnership has been launched to help Indianapolis-area small businesses boost strategic planning and funding efforts. The Central Indiana Small Business Development Center is planning to select 25 businesses for planning sessions with advisers.

Trine, Michigan School Form Partnership

Trine University has announced a partnership with a Michigan school. The agreement allows students to earn a degree with two years at Glen Oaks Community College and two years at Trine.

Ivy Tech to Offer Entrepreneurship Certification

Ivy Tech Community College has been approved to offer a Certificate in Entrepreneurship. The program will be available at all of the school's campuses beginning in August.

Early Career Charter to Launch in Indy

A new public charter high school focusing on career preparation is set to open Saturday in Indianapolis. The Early Career Academy is located at the ITT Technical Institute campus on the city's north side.

Community Foundation Selects New Leader

The Decatur County Community Foundation has named Tami Wenning executive director. She previously served in several roles in the county court system.

Music For All Camp Set For Muncie

More than 1,000 students and school band directors are expected to attend next week's Music for All Summer Symposium in Muncie. The Indianapolis-based organization describes it as the nation's largest weeklong summer music camp for students and teachers.

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