An airport expansion project in southeast Indiana that has been in the works for 20 years is finally moving forward. The $12 million plan calls for building a new 5,000-foot runway adjacent to the current Salem Municipal Airport. The project recently received a $3.5 million funding boost from the Federal Aviation Administration. Butler, Fairman & Seufert Inc. Airport Planner Corey Harper, who is the airport board's consulting engineer, says construction could get underway this fall. He believes the expansion could "open up the door" to additional economic development opportunities.
Italian Company Chooses Fort Wayne
A subsidiary of Italy-based Coram Group is planning to move its North American warehousing operations to Fort Wayne. The automotive manufacturer intends to invest more than $1 million to upgrade an Allen County facility and hire around three dozen workers by 2016.
Big Week For 2018 Super Bowl Effort
The city of Indianapolis could find out Tuesday if its effort to land the 2018 Super Bowl will go forward. The National Football League is expected to announce host city finalists in the competition for the big game. Those cities will be formally asked to submit bids. Local bid committee Vice Chair Dave Lewis discussed the process during a Studio(i) interview in August.
Greater Lafayette Details 'Exceptional' Growth
Greater Lafayette Commerce says companies in the area made more capital investments in the first eight months of 2013 than all of last year. The organization reports the $768 million in investments this year has been driven by industrial growth, including a $450 million expansion at Subaru of Indiana Automotive Inc. and a $40 million project at Heartland Automotive LLC.
Prominent Banker Earns Sagamore of the Wabash
The chief executive officer of Fort Wayne-based STAR Financial Bank has been awarded a Sagamore of the Wabash. James Marcuccilli also serves as chairman of the Indiana Bankers Association.
Event Targets Potential New Board Members
More than 100 nonprofits connected with potential board members during a Lacy Leadership Association event Monday in Indianapolis. Get on Board organizers say the event has led to more than 2,200 new board members since it began 10 years ago. In a Studio(i) interview, Lacy Chief Executive Officer Linda Kirby says the program also includes board training sessions.
Abandoned Buildings Could Get New Life
Developers are seeking city approvals on two projects that would revive vacant buildings in Indianapolis. One involves turning a former television station building into a local Red Cross headquarters and the other would convert a 1920s-era laundry facility into senior apartments.
Schnitzelbank Owners to Celebrate New Venue
The owners of the Schnitzelbank in Jasper are planning a ribbon cutting event Thursday on a new banquet facility. KlubHaus 61 is in the former Jasper Country Club. The venue's name is a reference to 1961, the year the Schnitzelbank opened.
Kelley School Announces Business Outlook Tour
Economists at Indiana University's Kelley School of Business have announced dates for their annual Business Outlook Tour. The sessions, which focus on what is potentially ahead for the state and national economies, will begin early next month in Indianapolis and wrap up roughly two weeks later in Richmond.
Rolls-Royce Scores Navy Contract
Rolls-Royce in Indianapolis has secured a contract to repair U.S. Navy aircraft. The deal is worth up to $90 million and involves the same type of engines in a $406 million deal announced last month.
Berry Plastics Names New Board Member
Evansville-based Berry Plastics Group Inc. has appointed Ron Rolfe to its board of directors. He spent more than 40 years as an attorney with New York-based Cravath, Swaine & Moore LLP.
For more Inside Indiana Business, visit www.insideindianabusiness.com.