A Minnesota-based industrial and construction supplier is planning to expand its Indiana distribution center. Fastenal Co. is seeking tax abatement on the project, which could lead to the creation of 60 jobs and the retention of 200 positions at the Indianapolis operation.
Farmland Sells For Millions
Wabash-based Halderman Farm Management Service Inc. says two farmland properties in Indiana sold last week for a total of more than $6 million. The auctions involved land in Rush and Howard counties.
Campuses Name Top Financial Officer
Two Purdue University campuses have announced the first step in combining oversight functions. Stephen Turner has been named vice chancellor for finance administration for Purdue North Central and Purdue Calumet.
Downtown Indy Earns High Ranking
A national website has placed Indianapolis on its list of the Top 10 Best Downtown areas. Livability.com cites the city's architecture, lifestyle and downtown activities. In putting together the list, editors considered factors including vacancy rates, people moving into an area, income growth and unemployment.
Vote Set on MSA Proposal
The city-county council in Indianapolis is slated to take a final vote this evening on major incentives for a planned 28-story development where Market Square Arena once stood. The vote involves authorization of up to $23 million in bonds for the project. Our partners at WTHR-TV in Indianapolis report construction on the high-rise could begin in June.
Columbus Set For 'Record' Sports Tourism Year
The Columbus Area Visitors Center is expecting sports tourism events this year to generate more than $12 million for the economy. The organization says more than 100 events have already been scheduled for 2014, which could bring nearly 100,000 participants and fans to Bartholomew County.
Exports Boosting Dairy Farms
A Purdue Extension specialist says increasing exports and lower feed prices are putting dairy producers in better financial positions than in recent years. Mike Schutz says much of the growth is being fueled by demand for powdered milk and whey in Southeast Asia.
Event Spotlights Student Programs
More than 700 youth workers and educators are taking part in a two-day business summit in Indianapolis focusing on afterschool and summer programs. The event features a panel discussion including executives from Columbus-based Cummins Inc. and The Kroger Co.
Title Company Selects Torr as VP
Carmel-based Hamilton National Title LLC has named Jerry Torr vice president of business development. He has been a member of the Indiana House since 1996 and previously served as an executive with Hylant Group Inc. in Indianapolis.
Racing Community Remembering Bettenhausen
A 21-time starter in the Indianapolis 500 has died. Gary Bettenhausen notched the fastest qualifying time of any driver in the 1991 race and finished third at the Indianapolis Motor Speedway 1980.
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