INSIDE INDIANA BUSINESS WEEK IN REVIEW: Proposal calls for new $400 million reservoir

2013-03-16T13:33:00Z 2013-03-22T19:01:10Z INSIDE INDIANA BUSINESS WEEK IN REVIEW: Proposal calls for new $400 million reservoir nwitimes.com

The Anderson/Madison County Corporation for Economic Development is proposing an ambitious $350-$400 million reservoir project. "Project Oasis," the code name for the Mounds Lake project, would use the White River as its source and encompass more than 2,000 acres throughout Madison and Delaware counties. Executive Director Rob Sparks says the plan would lead to increased economic development opportunities and improve flood and drought control in the area.

 

Study: Beer Distributors Are Economic 'Hidden Gem'

A newly-released report, commissioned by the National Beer Wholesalers Association, suggests Indiana beer distributors employ more than 2,000 people and have a $740 million economic impact on the state. The study also shows the industry contributes more than $350 million in state revenues through income and alcohol excise taxes. University of Delaware Economist Bill Latham, who helped author the report, says the sector has traditionally been "tremendously undervalued." Latham says the industry's impact on Indiana is "likely to grow."

 

Brewer Looks to Expand Into Spirits

Indianapolis-based Sun King Brewing Co. is hoping lawmakers approve legislation to allow artisan distilling in Indiana. The company would like to produce spirits, such as bourbon, if Indiana joins a growing list of states allowing craft distilling. Sun King is already in the midst of a huge expansion for its brewing operation, which will double the current production capacity of 15,000 barrels a year. On this weekend's Inside INdiana Business Television, Sun King owner Clay Robinson and President Omar Robinson discuss the potential economic benefits of producing spirits.

 

Urbanspoon Highlights Indiana Restaurant Bars

An international dining website has named four Hoosier establishments to its list of "Most Popular Restaurant Bars." Urbanspoon selected 200 bars from throughout the country that received the most reviews from critics, bloggers and diners. The list includes Yogi's Grill & Bar in Bloomington, BRU Burger Bar and St. Elmo Steak House in Indianapolis and The Local Eatery and Pub in Westfield.

 

Airport to Break Ground on Massive Solar Farm

A groundbreaking ceremony took place Friday for what is being described as the largest airport solar farm in North America. The 75-acre project at Indianapolis International Airport is a public-private partnership that has an estimated cost of around $40 million. During an interview last month on Inside INdiana Business Television, Johnson Melloh Solutions Vice President Kurt Schneider joined Airport Authority Director of Properties Eric Anderson, who said the farm could boost the city's image.

 

Columbia City Manufacturer Adding Jobs

The head of a northern Indiana aluminum components manufacturer believes location is one of the keys behind the company's success. Columbia City-based 80/20 Inc. is planning to expand its headquarters and add around 100 jobs by 2016. President Don Wood says the company is located in the heart of the market for its product. 80/20 already employs more the 300 in Columbia City and Wood isn't concerned about finding more qualified workers.

 

Graduate Schools Hold Their Own in National Rankings

Colleges and Universities throughout the state are touting their inclusion on this year's U.S. News and World Report Best Graduate School rankings. The list includes 22nd ranked Indiana University Kelley School of Business, the Mendoza College of Business at the University of Notre Dame took 27th position and the Krannert School of Management at Purdue University placed 44th.

 

Ellspermann Names Workplace Safety Winners

Eight Hoosier businesses have earned Governor's Workplace Safety Awards this year. Lieutenant Governor Sue Ellspermann and Indiana Department of Labor Commissioner Sean Keefer recognized the companies in categories such as external education and outreach, innovations, and partnerships. The recipients included Crothersville-based Aisin Drivetrain Inc., DePuy Synthes Joint Reconstruction in Warsaw and Gribbins Insulation Co. Inc. in Evansville.

 

Truck Body Manufacturer Adding Jobs

A longtime Indiana manufacturer is planning to relocate its Hamilton County headquarters to Elwood and expand. Warner Bodies Inc. intends to invest up to $3 million to upgrade the former Plastech facility, which has been abandoned since 2008. Mayor Ron Arnold says the company could add around 150 jobs. Arnold tells Inside INdiana Business the city has been working with the local school corporation's career center to design skills training to meet Warner's needs.

 

Ag Pest Technology Grabbing National Attention

As the state moves ahead with plans for an agriculture innovation corridor, a company at the Purdue Research Park says its pest-control technology could be another asset in that effort. Spensa Technologies Inc. has developed an electronic pest trap that farmers can monitor in real time. President Johnny Park says the technology is being tested in the U.S., South America and Australia and has been featured by national media outlets including Businessweek.

 

CountryMark Continues Oil Exploration Push

The head of an Indianapolis-based energy co-operative believes exploring for oil in northern Indiana is another step in the company's evolution. CountryMark Chief Executive Officer Charlie Smith tells Inside INdiana Business returning to areas that previously produced oil is not a guarantee of economic success. He says the company is hoping for a roughly 30 percent success rate, which is approximately three times the national level. Smith says it is all part of the game oil companies play.

 

Social Media Helps Jewelry Company Grow

The owner of Harrison County-based Ronaldo Designer Jewelry Inc. says word of mouth and social media have fueled the company's rapid growth. Ronaldo Needham says the jewelry designer plans to add 80 jobs by the end of the year at its new facility in New Albany. He hopes to open more buildings in southern Indiana. Needham says location and property values make New Albany a good place to grow.

 

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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