The Schnitzelbank goes to Washington
An Indiana landmark is about to get some exposure on Capitol Hill. The Schnitzelbank Restaurant in Jasper will provide a Bavarian-style meal next week to 46 U.S. senators at the Capitol building. Co-Owner Alan Hanselman says Senator Dan Coats came up with the plan and he jumped at the opportunity for the national attention. He tells Inside INdiana Business, he never expected the chance to serve such high-ranking guests, but the opportunity comes with challenges.
Fork lift company to show off new HQ
An event is set for next month to mark the opening of a new North American headquarters for Toyota Material Handling U.S.A. Inc. The company has pumped millions of dollars into the effort to relocate the headquarters from California to Columbus.
Brothers behind 'Loopy' innovation
Two brothers with connections to Purdue and Indiana universities have teamed up to launch a venture focusing on smartphone cases. J.T. and Jim Wangercyn co-founded Loopy Cases in 2012, and the start-up has won awards at business competitions run by the schools. They are selling the cases online and examining larger production possibilities in the U.S. and Asia. The two hope to keep the price of the cases in the $20 range.
Franciscan alliance announces layoffs
The operator of 11 hospitals and health facilities in the state is planning to lay off 275 workers. Franciscan Alliance says the decision is a response to a "transformative shift in hospital economics." The system says another 650 full-time equivalent positions are being eliminated.
British company acquires marketer JMI
JMI has been purchased by a company in London. The deal with Chime Communications PLC will make the Zionsville-based motorsports marketing firm a wholly-owned subsidiary. JMI currently employs around 130 people in the U.S., Hong Kong and the U.K.
Daviess County touts I-69 impact
An Indiana county is crediting the opening of the Interstate 69 extension for boosting the area economy. The Daviess County Economic Development Corp. says 12 major projects have taken place so far in 2013, resulting in $38 million in new investment. Executive Director Ron Arnold also says the growth has created hundreds of openings in just about every economic sector. Executive Director Ron Arnold says the county expects more benefits when I-69 reaches to Bloomington and beyond.
Speedway acquires 'gateway' property
A long-term redevelopment plan for the area surrounding one of the state's best-known attractions has secured a key property. The Speedway Redevelopment Commission purchased the Motel 6 near Interstate 74 and I-465 for $1.6 million. Executive Director Scott Harris calls it a "gateway" to the town and the Indianapolis Motor Speedway. Demolition has already begun and a request For proposal will be issued by year's end. Harris believes development could begin at some point during 2014.
Conexus: Deal includes 'big win' for Indiana
The vice president of the state's manufacturing and logistics initiative says the end of the partial government shutdown will result in a "huge economic development win" for Indiana. David Holt says the agreement to end the shutdown includes lifting caps on what can be set aside to fund repairs to the Ohio River's Olmsted Locks. He says if the locks break down Indiana companies would not have access to the Mississippi River and would need to spend more money for an alternate route. Holt believes not repairing the locks would be "devastating" for Indiana's logistics industry. Davis has served nine years in the General Assembly and co-authored the legislation to create the state's "In God We Trust" license plate.
Beer inventory start-up eyeing rapid growth
A Carmel-based start-up developing inventory management systems for brewers and beer distributors is plotting ambitious growth following a multi-million dollar round of funding. SteadyServ Technologies LLC, which created iKeg software and hardware, is planning to employ up to 100 people throughout Indiana, the west and southeast U.S. and Asia by 2016. The company recently secured $5 million from investors throughout the country.