Inside INdiana Business

2014-05-02T14:00:00Z Inside INdiana BusinessGerry Dick Times Columnist nwitimes.com
May 02, 2014 2:00 pm  • 

EO: Company 'growing like gangbusters'

Indianapolis-based Interactive Intelligence Group Inc. Chief Executive Officer Don Brown says a combination of rapid growth and a "wealth of talent" in Indiana's work force helped lead to a second major expansion in two years. The software company announced plans Thursday to invest $28 million to grow its Indianapolis headquarters and add up to 430 jobs by 2016. Brown says while the company has a global presence, Indianapolis will always be its "heart and soul."

Manufacturer adding hundreds of jobs

A Japan-based manufacturer has announced plans to expand its Morgan County operations and add up to 220 jobs by 2015. TOA USA LLC, which is a subsidiary of TOA Industries Co. Ltd., says it will invest more than $72 million in the project.

Harsh winter helps manufacturer's growth

The chief executive officer of Jasper Engines & Transmissions says, unlike most companies, the harsh winter was good for the DuBois County business and helped lead to this week's expansion announcement. Doug Bawel says customers include large delivery companies and municipalities, which can't postpone their services due to weather. The company announced plans this week to invest nearly $7 million into a new facility near its Jasper headquarters. The move is expected to create up to 235 jobs by 2017. Bawel says the company chose Indiana over Missouri and Michigan.

Lawn equipment company announces expansion plans

A lawn and garden equipment company is planning to expand in Jeffersonville. Brinly-Hardy Co. says a $1.5 million investment could lead to the addition of 44 jobs by next year.

Toyota adding jobs in Princeton

Princeton-based Toyota Motor Manufacturing, Indiana Inc. is planning to hire an additional 60 production workers by the end of June. The company says the move is a result of demand for the 2014 Highlander and Highlander Hybrid models. Toyota says sales for Highlander, which is now exported to the Russian and Australian regions, were up 28 percent over April 2013.

BAE Systems to break ground on $39M center

City, state and company officials marked the start of construction Friday on a $39 million BAE Systems facility in Fort Wayne. The new aviation electronics manufacturing center will be located near Fort Wayne International Airport.

Chamber unveils best of 'Best Places'

The Indiana Chamber of Commerce has announced the 2014 Best Places to Work in Indiana rankings. Four employers have been selected best overall in categories based on size. The list was announced during a ceremony in Indianapolis. Purdue Federal Credit Union is tops among medium-sized companies and Chief Executive Officer Bob Falk told Inside INdiana Business the honor can be used as a recruiting tool. Carmel-based Hollingsworth & Zivitz P.C. and two employers in Indianapolis, Sikich LLP and Microsoft Corp. are also ranked highest overall.

Indiana Landmarks unveils endangered places list

This year's list of the state's 10 Most Endangered places includes seven new entries. Indiana Landmarks President Marsh Davis said the properties have potential for "revival and reuse." The three sites appearing again on this year's list are the Anderson Athletic Park Pool, Eagle Cotton Mill and Harmony Way Bridge.

Sonic planning dozens of Indy-area drive-ins

Oklahoma-based Sonic Corp. has identified Indianapolis as a key market in a major nationwide expansion. The drive-in restaurant chain is planning to open 75 locations in central Indiana over the next decade. The company's vice president of public relations Patrick Lenow told Inside INdiana Business the number of employees in each store varies, but is usually around 50 full and part-timers.

Indiana at center of Comcast-Charter deal

The big deal between Comcast Corp. and Charter Communications Inc. is a game-changer for the cable industry in Indiana. A map released by both providers shows Charter, or a spinoff managed by the Connecticut-based company, will operate the majority of cable television systems in the state. That includes customers in Evansville, Indianapolis, Lafayette, Fort Wayne and Terre Haute, who are currently served by Comcast. During a conference call, Charter Communications Inc. Chief Executive Officer Tom Rutledge said the deal allows the company to grow in "attractive" markets.

INnovators: Menguin takes on tux rentals

Several Indiana University Kelley School of Business graduates are hoping to "revolutionize" the tuxedo rental industry with an app designed to make the transactions easier and faster. Menguin uses online cameras to obtain measurements, then ships customized tuxedos to users' doors. Chief Executive Officer Justin Delaney said the company has four warehouses, allowing it to reach 99 percent of the country within two days. He discussed Menguin during on Inside INdiana Business Television.

Shell building planned at mega park

Plans are moving forward to develop a shell building at the site of the former military storage site in Vermillion County. The Newport Chemical Depot Reuse Authority and Terre Haute-based Garmong Development Co. LLC are creating a joint venture that aims to complete the facility by mid-2015.

STEM program, job fair set for IMS

An event that will bring together science, technology, engineering and math educators and the racing industry is set for later this month at the Indianapolis Motor Speedway. M-STEM3 includes a job fair and other programs that will focus on advanced manufacturing and medical manufacturing.

Goodwill education effort expands

An education initiative created by Goodwill Industries of Central Indiana Inc. is expanding beyond the state. The organization plans to open an Excel Center in Austin, Texas, this summer to go along with the nine operating in central Indiana. Goodwill Education Initiatives Inc. Chief Operating Officer Scott Bess said the centers are designed to give people who dropped out of high school a chance to resume their education.

Indy downtown continues to draw development

Construction on an $11 million mixed-use development in downtown Indianapolis is set to begin next month. Indianapolis-based Deylen Realty Inc. says SLATE, which will include nearly 70 apartments and close to 10,000 square-feet of retail space, is expected to be complete next summer.

Lilly Endowment sells stock

Indianapolis-based Lilly Endowment Inc. has sold 150,000 shares of Eli Lilly and Co. The organization says proceeds will help fund charitable programs and operating expenses.

Jordan makes another huge donation to Notre Dame

The University of Notre Dame has announced a $75 million gift from the chief executive officer of Illinois-based Jordan Industries Inc. John Jordan is a Notre Dame graduate and sits on the board of trustees. The university says it is the largest gift in Notre Dame history and makes Jordan the school's most generous benefactor. Jordan's previous gifts to the University include $30 million for the Jordan Hall of Science, $40 million for as yet undesignated purposes and funding for the Jordan Auditorium in the Mendoza College of Business.

$6M  park progressing in New Albany

Construction on a $6 million park in New Albany is set to wrap up this winter. Indianapolis-based Cripe Architects and Engineers says the project will include a multi-purpose indoor sports facility, mile-long walking path, football fields and a water park.

Mount Vernon facility part of big contract

North Carolina-based B&W Nuclear Operations Group Inc. said a portion of nearly $200 million worth of contract work will be performed at a Mount Vernon facility. The deals involve components for nuclear submarines.

Find more Indiana business news at www.InsideINdianaBusiness.com.

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