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INSIDE INDIANA BUSINESS: Expansion paying off in French Lick

The director of sales at the French Lick Resort says a $15 million event center expansion is on track to open Jan. 1 and is already paying dividends. Adina Cloud says conventions booked in January, March and April of next year and others scheduled through 2020 are a direct result of the new …

April 17, 2014 12:54 pm

INSIDE INDIANA BUSINESS: City unveils new cultural district

The city of Indianapolis has announced a new cultural district focusing on the area around the former Market Square Arena. Landmarks such as the City Market and Old City Hall, as well as future projects, including an $80 million mixed-use development and a Cummins Inc. (NYSE: CMI) division h…

April 16, 2014 12:30 pm

INSIDE INDIANA BUSINESS

Co-Ops: EPA Proposals Could Close Plants

April 15, 2014 1:24 pm

INSIDE INDIANA BUSINESS:

Mobile Tech Company Lands Funding

April 14, 2014 12:43 pm

IIB WEEK IN REVIEW: State to revisit fertilizer plant project

State to Revisit Fertilizer Plant Project

April 12, 2014 2:32 pm

INSIDE INDIANA BUSINESS: IU Picks Evansville for Med School Location

The Indiana University Board of Trustees has selected downtown Evansville as the preferred location for a new medical school and research campus. The project has an estimated cost of $69.5 million, but will be offset by $35 million in public incentives.

April 11, 2014 2:20 pm

INSIDE INDIANA BUSINESS: Pharma company secures 'significant' investment

The co-founder of Indianapolis-based Assembly Pharmaceuticals says a major round of funding will help the company move closer to a treatment for a deadly virus. Derek Small characterizes the current treatment rate of chronic hepatitis B, estimated to affect more than 350 million worldwide, a…

April 10, 2014 12:35 pm

INSIDE INDIANA BUSINESS: Brownfield has bright future

The site of the former Reilly Tar & Chemical Corp. plant in Indianapolis has been transformed into a $30 million energy producing operation. Officials have marked the completion of the 43 acre Maywood Solar Farm on a U.S. Environmental Protection Agency Superfund site. The project is a p…

April 09, 2014 12:21 pm

INSIDE INDIANA BUSINESS: State to revisit fertilizer plant project

The State of Indiana is reopening discussions with Midwest Fertilizer and Fatima Group about a multi-billion fertilizer plant in Posey County. Governor Mike Pence says the decision comes after the group and government of Pakistan took steps to make it more difficult for terrorists to obtain …

April 08, 2014 12:21 pm

INSIDE INDIANA BUSINESS: Robotics company hits funding target

A Fort Wayne-based startup, founded by a former Los Angeles lawyer, is gaining momentum. Gary Kaufman formed Targamite LLC, which produces computerized target training systems for the law enforcement and military sectors as well as commercial shooting ranges. The company has secured a $325,0…

April 07, 2014 12:37 pm

IIIB WEEK IN REVIEW: Pence details Major Moves 2020 Projects

Gov. Mike Pence has instructed the Indiana State Budget Agency to release $200 million in Major Moves 2020 highway construction funding. The money will be used to expand heavily-traveled sections of Interstate 65 that are nearly 50 years old. The General Assembly approved access to $400 mill…

April 05, 2014 3:39 pm

INSIDE INDIANA BUSINESS: Horizon wraps up merger

Michigan City-based Horizon Bancorp has completed its acquisition of SCB Bancorp Inc. in Michigan. Last month, Horizon announced the closing of a deal for Indianapolis-based 1st Mortgage of Indiana.

April 04, 2014 3:02 pm

INSIDE INDIANA BUSINESS: State to study urban potential

An upcoming study by the Indiana Economic Development Corp. will examine how to make Indiana's cities more attractive to potential investors. Governor Mike Pence's Senior Policy Director Ryan Streeter says the report will focus on issues such as quality of life and industrial site improvemen…

April 03, 2014 2:37 pm

INSIDE INDIANA BUSINESS: Beck's chooses Indiana for 'mega-center'

The president of Beck's Hybrids says Indiana's economic and corporate tax climate compelled the company to expand in Hamilton County instead of surrounding states. Sonny Beck says even though seed delivery costs may be a little higher from the Atlanta headquarters, Illinois and Ohio failed t…

April 02, 2014 12:34 pm

INSIDE INDIANA BUSINESS: Race on to complete sports complex

An Evansville tourism official says the city has already booked the first event at a yet-to-be-built $14 million sports complex. Evansville Convention & Visitors Bureau Director of Marketing & Communications Laura Libs says the Indiana Amateur Softball Association is slated to hold a…

April 01, 2014 12:58 pm

INSIDE INDIANA BUSINESS: New law opens crowdfunding doors

The co-founder of Indianapolis-based Localstake says a new state law on crowdfunding will help entrepreneurs clear one of their biggest hurdles. Kevin Hitchen says the measure "enlarges the pool" of potential investors by eliminating a funding limit and allowing startups and small businesses…

March 31, 2014 1:44 pm

INSIDE INDIANA BUSINESS: IEDC names economic development VP

The Indiana Economic Development Corp. has named Kent Anderson vice president of business development. He replaces Charlie Sparks who is pursuing new endeavors. Anderson has been serving as director of business development and helped the IEDC secure deals with more than 110 international com…

March 22, 2014 1:19 pm

INSIDE INDIANA BUSINESS: Almost showtime at The Coliseum

The Indiana State Fair Coliseum is set for a grand reopening ceremony in late April. Media Relations Manager Andy Klotz says the $63 million renovation is on budget and three months ahead of schedule. He says tenant agreements with IUPUI men's basketball and Indy Fuel hockey are crucial beca…

March 21, 2014 12:41 pm

INSIDE INDIANA BUSINESS: Health forum grows global focus

The Indiana Health Industry Forum is hoping to boost international trade and export relationships through a Memorandum of Understanding with the Federation of Israeli Chambers of Commerce. IHIF Chief Executive Officer Kristin Jones says the Middle East nation's traditionally strong economy a…

March 19, 2014 12:34 pm

INSIDE INDIANA BUSINESS: River Ridge planning millions in upgrades

The River Ridge Development Authority has approved issuing $20 million in bonds to fund a new phase of growth. The largest portion will help pay for a $22.5 million road project connecting the River Ridge Commerce Center to the Ports of Indiana-Jeffersonville. River Ridge Development Authori…

March 18, 2014 12:12 pm

INSIDE INDIANA BUSINESS: Supply company plans to add jobs

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.

March 17, 2014 12:38 pm

INSIDE INDIANA BUSINESS: RV supplier fueling rebound

South Bend Deputy Mayor Mark Neal says an expansion announcement by Lippert Components Inc. underscores the city's "continuing comeback." The Elkhart County-based recreational vehicle industry supplier is planning to lease an abandoned distribution facility in South Bend and add 180 workers …

March 13, 2014 12:27 pm

INSIDE INDIANA BUSINESS: Fort Wayne seeks East Coast flight

Efforts to attract an East Coast flight to Fort Wayne International Airport have received a boost. The Fort Wayne Common Council has approved funding as part of a $2.5 million incentive and revenue guarantee package for airlines. Fort Wayne-Allen County Airport Authority Air Services and Com…

March 12, 2014 12:08 pm

INSIDE INDIANA BUSINESS: Deal could mean hundreds of jobs

A Britain-based contractor says a multi-million dollar deal with an Illinois logistics company could bring "several hundred jobs" over the next few years to Fort Wayne. Serco Inc. Chief Executive in the Americas Steve Sieke says the company will provide customer and driver support services f…

March 11, 2014 12:21 pm

INSIDE INDIANA BUSINESS: Academy Aims to 'Rev' Interest in STEM

An immersive educational program designed to prepare students for careers in the racing industry will begin this evening in Indianapolis. The Rev Racing Motorsports Academy, which was started in North Carolina, offers experiences related to the driving, pit crew and marketing aspects of raci…

March 10, 2014 12:02 pm

IIB WEEK IN REVIEW:

Stonegate Continues to Grow

March 07, 2014 1:40 pm

INSIDE INDIANA BUSINESS: AT&T touts major investment

AT&T Indiana says it invested nearly $1.75 billion in Indiana network upgrades from 2011-2013. President Bill Soards says wireless infrastructure improvements include new cell sites, upgraded antennas and increased capacity. He says the company also expanded fiber-optic connections in ho…

March 07, 2014 12:20 pm

INSIDE INDIANA BUSINESS: Production finally set for Tipton plant

Production is expected to begin soon at a high-profile industrial building in Tipton County. Chrysler Group LLC is putting the finishing touches on a transmission plant that is expected to result in 875 new jobs over the next two years. The operation follows two failed attempts to launch man…

March 06, 2014 1:13 pm

INSIDE INDIANA BUSINESS: Innovators aim for swimwear dominance

A Fort Wayne mother and daughter hope to achieve "world domination in retro swimwear." Cheryl and Olivia Fabian founded OFabz Swimwear in 2010, which focuses on combining vintage designs with updated fabric and production techniques. The Fabians say winning a 2011 business plan competition t…

March 05, 2014 12:37 pm

INSIDE INDIANA BUSINESS: Medical Device Company Details Expansion

Whitley County-based Sites Medical LLC has announced plans to add nearly four dozen new workers by 2017 as part of an expansion. The medical device manufacturer intends to pump nearly $2 million into upgrades, new services and equipment at a Columbia City facility. Sites says the expansion w…

March 04, 2014 12:18 pm

INSIDE INDIANA BUSINESS: Gary announces health care enrollment event

An event to sign up individuals and families for health insurance is set for Saturday in Gary. The Affordable Health Care Enrollment Fair is a partnership that includes the Gary Health Department, Methodist Hospitals and the Lake County Minority Health Coalition. Read More

March 03, 2014 12:53 pm

IIB WEEK IN REVIEW: Indiana Limestone Plans to Close

An iconic Indiana employer is shutting down. Indiana Limestone Co. has been in business for more than 100 years and has provided stone for high-profile structures including the Empire State Building and the Pentagon. In a notice to the state, the Oolitic-based company says the move will affe…

March 01, 2014 12:51 pm

INSIDE INDIANA BUSINESS: Coworking space targets 'creative class'

Organizers of a new coworking space in Goshen say it can help diversity the city's economy. Grace Bonewitz of Eyedart Creative Studios, which is partnering on LaunchPad, says it is specifically designed for young entrepreneurs, sometimes in competing industries, to work together. She says Mi…

February 28, 2014 1:00 pm

INSIDE INDIANA BUSINESS: IU Moving Forward on Wishard Plan

Indiana University is continuing to detail plans for the former Wishard Hospital site in Indianapolis. IU Vice President of Facilities Tom Morrison says about half of the property will be redeveloped into academic space. The remainder will be demolished. The school's plans include a $25 mill…

February 27, 2014 12:29 pm

INSIDE INDIANA BUSINESS: Tim Hortons announces Fort Wayne push

One of the most popular coffee shop chains in Canada is launching an ambitious expansion effort in the U.S., including Indiana. Tim Hortons Inc. is planning 15 locations in the Fort Wayne area. It is part of an initiative to open approximately 300 U.S. restaurants by the end of 2018.

February 26, 2014 1:00 pm

INSIDE INDIANA BUSINESS: Bell Aquaculture Plans Major Expansion

Jay County-based Bell Aquaculture is planning a $30 million expansion that could create 75 jobs. The project involves growing its fish feed mill and farming operations in east central Indiana. Chief Executive Officer Norman McCowan tells Inside INdiana Business plans also call for a nearly 6…

February 25, 2014 2:45 pm

INSIDE INDIANA BUSINESS:

Deal to Lift Elanco Globally, Statewide

February 24, 2014 12:12 pm

IIB WEEK IN REVIEW: Newton County Farmland Sells For Millions

Nearly 650 acres of farmland in northwest Indiana has drawn $6 million at auction. Columbia City-based Schrader Real Estate and Auction Co. says the results of the Newton County sale and others throughout the state illustrate strong demand for farmland.

February 22, 2014 3:07 pm

INSIDE INDIANA BUSINESS: Allison Powering Buses in Sochi

An Indiana company is playing a critical role in the complex logistics of the 2014 Winter Olympics in Sochi. About 400 buses at the winter games are being powered by transmissions designed and manufactured by Indianapolis-based Allison Transmission Holdings Inc. Research and development on t…

February 21, 2014 1:16 pm

INSIDE INDIANA BUSINESS: Study says life sciences impact spreads

Indiana's life sciences initiative says the state's "broad and deep" industry continues to grow. BioCrossroads' annual report shows the sector generates a $55 billion economic impact, which is up from last year. The organization also says the state's nearly $10 billion in 2012 life sciences …

February 20, 2014 1:48 pm

INSIDE INDIANA BUSINESS: Donnelly says skills gap requires 'laser focus'

U.S. Sen. Joe Donnelly says Indiana businesses must continue to "step up" and help make sure the work force is properly trained in order to bridge the skills gap. He cites Toyota Motor Manufacturing, Indiana Inc. in Princeton starting its own training school and Jasper Engine & Transmiss…

February 19, 2014 3:16 pm

INSIDE INDIANA BUSINESS:

$6 Million Partnership Targets 'STEM Pipeline'

February 18, 2014 12:35 pm

INSIDE INDIANA BUSINESS: Developer's plan could lead to jobs

Indianapolis-based Intelligent Environmental Leasing LLC is seeking tax abatement on a $1.5 million plan to upgrade a warehouse and office space. Open Control Systems LLC would be the property's primary tenant and retain its current work force as well as add more than two dozen employees by 2016.

February 17, 2014 12:38 pm

INSIDE INDIANA BUSINESS: Divisive issue will not be on 2014 Ballot

The Indiana Senate is expected to hold a final vote Monday on a constitutional amendment that aims to further define marriage, but it will not include language dealing with domestic partner benefits and civil unions. Efforts to restore the phrasing removed by members of the House failed yest…

February 15, 2014 1:57 pm

INSIDE INDIANA BUSINESS: Soccer stadium proposal hits Statehouse

The owner of the Indy Eleven soccer team has made his case to members of the House Ways and Means Committee for a state-financed, $87 million stadium. Ersal Ozdemir says season ticket demand has been higher than he expected, and limited capacity at IUPUI's Michael A. Carroll Track and Soccer…

February 14, 2014 12:36 pm

INSIDE INDIANA BUSINESS: Indy in running for 'Best Convention City'

The city of Indianapolis is among finalists for a readers' choice award from a national publication. It is included in USA Today Travel's list of Best Convention Cities.

February 13, 2014 12:34 pm

INSIDE INDIANA BUSINESS: State launches tourism brand

The head of Indiana's Office of Tourism Development says the state's new consumer brand reflects the "assets, allure and attractions" of Indiana. Mark Newman believes "Honest to Goodness Indiana" illustrates a welcoming state without being region-specific. The slogan, which is replacing "Res…

February 12, 2014 12:02 pm

INSIDE INDIANA BUSINESS: 'The People's Race Car' aims for Indy 500

Two Indianapolis small business owners have launched a crowdfunding effort to enter a car into this year's Indianapolis 500. Travis Tetrault and Jason Godby have formed Cutters Race Team in hopes of raising $1 million for "The People's Race Car." It would be operated by Sarah Fisher Hartman …

February 11, 2014 12:56 pm

INSIDE INDIANA BUSINESS: Kite CEO says merger will lead to growth

The chief executive officer of Indianapolis-based Kite Realty Group Trust says a $2.1 billion merger agreement with Illinois-based Inland Diversified Real Estate Trust Inc. will lead to growth in "attractive" new markets. John Kite also says the deal "substantially" boosts the company's port…

February 10, 2014 12:25 pm

IIB WEEK IN REVIEW: RDA commits to South Shore Expansion

RDA Commits to South Shore Expansion

February 08, 2014 1:21 pm
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