A spokeswoman for the Indiana Economic Development Corp. confirms the state sees a site in New Carlisle as a potential fit for a $1.6 billion project being floated by Toyota and Mazda. Abby Gras adds that at any given time, the IEDC is evaluating sites for some 80-90 projects in its pipeline. The automaking collaboration could bring an anticipated 4,000 jobs wherever it ends up being located.
Fair Oaks co-founder among 'Awesome Women': Fair Oaks Farms in northwest Indiana and Chicago-based fairlife LLC co-founder Sue McCloskey is being recognized by a national publication. Good Housekeeping has named McCloskey one of its Awesome Women Award winners.
Langellier: Indy 'well positioned' for Amazon: TechPoint Chief Executive Officer Mike Langellier says while Indianapolis is well-positioned to bid for Amazon.com Inc.'s (Nasdaq: AMZN) second headquarters, it will take "a giant, collective, creative, big thinking effort" to pull it off. Amazon says "HQ2" would be a $5 billion project creating 50,000 jobs over 15 years. "This is a once in a generation opportunity... akin to a Super Bowl bid and bigger in a lot of respects," said Langellier. In an interview on Inside INdiana Business Television, Langellier talked about two Amazon requirements: talent and mass transit.
Cook Group to sell Cook Pharmica, buy old GE plant: Bloomington-based Cook Group Inc. has announced what it calls "significant, positive changes for the future." The global life sciences company has reached a $950 million agreement to sell its contract biopharmaceutical business, Cook Pharmica, to New Jersey-based Catalent Inc. (NYSE: CTLT). Cook Group has also announced the acquisition of the former GE refrigeration plant in Bloomington, which it says will lead to 500 additional jobs in Monroe County as part of a plans to "modernize its manufacturing process" over the next decade.
Agreement hones in on potential fourth port site: The Ports of Indiana has signed a purchase agreement for 725 acres along the Ohio River as the potential location for a fourth state-run port. The property in Lawrenceburg and Aurora is owned by Tanners Creek Development LLC and previously served as an American Electric Power Co. Inc. (NYSE: AEP) coal-fired power plant. If the site clears the state's environmental and economic viability study process, the acquisition could be finalized by December of 2018.
Ball State breaks ground on health building: Ball State University has started construction on the new $62.5 million Health Professions Building. The 167,000-square-foot facility is expected to be complete in summer 2019 and house the consolidated health programs on campus.
KAR Auction Services plans $80M Carmel expansion: Carmel-based KAR Auction Services Inc. (NYSE: KAR) has announced a headquarters expansion that is expected to create 400 jobs by 2020. The company plans to invest $80 million into what it says will be a state-of-the-art campus to house 1,500 workers. During an announcement today at the Center for the Performing Arts, Chief Executive Officer Jim Hallett said "we want to give our employees a workplace that reflects our entrepreneurial culture and inspires them to create and innovate the moment they walk through the door."
Proposed Hyperloop route would run through Indiana: A proposed Hyperloop route through Indiana that would connect Chicago, Columbus, Ohio and Pittsburgh is a finalist to receive a deeper examination. The Midwest Connect team was one of 10 groups selected by California-based Hyperloop One for its Global Challenge to find potential routes for the high-tech cargo and passenger system.
Purdue names chancellor for Fort Wayne campus: Purdue University has identified the next chancellor for IPFW. Ronald Elsenbaumer is a Purdue alumnus who currently serves as a special advisor to the president at the University of Texas at Arlington. He will succeed Vicki Carwein, who has led IPFW since 2012 and previously announced plans to retire by the end of the year. Purdue tells Inside INdiana Business Carwein will continue serving as chancellor until Elsenbaumer takes the helm Nov. 1.
Massive Mishawaka project begins: Officials from the city of Mishawaka and Indianapolis-based Flaherty & Collins Properties has broken ground on a $45 million mixed-use development. The Mill at Ironworks Plaza will include more than 230 luxury market-rate apartments and more than 13,000 square feet of retail space.
Holcomb: Steelmaker's presence a 'magnet': Officials have cut the ribbon on a wire rod processing facility in Jeffersonville that Governor Eric Holcomb says could spur more global investment. South Korea-based POSCO (NYSE: PKX) is pumping $19 million into the operation at the Ports of Indiana - Jeffersonville, creating up to 60 jobs by year's end. He says POSCO's presence will open the door for the state to the "friends and suppliers" of one of the world's largest steel makers. In an interview with Inside INdiana Business Multimedia Journalist Mary-Rachel Redman, Holcomb says the plant demonstrates Indiana's economic strength.
Toyota to mark milestone in Princeton: Toyota Motor Manufacturing Indiana Inc. has celebrated a milestone in Gibson County. Governor Eric Holcomb will join company officials to commemorate the five millionth vehicle produced at the Princeton plant.
Trailer manufacturer expanding to Grant County: Bristol-based Stealth Trailers has announced plans to add a second Indiana location. Financial details were not disclosed, however the Indiana Economic Development Corp. says the new facility in Marion will create up to 115 jobs by 2020.
New hospital campus in the works for Fort Wayne: Lutheran Health Network has detailed plans to replace St. Joseph Hospital in Fort Wayne with a new medical campus. The health care system says St. Joe has been in the same downtown location since 1869. Construction could begin next year and officials say build-out could take up to two years.
Japan trade mission wraps with 'perfect capstone': Governor Eric Holcomb's first overseas trade mission is in the books. Last week's trip to Japan included signing a Memorandum of Understanding with Aichi Prefecture, which is home to 70 Indiana-connected companies, and meetings with executives from Toyota Industries Corp., Aisin Seiki and NTN Corp.
Fort Wayne marketer poised for more growth: The founder of a rapidly-growing Fort Wayne marketing company is eyeing a larger footprint throughout the state and beyond. Cyclone Social Chief Executive Officer Andrew Lamping launched the company in 2012 from his bedroom and says revenue has tripled each year since. As a result, staff size has jumped from five in January to 15 currently. Future plans include more employees and additional offices in markets like the company's "next major push" in Indianapolis. In an interview with Inside INdiana Business, Lamping says Cyclone Social emphasizes integrating social media anywhere it can with customers.
Holcomb names state's new health commissioner: Indiana has named its next State Health Commissioner. Kristina Box, who has spent more than 30 years as an OB-GYN at Indianapolis-based Community Health Network, was selected by Governor Eric Holcomb to fill the role vacated earlier this year by Jerome Adams.
Purdue NewU receives key approval: The U.S. Department of Education has approved plans for Purdue University to acquire Kaplan University and create the state's newest public institution. The Purdue NewU approval is the second of three needed to complete the transaction, with a review by the Higher Learning Commission still pending.
IU touts boost in commercialization efforts: The Indiana University Innovation and Commercialization Office is touting the school's technology transfer activity in the 2016-2017 fiscal year. The university received 57 issued patents from the U.S. Patent and Trademark Office, a more than 20 percent increase over the previous year.
Vintage bus enthusiasts in Evansville: A vintage bus event billed as the largest of its kind in the U.S. is taking place this weekend in Evansville. The Busboys Collection, founded by Dan and Stan Holter, will be on display at the BRU Burger restaurant in Evansville. The downtown eatery is located in the city's former Greyhound Station, which was built in 1939 and has undergone a massive facelift.