Daily Archives: January 21, 2010

EnerDel Adding 500 Jobs in Indiana

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Governor Mitch Daniels joined executives from lithium-ion battery maker EnerDel today to announce the company will locate its newest manufacturing operation in Hancock County and create 500 more jobs, bringing the company to a total of 1,400 in three Central Indiana locations.

EnerDel announced in 2008 it would add 900 jobs by expanding its Indianapolis research and cell production center, building a new battery pack assembly center in Noblesville and committing to locate a full-scale manufacturing site at a to be determined location in Indiana. This announcement means the company will grow by another 500 jobs as it prepares to open its third location in Hancock County.

The developer of lithium-ion batteries for hybrid, plug-in electric and electric vehicles will invest $237 million to lease and equip more than 200,000 square feet of Building 1 located at Axcess70 at Mount Comfort Road in Hancock County.
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DMS Ranked Among Top 50 Women-Owned Businesses in Indiana

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Diversified Marketing Strategies (DMS) has been named one of Indiana’s Top 50 Women-Owned Businesses by diversitybusiness.com, b2b Web portal for DiversityBusinesss, the largest organization of diversity owned businesses in the United States with more than 48,000 members.

Diversitybusiness.com ranked DMS 17th among businesses owned by Hoosier women.

“Having a diverse group of people who bring fresh and innovative ideas to the table is a big part of why DMS has thrived for more than two decades,” said Andrea M. Pearman, Founder and Creative Commander of DMS. “Companies that let gender, race, age or physical challenges blind them to talent are only hurting themselves.”

Award winners will be honored at the 10th Annual Multicultural Business Conference in Washington, D.C. in April.

Indiana Leading Indicators Index Rises

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While the Leading Index for Indiana (LII) for December continues “its unenergetic climb,” for the first time since its release in October of last year, the state economic indicator was higher than it was a year earlier.

The LII, produced by the Indiana Business Research Center at Indiana University’s Kelley School of Business, increased by 0.2 in December to 96.4. The index limped up in November and improved at a slightly faster pace in December.

Timothy Slaper, director of economic analysis at the IBRC and director of the index project, said several factors contributed to a stronger rise more recently, including an up-tick in the Dow Jones Transportation Average, the continued large interest rate spread and a strong up-tick in the purchasing managers’ index. Other components of the index are lagging behind, especially the sentiment of home builders, he said.
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Notes: Asian Carp DNA Found in Lake Michigan

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Though the U.S. Supreme Court refused to order shipping canals in Chicago closed to prevent the spread of Asian carp into Lake Michigan, Asian carp DNA has now been identified in the lake itself. The discovery is spurring regional and federal action as Michigan, Minnesota, New York, Pennsylvania, Ohio, Wisconsin and the Canadian province of Ontario are all now demanding that Illinois waterways be closed.

Economic developers in northeast Indiana are putting aside differences in order to come together and bring jobs to the region.

Casino revenues in Indiana are likely set for a long-term slide thanks to increasing competition from other states.

Legislation that would ban smoking indoors in most public spaces, with the exception of casinos and other gambling businesses, is moving forward.

The Indiana Department of Corrections has finally agreed to pay for a new $4 million work release center in South Bend.

Elkhart has approved a tax abatement for Vixen, a manufacturer of RV parts which has committed to a $6.1 million upgrade project that will create 34 jobs in the area by 2012.

Evansville city officials have acquired the final piece of property they needed to begin demolition for the downtown arena project.