Daily Archives: January 27, 2010

Zipp Investing $12 Million in Indy Expansion

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Racing bike component maker Zipp Speed Weaponry will expand its design and manufacturing operations in Indianapolis, creating 105 new jobs by 2013.

The company, which designs and manufactures wheels, bars and accessories for racing bicycles, will invest $12.4 million to construct a new 70,000-square-foot manufacturing and customer service center on the city’s northwest side.

Zipp, an international company with more than 50 percent of its sales outside of the United States, currently employs nearly 130 Hoosier associates at its manufacturing and design operations in Speedway. The company plans to begin hiring additional manufacturing and customer support associates in the second quarter of 2010 in preparation for commencement of operations at the new facility in July.
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Express Scripts Consolidating in Indianapolis

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Pharmacy benefits management company Express Scripts will consolidate operations in Indianapolis, creating 182 jobs by 2012.

Express Scripts’ entry into Indiana comes in the wake of its 2009 acquisition of Indianapolis-based Wellpoint’s NextRx subsidiaries. The agreement, which was completed in December, called for Express Scripts to take over NextRx’s pharmacy benefits management services, including home delivery and specialty pharmacy services. The Fortune 500 company will invest $5.17 million to consolidate its specialty pharmacy operations to the facility formerly occupied by NextRx near the Indianapolis International Airport.

Headquartered in St. Louis, Express Scripts employs 12,500 associates throughout the United States and Canada. The company, which handles millions of prescriptions each year, plans to begin hiring additional pharmacy technicians in the next month.
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Notes: Toyota Shutdown Not Leading to Layoffs Yet

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Toyota is suspending production of some of its most popular models in order to fix a problem with sticking gas pedals. The move won’t result in in any immediate layoffs at two Indiana factories.

Minor league basketball is returning to Elkhart thanks to five-year sponsorship deal with McDonald’s that puts the defunct Elkhart Express team back on the court.

Delaware County is hopeful that it can get its act together on property tax collections this year.

The Indiana Senate Appropriations Committee has apparently killed any possibility of allowing Indiana’s riverboat casinos to relocate on dry land.

Indianapolis-based WellPoint exceeded expectations in Q4 but lowered its 2010 projections.

Job and economic development announcements are expected today from Speedway and Express Scripts.

Legislation that would allow employees to bring guns to work has passed both the House and Senate.

Vigo County stands to gain as much as $2.6 million for transportation projects from the pending federal “Jobs for Main Street Act of 2010.”