A northern Indiana businessman is looking for funding to build a $12 million baseball stadium in Elkhart.
The Kokomo Common Council passed a $2.64 million economic development plan by a 7-2 vote yesterday.
Businesses and nonprofits in Lake and Porter counties got about $22 million in stimulus funds.
The Indiana Chamber Executives Association named Rod Henry, head of the Terre Haute Chamber of Commerce, as its executive of the year.
Steel Dynamics, Inc. (Fort Wayne) has begun commercial production of Standard Strength rails that meet all current AREMA specifications. The Structural & Rail Division at Columbia City, Indiana, produces this rail in lengths up to 240 feet and is capable of producing 300,000 tons of rail per year.
The company also announced that our Standard Strength rail, after extensive internal research, development and evaluation, has been tested and qualified by the first of the seven North American Class I railroads that are potential customers. Shipments are expected to begin in the second quarter. Evaluations by other Class I railroads are underway and are expected to result in additional approvals in the near future.
Dick Teets, President and COO of SDI’s Steel Operations, stated, “We believe the renewed emphasis on both freight and passenger rail transportation in North America provides a unique growth opportunity for Steel Dynamics. We expect the investments we have made, our cost advantage, and our focus on delivering differentiated, quality products will allow SDI to grow quickly to become a major provider of rail to all of the North American railroad industry.”
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Lt. Governor Becky Skillman announced the availability of $4.5 million in competitive grants for energy efficiency upgrades. Indiana small businesses, health care facilities, institutions of higher education and non profit agencies are all eligible to apply for the grants. The program will make grants up to $100,000 for any energy efficiency retrofit project available with a 50% local match.
The grants are part of the Indiana Energy Efficiency and Conservation Block Grant (EECBG) program, which is part of the American Recovery and Reinvestment Act stimulus package that came to Indiana from the U.S. Department of Energy (USDOE). It is administered by the Indiana Office of Energy Development (OED).
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The Obama administration has unveiled a $2.2 billion plan to restore the Great Lakes.
Purdue University may outsource its vehicle maintenance, rental and charter bus services.
Muncie may eliminate the mayor and city council as part of a city/county government merger.
Terre Haute’s Super Kmart is downsizing.
A total of 70 Hoosier companies from throughout the state are being honored this year as a “Best Place to Work in Indiana” for their strong workplace environment that values employees. The program, now in its fifth edition, is managed by the Indiana Chamber of Commerce.
Forty-seven of the 70 companies received the same designation last year. For 21 companies that made the 2010 list, it was their first time taking part in the evaluation.
The program honors the top companies in the state, as determined through employer reports and comprehensive employee surveys. Winners were selected from two categories: small to medium-sized companies of between 25 and 249 employees (in Indiana or total nationally if there is a parent company) and large-sized companies consisting of 250 or more employees (in Indiana or total nationally if there is a parent company). Out-of-state parent companies were eligible to participate if at least 25 full-time employees are in Indiana.
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Duneland Economic Development Company (DEDC) President, Mark Chamberlain, has recently announced the election of officers for 2010. Mr. Chamberlain has been elected to continue as President while Patricia Carlisle was elected as Vice-President, Heather Ennis as Treasurer and Toni Biancardi as Secretary. Other members of the Board include Rick Hokanson, Gayle Polakowski, Davis Lasser, Bernie Doyle and Brock Lloyd.
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A $52 million canal in downtown Jeffersonville would eliminate frequent flooding and boost economic development.
Demolition work on the $28.8 million Maplecrest Road extension in Fort Wayne has gotten underway.
A truck parts factory in Elkhart will close in May, putting 225 people out of work.
The Michigan City Community Enrichment Corporation announced $750,000 in grants to 57 groups yesterday.
One Southern Indiana has announced that Centennial Graphics Group will locate its headquarters in New Albany, eventually bringing 48 new full-time jobs and $2.7 million in capital investment to the area.
Centennial Graphics Group will function as an umbrella corporation consolidating several graphics, publishing, and bindery operations. This new corporation will also serve Automobile Heritage Publishing & Communications, LLC, an existing publishing enterprise based in Southern Indiana. Centennial Graphics Group will bring an expanded line of fine binding, foil stamping, and personalization and textbook rejuvenation to this publishing arm.
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The Indianapolis Airport was ranked No. 1 in customer service by J.D. Power and Associates.
The Illiana Expressway saga just gets weirder and weirder.
Two Movie Gallery stores in Kokomo are among the many nationwide being closed by the bankrupt retailer.
Vortek Surgical is moving from Indianapolis to Brownsburg, where it plans to expand, creating 60 new jobs.
Nationally, industrial output rose for the seventh straight month, and home construction hit a six-month high.
Jimmy D. Staton, a NiSource executive with an extensive background in the electric and gas utility business, will take over as Executive Vice President and Group CEO of Merrillville-based NiSource, the company announced today.
Staton steps into the role vacated by Eileen O’Neill Odum, who is resigning her position at the end of the month to spend more time with her family.
Odum has led NiSource’s Indiana business unit since December 2007.
Previously, Staton was Executive Vice President and Group CEO of NiSource’s Gas Distribution business.
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