Daily Archives: May 4, 2010

Notes: Build Indiana Summit Thursday

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The Third Annual Build Indiana Summit will be held Thursday in Merrillville.

Indiana Secretary of Commerce Mitchell Roob will give the keynote address, discussing the advantages for business in Northwest Indiana and the state as a whole. Roob is also CEO of the Indiana Economic Development Corp., a state agency.

The unveiling of the Landrum & Brown business and strategic plan for the Gary airport will be one of the highlights of the morning event, which runs from 7 a.m. to noon. Welcoming remarks begin at 7:50 a.m.

A panel discussion on the Illiana Expressway will include Ed Paesel of the Chicago Southland Economic Development Corp.; Indiana State Rep. Ed Soliday; Northwest Indiana Forum interim CEO Mark Maassel; and Northwest Indiana Regional Planning Commission Executive Director John Swanson.

To attend, visit buildindianaconference.com

Fueled by public projects, overall construction spending increased in March.

Subaru models made in Lafayette helped Subaru of America to its best April ever.

Delaware County is getting $1 million from the state to replace a 105-year-old bridge.

Courier Corp. in Kendallville is undergoing a $17 million expansion.

The La Porte city council approved continuations of tax abatements for three local companies which have met investment, but not hiring, goals.

GM has reinstated Tim Martin’s Buick GMC in Plymouth.

Jeffboat workers in Jeffersonville are back on the job after ratifying a new contract Sunday.

Hydraulics Company Expanding in Richmond

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Elevator Equipment Corporation, a Richmond-based manufacturer of hydraulics for the passenger and freight elevator industry, will invest $150,000 in new machinery, retain fifty-two jobs and create fourteen new jobs in the next eight to ten months after landing a three-year contract to make hydraulic jacks for a major elevator manufacturing company.

The EDC of Wayne County has provided an EDIT grant of $10,180 to be used to assist with the purchase and installation of new machinery and/or for training of new employees. The company has also received a ten-year tax abatement from the city of Richmond for equipment. According to EDC Board Chairman, Kevin Ahaus, this is the fifth project the EDC has partnered with this year. Ahaus says, “We’re pleased to be able to work with Elevator Equipment Corporation on their new expansion. Activity at the local level appears to be picking up and we’re glad to be able to provide assistance to local businesses as they create new investment in Wayne County.”

Since January of 2009, the EDC of Wayne County through its EDIT fund has assisted existing businesses in the commitment to the retention and creation of over 160 jobs and provided training assistance funds to 13 companies. These projects have resulted in over $13.5 million in new investment in Wayne County. The county’s consolidated EDIT fund comes from funding provided by partnering towns in Wayne County who have agreed to provide half of their EDIT proceeds yearly for county-wide economic development. Partners in county-wide economic development currently include Wayne County as well as the towns of Cambridge City, Centerville, East Germantown, Economy, Hagerstown, Milton, Mt. Auburn, Richmond, and Whitewater.