Notes: Business Investment in Lafayette Up in 2010 Over 2009

The Greater Lafayette Chamber reports that the region has added more than 25 new businesses and $430 million in investment.

That’s an additional $90 million more than the investments made in all of 2009, said Jody Hamilton, director of economic development at Greater Lafayette Commerce.

The report shows Greater Lafayette is on the right track toward economic recovery, Hamilton said.

“There’s certainly more work that needs to be done with the recovery, but for the most part, it’s definitely a positive outlook in the direction that our community is heading,” she said.

Chrysler and Kokomo have resolved their property tax differences.

U.S. Steel has gotten the go-ahead to build a new coke substitute facility in Gary.

The Evansville CVB has officially endorsed a proposed sports complex.

Notes: Indianapolis Eyes Parking Meter Privatization Deal

Indianapolis is examining a a $1.2 billion deal to privatize the city’s parking meters.

A private company pays to install hundreds of electronic parking meters. Customers pay a higher rate for the first time in 35 years but now can pay with credit cards. The city collects $400 million over 50 years to repair crumbling streets and sidewalks.

Everyone wins, right?

The pitch from Mayor Greg Ballard’s administration is compelling. But a proposed deal to sell the city’s parking meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately apparent in the talking points.

Delaware County is pursuing alternatives to a shovel ready site.

Justin Norman keeps trying to win over union workers in his bid for GM’s Indianapolis stamping plant.

Some Elkhart residents want a local recycling operation shut down.

Another fight over Indiana’s liquor laws is brewing for the 2011 legislative session.

National Guard training in Terre Haute injected about $1.1 million into the local economy.

Delphi Details Kokomo Expansion Plans

Delphi Automotive LLP plans to expand its Kokomo Corporate Technology Center (CTC) site, which houses the world headquarters of the company’s Electronics & Safety division and one of its largest and most advanced technical centers.

The plans for the CTC site will allow Delphi to consolidate its engineering team into a locally centralized Delphi facility. To enable this consolidation, Delphi plans to construct a new lab building and a utility facility to support the operations on the CTC property southwest of the Lincoln Road and Goyer Road intersection.

Delphi is finalizing plans for the CTC site and the Morgan Street facility that will result in an investment of approximately $25 million.
Continue reading

Notes: Today is Free Idea Day

Need a great idea to promote your brand and build your business? Then join Diversified Marketing Strategies today at the Avalon Manor in Merrillville for the 2010 Idea Show.

There is no cost to attend. More than 30 national suppliers will be on hand to present the latest in promotional and wearable items, new and unique trade show giveaways and holiday gifts for client appreciation, and safety incentives for clubs, sports and organizations.

The 2010 Idea Show runs from 10 a.m. to 3 p.m.

A new Courtyard by Marriott opens Wednesday in Fort Wayne.

IU has received $5 million to boost neutron research.

A trio of events is expected to drive hotel and restaurant business in Indianapolis this weekend.

NWI Gets $630,000 for Clean Air Initiative

Residents of the Chicagoland area and Great Lakes region may be breathing easier as early as this fall thanks to a federal grant that will partially fund work by a Northwest Indiana nonprofit to improve air quality over Lake Michigan.

The U.S. Environmental Protection Agency Region 5 Midwest Clean Diesel Initiative has awarded a grant of more than $630,000 to South Shore Clean Cities Inc. The nonprofit organization will manage a $1.2 million project in which older, diesel-powered marine vessels will be retrofitted with newer, more efficient and environmentally friendly technology. The remaining cost will be funded by a match from a private organization.
Continue reading

Study Details Indiana’s Manufacturing Industry

Finding work in Indiana’s manufacturing plants was tough even before the recent Great Recession wiped out thousands of jobs, but some parts of the state have fared better than others, a new study from Ball State University reveals.

Indiana’s Manufacturing Employment Trends, from Ball State’s Center for Business and Economic Development (CBER), finds that from 1973 to 2007, counties suffering the most job losses were clustered in east central and northwest Indiana.

The top 10 counties for job losses included Lake, Marion, Madison, Allen, Vanderburgh, Grant, Howard, Delaware, St. Joseph and LaPorte. These areas suffered heavy job losses and plant closings because of a heavy concentration of facilities focusing on machinery, electronics, computers, electrical appliances and auto components, according to the study.
Continue reading

Indiana Gets $23 Million for Disaster Mitigation Efforts

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded nearly $312 million to 13 states to invest in efforts to reduce the human, physical, and economic toll of future disasters.

Indiana received the sixth-largest allocation at $23,208,985.

The grants are provided through HUD’s Disaster Recovery Enhancement Fund (DREF) and are intended to encourage states to undertake activities and long-term strategies that focus on reducing damages from future natural disasters. The DREF was established to support the long-term recovery following dozens of natural disasters in 2008.
Continue reading

Notes: LiUNA Rallies to Build Indiana

The Laborers’ International Union of North America mobilized more than 200 construction workers in Northwest Indiana to call for federal funds to rebuild the state’s roads and bridges.

“Today in Indiana, one in four construction workers are out of work while one in four bridges need repair,” said David Frye, Indiana district council of the Laborers’ International Union of North America. “All that’s missing is the commitment to invest in building our country and our state. We need the Senate to pass a new transportation bill now.”

Rieth-Riley Construction’s Doug Robinson said his industry faces long-term uncertainty and the construction work force nationwide has suffered more than the average industries.

“Many of our regular full-time field employees have worked only sparingly this year. Our office is regularly swamped with construction job-seekers,” Robinson said. “Work needs to be done now to ensure that this great transportation system that’s been developed over the decade doesn’t become irreparable.”

The Kokomo/Howard County Convention and Visitor’s Bureau’s plan to retire the bonds for the Kokomo Event Center by the end of the year has hit a snag.

Fort Wayne is getting tired of waiting for an overdue condominium development to get going.

Shelbyville OKs New Intelliplex Building

Following a unanimous vote by the Shelbyville City Council, Mayor Scott Furgeson announced formal plans to construct a 50,000-square-foot multi-use flex building in the Intelliplex technology park.

Groundbreaking for the new building is expected to take place in September, and the facility is expected to be open for business in the second quarter of 2011. The interior of the building will be designed to allow new businesses to customize their work space, according to the Mayor.
Continue reading

Sperry & Rice Consolidating in Brookville

Sperry & Rice Manufacturing Co. LLC will consolidate some operations from its Killbuck, Ohio facility into an existing plant in the Franklin County town of Brookville.

The move is expected to add up to 40 new jobs in Brookville by the end of 2010. Sperry & Rice produces rubber seals and hoses for the appliance, automotive and truck and bus industries.
Continue reading