The Indy Partnership Blog

Bioscience Infrastructure was key to landing Medco

2007-11-15T06:06:00.000-08:00

Artilce by John Ketzenberger of the Indianapolis Star

Corporate executives work hard to say little, especially at big public announcements.

That's why local economic development officials beamed when Medco President Kenneth Klepper contrasted Indianapolis and Louisville, the finalist cities for a $150 million "flagship" distribution center.

"It's the work force, of course, but it's the city," Klepper said of why Medco chose Indianapolis.

"We're going to be bringing a lot of people into the city, through our facility. This is a place we know they're going to be very welcome and eager to come to."

This wasn't always the case for the burgeoning bioscience industry. Just ask John Mills, who started BioStorage Technologies in 2002.

"I would say, there was limited interest in what we wanted to do," Mills said. His company of 40 employees stores and ships biological samples for about 60 client companies. He has plenty of interest now, including $8.3 million in venture capital.

Medco, BioStorage and many other life-sciences companies aren't here by accident. They're investing here because the 50 CEOs who populate the Central Indiana Corporate Partnership realize it makes sense to play off the region's strengths.

"An event like this connects the dots for many people," said David Johnson, president of BioCrossroads, the first of CICP's efforts.

The area's work force, which Johnson said "has been trained, grown up and works in a (Food and Drug Administration)- compliant world," is an obvious dot.

Getting that work force to a position that passed muster with Medco was less apparent. Medco diced data so fine that the company knows where clusters of pharmacists live in the area.
Indiana has a deeper pool of pharmacists than most places because it has two of the nation's 100 pharmacy schools.

Medco was impressed to learn Lilly Endowment pumped $50 million into those schools last year, ensuring a pipeline of potential employees.

Remember, it was a pharmacist who created Eli Lilly and Co., the engine for much of the area's life-sciences assets, including medical devices and a large services industry.

Full text Indy Star article click here

Medco Sold on Indianapolis Region's Workforce

2007-11-13T12:01:00.001-08:00

When Medco Health Solutions began scouting the country last year for a site to build a massive pharmacy the size of six football fields, the New Jersey company had one ironclad requirement.

The winning region had to have enough skilled workers — pharmacists, technicians and engineering experts — to staff an enormous, mail-order operation that could dispense more than 1 million prescriptions a week.

Medco officials considered 21 cities, using computer models to analyze the work-force pools before deciding it liked what it saw in Central Indiana: two pharmacy schools at Purdue and Butler universities that together turn out about 300 graduates a year, along with a technical program at Ivy Tech that could provide plenty of technical and distribution workers to operate a highly automated facility.

Medco, one of the nation’s largest pharmacy distribution companies, announced Monday that it would invest $150.million in a new facility that will employ 1,300 people by 2012.
About 120 positions will be pharmacists, with the rest consisting of pharmacy technicians, engineers, information technology specialists and managers.

Workers will make from $40,000 to $100,000 a year. The company will pump an annual payroll of about $60 million into the region.

Full text article courtesy of the Indy Star

Business Incubator Planned for Hancock County

2007-11-13T09:25:00.000-08:00

An economic development and workforce strategies firm is establishing a business incubator in Hancock County. Thomas P. Miller and Associates says the incubator will focus on small businesses in early stage growth. The company says it will provide services including, business coaching and technology transfer to the companies.

Innovation and entrepreneurism are a vital part of a community’s economic development effort. “We are announcing today the establishment of an incubator at the Thomas P. Miller and Associates (TPMA) building off of I-70 and Mt. Comfort Road in Mount Comfort, Indiana” stated Tom Miller, President, of Thomas P. Miller and Associates, a nationally recognized firm specializing in economic development and workforce strategies. “This incubator is focused on launching and assisting small businesses in their early growth” said Miller.

For more information regarding the Indianapolis region, please visit www.indypartnership.com.

Chase to Add 125 Former Nelnet Employees to Indianapolis Operations

2007-11-08T10:39:00.000-08:00

Chase continues to expand its Student Lending business with two key investments in staff and technology.

The investments are:

Hiring about 125 experienced staffers made available through atransaction with an industry
competitor
Opening a state-of-the art loan servicing center in Mississippi

“Chase continues to expand our student lending business so we can help more students and their families access higher education,” said Danny Ray, president of Chase’s student loan business, part of JPMorgan Chase (NYSE:JPM). “With more people and new technology, we can do a better job for all of our customers.”

The former Nelnet employees in Indianapolis agreed to join Chase by Dec. 1.

In addition, Chase will sublease most of Nelnet’s office space in Indianapolis, which adds a second Student Lending originations facility in the city.
The additional employees will accelerate Chase’s plans to expand its loan-origination staff.
“This is a terrific opportunity to add experienced, knowledgeable loan originators to our staff,” Ray said.

Late last month, Chase celebrated the opening of a multimillion-dollar call center and student loan-processing facility for 275 employees in Madison, a suburb of Jackson, Miss.

For more information on the finance and insurance industries in the Indianapolis region please visit: http://www.indypartnership.com/.

Study Shows Indiana College Towns are Affordable

2007-11-07T07:50:00.000-08:00

The importance of having a strong education system cannot be overstated enough in economic development and the Indianapolis region is lucky to have one of the nation's best. With nearly 60,000 total degrees awarded by public and private institutions from 2005-2006, the Indianapolis region is primed to support significant jobs growth the region has seen of the past year, with more than 9,000 new jobs coming to the area.

Further, the Indianapolis region is projected to award over 18,000 Five-Year Public Graduate Business School degrees over the next four years.

Indiana College towns are not only full of eager, skilled students, but also full of affordable lifestyles. According to a study released by Coldwell Banker, found that Muncie, home of Ball State University, is the nation's most affordable college town.

The average price in Muncie for a four-bedroom, two-bath home with a two-car garage is $150,000, according to Coldwell Banker's College Home Price Comparison Index.

A similar house in Palo Alto, Calif., home of Stanford University, the most expensive college town, costs about $1.68 million.Other Indiana college towns also showed well on the list.

Purdue University and Indiana University had the most affordable housing markets in the Big Ten. Homes in West Lafayette averaged $184,333, while the Bloomington average was $198,000.

And the University of Notre Dame, in South Bend, led independents, with an average home price of $180,500.

For more information on the higher education environment found in the Indianapolis region please visit the Indy Partnership web site.

Indy ranked high on data center list

2007-10-29T13:16:00.000-07:00

By Matt Stansberry, Site editor, SearchDataCenter.com

What are the three most important considerations when building a successful data center? Location, location, location.

To that end, Princeton, N.J., location consultants, The Boyd Company Inc., recently published its list of the top data center cities in the U.S. The study compares the cost of operating a data center in 35 U.S. cities -- including 25 of the nation's largest financial centers as well as 10 other locations -- ranked by estimated annual operating costs, scaled to a data center employing 75 workers and occupying 125,000 sq. ft. of new space.

Sioux Falls, S.D. $9,684,282
Winston-Salem, N.C. $9,799,928
San Antonio, Texas $10,314,249
Birmingham, Ala. $10,340,534
Ames, Iowa $10,378,916
Charlotte, N.C. $10,440,123
Indianapolis, Ind. $10,451,796
Tulsa, Okla. $10,452,228
Des Moines, Iowa $10,480,298
Columbus, Ohio $10,499,091

The Indianapolis market is the only large midwestern city on the list.

To read full story click here or for more information on the Indianapolis region please visit www.indypartnership.com.

Indiana Workplace Injuries Decline

2007-10-17T05:23:00.000-07:00

Workplace injuries and illnesses in Indiana declined more than 5 percent from 2005 to 2006 even with an increase in the number of Hoosier workers, according to the 2006 Bureau of Labor Statistics’ Survey of Occupational Injuries (BLS SOII).

There were 8,000 more workers in the state in 2006, but the injury and illness rate declined from 5.8 per 100 workers in 2005 to 5.4 in 2006, a 5.2 percent decline, the report said.

Indiana is home to the second lowest workers' compensation rate in the country, leading many employers to choose the Indianapolis region as a place to expand or start their manufacturing facility. As an employer within advanced manufacturing operations, having a team that knows how to put safety first is vital in today's environment. Just one injury can cost a company tens of thousands of dollars in lost productivity and health care bills. This gives Indiana a competitive advantage and is a major reason why our manufacturing workforce is considered among the best in the country.

For more information on the Indianapolis region's manufacturing enviroment please visit our web site.

Life Sciences Company Brings Headquarters to Indianapolis

2007-10-10T12:17:00.001-07:00

Arcadia Healthcare has announced plans to invest more than $3 million to relocate its national headquarters from Detroit to Indianapolis. The company says it will create more than 400 new jobs by 2010, hiring managers, pharmacists, pharmacy technicians and sales staff.

Indianapolis Economic Development led the deal and the State of Indiana chipped in with a competitive incentive package.

The relocation of the company’s Southfield, Mich., corporate headquarters comes as it readies the national launch of DailyMed™, a drug packaging system that puts patients multiple prescription and over-the-counter medicines and vitamins into a roll of single dose packs labeled with the dates and times the patient should take the medications.

As part of its relocation to Indiana, Arcadia is developing a relationship with the state’s Family and Social Services Administration to market DailyMed™ to the more than 100,000 Medicaid recipients as well as the 1.7 million Hoosiers enrolled in Medicare.

This announcement comes at the heels of many other positive indicators in 2007 for Indiana's thriving life sciences environment which includes: Eli Lilly, Cook, Inc, Roche Diagnostics and Dow AgroSciences.

California-based Beckman Coulter Inc. announced that it will shutdown a centrifuge development and manufacturing facility in Palo Alto, Calif., and move its operations to central Indiana. The Palo Alto facility employs 220 people. Related link
Enzon Pharmaceuticals says it is closing its manufacturing operations in South Plainfield, N.J., and moving them to the company's Indianapolis location, impacting about 50 employees. Related link
BIO and Battelle ranked Indianapolis #9 in total number of life sciences employees. Related Link
Oxford England-based, BioSignals, has chosen to move its Global Headquarters to Carmel, Indiana. Over the next five years, they will create over 120 jobs. Related link

For more information on the life sciences industry found in the Indianapolis region, please visit our web site.

Indiana University MBA Program Tops National List

2007-10-09T07:31:00.001-07:00

Indiana University in Bloomington, located just 40 miles south of Indianapolis, is known for big-time basketball and for having a wide-variety of curriculum. Now MSN.com is recognizing the Kelly School of Business MBA program, which ranked ahead of Harvard's MBA program in a recent article.

The Indianapolis region continues to support one of the best university environments found anywhere in the country. With nearly 60,000 total degrees awarded by public and private institutions from 2005-2006, the Indianapolis region is primed to support significant jobs growth the region has seen of the past year, with more than 9,000 new jobs coming to the area.

Further, the Indianapolis region is projected to award over 18,000 Five-Year Public Graduate Business School degrees over the next four years.

For more information on the higher education environment found in the Indianapolis region please visit the Indy Partnership web site.

Food Company Adds 1,000 New Jobs

2007-10-04T11:46:00.000-07:00

by Ted Evanoff, Indy Star

Stung by the loss of bus and auto-parts factories, east-central Indiana has landed what someday could be as many as 1,000 jobs cooking, packing, selling, shipping and dreaming up meals made of organic food.

Really Cool Foods LLC, an ambitious new supplier to Trader Joe’s, Whole Foods and other grocers, said Wednesday that its main food preparation plant and U.S. operations office will locate on 52 acres.

The company, based in Manhattan, announced its plans at a news conference Wednesday near Cambridge City, a town of 2,000 in Wayne County about 55 miles east of Downtown Indianapolis.

Full story

Bioconvergence Adds New Jobs

2007-10-04T11:27:00.000-07:00

BLOOMINGTON, INDIANA – October 4, 2007– BioConvergence LLC, a Bloomington, Indiana-based contract solutions provider to the biotech and pharmaceutical industries, recently added seven new members to its staff, including three new management positions to serve its growing client base.

These additions bring the total to 25 with educational backgrounds which include high school, associate, bachelor, master, doctorate and post-doctoral graduates. The combined total years of pharmaceutical experience these individuals possess exceeds 200 years. This experience has and will continue to be key to starting client projects quickly and delivering quality results on time.

For more information on the life sciences industry in the Indianapolis region, please visit the Indy Partnership web site at www.indypartnership.com.

Source: Bioconvergence

Major Tool Adds 50 New Jobs

2007-10-01T10:55:00.000-07:00

Major Tool & Machine, a leading engineering, fabrication and machining services company, announced today it will expand its operations here, creating more than 50 new jobs.

The family-owned company will invest $20 million to add 150,000 square feet of manufacturing space and automated production equipment to its eastside operations.

The expansion follows the company’s contract award to manufacture steel centrifuge casings for USEC’s new American Centrifuge Plant in Piketon, Ohio.

For more information on manufacturing within the Indianapolis region, please visit the Indy Partnership web site.

Indy Real Estate Market Ranked Second on CNN

2007-09-26T10:58:00.000-07:00

The Indianapolis real estate market continues to receive national attention for its low cost real estate market. Earlier this year, Forbes ranked the Indianapolis region as the nation's most affordable and for seven straight quarters, the the National Association of Home Builers also had the Indianapolis MSA at the top of its list.

CNN's report discusses cities where the highest growth potential for real estate bounceback in 2008 and 2009.

For more data and information on the Indianapois region's housing market visit http://www.indypartnership.com/.

Hoosiers Public School Scores Rise

2007-09-25T11:49:00.000-07:00

Indiana now ranks seventh in the nation for math at grade 4, up from 21st place two years ago. Indiana eighth graders come in 17th in the nation in math. That's unchanged from 2005.

In reading, Indiana ranks 27th in the nation at grade 4, up from 31st place two years ago. Indiana is 25th in grade 8 reading, up five places from two years ago.

Full release click here

For information on the Indianapolis region's education data please visit our web site at www.indypartnership.com and click on 'information warehouse.'

International Company Adds 300 Jobs

2007-09-20T06:54:00.000-07:00

Teleperformance USA is adding 300 call center jobs in Fishers, making it one of Hamilton County's largest employers.

The new employees for the outsourcing conglomerate, Teleperformance USA, will be paid about $9 an hour to answer customer phone calls for a telecommunications company.

The expansion will bring the number of employees at the Fishers site to 525 and increase the payroll to $11.5 million.

Full Indy Star Story

Cook Medical Continues to Grow

2007-09-19T07:44:00.000-07:00

Source: Cook Medical
Buoyed by the rapid worldwide success of its Women’s Health division and rising demand for products from its Urology division, Cook Urological, a Cook Medical company, will embark next year on an ambitious two-year expansion plan, company officials said today. The construction, which will double the existing manufacturing space, will begin in mid-2008 and should provide sufficient additional manufacturing capacity to meet anticipated sales growth for the next five years.

The expansion plan, which is still under review, will add approximately 50,000 square feet to the facility’s current footprint of 104,000 square feet. When completed, the remodeled plant will devote the majority of its space to manufacturing operations; some Cook Urological employees in marketing, administrative and other non-manufacturing positions will move to Cook Medical’s global headquarters on Bloomington’s westside to provide additional production space in Spencer.

Flodraulic Group Moves to Hancock County

2007-09-19T07:37:00.000-07:00

Flodraulic Group, a national distributor of hydraulic, pneumatic, and lubrication components, announced today it will relocate its facility here to nearby Mount Comfort, creating 11 new jobs.

The company will invest more than $2.6 million to build and equip its expanded manufacturing and distribution center and will begin hiring additional sales and production staff in 2008.

Full story courtesy of INside Indiana Business

AT&T Continues to Fuel IT Growth

2007-09-18T05:48:00.000-07:00

AT&T will announce today plans to create 475 jobs in several communities across Indiana, sinking even more resources into expanding its Internet-based TV service.

Gov. Mitch Daniels will join AT&T Indiana President George Fleetwood in Anderson for the afternoon announcement.

AT&T spokeswoman Molly Cornbleet said the jobs will be for service technicians, responsible for installing U-verse and upgrading the company's fiber-optic network to handle video. U-verse is AT&T's brand of Internet Protocol TV, or IPTV, a method for transmitting television signals over a broadband Internet connection rather than a satellite dish or cable line.

Cornbleet declined to give specifics about which cities will get the jobs or what the U-verse technicians would be paid.

So far this year, AT&T has vowed to create about 1,000 jobs at call centers in Indianapolis and Evansville. Today's announcement will bring that total to nearly 1,500.

Zotec to Merge, Remain in Indianapolis

2007-09-13T05:57:00.000-07:00

Zotec Partners LLC announced today that it has merged with EmPhysis Medical Management, a leader in physician practice management for radiology, anesthesiology and pathology with corporate headquarters in Rockwall, TX and satellite offices in OK and CO. This is the third major announcement in the past five months for Zotec Partners; a solutions firm providing state-of-the art proprietary medical billing services and licensed software to hospital-based physician specialty practices across the U.S. Financial terms of the agreement are not disclosed.

Headquarters will remain in Indianapolis, IN, where Zotec Partners has been based for 9 years. Zotec Partners will service over 5,500 physicians across more than 44 states. The company is the exclusive Platinum Sponsor of the Radiology Business Management Association and is an active participant in the American Society of Anesthesiology and the College of Pathology. This partnership will come without interruption to clients.

Full Press Release from INside Indiana Business

Over 30,000 People Apply for Jobs at New Honda Plant

2007-09-13T05:50:00.000-07:00

Some 30,296 people filed online applications for the 2,000 production jobs expected to be available at the plant, Honda said. The number of applications is nearly three times the population of Greensburg, where the factory is being built.

"That's a huge number and this is very satisfying to us," said Honda spokesman David Iida. "Now, if Hoosiers produce cars with the same passion as they play basketball, we'll all be in great shape."

Honda plans to produce 200,000 Civic sedans a year after its new factory reaches full production. It is being built on 1,700 acres along Interstate 74 and is expected to open in the fall of 2008.

Full IBJ Story

Dow AgroSciences Aquires St. Louis Life Sciences Company

2007-09-11T12:29:00.000-07:00

Chlorogen Inc., once one of the St. Louis region's most promising plant science startups, has ceased research operations and is selling off its technology, said President and Chief Executive David Duncan on Monday.

The company, based in Creve Coeur, announced it has sold to Indianapolis-based Dow AgroSciences LLC exclusive rights to its biotech crop technology for use in developing animal vaccines. Dow also has a non-exclusive right to use the approach in developing biotech crops.Financial terms were not disclosed, but Duncan said this is not the largest transaction Chlorogen expects as it winds down operations. Duncan, the only one remaining of the company's dozen employees, said he still hopes a "golden parachute" of funding will materialize to re-start operations — but he's pursuing the sale of its remaining technology assets.

Source: STLToday.com Full Article

Local Marketing Software Company Going Public

2007-09-10T06:55:00.001-07:00

The Indianapolis region is continuing to see a surge in software companies looking to expand and grow. In August, local e-learning software company, Angel Learning, announced an expansion which included the construction of a new headquarters building and plans to add 150 jobs by 2012.

Now Aprimo Incorporated, a global leader in providing software that accelerates marketing productivity, announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Aprimo has applied to have its common stock listed on the NASDAQ Global Market under the symbol “MKTG.”

Source: Aprimo Inc web site

Lauth to build distribution park in Plainfield

2007-09-07T10:27:00.000-07:00

Lauth Property Group today announced it has closed on the land for one of area’s largest distribution parks. Westpoint Business Park will feature ten Class-A distribution buildings, totaling over 7.1 million square feet. Westpoint will be strategically located on 555 acres in the Plainfield submarket at I-70 and State Road 39.

It offers easy access to the I-70 and I-65 distribution corridors and the Indianapolis International Airport.

Click here to read full story from INside Indiana Business.

The Indy Partnership to sell the Indianapolis Region at CB Richard Ellis World Conference

2007-09-05T09:36:00.000-07:00

Indianapolis, IN (September 4, 2007) — Real estate brokers from across the world will be in Toronto at the 2007 CB Richard Ellis World Conference later this week. The Indy Partnership will share the benefits of doing business in the Indianapolis region with more than 3,100 CB Richard Ellis brokers and real estate executives.

“This conference is a great opportunity for the Indy Partnership to share information with a global real estate audience,” said Gordon Hendry, interim president and CEO of The Indy Partnership. “In promoting the Indianapolis region, we hope to bring more jobs and investment here.”

Prior to the conference, the Indy Partnership contacted conference attendees using e-marketer ExactTarget, one of the region’s growing companies assisted by the Indy Partnership in 2006. Highlighted were recent economic development successes such as Arbonne International, Beckman Coulter and Veolia Water.

David Reed, Managing Director of CB Richard Ellis/ Indianapolis assisted with the Indy Partnership’s participation in this leading real estate conference, including a booth on the trade show floor.

“We are pleased to have the Indy Partnership join us at this event to show the world why the Indianapolis area is a premier commercial real estate market,” said David Reed.

In June, the Indy Partnership hosted a CB Richard Ellis top life sciences broker at the U.S. Grand Prix. The Indy Partnership will join CB Richard Ellis’ international life sciences group during the conference along with other top executives of the company.

Attending the conference on behalf of the Indy Partnership are Hendry and Scott Fulford, Director of Business Development. Local economic development partners joining the Indy Partnership include:
Kristie McKillip from the Boone County Economic Development Corporation
Jeff Burt from the Hamilton County Alliance
Jeb Conrad from Indianapolis Economic Development
Bill Petranoff from Duke Energy

Duke Realty and Lauth Property Group, investors of the Indy Partnership, will also be attending the event.

The conference is scheduled for Wednesday, September 5th through Friday, September 8th. Former Vice President Al Gore will be the keynote speaker on Thursday.

For more information on the conference, please visit:

http://www.cbreevents.com/wc2007/index.cfm

Nestlé waters to create 60 new jobs, invest over $33 million

2007-09-05T09:31:00.000-07:00

Indianapolis, IN (September 4, 2007) — Nestlé Waters announced that the company will open a new bottling facility in Greenwood, IN. Nestlé will invest over $33 million in the new facility and create 60 new jobs.

“Nestlé informed us in March of 2006 that it was considering a new location for its bottling operations. We met with them to find the best location in central Indiana for the facility,” said interim President and CEO Gordon Hendry. “We are pleased that a second major Nestlé division will invest in the Indianapolis region.”

The Indiana Economic Development Corporation, the Johnson County Development Corporation, and the City of Greenwood were instrumental in closing the deal through incentives offered to the company.

“After working with Nestle Waters for several months, I know they will be a good corporate citizen to the community. I am very excited that they chose Greenwood as their new base of operations,” said Greenwood Mayor Charles Henderson.

Nestle will lease 215,000 square foot in a newly constructed facility located at 900 Commerce Parkway West Drive, and plans to invest nearly $2 million in improvements to the facility and nearly $30 million state of the art bottling equipment. The company will be directly connected to the Greenwood municipal water system where water will be transported via underground pipeline to the bottling facility.

When operational in 2008, the plant will produce up to 1 million bottles daily of Nestle Pure Life and Nestle Pure Life Naturally Favored Water.

The Indy Partnership was also actively involved in bringing a Nestlé facility to Anderson, IN during 2006, a project which will create 400 new jobs.

Indiana's DWD Releases New Data Site

2007-08-31T12:32:00.001-07:00

The state’s labor market information Web site, Hoosiers by the Numbers, now has new county information and data available online. The County Highlights section of the department’s web site contains a wide variety of demographic and other information for each of Indiana’s 92 counties.

This new feature was developed in response to a growing demand for more detailed county-level information for a variety of economic and workforce statistics including population, education, commuting, labor force, industry, income, and firm size trends. The county highlights provide a snapshot of critical population and workforce statistics for each of Indiana’s 92 counties, 11 Economic Growth Regions, and the State of Indiana.

To access the new service, go to http://www.hoosierdata.in.gov/highlights.

SMC's New North American Headquarters Lands in Noblesville

2007-08-30T12:43:00.000-07:00

Executives from SMC joined city, state and economic development leaders today in Noblesville, Indiana to announce that SMC Corporation of America will keep its headquarters within the Indianapolis region, invest over $45 million in a new site, and create 275 new jobs.

The Indy Partnership and the Hamilton County Alliance worked closely with the company to facilitate the deal, including strategic consultation, key data points, and linking the company to the state and local officials.

Yoshiki Takada, president of SMC North America was pleased with his experience during their Site Selection process, which included looks at three other states.

"SMC would like to thank the Indiana Economic Development Corporation and the City of Noblesville for their assistance with this project. Specifically, Governor Daniels and Mayor Ditslear were personally involved in helping us build a business case to remain in the Indianapolis region,” said Takada. "The Indy Partnership and Hamilton County Alliance also provided critical support."

When it was time to make a decision, the executive team at SMC felt that the Indianapolis region's location gives them the best chance to build upon 30 years of success in North America.

“Locating the SMC HQ facility in Noblesville, Indiana gives us the opportunity to support a fast growing North American customer base with ‘World Class’ automation product offerings and customer service for the next quarter of a century,” said Takada, president of SMC North America. "This excellent mid-continent location will continue to assist us to meet our sales and market share goals.”

SMC manufactures, distributes and sells its pneumatic production equipment in 49 countries and employs more than 12,000 associates around the globe.

Indiana University Raising the Bar

2007-08-30T06:19:00.000-07:00

The Indianapolis region is known for having world class universities who support the economic engine in central Indiana. Last year, there were over 47,000 degrees conferred to students in the region for public students and over 10,000 degrees within private institutions.

Indiana University is joining the growing trend of attracting higher quality students. In fact, the school has reached its highest average SAT score for any incoming freshman class. The 7,208 freshmen who began classes this week have an average combined SAT score of 1,146, the highest ever for a freshman class and 25 points above last year's record-setting average of 1,121. The increases come in a year when the national average SAT score declined by four points to 1,017 and the state average dropped three points to 1,004.

Click here to read full story from Indiana University's web site

Record Number of Startups for Purdue

2007-08-30T06:12:00.000-07:00

Purdue Research Foundation's Office of Technology Commercialization announced a record-breaking year for start up companies formed from Purdue University-licensed technologies.

The Office of Technology Commercialization reported that 15 companies were launched in the fiscal year running from July 2006 to June 2007. The office leads the effort to bring Purdue researchers' discoveries into viable commercial enterprises in the fields of medical devices, life sciences, information technology, agriculture, advanced manufacturing, telecommunication and engineering design. By comparison, five new companies were created from Purdue-licensed technologies in the previous fiscal year, and seven new companies were created in the fiscal year of July 2004 to June 2005.

The increase in start up numbers can be attributed to the unusually strong public and private partnerships found in the Indianapolis region. From university incubators, to finding investors to back a budding company, central Indiana is quickly becoming a leader in taking ideas from the classroom and bringing them to market.

Click here to read full release on INside Indiana Business.

Top-fuel drag racing team relocates to the Indianapolis region

2007-08-29T11:40:00.000-07:00

Today, Powers Motorsports, one of the National Hot Rod Association’s leading top-fuel drag racing teams, announced it will locate its new team headquarters, garage and testing facility here, creating 42 new jobs. The race team will invest more than $3 million to locate its new 30,000 square-foot facility here and will begin hiring engineers, technicians and logisticians later this year.

Just to the West of Indianapolis in Brownsburg, the O'Reilly Raceway Park will host the NHRA National Drag Racing Championships this weekend. When it comes to the business of racing, Brownsburg has become a top destination for all teams in the sport, as well as the site for the sports biggest prize - the NHRA Championship.

Click here to read full release from INside Indiana Business.

New MRI Business Featured at Purdue Research Park

2007-08-28T11:32:00.000-07:00

Purdue Research Park located in West Lafayette, IN is home to the largest university-affiliated business incubator complex in the nation. Within the park, 140 businesses, of which more than 90 are high-tech, employ more than 2,900 people.

The Association of University Research Parks recognized Purdue Research Park for Excellence in Technology Transfer in 2005, and the park received the organization's Research/Science Park Company of the Year Award of Excellence in 2004.

Recently a new MRI business announced that they will be the park's newest tenant in a large Phase II building.

The new building will house:

A 3-Tesla MRI scanner that offers enhanced resolution over conventional 1.5-Tesla MRI scanners. It is the first machine of this field strength in north central Indiana
A 5,500-square-foot restaurant aimed at the business lunch customer and a casual, yet upscale, dinner crowd.
A 1,500-square-foot coffee shop that is separate from the restaurant.
An 8,300-square-foot area for Simulex Inc., a Purdue Research Park-based firm currently located in the Purdue Technology Center.

To read the full story from INside Indiana Business click here
For more information on the Purdue Research Park click here
For updated data on the Indianapolis region, please visit our information warehouse

Bloom Marketing Group Helping to Diversify Bloomington Economy

2007-08-28T11:24:00.000-07:00

Bloomington, Indiana is known for big time basketball and big time academics admid the background of Indiana University's gorgeous campus. But more and more, this college town is becoming a business destination too; spurring economic growth in many key industries.

Bloom Marketing Group becomes the latest company to invest in the Bloomington Business environment which includes Cook Group, Hirons and Company Ad Agency, PTS Electronics, Cornerstone Information Systems and Option Six.

For the full story click here

IT Company to Add 150 Jobs in Indianapolis

2007-08-24T11:35:00.000-07:00

Lt. Governor Becky Skillman and Indianapolis Mayor Bart Peterson joined executives from Indianapolis-based ANGEL Learning, Inc. today to announce the company’s plans to expand its headquarters.

ANGEL Learning is a leading international developer and marketer of online learning systems. The company plans to add 150 jobs to its workforce by 2012 and will relocate its headquarters to new offices in Indianapolis’ INTECH Park.

In April, the Software and Information Industry Association awarded ANGEL its annual CODiE Award for the second year in a row. Currently, the software supports over two million users worldwide and its clients include: Columbia Business School, University of Kansas Medical School, Indiana University Kelly School of Business, Michigan State and other nationally-renowned universities.

INTECH Park is Indiana’s largest privately-owned business park and is one of three certified technology parks within the Indianapolis region.

The Indy Partnership and Indianapolis Economic Development, Inc. worked with the company on this project.

In 2006, the Indy Partnership helped create more than 9,200 jobs and over $1.7 billion in total capital investment.

The Momentum Continues in 2007:
Beckman Coulter – 220 new jobs
Allegiant Global – 123 new jobs
AT&T – 425 new jobs
Interactive Intelligence – 637 new jobs, $30 million investment.
Veolia Water – 100 new jobs, new headquarters
Vertex Data – 400 new jobs, new headquarters

For more information visit: www.indypartnership.com.

Over 3,000 jobs to be featured at Bayh-Peterson Job Fair

2007-08-21T07:44:00.000-07:00

The Indianapolis region continues to develop a well-trained workforce that meets the demands of today’s fast-paced economy. To better channel individuals into the appropriate jobs, key Indiana leaders are providing residents the opportunity to meet representatives from 101 companies with 3,640 job openings.

Demonstrating commitment to economic development at the local and state level, Senator Evan Bayh and Indianapolis Mayor Bart Peterson will be hosting the fifth annual Bayh-Peterson Job Fair. The fair is scheduled for Thursday, August 23, 2007 and will take place at Conseco Fieldhouse from 9:15 a.m. to 3 p.m.

Among the employers who will be there are Honda Manufacturing, FedEx Express; St. Francis Hospital and Health Centers, National City Bank, Nordstrom and other retailers, AT&T, law enforcement and corrections agencies, and several area hotels.

Click here to view the full story from INside Indiana Business

Indiana University Life Science Incubator Graduates Another Company

2007-08-20T07:26:00.000-07:00

The Indiana University Emerging Technology Center, located in downtown Indianapolis, offers the chance for small life science companies to become big-time businesses.

So far, the center has been extremely successful and there is no slowdown in sight. Currently, there are 23 life-science related companies housed at IUETC.

Aledo Consulting, a life science reimbursement specialist company, has become the seventh company to graduate from the center.

Click here to read full story from INside Indiana Business.

Rolls Royce Secures Huge Contract

2007-08-16T09:44:00.000-07:00

Rolls-Royce has been selected to develop technology for the ADVENT program, the next-generation propulsion system for the US Air Force. The work will be carried out at the Group’s LibertyWorks research unit at Indianapolis, US.

The US Air Force Research Laboratory (AFRL) announced the agreement, which is valued at up to $296 million over two phases of the program.

ADVENT (Adaptive Versatile Engine Technology) is a technology demonstrator program funded by AFRL and focused on variable cycle features for future US Military aerospace platforms. The goal is to enable a high-thrust capability and a separate loiter operation with reduced fuel consumption.

Click here to read full article from INside Indiana Business.

Indiana Housing Market Continues Strong Performance

2007-08-16T06:52:00.000-07:00

The housing market in the Indianapolis region continues to be a major selling point for businesses seeking a new location or expansion of their workforce. In fact, Forbes recently put Indiana at the top of its list in terms of housing affordability and according to the Cincinnati Enquirer, Indiana is also one of only six states to experience sales growth in the housing market.

To view a copy of the full article click here.

Indiana's ACT Scores on the Rise

2007-08-15T11:10:00.000-07:00

The importance of high school talent for economic development professionals can never be underestimated. Traditionally, while universities such as Purdue and Indiana University are busy making headlines with new program offerings and new economic development initiatives, the impact of high school talent sometimes gets lost in the shuffle.

A recent report released by ACT, based out of Iowa, shows that the average ACT composite score among Indiana high school graduates rose this year for the second time in the past five years. The state’s 2007 graduates earned an average ACT composite score of 22.0 on the college admission and placement exam, up from 21.6 in 2003 and from 21.7 last year. The ACT is scored on a scale of 1 to 36.

One reason for the jump is a diverse number of options at the high school level, so students can more closely align their high school education with a future career. For example, at the International School of Indiana, students are learning how to do business in a global market.

While the Indy Partnership continues to attract new projects to the Indianapolis region, our workforce talent base through all levels of schooling continues to be a driving factor for such strong economic growth compared to our peer cities.

Click here to read full story on INside Indiana Business

IUPUI Students Build Race Car For Motorsports Program

2007-08-14T10:00:00.001-07:00

The Indianapolis region is well known for it pro-business environment and low cost of doing business, but perhaps more improtantly is the region's ability to adapt to the changing needs of employers regarding workforce.

Recently, a group of Indiana University Purdue University Indianapolis students (IUPUI) in the Department of Mechanical Engineering Technology completed work on a race care as part of their coursework. Many motorsports companies need engineers with tangible skills right out of school and like many universities in the Indianapolis region, IUPUI recognized a need and fulfilled that demand with well-trained motorsports students.

To view an image of the car or to read more about this story, click here.

To find out more about the motorsports industry in the Indianapolis region, please visit http://www.indypartnership.com/.

Forbes: ‘Indianapolis has the Most Affordable U.S. Real Estate Market’

2007-08-08T12:46:00.000-07:00

Forbes magazine released its list of the Most Affordable U.S. Real Estate Markets and Indianapolis tops the list. The award-winning business publication says it would take just two years of gross salary to become a homeowner in Indianapolis.

The list was compiled by using several criteria, including the ratio of median home price to median household salary. According to the article, Indianapolis’ median home price is $112,500 with a median household income of $60,383.

According to the National Association of Home Builders (NAHB), the Indianapolis-Carmel, Ind area also leads the list of most affordable housing in major metropolitan areas. NAHB has listed Indianapolis as the most affordable housing leader dating back to January of 2006.

Link to Forbes article

For more information on the Indianapolis housing market, visit our web site and click ‘Information Warehouse.’

Brightpoint purchases largest European wireless phone distributor

2007-07-31T12:54:00.000-07:00

Source: IBJ Staff
Brightpoint Inc. today completed the purchase the largest wireless phone distributor in Europe for $385 million in stock—a deal that balloons the Plainfield company's annual revenue from $2.5 billion to $4.6 billion.

The deal for privately held Dangaard Telecom of Padbord, Denmark, creates the world’s largest distributor and provider of logistics services to the wireless phone industry. The merged company has 3,700 employees and 25,000 customers in 25 countries.

As part of the transaction, which was announced in February, Brightpoint is assuming $350 million in Dangaard debt.

Brightpoint shares were trading this afternoon at $13.07, up 26 cents on the day.

IMS to announce MotoGP Race today

2007-07-16T05:24:00.000-07:00

The Indianapolis Motor Speedway will this afternoon hold a parade from downtown Indianapolis to the speedway as part of a major announcement.

IMS is expected to announce that it will hold a MotoGP motorcycle race on its road course in September 2008.

Purdue to Build Indianapolis Accelerator Park, create 1,500 Jobs

2007-06-28T10:28:00.000-07:00

INDIANAPOLIS and WEST LAFAYETTE, Ind. – The Purdue Research Foundation announced Thursday (June 28) that it will establish an Indianapolis-based technology park that will help high-tech entrepreneurs create new businesses and promote the expansion of established companies.
The new Purdue Accelerator Park at AmeriPlex-Indianapolis, which is being created in partnership with Holladay Properties Inc., will accommodate up to 75 businesses and create 1,500 jobs with an average annual salary of $54,000. The park will be located along the I-70 corridor and near the midfield terminal of the Indianapolis International Airport.

The 78-acre site was purchased by the Purdue Research Foundation and Holladay Properties, a South Bend-based national real estate development company that has several projects in Indiana cities including Elkhart, Fort Wayne, Indianapolis, Merrillville, New Albany, Portage and South Bend. Purdue officials worked with Holladay for nearly a year to finalize the project. The Purdue accelerator park is the centerpiece of the latest 400-acre phase of AmeriPlex-Indianapolis, a nearly 1,500-acre development.

"A successful technology park requires vision and practical experience, and this new park has both," said Purdue University President Martin C. Jischke. "This facility is situated in the heart of the state and is so close to the Indianapolis International Airport that it will provide an additional incentive for owners of national and international companies to look at Indiana as a convenient place to do business."

The Indianapolis accelerator park will include:
* A 100,000- to 150,000-square-foot industrial flex building.
* A 50,000- to 70,000-square-foot multistory office building.
* The potential for four additional buildings for companies to accelerate business opportunities.
* A 300-bed, six-story hotel with a 30,000-square-foot conference center.
* Three sites for restaurants or retail shops.

"This is the fourth technology park that Purdue owns and operates in Indiana, and at each location entrepreneurs and business owners benefit from the broad expertise that Purdue brings to the table," Jischke said.

Purdue's other established technology parks in the state are the Purdue Research Park in West Lafayette, Purdue Technology Park of Northwest Indiana and the Purdue Technology Center of Southeast Indiana.

"From the northwest corner of the state to the southeast corner, Purdue is creating a pipeline for innovating, creating, developing and expanding business in Indiana," said Joseph B. Hornett, Purdue Research Foundation senior vice president, treasurer and COO. "Like our other sites in West Lafayette, Merrillville and New Albany, the Purdue Accelerator Park in Indianapolis will provide entrepreneurs with a supportive environment to pursue their professional goals."

Indiana Convention Center reveals expansion plan

2007-06-26T06:18:00.000-07:00

Indianapolis, Ind. -- The design for the proposed expansion of the Indiana Convention Center was unveiled today at the meeting of the Indiana Stadium and Convention Building Authority (ISCBA). William (Bill) Browne, Jr., President/Principal of Ratio Architects Inc., presented the plans for the $275 million project.

Construction of the expansion will start in the summer of 2008 after the demolition of the RCA Dome. When completed in 2010, the expansion – combined with space in the new stadium – will increase the amount of exhibition, meeting room, pre-function space from about 725,000 square feet to about 1.2 million square feet. That includes about 254,000 square feet of exhibition space and 63,000 square feet of meeting room space in the Convention Center addition.

The new convention center/stadium complex will boast 747,000 square feet of exhibition space, 129,000 square feet of meeting room space, 67,000 square feet of ballroom space, plus 296,000 square feet of pre-function space. A pedestrian walk-way will connect the Convention Center expansion with the new Lucas Oil Stadium.

David R. Frick, chairman of the ISCBA, praised the plan for the expansion project. “The architects have designed a building that not only meets the needs for more exhibition and meeting room space, but also adds a dramatic entrance to the Convention Center.” Ratio is the lead architect for the Convention Center expansion, assisted by other Indiana firms, BSA LifeStructures, Blackburn Architects and Domain Architecture Inc. Locally-based Shiel Sexton Co. Inc. will be the lead construction manager, in association with Powers & Sons Construction Company Inc.

According to Bob Bedell, president of the Indianapolis Convention & Visitors Association, “Our tremendous success has driven this need to expand the facility. We expanded in 2001 and were immediately at capacity. For us to be able to maintain our current annual business and attract larger conventions and trade shows -- and more business in the future -- the expansion is needed.” Indianapolis currently competes with cities like St. Louis, Kansas City, Minneapolis, San Antonio, Columbus and Charlotte.

"We currently rank about 33rd nationally in exhibition and meeting space,” said Bedell. "When the expansion is completed, we will rise to 16th in capacity among all cities and second among our 13 primary competitors."

Bedell said the expansion will also make Indianapolis more competitive with larger markets like Chicago, Denver, Atlanta, Philadelphia, Houston and New Orleans. He said the fact that Lucas Oil Stadium and the Convention Center will be connected by an enclosed walkway is an especially attractive asset for the city, complemented by other enclosed passageways tying the Convention Center to several nearby hotels.

Fred Glass -- president of the Capital Improvement Board of Managers of Marion County (CIB), which will manage the facility upon completion -- added his support for the design of the expansion. “State and city representatives have collaboratively worked with the design team to come up with an exciting plan that will permit us to host more convention and trade show business.”

Source: Indiana Stadium and Convention Building Authority

Angel Learning Expands in Indianapolis

2007-06-26T06:03:00.000-07:00

ANGEL Learning announced yesterday that they will add 123 new jobs and move into a new faiclity on the northwest side of Indianapolis.

As part of the deal, ANGEL committed to invest nearly $7 million in facility and equipment upgrades.

ANGEL Learning develops and markets a web-based learning management system - ANGEL LMS and ANGEL ePortfolio. The company is widely recognized as the leader in product innovation, these proven, powerful systems allow instructors to easily and efficiently manage instruction, develop sophisticated, collaborative learning experiences, and, most importantly improve learning outcomes.

Full Indy Star Article

Two New Headquarters for Indianapolis

2007-06-25T05:58:00.000-07:00

Veolia Water to Move North American Headquarters to Indy
Veolia Water, S.A., announced on June 22nd, 2007, that they will be moving their North American headquarters from Houston to Indianapolis later this year. Veolia Water, based in Paris, France, serves more than 600 communities in North America and has total revenue exceeding $13 billion. Indianapolis Mayor Bart Peterson and Indiana Governor Mitch Daniels joined Patrice Fonlladosa, Senior Executive Vice President of Veolia Water, to make the announcement.

The relocation will create 100 new jobs with an average wage of $70,000 per year in primarily finance, accounting, information technology and technical support operations. The City of Indianapolis formed a public-private partnership with Veolia in 2002 when Veolia was selected to manage the city’s water system. Indianapolis is the largest contract in North America for Veolia.

The Indy Partnership assisted with the project by providing key market data and research.

Vertex Relocates North American Headquarters to Indianapolis, Will Create 400 New Jobs
Vertex Data Science Ltd., a leading international provider of outsourced business services and technology solutions, yesterday announced the acquisition of IEI Financial Services, based in Indianapolis, and will locate its North American headquarters in Indianapolis.

"Vertex’s acquistion of IEI Financial Services is an exciting development for the City of Indianapolis. What it means is a $800 million company will continue to call Indianapolis its home office (for North America) and we expect to create up to 400 new jobs as a result of this transaction," said David Steele, Executive Vice President and GM of Vertex’s North America Operations.

Speedway reveals new redevelopment plans

2007-06-20T05:48:00.000-07:00

The town of Speedway has released its plan to upgrade the area surrounding the Indianapolis Motor Speedway.

Highlights of the plan include:
--Establishing a strong retail/commercial corridor along Main Street, with condominium development on the upper floors of Main Street’s buildings.

--Improving access for businesses and industry with improved traffic flow.

--Improving pedestrian safety and accessibility while also opening the area for alternative transportation opportunities such as walking and cycling.

--Creating a year-around destination for race fans and motorsports enthusiasts.

--Encouraging environmentally sustainable development that benefits businesses as well as the community as a whole.

--Enhancing citizens’ quality of life through top-notch development, improved public amenities and new opportunities for arts and culture.

View renderings and video at the web site dedicated to the Speedway development project at:
http://www.redevelopspeedway.com.

Source: Speedway Redevelopment Commission

Johnson County's Manufacturing Talent Pipeline at 59,000

2007-06-11T10:48:00.000-07:00

Indianapolis, IN — A report released today by the Indy Partnership revealed that Johnson County has a talent pipeline of over 59,000 workers to draw from in jobs relating to manufacturing and is a major reason why the county drew in a diverse number of projects in 2006.

The study takes into account the total number of underemployed and unemployed manufacturing workers who are likely to commute into Johnson County. By drawing workers from Marion, Monroe, Hendricks, and Shelby Counties, Johnson remains primed to attract more manufacturing projects.

Full story on INside Indiana Business

Baker Hill Adds 100 Jobs

2007-06-04T10:44:00.000-07:00

A leading banking process solutions provider in Carmel, Indiana (just to the north of Indianapolis) has announced that they will add an additional 100 high paying technology jobs. Baker Hill, an Experian Company, currently has a workforce of 195 employees and plans to increase its service to more than 1,200 current clients by utilizing the talent found in central Indiana.

Full content INside Indiana Business

Indy 500 shows central Indiana at its best

2007-05-23T09:43:00.000-07:00

From the Indianapolis Colts, and Indiana Pacers to NCAA final fours and the hundreds of trade shows central Indiana hosts each year, none of it compares to what is about to take place this weekend in the Indianapolis region.

An estimated 500,000 people will descend on the circle city to witness the world's greatest spectacle in racing. The 91st running of the Indy 500 is this Sunday, May 27th, and the Indy Partnership will be entertaining guests from around the country, many who have not yet had the chance to witness the world's largest and most popular racing event.

We couldn't think of a better way to entertain our key target market than to invite a few of them to the IPL 500 Festival Parade, the Snake Pit Ball, and of course the race itself. Beyond networking and beyond exchanging business cards, this weekend is all about showing our guests what we Hoosiers are all about; big-time sporting events and hospitality. We want to show these key prospects that not only is it a good business decision to bring a business to central Indiana, but central Indiana is also a great place to live, work, and play.

While you and your friends head out to the track this weekend or head to your favorite place to watch a big time sporting event, please have fun, wear some sunscreen, bring your earplugs; but most importantly take a moment to stop, look around and soak up the size and scope of this event. We hope our guests will get to do the same amid 220 mile per hour, three-wide racing and 500,000 plus fans.

Photo: Courtesy of the Indianapolis Motor Speedway

BIO trade show proves to be eye-opening

2007-05-16T08:09:00.000-07:00

by Todd McCall

This past week, our business development staff and many other Indy Partnership team members attended the BIO International trade show in Boston, which features over 20,000 of the industry's best and brightest companies, investors, scientists, and economic development groups.

Two things from that show became clear; a cab ride in Boston is expensive and central Indiana is positioned to become not only a major domestic destination for life science companies but also an international destination.

As I walked the trade show floor and passed by Spain, Holland, Australia, China, and other countries found scattered throughout the convention center, I realized that our low-cost business environment and propensity to make things happen, especially in life sciences, really is a competitive advantage not only in the U.S. but also around the world.

One example of the Indianapolis region making things happen was in February of 2006 when Marcadia Biotech incorporated with about $500,000 in seed capital and help from the state. Utilizing their proprietary peptide chemistry, the company has a portfolio of compounds in its discovery and development pipeline. The first product in development is a glucagon injector pen for emergency use to counteract severe hypoglycemia (low blood sugar). Marcadia made it happen because they have a good product idea.

The Indianapolis region is becoming known for combining private and public support to make deals happen. Last year, the state awarded a life sciences grant worth $2 million to Marcadia through its 21st Century Research and Technology Fund. Just yesterday, the company announced that they have received a new financial commitment from Frazier Healthcare Ventures and founding investor 5 AM Ventures of over $15 million. In just one year, Marcadia has suddenly become a major player in the high-stakes game of life sciences because their management team has a vision and carried it out.

In our business, its all about setting the table and bringing new ideas, jobs and capital to our region. Marcadia Biotech represents the best of what can happen when strong public and private partnerships fuel growth.

More info:
To find out how we can help your business grow, please visit: www.indypartnership.com or email indy@indypartnership.com.

Capital Group expanding operations in Indianapolis region

2007-05-10T09:58:00.000-07:00

Central Indiana beat out six other regions for the rights to the international investment management company's expansion, which will generate accounting, investment and finance positions. Average annual wages will be more than $50,000.

It plans to move 300 retirement account record keepers and trustees in its Capital Bank & Trust Co. unit from Indy to a new three-story building at 12911 N. Meridian St., in Carmel, by the end of the year.

Capital Group joins Maaguzi, Oxford BioSignals Medical and ACES Power Marketing as firms expanding their presence in the region.

Full Indianapolis Star Story

Indy Partnership presents to Australian Biotech companies

2007-05-01T12:34:00.000-07:00

Inidianapolis, IN (May 1st, 2007) Earlier today, the Indy Partnership hosted a luncheon in conjuction with the Indiana Economic Development Corporation and the Indiana Health Industry Forum with several Australian biotech company representatives in attendance.

The lunch included a presentation discussing the strong business environment, high quality of life, and the thrving life sciences industry found in central Indiana.

Representatives of Duke Energy, Marion County and Hancock County also participated in the event.

Hardigg Industries to locate in Hancock County

2007-04-26T07:58:00.000-07:00

Greenfield, Ind. -- Massachusetts based Hardigg Industries will locate its newest manufacturing facility in the Mt. Comfort Commercial Park. Headquartered in South Deerfield, MA, the company manufactures shipping and transit cases for military, commercial, and industrial applications.

The cases protect against shock, vibration, moisture, and temperature extremes.Initially, the company will have 30 employees. Growth projections forecast 75 employees within four years.

Average manufacturing and production wages, including benefits, range between $16 and $17.50 per hour.The company was awarded income tax credits and training grants from the State of Indiana and tax abatement from Hancock County.

Hancock County was chosen for its strategic location. The facility will serve Hardigg’s growing midwestern customer base.

Source: Hancock Economic Development Council

Industry Week leaders converge on Indianapolis

2007-04-26T06:51:00.000-07:00

Industry Week show brings over 800 manufacturing leaders to Indianapolis
On April 24th and 25th, over 800 manufacturing leaders and managers from across the nation converged at the Indiana Convention Center. The event was put on by Industry Week, a leading national manufacturing publication, and featured a number of key guest speakers, seminars, and courses.

The event also included plant tours of many companies within the Indianapolis region. Those included:

Allison Transmission
International Truck and Engine
Caterpillar, Inc
Subaru of Indiana Automotive Inc.
Batesville Casket Company
Toyota Industrial Equipment Manufacturing
TRW Commerical Steering Systems

The event was originally slated to include about 200 plus attendees, but that total quickly grew to over 800 attendees as the late April deadline approached. According to the Industry Week tradeshow brochure found on their web site, one deciding factor for coming to Indy was the close proximity of downtown. Many members enjoyed having a short walk between the show and their hotel.

Those who know economic development, know that networking is at the heart of lead generation and last year, the Indy Partnership visited with over 150 key site consultants and plans to visit even more markets in 2007.

This event lived up to its billing and served as a powerful networking tool for the Indy Partnership business development staff, who had the chance to meet with many of the attendees.

Interactive Intelligence expanding

2007-04-26T05:27:00.000-07:00

The Metropolitan Development Commission will Wednesday consider tax abatement for Indianapolis-based Interactive Intelligence, Inc. (NASDAQ:ININ), which plans to invest between $30 million and $40 million and create 637 new jobs.

Jeb Conrad, Executive Director of Indianapolis Economic Development, says that the company plans to build the facility next to its headquarters on the northwest side. Click here to listen to Jeb discuss the high-performing IT company- audio provided by INside Indiana Business.

Need help with your expansion project? Contact the indy partnership toll free at 1-877-236-4332 and our experts can help with key data, site assistance, incentives coordination and more. Visit www.indypartnership.com to learn more.

IU Med School Nominated for Nobel Peace Prize

2007-04-26T05:23:00.000-07:00

INDIANAPOLIS – A humanitarian response to the African HIV/AIDS pandemic by Indiana University School of Medicine and its education partner in Kenya, Moi University School of Medicine, has been nominated for a Nobel Peace Prize.

The program, AMPATH (Academic Model for Prevention and Treatment of HIV/AIDS) was only a concept 7 years ago. Through the efforts of its field director, Joseph Mamlin, M.D., and faculty involved in the IU-Kenya Partnership, AMPATH now treats 42,000 HIV-positive Kenyan patients at 19 clinical sites throughout western Kenya.

It also provides food assistance to 20,000 people and job and agricultural training to thousands more.More than 1.3 million Kenyan men, women and children are living with HIV/AIDS. AMPATH addresses the social stigma of the disease while providing medication and helping people become self-sufficient by providing food, jobs and agricultural assistance.

Indianapolis region to be featured in Northwest Airlines in-flight magazine

2007-04-17T05:29:00.000-07:00

The Indianapolis region will be featured in a sixteen page insert in the May edition of the Northwest Airlines in-flight magazine (World Traveler). The publication is read by more than two million business and leisure passengers traveling around the world to 245 cities in 24 countries.

The mass audience exposure will help the Indy Partnership’s marketing efforts in 2007 - as the Indy Partnership plans to visit nineteen states and at least five countries throughout the year.

The feature will be on-board all Northwest flights starting May 1st to coincide with the Indy 500 and the events surrounding the famed race.

Interim President and CEO of the Indy Partnership, Gordon Hendry, recently discussed this tremendous opportunity on INside Indiana Business with Gerry Dick. For video click here and see story on top right hand side.

IU to build cyber infrastructure facility

2007-04-09T10:49:00.000-07:00

Indiana University announced today that they have approved design plans for a $55 million Cyber Infrastructure Facility, to be built on the Bloomington campus.

A $30 million facility will house the university's supercomputer. Officials say it will offer a location that can protect the supercomputer from natural disasters, such as tornadoes or earthquakes. In addition, a 117,800-square foot building would house offices and classrooms for information technology employees, as well as computers and other related equipment. IU officials say they hope to begin construction this summer. Once construction begins, it would take about two years to complete the project.

Source: INside Indiana Business with Gerry Dick

Indy outpaces peer city

2007-04-05T05:52:00.000-07:00

April 5, 2007 - As reported in the Columbus Dispatch, the Indianapolis region continues to outpace its peers. While, many other Midwestern states are still reeling over manufacturing job losses, the Indianapolis region has been able to offset that national trend by expanding its other industries and moving to a more advanced manufacturing environment.

In fact, in 2006, according to the Brookings Institute report, Indianapolis was one of only six cities to experience enough job growth in advanced services positions to offset employment losses in manufacturing, and it ranked number one in the net gain of advanced services jobs.

Full text article - Columbus Dispatch
Data comparison - Columbus Dispatch

$500 million in medical construction going up in Indianapolis

2007-04-03T11:53:00.001-07:00

Two of the nations largest medical organizations, Clarian Health Partners and the Indiana University School of Medicine (click to view video) are continuing their collaboration by building more life science research facilities, among other projects expected to significantly add to the Indianapolis region's life sciences research network. The list of new projects expected to start over the next few months on the Indiana University Purdue University campus include:

Research III
• Cost: $83 million.
• Size: 254,000 square feet.
• Location: Walnut Street, between Research II and Cancer Research Institute.
• Features: Cell repository/DNA serum bank, auditorium and other facilities for cancer, neuroscience, immunobiology and other researchers.
• Opening: Spring 2009.

IU Fairbanks Hall and Clarian Education and Resource Center
• Cost: $44 million.
• Size: 182,000 square feet, six stories.
• Location: Along Downtown Canal between 10th and 11th streets.
• Features: Administrative offices for Clarian and IU School of Medicine, simulation center for clinical training for nurses, physicians and others.
• Opening: Summer 2008.

Expansion of Riley Hospital for Children
• Cost: $235 million.
• Size: 650,000 square feet, 10 stories.
• Location: Next to Riley Hospital on the IUPUI campus.
• Features: Private patient beds, new critical- and intensive-care units, center for pregnant women at high risk.
• Opening: From September 2008 to early 2009.

Expansion of IU Melvin and Bren Simon Cancer Center
• Cost: $150 million.
• Size: 405,216 square feet, seven floors.
• Location: Next to IU Hospital on the IUPUI campus.
• Features: 80 patient- treatment beds, chemotherapy stations for 40 patients, about 15 operating rooms, a cafe and pharmacy.
• Opening: 2008.

IT industry continues to grow in Indianapolis region

2007-04-02T11:44:00.000-07:00

When Chris Baggott and Scott Dorsey came up with the idea of Exact Target, they knew they would be successful. They knew that their idea of providing a simple email marketing solution would prove fruitful, but what they may not have expected was how how fast the company would grow.

Since relocating its corporate headquarters to the Guaranty Building in downtown Indianapolis in 2005, ExactTarget has grown to more than 200 employees and 5,500 customers – including Delta Faucet, Indianapolis Colts, Finish Line, The Home Depot and Scotts Miracle-Gro Company.

This year the company intends to add 50 jobs and increase those numbers by another 40 through 2009, when ExactTarget’s total employee base will reach 300. ExactTarget has gained national recognition for its strong growth. Last year, ExactTarget was named “one of the fastest growing technology companies in North America” when Deloitte named its “2006 Technology Fast 500,” and Inc. Magazine listed Exact Target as the 56th fastest growing private company in the nation.

On the heels of this tremendous success, co-founder Chris Baggott has decided to start a blogging and search engine marketing company named "Compendium." This company will further add to Indiana's strong information technology sector which includes: AT&T, Interactive Intelligence, Interactions Corporation, "Big Red" - Indiana University's supercomputer (world's fastest university-owned computer), Indiana Fiber network, Techpoint, Bitwise Solutions, G3 Technology, and IQuest.

Chris was featured in a recent Indy Star article regarding the new venture.

Indy Star Full text article

Life Sciences momentum continues to build in central Indiana

2007-03-29T06:42:00.000-07:00

Central Indiana's life sciences industry has been building momentum in early 2007 and there doesn't seem to be an end in sight.

This morning, Maaguzi, a clinical research software company announced that they will be moving their North Carolina offices to Carmel, Indiana and expect to create approximately 42 new jobs.

The company's software allows for real-time feedback during clinical trials online. This allows trial sponsors to focus on the important management aspects of the study.

This announcement comes at the heels of four other positive indicators in early 2007 for Indiana's thriving life sciences environment which includes: Eli Lilly, Cook, Inc, Roche Diagnostics and Dow Agrosciences.

California-based Beckman Coulter Inc. announced that it will shutdown a centrifuge development and manufacturing facility in Palo Alto, Calif., and move its operations to central Indiana. The Palo Alto facility employs 220 people. Related link
Enzon Pharmaceuticals says it is closing its manufacturing operations in South Plainfield, N.J., and moving them to the company's Indianapolis location, impacting about 50 employees. Related link
BIO and Battelle ranked Indianapolis #9 in total number of life sciences employees. Related Link

Oxford England-based, Biosignals, has chosen to move its Global Headquarters to Carmel, Indiana. Over the next five years, they will create over 120 jobs. Related link

Oxford Biosignals chooses central Indiana for its global headquarters

2007-03-19T08:57:00.000-07:00

England-based, Oxford Biosignals, has chosen to move its Global Headquarters to Carmel, Indiana. Over the next five years, they will create over 120 jobs. The company cited a strong health care network and diverse life sciences industry already within Indiana.

Click here to watch video featured on INdiana Business with Gerry Dick this past Sunday. Click on the first video entitled: "Top Story - Global Headquarters."

About Oxford Biosignals:
Oxford BioSignals Limited, an exciting new University spin-out company based on unique Oxford research, is exploiting advanced signal processing and neural network technology in a diverse range of application areas, delivering advanced health monitoring solutions to medical and engineering markets.

Analysis of brain waves, providing a revolutionary diagnostic tool to the medical market of sleep disorders
Addressing the world of multi parameter monitoring, offering advanced decisions support tools to meet the needs of today’s medical professional.
Engineering condition monitoring, analysing the health of complex systems and providing diagnostic tools for improved performance.
Advanced signal processing and analysis in industrial engineering market

Site Selection Names Indianapolis MSA Ninth Best Metro

2007-03-19T08:37:00.000-07:00

In the March 2007 edition of Site Selection Magazine, the Indianapolis MSA was ranked as the ninth best metro by total number of projects.

The Indy Partnership discussed this ranking recently on INside Indiana Business with Gerry Dick (watch video - click on the Economic Development/Site Selection Magazine link).

For more information visit www.indypartnership.com.

Indianapolis MSA employment rose in January

2007-03-12T06:54:00.000-07:00

For many economic development organizations, a lagging workforce is commonplace, but for those of us in the Indianapolis region, we are simply used to having a world-class workforce. Call us spoiled, but one thing we don't need to worry about here in central Indiana is how we are going to attract talent for high-paying positions.

With Purdue University, Indiana University, Butler, Marian, Indiana University Purdue University Indianapolis (IUPUI), Ivy Tech, University of Indianapolis and more, our workforce is constantly pumped with new talent. We know, you've heard all that before, every region has great academics right? The difference in the Indianapolis region is that many of these schools are now offering custom curriculum's to fit the needs of employers. To name a few: Indiana University offers a rare Life Sciences MBA, Ivy Tech and IUPUI offer a Biotechnology Associates degree and Marian College offers a motorsports management program.

This strong talent pipeline contributed to landing 123 projects within the Indianapolis region and was one reason why the Indy MSA was ranked as a top 50 hottest city by Expansion Management Magazine.

While the January numbers for the Indianapolis region are not staggering, they are steady and ever-improving. But perhaps more importantly, our colleges and universities are listening to employers and quickly adapting to the needs of an ever-changing marketplace; putting the Indianapolis region on a path to long-term success.

Job Numbers increase in the Indianapolis area
Full story by IBJ staff
Job numbers increased 1.6 percent in the Indianapolis area in January from the same month last year, according to new figures from the Indiana Department of Workforce Development.

The region, which includes Marion and surrounding counties as well as Brown and Putnam counties, had 911,200 jobs.

The increase was broad, as categories ranging from transportation to hospitality to business and professional services all posted gains.Contributing some of the largest increases were employment services, 2,500 jobs; health care and social work, 5,000; and specialty trade construction, 1,100.

The figures are not adjusted for seasonal fluctuations, thus are best compared with the same month in prior years. After sputtering briefly during recession early in the decade, the Indianapolis area has maintained a slow, steady rate of growth.

Exact Target adds 90 new jobs

2007-03-08T04:33:00.000-08:00

In 2000, the Indy Partnership and Indianapolis Economic Development first heard about the idea of ExactTarget, we were intrigued. Somehow, this project was a little different than the ones we had worked on in the past. When we helped sell the city and state on the idea of Exact Target moving to downtown Indianapolis, all players were excited because this company "got it."

Successes like ExactTarget (300 employees now) don't happen all the time, but for economic development professionals it is fun to watch a company grow from a cocktail napkin, to working with Fortune 500 companies around the world.

The Indianapolis region is quickly becoming a hot-bed for these kinds of start-ups. For example, in 2006, IT voice systems company, Interactions Corp (watch video on Interactions Corp - courtesy of INside Indiana Business), opened in the Clay Terrace Shopping Center in Carmel, leading many to believe 2007 may bring even more tech companies to the Indianapolis region.

Exact Target's Latest expansion news
Indianapolis-based, Exact Target announced yesterday that they will add 90 jobs to their downtown office. The targeted email expert expects about 80 of those jobs to be programming related and will pay as much as $36 per hour.

The company will expand its workforce to over 300 workers worldwide with this announcement and there doesn't seem to be an end in sight as the firm adds more customers.

"Basically, the company has just had some rapid growth over the last couple of years," said Traci Dolan, vice president of finance and administration for ExactTarget. "We've just been adding customers."

The Indy Partnership and Indianapolis Economic Development facilitated the deal by offering site data, research and other valuable information to move the project to completion.

The city of Indianapolis and state of Indiana agreed to offer the following incentives:

$2.1 million in government incentives over eight years -- $552,000 from the city and $1.5 million in state tax credits.

The Indiana Economic Development Corp. also is providing $96,000 in training grants. Two years ago, ExactTarget also got $1.1 million in incentives to create 100 jobs by 2010.

For more information about the Indy Partnership click here.

Indy lands 425 new telecom jobs with AT&T expansion

2007-02-27T08:10:00.001-08:00

February 27th, 2007 - AT&T announced today that they will locate a new call center at its downtown Indianapolis headquarters building at 220 North Meridian Street. The expansion is part of an initiative AT&T announced last September involving the relocation of customer service positions that had previously been outsourced.

AT&T will make a $4.6 million capital investment, and company officials estimate the 425 new jobs will add approximately $10.6 million to the payroll by 2009. The new call center will provide customer service for AT&T’s high-speed internet service.

The deal began with initial outreach efforts by The Indy Partnership and to encourage the company’s investment, the state provided up to $1 million in tax credits, and the City of Indianapolis provided more than $279,000 in real and personal property tax abatement.

"We applaud all the visionary leaders that helped put Indiana at the front of a progressive telecom-reform movement that has since swept the country," said George Fleetwood, President of AT&T’s Indiana operations. "These jobs could have gone anywhere in the country. But they are here because Indiana created an environment that encourages companies like AT&T to invest. I'm pleased that we are expanding our operations here at home."

Indiana’s sweeping telecom reform in 2006 has moved central Indiana into a leadership position in the telecommunications industry, creating greater investment, and more competition and choices for consumers.

For more information please visit: www.indypartnership.com

Indy MSA on Expansion Management's hottest cities list

2007-02-26T07:00:00.000-08:00

A leading international business magazine, Expansion Management, has listed the Indianapolis MSA among the ‘top 50 hottest cities in the nation.’

The annual list is complied through the results of a survey sent to Site Consultants and industry experts throughout the country. The Indianapolis MSA was featured on the list in the February 2007 edition of the publication.

Indianapolis was one of 7 Midwest MSA’s featured on the list. Previously, Indianapolis had ranked as high as the fourth ‘hottest city’ in the nation. The 2007 edition of the list does not specifically rank each city as in the past. A copy of the list is available at: www.expansionmanagement.com.

Eight sites become ‘shovel ready’

2007-02-22T04:57:00.000-08:00

Shovel Ready Status helps companies identify locations for rapid development

INDIANAPOLIS (February 21, 2007) — Eight new sites across Indiana earned the title of ‘shovel ready’ today, paving the way for companies to quickly locate their businesses on a property that is ready for development.

The title is the namesake of the state’s ‘Shovel Ready’ program that identifies sites which have undergone extensive title work, proof of ownership, legal and environmental review and qualify for expedited permitting with state regulatory agencies.

To view the current listing of Shovel Ready Sites follow this link: http://www.in.gov/iedc/site/indiana_properties.html

Source: Indiana Economic Development Corporation

Ivy Tech offers exclusive manufacturing certification

2007-02-21T10:34:00.000-08:00

Ivy Tech Community College says it has become the exclusive provider of the Manufacturing Skills Standards Council (MSSC) assessment centers, courses and teachers at the collegiate level in Indiana. MSSC is a nationwide, industry-based skill standards, training, assessment and certification system for all sectors of manufacturing.

Ivy Tech is uniquely positioned to be the state’s provider of these MSSC certification programs. The college’s system of 23 campuses and relationships with career service centers throughout the state, make the program accessible throughout Indiana.

Source: Inside INdiana Business Full Release

Brightpoint, Inc to acquire Denmark company

2007-02-20T05:41:00.000-08:00

Brightpoint Inc. has agreed to purchase the largest wireless phone distributor in Europe for $308 million in stock—a deal that balloons the Plainfield company's annual revenue from $2.5 billion to $4.6 billion."It's one of those once-in-a-lifetime deals," said Brightpoint CEO Robert Laikin. "It's not often you get an opportunity like this."

Brightpoint, the biggest North American distributor and logistics provider for the wireless phone industry based out of Indianapolis, is buying privately held Dangaard Telecom of Padbord, Denmark.

Source: IBJ staff Full story

Indiana Univeristy to Promote Higher Education and Life Sciences at Statehouse

2007-02-16T11:37:00.000-08:00

Indiana University will host the 16th Annual Hoosiers for Higher Education Statehouse Visit and the second Annual Life Sciences Day at the Statehouse on Tuesday, Feb. 20. Life Sciences Day will feature exhibits by top faculty from IU's life sciences disciplines.

Demonstrations will cover the most current research in diabetes, breast cancer, biomedical engineering, bioinformatics, environmental sciences and nursing. IU advocates will participate in a rally and visit with hometown legislators later that afternoon.

The program will feature guest speakers IU President Adam Herbert and Dr. D. Craig Brater, vice president for IU's life sciences and dean of the IU Medical School. An invitation has been extended to Gov. Mitch Daniels to speak at the rally. President Herbert will announce the recipient of the 2007 Welsh-Bowen Distinguished Public Official Award at a reception at the Indiana Roof Ballroom.

Life Sciences Exhibit: 10 a.m.-4 p.m. in South Atrium
Program: 2 p.m.-3 p.m. in North Atrium
Reception: 4:30 p.m.-6 p.m. at the Indiana Roof Ballroom

Source: Indiana University, Inside Indiana Business

Chrysler Eyes Indiana

2007-02-14T09:46:00.000-08:00

Automaker DaimlerChrysler AG’s discussions about developing a dual-clutch transmission with supplier Getrag has resulted in the German companies signing a non-binding agreement, DaimlerChrysler said this morning.

The Getrag project is part of a planned $3-billion investment in new engines, transmissions and drive trains to make vehicles more fuel-efficient, DaimlerChrysler said. Chrysler has relied on trucks and sport-utility vehicles to fuel profits—a failed strategy after gas prices spikes in the past couple of years.

Several Indiana communities—including Kokomo, Frankfort and Tipton and Miami counties—are vying to land any plant that might result, the Kokomo Tribune has reported. The $560 million facility might employ 1,200.

Source: IBJ Staff Full story

Purdue Research Foundation Reports Record Year For Start-Ups

2007-02-13T05:25:00.000-08:00

The Purdue Research Foundation says 2006 was a record breaking year for start-up companies at the university. The foundation reports that last year 14 companies were launched using Purdue licensed-technology in areas including, medical devices, life sciences and advanced manufacturing.

The foundation says of the 14 companies created, ten are located in Indiana with four being headquartered in the Purdue Research Park. One of the companies is Zb2 Inc., which is developing a new bike design that won first prize in the 2005 International Bicycle Design Competition and was featured by Time Magazine as one of "The Most Amazing Inventions of 2005.

Source: INside Indiana Business with Gerry Dick Full story

Indianapolis International Airport studying whether a new hub could be beacon for global carrier system

2007-02-12T08:51:00.000-08:00

Indianapolis airport officials are considering building a smaller version of that company’s 2-million-square-foot hub here, one that could accommodate several cargo carriers from around the globe. The “international air cargo facility” could be up to several hundred thousand square feet in size and could cost tens of millions of dollars to build.

It would be used to lure cargo carriers who now tend to focus on larger airports such as Chicago’s O’Hare, where nearly 30 cargo carriers congregate. “We want to move those carriers down here,” said Kirk Lovell, air service director for BAA Indianapolis, which operates Indianapolis International Airport.

In recent years, airport officials have touted Indianapolis as a cheaper place to operate. Save $7 million a year in fuel by not having to taxi as far, or $240,000 in annual landing fees on each Boeing 747 cargo freighter.

Full story from Indianapolis Business Journal

Business Accelerator to be built in Anderson

2007-02-08T08:11:00.001-08:00

The Flagship Enterprise Center in Anderson says it plans to establish a new Flagship Accelerator within the park. The center says the accelerator will support incubator graduates and early stage companies transitioning outside of the business incubator. The $2.6 million facility is expected to be completed by June of this year.

Full story

Enzon Pharmaceuticals moving to Indianapolis area

2007-02-07T11:32:00.000-08:00

Enzon Pharmaceuticals says it is closing its manufacturing operations in South Plainfield, N.J., and moving them to the company's Indianapolis location, impacting about 50 employees.

A spokeswoman for the New Jersey company said it would assist employees in the transition but it was unclear whether the New Jersey jobs would actually be transferred to Indianapolis. Enzon is trying to streamline operations including developing innovative oncology therapies and advancing its clinical pipeline. Jeffrey H. Buchalter, chairman and chief executive officer of Enzon, called the consolidation a "difficult decision."The headquarters will remain in New Jersey.

The Indianapolis manufacturing site, at 6925 Guion Road, has about 100 employees.

Indianapolis MSA ranks in top 10 nationally for total biosciences employment by Battelle and BIO

2007-02-07T08:20:00.000-08:00

Other Indiana cities highly ranked in specific bioscience categories.

INDIANAPOLIS, Indiana, February 2007 – The report, “The Biosciences in the United States: a Regional Perspective”, released this week by Battelle Memorial Institute (Battelle) and the Biotechnology Industry Organization (BIO), identified the Indianapolis Metropolitan Statistical Area (MSA) as the nation’s ninth largest in total biosciences employment.

The Indianapolis MSA is home to 24,051 bioscience jobs. For comparison, Indianapolis MSA ranks just ahead of the San Diego, California MSA and just behind the San Jose, California MSA, and ahead of other U.S. locations such as Washington, D.C., Houston, St. Louis, Seattle, Pittsburgh and Atlanta.

This new regional report also validates previous studies that show biosciences jobs are found throughout Indiana. In a companion report, “Growing the Nation’s Bioscience Sector: State Bioscience Initiatives 2006”, which was released last year by Battelle and BIO, Indiana was identified as one of the nation’s top four life sciences leaders as defined by number and concentration of life sciences-related jobs.

“At the state level, we knew that Indiana was one of the leaders in life sciences employment and asset diversity,” said David Johnson, President and CEO of BioCrossroads, Indiana’s life sciences initiative. “And now, at the local level, we see we aren’t just hoping to become competitive. We are standing alongside some of the nation’s most well-respected life sciences hubs. Building from strength, we must now look toward creating our ‘next-generation’ opportunities.”

The report also notes that strong regional life sciences clusters, present in Indianapolis and other areas of the state, are the result of “…effective clustering of resources including university research, a talented labor force, availability of investment capital, and strong local firms that anchor the industry result in a strong bioscience industry at the regional level.”

“This report reinforces the fact that Indiana already has an impressive amount of expertise in a strong and growing sector of the national economy,” said Dr. August (Gus) Watanabe, Chairman of the BioCrossroads Board of Directors. “It is our mission at BioCrossroads to ensure that the right kinds of resources, support and guidance are available in Indiana so we can take full advantage of all the innovation that already occurs here.”

In addition to identifying general bioscience employment, both Battelle and BIO reports examine four main subsectors within the biosciences: agricultural feedstock and chemicals; drugs and pharmaceuticals; medical devices and equipment; and research, testing and medical laboratories.

This latest Battelle and BIO report also provided regional rankings in these bioscience categories by total employment and concentration of employment. The concentration of employment ranking allows the study to make more “apples to apples” comparisons of MSAs, basing rankings on employment percentage. In this study, MSAs are broken down into large, medium and small categories, based on total private employment.

The Indianapolis MSA is ranked fourth in the nation in total employment in the drugs and pharmaceuticals category, while the Evansville MSA ranks 38.

When broken down by concentration of employment in drugs and pharmaceuticals based on MSA size, Indianapolis ranks second in the nation in the large MSA category. Evansville ranks eighth and Elkhart-Goshen ranks thirteenth in the medium MSA category. Terre Haute ranks sixth, Lafayette ranks eighth and Bloomington ranks seventeenth in the small MSA category.

The Indianapolis and Bloomington MSAs rank seventeenth and 31, respectively, in total medical devices and equipment employment.

When broken down by concentration of employment in medical devices and equipment, Indianapolis ranks fifteenth in the large MSA category, while Bloomington, Michigan City-LaPorte and Lafayette rank second, ninth and nineteenth, respectively, in the small MSA category.

In addition, Indianapolis ranks second in the nation as an emerging large MSA, indicating that the area has experienced job growth in medical devices and equipment of at least 20 percent during the 2001-2004 time period. Bloomington ranks first in the small emerging MSA category.

Indianapolis is ranked seventh in the nation in total agriculture feedstock and chemicals employment. Lafayette is ranked nineteenth in the nation in this category.

When broken down by concentration of employment in agriculture feedstock and chemicals, Indianapolis ranks fourth in the large MSA category. South Bend-Mishawaka ranks 20 in the medium MSA category. Lafayette ranks seventh in the small MSA category.

Indianapolis is ranked 28 in the nation in total research, testing and medical laboratories employment. When broken down by concentration of employment, South Bend-Mishawaka ranks tenth in the medium MSA category, while Muncie and Terre Haute rank fourth and eighteenth, respectively, in the small MSA category.

Indiana's Teaching Hospitals Provide huge economic impact

2007-02-01T11:19:00.000-08:00

In 1938, Emil Andres entered turn two during the Indy 500; little did he know was about to lose his left front tire. Heading into the turn, the wheel collapsed and Andres went into an uncontrollable 400-foot slide through the inside apron and into the guardrail. After sliding across the rail, Andres plowed into a wooden barrier, launching his car into a series of barrelrolls. The famed American racecar driver in the 30's was thrown 200 feet out of his race car. The result was a concussion, a broken nose and multiple chest injuries.

But before he knew it, he was waking up at Methodist Hospital, alive and well.

It is truly amazing what the human body can endure and still manage to be put back together. Back then the hospitals in central Indiana may have been smaller, but the staff at Methodist Hospital and other hospitals around the region were world-class. So why in a state that is known for big-time basketball and motorsports does central Indiana find itself with some of the best hospitals in the world?

The answer is pretty simple; we have a history of learning hospitals. From treating race-car driver injuries like the one Andres survived, to world-renowned children's hospitals and intensive care units, central Indiana is home to some of the best.

A new report from the Association of American Medical Colleges says medical schools and teaching hospitals in Indiana made a combined economic impact of $7.37 billion in 2005. The report shows that Indiana University School of Medicine and its partner teaching hospitals also generated more than $80 million in revenue from out-of-state patients and their families.

This is good news for those of us who help attract businesses to central Indiana. The learning hospitals provide a never-ending pipeline of world-class surgeons, pediatricians, ICU, and cancer professionals, leading to a strong healthcare sector and a healthier workforce.

Although Emil Andres passed away in a small town in Illinois in 1999, you can bet he is thankful that central Indiana is home to some of the best medical facilties in the world. You can also ask Lance Armstrong about the quality of healthcare as he beat cancer at the Indiana University Cancer Center.

Indianapolis Economic Development wraps-up banner year

2007-01-29T10:13:00.000-08:00

When Jeb Conrad, Executive Director for Indianapolis Economic Development (IED), walked into the INside Indiana business TV studio this past Friday, he was all smiles. He had just wrapped up an unprecedented year for economic development in Indianapolis; a year that included $600 million in capital investment in 2006 compared to $162 million in 2005. New jobs also increased, as year-end totals reached 5,000 new jobs compared to 1,900 new jobs in 2005.

During the show's taping, Jeb also announced a new deal as Allegiant Global Services will be adding 123 new jobs over the next three years.

In what many have dubbed, the year of the deal, the Indianapolis economy experienced unprecedented growth across the board. Let's take a look at some of the key highlights:

- Indianapolis International Airport announced the construction of a new mid-field terminal - the largest development initiative in the history of the City of Indianapolis

- Fedex announced a $200 million dollar expansion and 800 new jobs at the Indianapolis International Airport

- Rolls Royce announced a $145 million dollar expansion and 600 new jobs

- Wellpoint announced a $12 million dollar expansion of their specialty pharmacy business and 1200 new jobs

- Broadbent announced a $10.75 million dollar expansion and 20 new jobs

IED's historic success cannot be attributed to one particular nuance as many companies have cited our well-educated workforce, while others decided to expand here because of the low-cost of doing business and strong state and city incentives.

Behind these deals are a staff and a city that has worked its tail off this year to attract more jobs and investment. For evidence, look no further than Jeb Conrad's smile and if you don't buy that, look at the well-over $600 million in total capital investment and nearly 5,000 new jobs.

Allegiant Global Adds 123 high-paying jobs

2007-01-29T10:10:00.000-08:00

INDIANAPOLIS (January 29th, 2007) – Allegiant Global Services, formerly Heritage Interactive Services, announced they will expand their Indianapolis headquarters by adding 123 new employees over the next three years. The environmental consulting services company, headquartered on the northwest side of Indianapolis, cited a number of key factors for expanding their workforce within the city.

“Expanding the world headquarters of Allegiant Global in Indianapolis allows us access to a well-educated talent pool, diverse cultural and social opportunities and a great business-friendly environment,” said Jane Hicks, VP of Finance for Allegiant Global Services.

The deal also included incentives from both the state and city. The Indiana Economic Development Corporation (IEDC) offered up to $70,000 in training grants and approximately $1.3 million in tax credits based on job creation commitments. The City of Indianapolis has offered an eight year real property tax abatement worth $31,200.

Allegiant Global expects the new jobs to pay approximately $26.00 per hour, more than $7.00 per hour higher than Marion County’s average wage.

The City of Indianapolis is excited to have another Indiana-based company add even more growth to the city’s dynamic economy.

“Coming off of a landmark year in 2006 for new jobs in Indianapolis, the growth of Allegiant Global Services marks a great start to 2007,” Mayor Bart Peterson said. “The continued expansion and investment of yet another worldwide company headquartered right here in Indianapolis says a great deal about the strength and vitality of our local economy.”

Indianapolis gets revved up for Superbowl

2007-01-26T05:13:00.000-08:00

The 2006 AFC Champion, Indianapolis Colts, are gearing up to take on the Chicago Bears in Super Bowl XLI in Miami on Sunday, February 4th. The Colts will have a Super Blue Friday on January 26th for fans to get fired up. Fans are encouraged to show their support for the Colts on Friday January 26th and all next week by wearing Colts Blue.

The Super Blue Friday, brought to you in part by Bud Light, will return to the Circle Centre Mall food court on Friday, January 26th from 11 a.m.-1 p.m. Fans will have a chance to listen to live music from Dave and Rae, get autographs from Colts Alumni players, Cheerleaders and Blue the Colts Mascot. Fans may also receive a free Colts vs. Bears collector’s edition poster, while supplies last. Colts fans will also have an opportunity to make a donation to the Children’s Bureau raffle for a chance to win Colts vs. Bears Super Bowl XLI apparel and or an autograph football; proceeds will benefit Colts Courage House.

Throughout the day Friday, January 26th, Colts fans may pick up a free Colts vs. Bears collector’s edition poster at Sky Bank locations, while supplies last. Fans should log onto www.skyfi.com to find locations and hours. On Monday, January 29th Colts fans may visit any central Indiana Sprint store to pick up a Super Bowl XLI poster, while supplies last. Fans should log onto www.sprint.com to find locations and hours. Colts Playoff Events ScheduleSuper Blue Friday-

Friday, January 26 Presented by Dick’s Sporting Goods, Shane Co. and Sky Bank, and brought to you in part by Bud Light--

Circle Centre Mall Food Court49 West Maryland StreetIndianapolis, IN 46204
11 a.m. - 1 p.m.Super Blue Monday Send Off -

Monday, January 29
***The Indianapolis Colts are planning a Super Blue Monday Send Off on the Circle, tentatively set, from 12 p.m. to 1 p.m. More details about this event will follow.

Source: Indianapolis Colts

Colts win provides great opportunity for economic development

2007-01-22T05:48:00.000-08:00

When Asante Samuel picked off Peyton Manning in the second quarter of last night's AFC Championship game and ran it back for a touchdown, the state of Indiana all put their hands over their eyes in disbelief and surely tried to kick their furniture. The air had left the Hoosier state and the ghosts of playoff past began to circle. Thoughts of those snowy New England games and lost opportunities began to fill all Colts fans with a sick feeling.

For Indianapolis businesses, who had been enjoying an anticipated revenue boost of a combined $15 million, the interception was a sign that the end was near. A Superbowl run would mean more dollars in their pocket and more money pumped into a thriving economy. Little did they know, the Colts were about to make history. Down 21-6 at half, the Colts came out swinging and didn't stop until the final score read 38-34 Colts.

A state was vindicated and Peyton proved he could win the big game, but beyond Peyton and beyond the game itself, perhaps one of the biggest beneficiaries of this win are those of us in economic development. Some may say having a successful sports franchise does little to help attract businesses, but what may be lost in that argument, is what a win like this can do for branding and marketing in a city known mostly for famous races and big-time basketball.

For years, the Indianapolis region has been seen as an old-fashioned state founded on the principles of discplined basketball, but what often gets lost among this stereotype is the thriving economy central Indiana boasts. The Colts winning the AFC Championship offers a chance for our region to shine and a chance to show even more companies why the Indianapolis region is a great place to start, expand, or relocate your business.

The Indy Partnership's role is to attract jobs and provide assistance to those companies looking to relocate. We are the salesman - pounding the pavement, knocking on doors, getting the word out about the tremendous benefits of doing business in the Indianapolis region. Having an NFL team do well in the playoffs does nothing but help market the region and strengthen our regional brand.

There is still work to be done, but when the Colts defeat the Bears on February 4th, we may be hiring a new salesman for our staff. Whether his name is Tony Dungy, Peyton Manning, or Bob Sanders, we are excited to show the world what we all ready know - the Indianapolis region is a great place to live, work, and play. Go Colts!

Indianapolis Region's real estate market thrives in 2006

2007-01-18T11:05:00.000-08:00

Any real estate agent worth a dime will tell you that when searching for a house, there are only three words you need to know - location, location, location. The same concept also applies to economic development and choosing a site for a corporation.

Your natural competitive advantages, such as location, can be the difference between a thriving real estate market and a dying one. The Indianapolis region happens to be located in the center of the Midwest and the U.S., offering a natural competitive advantage. This is also one major reason why the second largest FedEx hub in the country is located at the Indianapolis International Airport and why a variety of distribution and warehouse companies call central Indiana home. Couple this fact with a low cost of doing business and thriving industries in life sciences, logistics, advanced manufacturing, motor sports and more, and it all adds up to a strong commercial real estate market.

Our location is especially beneficial to those companies looking to move goods more quickly around the country (i.e. every company) and is a major selling point when the Indy Partnership's business development staff talks to companies interested in re-location or expansion.

So how did the commercial real estate market perform in 2006? Colliers Turley Martin Tucker released a report on the real estate market in central Indiana.

Colliers Turley Martin Tucker Outlines State of Real Estate
Source: INside Indiana Business with Gerry Dick Full text article

INDIANAPOLIS – The Central Indiana real estate market proved to be thriving in all sectors in 2006, the presenters will report at Thursday’s annual The State of Real Estate® event, “Forces in Focus,” hosted by Colliers Turley Martin Tucker, the largest local commercial real estate brokerage firm, at 4 p.m. at Clowes Hall on the Butler University campus, 4602 Sunset Avenue.

The Central Indiana industrial market experienced another banner year in 2006. Occupancy growth totaled 5.7 million square feet (MSF) for the year, eclipsing 2005’s total of 5.6 MSF. This report marks the third consecutive year of at least 5 MSF of occupancy growth. Over the three-year span of 2004-2006, occupancy growth was 17.7 MSF.

Putting this growth into perspective, the previous three-year span, 2001-2003, saw an occupancy growth of 7.1 MSF.This explosion in growth is directly attributable to Central Indiana’s emergence as a major distribution hub. From 2001 through 2003, distribution space (modern bulk, traditional bulk, and medium distribution) accounted for 7.5 MSF of growth. That figure ballooned to 16.7 MSF from 2004 through 2006.

The explanation lies in location. Seventy-five percent of the U.S. population lies within a one-day truck drive from the Indianapolis area, where four interstate highways converge – more than any other metropolitan area in the country.

Indianapolis Region attracts younger workers with perks

2007-01-16T12:50:00.000-08:00

So what do college recruiting and the Indianapolis Region have in common? The answer is probably far from what you are thinking.

It may be a stretch, but college football recruiting is a great metaphor for what is happening to the workforce within central Indiana.

Many college football programs are recruiting athletes at a younger age and they are offering more and more perks for student athletes. If you were to listen to a college recruiter talk their program up, you might hear things like: "We have the best practice field," or "We have the best weight room." Similarly, the same can be said for many central Indiana companies. They are attracting a younger, smarter worker and to do so, they are talking up their own program: "We are located next to a shopping mall," or "We offer weekly massages and a concierge service" or "We pay for your gym membership."

The idea is simple - offer more personal services such as dry cleaning service, daycare and even re-locating or opening a business within a shopping district - and your employees will be happier and more productive. Once you have these perks in place, you suddenly have a deeper benefits package to offer potential employees.

Two Information Technology companies located in the Indianapolis Region are using this tact to attract a younger workforce. Exact Target, a local email firm who works with a variety of Fortune 500 clients, recently moved their corporate headquarters to downtown Indianapolis, near lots of shopping and personal services.

"Moving near the ammenties downtown Indianapolis has helped us attract younger workers. Most of our company is made up of 25-40 year olds," said Chris Baggott, co-found of Exact Target and President of Compendium. "We have clients all over, but having our corporate headquarters here is great. It is centrally located and local programming talent is easy to find."

Interactions Corporation, an IT software firm located in Hamilton County, also moved near shopping to attract young, inspired workers. In 2006, the company moved its headquarters from New Jersey to Carmel, IN, and chose to lease space at Clay Terrace, an upscale outdoor mall.

At the Indy Partnership, our job is to get the word out and show people outside our state what we already know - our regional economy is smart, and the companies located here "get it." With a number of central Indiana companies offering these perks, it keeps our workforce fresh and frankly, makes our job easier.

Attention college sports recruiters: maybe building a $10 million dollar weight room isn't the answer to attracting new recruits, instead steal a page from the Indianapolis region's playbook, sometimes the simple perks are often the best.

The Indianapolis Star discussed this issue in a recent article entitled: Using perks to lure good staff: It's a wash. Full text article

Indy's downtown canal emerging as biotech hub

2007-01-15T05:43:00.000-08:00

When it comes to chemistry class, there are two kinds of students - those who love chemistry and those who don't. Luckily in central Indiana, we have approximately 275,000 skilled workers who eat, drink and sleep all things complicated. At Indiana University's Emerging Technologies Center (IUETC), a biotechnology business incubator located in the heart of downtown Indianapolis, many of these skilled workers have the chance perform their dream research. For the Indy Partnership, IUETC provides a sales tool that many high-tech economic development corporations do not have; a place to hang your hat on.

One IUETC company recently made headlines for a break-through discovery in tissue sampling.

See full story below.

Indy company rides biotech breakthrough
WEST LAFAYETTE, Ind. -- A key method of scientific research -- spreading a tissue sample across a slide, staining it and then studying it with a microscope -- was developed in the 19th century.

In many cases, that has given way to modern techniques such as mass spectrometry, a method of separating a sample's molecules by weight to better determine its composition.
But imagine if there was an even quicker way.

A team of researchers from Purdue University has developed a method of scanning samples for bacteria such as E. coli, or evidence such as explosives residue, and an Indianapolis biotech company is ramping up its production of machines using the technique.

Indianapolis Star full text article

This just in: Life Science Jobs Rock

2007-01-10T18:15:00.000-08:00

In what has become a trend in central Indiana, yet another company has chosen to move their life sciences company to the hoosier state. Here at the Indy Partnership, we were excited to help a company like Beckman Coulter move a key product line to the Indianapolis Region. In coordinating the move, the Indy Partnership heard the same message we often hear - we can save money by moving our business to central Indiana. The bread and butter of what we do often lies with companies who have existing businesses in the region, especially in the fast growing, high paying life sciences industry. We can compete for a variety of these projects because we have the assets companies like Beckman Coulter are looking for; our strong logistics hub, low cost of doing business and world class life science university programs.

See full story below:

Life Sciences Continue to Grow in Indianapolis Region

Beckman Coulter Inc. announced this afternoon that it will shutdown a centrifuge development and manufacturing facility in Palo Alto, Calif., and move its operations to Indianapolis. The Palo Alto facility employs 220 people.

Beckman Coulter, based in Fullerton, Calif., said the move will cut costs and improve its ability to recruit and retain skilled employees.

“Closing our facility in Palo Alto was a difficult decision because the people there have always done excellent work and we have a long history in the area,” Beckman Coulter senior vice president Pam Miller said in a statement.“By relocating our operations to the Indianapolis area, we can work aggressively to manage our costs and maintain our leadership position in centrifugation, an important asset of the company,” Miller’s statement continued. “Also, we’re able to take a longer-term view of workforce planning.”

Beckman Coulter said several factors contributed to the decision. They included the presence of an existing Beckman Coulter operation in Indianapolis; the area’s favorable business environment and low cost of business, its central location and strong engineering and manufacturing workforce, and the state’s strategic focus on life sciences and advanced manufacturing.

The company generates $2.4 billion in sales a year manufacturing biomedical testing systems.

Source: Indianapolis Business Journal, full text article

ProLogis continues growth in Indianapolis Region

2007-01-10T05:20:00.000-08:00

DENVER, Jan. 10 -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that it has leased 282,000 square feet of distribution space in suburban Indianapolis to Subaru of America, Inc.

The recently completed distribution facility, totaling 501,000 square feet, is located along Interstate 65 in the city of Whitestown, Indiana. Subaru plans to use the facility as a regional distribution center for its automotive parts and accessories, serving Subaru dealerships and other automotive retailers throughout the Midwest.

"Subaru has chosen the Whitestown location to be both a regional parts distribution center and a repackaging center," said Gary D. Palanjian, vice president, Parts and Accessories, Subaru of America, Inc. "Its proximity to the Subaru manufacturing plant in Lafayette, Indiana, provides a big advantage in terms of logistics efficiency and synergy. We will gain significant additional square footage for future growth and increased flexibility for warehousing operations."

ProLogis has leased approximately 1.1 million square feet of industrial space in the Indianapolis market over the past two months. In December, the company announced it had leased an 812,000-square-foot distribution center near Indianapolis International Airport to OH Logistics, a third-party logistics provider.

"These recent agreements underscore the strengthened demand for high-quality industrial facilities we're seeing throughout Indianapolis," Meador said. "We look forward to continued success in this market over the course of coming quarters."

Source: Inside Indiana Business full text release, ProLogis

Nissan contract means more business for Shelby County

2007-01-09T12:41:00.000-08:00

A new contract with Nissan is expected to bring increased production and new hires to PK USA's facility in Shelbyville.

The Shelbyville News reports that PK USA recently signed a new agreement to produce plastic parts for Nissan's cars.The company invested $2 million in purchasing and transporting a 3,000-metric ton injection molding press. The new contract is expected to add $4 million in annual revenue. PK USA also decided not to sell one of its Shelbyville buildings as a result of the agreement with Nissan.PK USA currently employs 500 full-time and 70 part-time workers at the Shelbyville plant.

Source: Inside Indiana Business and Shelbyville News.

Duke, Browning to build at AllPoints Midwest

2007-01-09T12:14:00.000-08:00

The joint venture developing AllPoints Midwest industrial park said today it is starting construction on its first building—a warehouse.

Duke Realty Corp. and Browning Investments Inc. said construction on the speculative 650,000-square-foot building will begin in February and finish in October, and could coincide with the opening of the Ronald Reagan Parkway. AllPoints adjoins the four-lane, limited access highway that links Interstate 70 and eventually Interstate 65 in Boone County.

Locally based Browning planned the 920-acre park with a potential for more than 12.5 million square feet of industrial space under the name CentraLogistics Industrial Park.In May, Browning announced a joint venture with locally based Duke to market it as AllPoints Midwest. The venture also jointly markets AllPoints at Anson, the 616-acre, 7.4 million-square-foot industrial park Duke is developing in Whitestown.

Source: The IBJ full text article

Indianapolis region records strong economic numbers in 2006

2007-01-08T05:16:00.000-08:00

Indy Partnership closes active 2006, looks ahead to 2007:

Indianapolis, IN − The Indy Partnership is pleased to report a significant increase in capital investment and job creation during 2006 within the Indianapolis region. Projects involving the Indy Partnership and its 11-county local economic development organizations led to commitments of more than 9,000 new jobs and investments over $1.7 billion. These numbers are significantly higher than 2005, with the number of jobs commitments rising by over 40% and capital investment more than doubling.

“This was a banner year for economic development within the Indianapolis region. We experienced strong growth in 2006 and look forward to an even better year in 2007,” said Gordon Hendry, interim President and CEO of the Indy Partnership. “The Indianapolis region accounted for close to 40% of the new jobs in Indiana in 2006.”

During 2006, the Indianapolis region was recognized for out-performing its surrounding states by four separate research bodies. Forbes, the Federal Reserve Bank of Chicago, the Brookings Institute, and Kiplingers each weighed in.

According to the Brookings Institute report released in July 2006, Indianapolis was one of only six cities to experience enough job growth in advanced services positions to offset employment losses in manufacturing, and it ranked number one in the net gain of advanced services jobs, such as engineering, adding 34,500 positions.

In June, the Federal Reserve of Chicago found that the Indianapolis metropolitan area outperformed other cities and was the only large city tracked by the Chicago Fed to experience job growth between 2000 and 2005. Finally, in May, Forbes Magazine named Indianapolis as one of the 10 best places in America to start a business or a career, and the new Kiplinger’s survey ranked Indianapolis as one of the top 14 “Smart Places to Live” in the country.

Major 2006 successes:
• Nestle. Largest U.S. plant of over 880,000 sf, $357 million invested and 400 new jobs
• Rolls Royce. $145 million expansion with 600 new aerospace jobs
• FedEx. 800 new jobs and 600,000 sf expansion
• Toyota. $230 million investment and 1,000 new jobs
• Arbonne International. 400 new jobs and 208,000 sf distribution center
• Wellpoint. $12 million investment, 1200 new jobs at Indianapolis International airport
• New headquarters: Revere Industries, GVS Filter and Festool

Giant new warehouse stokes AirTech's boom

2007-01-03T05:54:00.000-08:00

Construction will start before April on one of the biggest speculative warehouses in Central Indiana, a sign that demand still runs strong for industrial storage in the area.

Equipped with up to 145 loading docks and surrounded by space to park 500 semitrailers, the new warehouse will be one of the last major developments in AirTech Park, which has benefited from the construction nearby of an I-70 interchange just west of Indianapolis International Airport, said John F. Hirschman, a director of development for Indianapolis-based Browning.

Sporting 36-foot-high ceilings, the warehouse at AirTech Park will cost more than $20 million to build. It will be offered for lease to distributors, manufacturers or logistics companies that have made Central Indiana a national warehousing hub.

Article source: The Indianapolis Star, full text article.

Welcome to the Indy Partnership Blog

2006-12-19T05:11:00.000-08:00

Welcome to the Indy Partnership Report, your source for economic development news in central Indiana.

This blog is dedicated to bringing you the latest news, expert opinions, and notes regarding economic development in central Indiana. Our writing staff consists of economic development guru's in motorsports, life sciences, advanced manufacturing, logistics, and more.