KOKOMO, Ind. (Oct. 28, 2009) - Governor Mitch Daniels joined executives from information technology firm, Zuna Infotech today to announce the company's plans to launch its headquarters here, creating more than 400 new jobs by 2012.The newly established provider of technology engineering and I.T. services will establish its initial home in Kokomo's Inventrek Technology Park, a high-tech business

Three areas of Indiana are receiving federal stimulus funds to modernize the electric grid. More than $39 million is being distributed to help implement smart grid systems. The grant recipients are in Auburn, Carmel and Indianapolis. Washington—Senator Evan Bayh today announced that Indiana will receive more than $39 million in economic recovery funds to modernize local electrical grids and

Monticello-based Jordan Manufacturing Company Inc. is poised to bring more than 70 jobs to Indiana. Rushville leaders have approved a plan allowing the company to open manufacturing operations in an existing building. The facility will produce parts that are currently being made in China. The Rushville Republican reports the company wanted to move the production to the U.S. due to quality

A Swiss company broke ground this week on a new, environmentally-friendly office building in Fort Wayne. The three-story structure will be adjacent to an existing Swiss Reinsurance Co. Ltd. location. Swiss Re's presence in the city dates back to 1912 and it currently employs approximately 250 in Fort Wayne. Fort Wayne, Ind. (October 21, 2009) — Swiss Re has announced it will hold a groundbreaking

SCHOTT North America in Vincennes has been awarded a defense contract to manufacture specialty glass and will add up to 150 jobs by 2010. The company will invest $7.2 million over the next few years in its Knox County facility to produce transparent armor windows. The 125-year-old company currently employs approximately 300 in Vincennes and plans to hire additional production and supervisory

The U.S. Air Force has selected Rolls-Royce North American Technologies Inc. in Indianapolis to perform Phase II development in its Adaptive Versatile Engine Technology (ADVENT) demonstrator program. The announcement is considered a major milestone at the Indianapolis facility. The next phase of work will include integrating advanced technologies, component testing and development of a technology

An Energy Cluster Roadmap for southwest Indiana's Project GREEN effort has been unveiled. The plan from consultants Greyhill Advisors calls for the development of a recruiting program for a clean energy original equipment manufacturer and the establishment of the Southwest Indiana Energy Technology Center. The roadmap also suggests the implementation of an energy efficiency program and further

Germany's Evonik Industries AG says its plans for Indianapolis-based Eli Lilly and Co.'s (NYSE:LLY) Tippecanoe Laboratories go far beyond a supplier agreement with Lilly. Evonik's North America Region President Tom Bates says it gives the company "capacity for business in addition to what we will be supplying Lilly." Lilly and Evonik announced an agreement Wednesday for Evonik to acquire the

´Forty-five states have increased or plan to increase taxes to plug massive state budgetshortfalls since the recession began in December 2007. Indiana is one state in which taxeshave gone down.• Illinois is three months behind on $3 billion owed to its vendors and is currentlyconsidering a hike of up to 5 percent in state income tax.• Michigan is facing a $2.8 billion budget deficit, operating

An Energy Cluster Roadmap for southwest Indiana's Project GREEN effort has been unveiled. The plan from consultants Greyhill Advisors calls for the development of a recruiting program for a clean energy original equipment manufacturer and the establishment of the Southwest Indiana Energy Technology Center. The roadmap also suggests the implementation of an energy efficiency program and further

Germany's Evonik Industries AG says its plans for Indianapolis-based Eli Lilly and Co.'s (NYSE:LLY) Tippecanoe Laboratories go far beyond a supplier agreement with Lilly. Evonik's North America Region President Tom Bates says it gives the company "capacity for business in addition to what we will be supplying Lilly." Lilly and Evonik announced an agreement Wednesday for Evonik to acquire the

Eli Lilly and Co. (NYSE:LLY) Senior Vice President for Corporate Affairs Bart Peterson says the sale of Tippecanoe Laboratories near Lafayette to Evonik Industries AG "makes sense" for both companies and the 700 workers at the plant. He says the deal brings a new corporate citizen to the state, provides another long-term supplier to Lilly and saves Hoosier jobs. The Indianapolis-based

Cook Urological will hold a ribbon cutting Wednesday afternoon for its new manufacturing facility in Spencer. The 160,000 square-foot structure is adjacent to the original Cook plant and has been designed for an additional 100 or more employees, on top of the existing 500-person work force. The new facility in Owen County features an expanded kitchen, cafeteria and fitness center. Adjacent to the

Several Indiana organizations have been honored by the International Economic Development Council (IEDC). The Purdue Research Foundation has won an Excellence in Economic Development Award for Regionalism and Cross-border Collaboration. The organization has given One Southern Indiana an award for business retention and expansion efforts. The Northeast Indiana Regional Partnership has won two

The Purdue College of Technology plans to develop an Advanced and Renewable Energy Lab in Kokomo. The facility will provide hands-on training for students in alternative, renewable and sustainable energy technology. A key piece of equipment will be a Solar/Wind Training System to help students learn how solar and wind energies are converted, transmitted and stored. Funding will be provided by

The Natural Resources Defense Council (NRDC) says renewable energy has the potential for significant job creation, investment and new tax revenues for Indiana's rural communities. NRDC has released a study outlining the potential of renewable technologies including wind power and biofuels. The research suggests the construction of 30 commercial-scale wind farms in the state would have an annual

Activities are scheduled today at Toyota Motor Manufacturing Indiana in Princeton to mark the start of production for the Highlander sport utility vehicle. Spokeswoman Kelly Dillon says the vehicle is the automaker's 12th North American-built model and will be produced on the plant's second production line. She says Toyota pumped $450 million into the project, the company's only investment this

On Thursday, Toyota Motor Manufacturing Indiana (TMMI) makes good on its August 2008 promise to bring the Highlander line, a mid-sized sport utility vehicle, to the Gibson County plant.The $500 million price tag represents Toyota’s only new commitment this year, said Kelly Dillon, TMMI’s manager for public affairs and corporate compliance officer.This addition brings the large Southern Indiana

Honda Manufacturing of Indiana (HMIN) has started producing vehicles for export to Mexico, 22 Latin American and Caribbean nations and U.S. territories. Up until this point, the more than 50,000 Civics built at the Greensburg plant had been sold in the U.S. HMIN Vice President Rick Schostek says the U.S. remains the primary market for Indiana-built Civics, but exporting the vehicles shows the

The Miller College of Business at Ball State University is planning a forum to discuss the Muncie-area's readiness for alternative energy. The Wednesday event will include representatives from the Delaware County Economic Development Alliance, Energize-ECI and Brevini Wind. Brevini plans to employ 450 in the area to make gearboxes for wind turbines. Ball State University's Miller College of

Subaru of Indiana Automotive Inc. (SIA) in Lafayette will roll out its three millionth vehicle this afternoon. An event is planned at the plant to mark the occasion, which will include SIA President and Chief Executive Officer Motokiyo Nomura and Senior Vice President Tom Easterday. The landmark vehicle will be a silver 2010 Outback.The plant also produces the Subaru Legacy, Tribeca and the

Economic development officials in Tipton County appear to be closer to finding a tenant for the failed Getrag Transmission facility. Monday night, various county agencies approved a resolution for an incentive package aimed at attracting a solar renewable energy company. Tipton County Economic Development Director Gayle Van Sessen tells Inside INdiana Business the unnamed company has plans to

Dow AgroSciences LLC is planning to occupy research space and a massive greenhouse at the Purdue Research Park in West Lafayette. The company says the deal is a collaboration with the Purdue Research Foundation, Purdue University and the state of Indiana. Up to 30 scientists will work at the park as part of the deal, with another 18 contract researchers expected to be hired. Dow AgroSciences says