Tuesday, November 19, 2013

'Aggressive Effort' Keeps High-Paying Jobs

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Inside Edge E-Newsletter - Midday Report

November 19, 2013
INside Edge
Midday Report

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'Aggressive Effort' Keeps High-Paying Jobs

Fort Wayne Securing BAE

Fort Wayne's redevelopment director says keeping BAE Systems in the city will retain hundreds of high-paying, high-skilled jobs. Greg Leatherman says the company plans to make "a real statement" with a proposed $39 million facility near Fort Wayne International Airport that could include more advanced technology. The redevelopment commission has approved $2 million in incentives, dependent on some additional documentation from the company.

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Leatherman says a coordinated and aggressive approach helped keep BAE in the city.

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Manufacturer Plans Kosciusko County Expansion

An Ohio-based company has announced plans to pump $6.7 million into its Pierceton manufacturing operation. OMCO says the expansion could lead to 40 jobs by 2016. The steel component maker currently employs more than 120 Indiana workers.

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CEO Leaving Economic Growth Organization

The Elkhart-based Corporate Partnership for Economic Growth is searching for its next president and chief executive officer. Shawn Peterson, who has led the organization for two years, says he plans to return to the private sector.

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Pelath Hopes For Focus on Jobs, Education

House Democratic Leader Scott Pelath (D-9) believes the pending debate on a constitutional amendment to ban same-sex marriage will likely overshadow issues including education and job creation during the 2014 session of the Indiana General Assembly. In outlining Democrat goals, Pelath says, instead of focusing on those matters, the session will "inflame emotions of people" across the state by voting on the issue of marriage equality.

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Fishers Chamber Holding 'First Mayor' Event

The Fishers Chamber of Commerce will host a panel discussion designed to prepare the community for its first mayoral election. The mayors of Carmel, Westfield and Noblesville will discuss their experiences at tomorrow's event.

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Taft Announces Merger

Taft Stettinius & Hollister LLP, which employs nearly 200 in its Indianapolis office, is set to merge with a Chicago-based law firm. The move means Shefsky & Froelich will operate under the Taft name beginning in January.

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Seminary Opposes Proposed Marriage Amendment

A major faith-based school has joined a coalition opposing an amendment to the Indiana Constitution banning same-sex marriage. Indianapolis-based Christian Theological Seminary President Matthew Boulton says, in addition to hindering recruiting efforts, the proposed amendment contradicts its "historic mission and core Christian values."

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Studies Spotlight Downtown Indy Impact

Indianapolis Downtown Inc. says two new reports show the area is an "economic driver and residential magnet." The research shows more than two-thirds of new downtown residents are coming from outside Marion County. The studies were conducted in partnership with Indiana University's Public Policy Institute. IDI President Sherry Seiwert and IU Public Policy Institute Senior Policy Analyst Drew Klacik discussed the research on Inside INdiana Business Television.

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Elevate Ventures Touts Regional Impact

Elevate Ventures says its investments in northwest Indiana had a more than $33 million economic impact on the region. Our partners at The Times of Northwest Indiana report the Hoosier startup funding group has supported 30 businesses in Lake, Porter and LaPorte counties during the last two years.

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Developer Buys Historic Indy Building

A historic downtown Indianapolis building that has been vacant for around a decade could get another chance. An affiliate of Keystone Construction Corp. has purchased the Illinois Building. It is located near the Indiana Statehouse at Illinois and Market streets.

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Purdue to Pay Tribute to Prof's 'Golden' Contribution

Purdue University will honor a former educator for his role in the creation of the San Francisco Golden Gate Bridge. Charles Ellis, a civil engineering professor at the school in the 1930s and 1940s, will have a plaque dedicated Thursday at the school. He was the span's structural design engineer.

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IU Grows Partnership With Defense Institute

Indiana University is expanding its partnership with the North Carolina-based Institute for Defense and Business. The move will include collaborations on degree programs, research and the pursuit of federal grants and contracts.

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INside Edge Stories

All stories posted on the INside Edge can be found on www.insideindianabusiness.com.

Edited by: Wayne Pratt, Andy Ober and Dan McGowan


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PERSPECTIVES

On The Road to More Economic Development

Counties, cities and towns across Indiana have begun to receive the additional funds from the State of Indiana as a result of changes in the Indiana road funding formula, which was part of the biennial budget that was passed in the 2013 legislative session by the Indiana General Assembly. It's a welcome influx of funds that could help local communities build and improve roads and bridges, leading to significant economic development and business growth.

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STOCKS

Market Indexes at 11:30
Dow: 15,982.72 (+6.70)
Nasdaq: 3,949.90 (+0.84)
S & P: 1,791.33 (-0.20)
Oil: 93.12 (+0.09)



TV: Next on 'Inside INdiana Business With Gerry Dick'
The Weekend of November 22

It's known for its dry bean soup and having the best tailgating spot at Lucas Oil Stadium. The N.K. Hurst Co. is celebrating its 75th anniversary. Tune-in Friday at 7:30 p.m. on WFYI 1, 10 p.m. on WFYI 3 and at a special time Sunday at 10 a.m. on WTHR-TV Ch. 13 in Indianapolis. Check local listings for other times around the state.

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News and Perspective From the Indiana     Chamber

Experience Not a Good Thing, Researchers Contend

When a professional sports team is looking for a new coach or manager, it typically hires someone with prior experience in that role. The same can often be said for companies and their CEOs. A pair of European researchers report that might not be the best approach in the business world.

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Steve Ferguson: Listening And Leading

There is much to know and appreciate about Steve Ferguson, the 2013 Indiana Chamber Business Leader of the Year. Start with this: "I think to be a leader you have to be able to communicate. People need to understand and trust you, believe in what you have to say. To be a good communicator, you have to be a good listener." BizVoice magazine has his story.

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Resource to Provide Latest Tax Information

Updates from the 2012 and 2013 Indiana General Assembly sessions and what they mean for businesses are among the topics to be covered in the Indiana Taxation Handbook (2013-14 Edition). Additional Indiana-specific information is presented in an easy-to-understand format. The book is currently in production.

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