Avoiding Accidental Franchise Pitfalls
Most people think they know a “franchise” when they see one—McDonald’s, Subway, 7-Eleven, Anytime Fitness, to name a few. However, there are some franchise relationships that are not so obvious. Many business relationships, including those in manufacturing and distribution, could easily become “accidental” franchises if companies are not careful.
Tech Momentum Continues in Indiana
The hits keep coming for Indiana’s growing tech sector. The announcement that San Francisco-based Appirio has designated Indianapolis as its corporate headquarters is the latest in a string of positive news for the sector.The cloud services company says its goal is to add more than 420 employees in Indy over the next five years. In a text exchange, High Alpha Managing Director and ExactTarget co-founder Scott Dorsey told me it is “enormous validation” for the Indy tec...
Good Employment Numbers, But We've Got Issues
Hoosiers should be celebrating recently-released employment numbers that show private sector employment in the state is at an all-time high, more than 2,200 jobs higher than the previous peak in March 2000. The Indiana Department of Workforce Development says unemployment in July dipped to 4.7%, its lowest level since November 2007. And, unlike neighboring states like Illinois, Indiana’s labor force is expanding, the state adding 10,000 individuals last month. Good stu...
Hot Air Blowing in From the West…Along With More Jobs
You’ve got to hand it to Illinois Governor Bruce Rauner. In April, the first term Republican generated headlines and raised the ire of Hoosiers when he vowed to “rip the economic guts” out of Indiana. Rauner’s rant was prompted by high profile efforts by the Indiana Economic Development Corporation to lure companies from The Land of Lincoln with advertising campaigns including "Illinoyed" and "Stillinoyed."...
Plan Developed; Time For Action
More than two hundred community leaders from all corners of the region gathered last week in Mishawaka for the unveiling of the first ever regional economic development plan. The plan launch marked the culmination of more than a year of work by hundreds of volunteers seeking to develop a roadmap for regional development over the next seven years. The plan comes on the heels of...
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Manufacturing Exec: Indiana Has a 'Population Problem'
The president of the Indiana Manufacturers Association says, to fill the growing number of openings in Indiana's manufacturing sector and beyond, the state needs to ramp up efforts to increase its population. "Our check engine light is on," says Brian Burton, "and it's blinking." He says the association is pushing a measure with state lawmakers that would exempt some people who move to Indiana for a job from paying state income tax for a number of years.
Gen Con Extends With Indianapolis
Gen Con LLC has extended its agreement to hold its massive gaming event in Indianapolis through 2022. Last year's event attracted record turnstile attendance of nearly 208,000. For the first time in its 50-year history, the convention sold out all of its attendee badges before last year's event began. The event also added the first level of Lucas Oil Stadium, and reached Bankers Life Fieldhouse for the first time for a concert by Grammy-winning band They Might Be Giants.
Cummins to Design Combat Engines That Elude the Enemy
The monstrous, larger-than-life military tanks of tomorrow could be powered by Hoosier ingenuity. A recent $47 million defense contract delivers marching orders for Columbus-based Cummins Inc.: develop the next-generation engine to power U.S. combat vehicles, and it must be stronger, but smaller, and elusive to enemies’ efforts to spot it.
Three Floyds Pitching Major Expansion
The state's largest production brewery is proposing a big expansion. Munster-based Three Floyds Brewing Co. says plans include more than 114,000 square-feet of additional manufacturing and warehousing space, expanded retail, brewpub and office facilities and a new outdoor garden area for dining. The Plan Unit Development filing with the town of Munster also includes more parking and infrastructure improvements.
Greenwood Approves Downtown Projects
The Greenwood Redevelopment Commission has approved more than $4.5 million in downtown projects. They include a major exterior renovation for Planetary Brewing and a new connector road. The Planetary Brewing project is being supported by funding from the G.R.O.W. Greenwood Initiative, which is a matching grant program to help businesses along some of the city's most traveled corridors improve their aesthetic appeal. RDC President Brent Tilson says the results have been...