Parking operator to yield $35M, 200 jobs
INDIANAPOLIS — The city of Indianapolis has selected Dallas-based ACS to operate its public parking system.
Mayor Greg Ballard says the deal includes a $35 million up-front payment and the creation of 200 jobs. ACS expects the city to collect approximately $400 million in ongoing revenue over the length of the contract.
Toyota announces more hiring details
PRINCETON — Toyota Motor Manufacturing Indiana Inc. says it is adding 32 full-time positions, which marks the first time the Princeton plant will hire production staff since 2006.
Hiring is expected to begin in late September.
Straterra, Cymbalta decisions favor Lilly
INDIANAPOLIS — A tough week for Indianapolis-based Eli Lilly and Co. ended with positive news.
A U.S. district court judge granted a 14-day restraining order on the launch of a generic version of Strattera. Also, a Food and Drug Administration advisory committee approved the use of the antidepressant Cymbalta for chronic pain.
Shipping pumps $5.4B into economy
GARY — A new study suggests Indiana’s three ports contribute $5.4 billion a year to the state’s economy.
The research from maritime economic consulting firm Martin Associates also says the ports account for more than 43,500 jobs. Ports of Indiana officials say the estimates are conservative because the study utilized data from the economic downturn in 2009.
Solar firm adding 120 jobs by 2013
PORTLAND — Fort Recovery Construction & Equipment LLC is expanding its SolarAg division in Portland and creating up to 120 jobs by 2013.
The company says it will invest nearly $2 million to renovate its facility for research, development and production of solar thermal collector panels. SolarAg will begin hiring management, sales and production workers later this fall.
Potential GM buyer still optimistic
INDIANAPOLIS — Illinois businessman Justin Norman is continuing his appeal to union workers at General Motors Co.’s Indianapolis Stamping Plant to vote on his proposal to buy the facility.
Norman says, based on supportive calls from workers at the plant, he’s optimistic the proposal can be presented for “an up or down vote.”
Fort Wayne fighting for Navistar jobs
FORT WAYNE — Navistar International Corp. is planning a “phase down” of its operations in Fort Wayne over the next two to three years.
But Mayor Tom Henry is still working to save some of the 1,100 jobs by trying to convince company officials to continue to utilize some Fort Wayne facilities.
Gerry Dick’s Inside Indiana Business briefs appear Wednesdays, Fridays and Sundays in The Herald Bulletin. For more on these stories and more Indiana business news, visit Insideindianabusiness.com.
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Gerry Dick Business Briefs: Aug. 22
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Wall Street atmosphere alive at AU
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Susan Miller: Minds made better thanks to lists
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Gunman robs Old National Bank
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Report: Hoosier Park leaves economic mark on county
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Call answered decades later
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Gerry Dick Business Briefs: Feb. 5
A compilation of business news items of local and statewide interest, provided by writer Gerry Dick.
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'Big Joe' Clark: Housing market yet to bottom out
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Rivals back home, friends here
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