Toyota workers offered buyouts
PRINCETON — Toyota Motor Manufacturing Indiana Inc. is offering voluntary buyouts to employees as the automaker continues to deal with the weak economy. The facility in Princeton will also implement a salary freeze “for the foreseeable future,” as part of overall cost reductions at Toyota’s North American manufacturing plants.
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Two employers shut down Indiana plants
NOBLESVILLE — Two companies have finalized plans to shut down their Indiana operations. Firestone Industrial Products Co. and Keystone RV Co. have filed notices with the state for the closures. Two-hundred thirty-eight Firestone workers in Noblesville and 265 Keystone workers in Goshen and Howe will be affected as part of previously announced job reductions.
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I&M; purchasing more wind energy
BENTON COUNTY — Indiana Michigan Power is preparing to purchase another 50 megawatts of wind energy from the Fowler Ridge Wind Farm in Benton County. The company says it is working on a 20-year agreement that would begin in January 2010. I&M; has already purchased 100 megawatts from Fowler Ridge.
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Games could bring rail investment
MERRILLVILLE — A conference next month in Merrillville will take a critical look at Midwest transportation needs if Chicago lands the 2016 Summer Olympics. Organizers of the 10th annual Golden Spike Seminar believe the Olympics could provide the “stimulus” to fund a proposed passenger rail system in the Midwest.
Indiana High Speed Rail Association Vice President Dennis Hodges says transportation would be “paramount” to the Olympics’ success. International officials will also speak to highlight the positive impact rail transportation is having on their nations' economies.
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Terre Haute loses one, wins another
TERRE HAUTE — The president of the Terre Haute Chamber of Commerce says the announcement by Boral Bricks to temporarily stop production comes as a surprise. Rod Henry says it is a reflection of the downturn in the U.S. housing sector. He says the company remains committed to its $60 million investment in Terre Haute. Henry says the decision follows another announcement that should be a significant boost for the city's downtown area.
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Job applicants flood Holiday World park
SANTA CLAUS — Holiday World & Splashin’ Safari in Santa Claus says it has received nearly two-and-a-half times the number of job applications compared to this time last year. The family entertainment venue has held several job fairs to help fill more than 2,000 seasonal openings. Holiday World opens for the season on May 2, and Splashin' Safari opens May 15.
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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.
Local Business
Gerry Dick's Indiana Business Briefs
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History: Lapel Telephone Co. was talk of town
In November 1962, when the Lapel Telephone Co. was sold to United Utilities by the children of founder Earl Tull, a Madison County era ended.
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Fire fighting, business coexist in heart of Anderson developer
Dave Cravens' latest development project is 5,600 square feet of retail space at 4131 S. Scatterfield Road that he calls Raven Plaza.
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Business Briefs: May 27
A compilation of business news items of local interest as published in the Sunday edition of The Herald Bulletin.
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'Big Joe' Clark: Problem isn’t the cost of education, but its quality
We must spend less time focusing on how to bring the price of an education down and more time figuring out how to bring up the quality of that education.
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Boxes outside Aldi catch fire
A small fire outside the Aldi grocery store in Anderson caused an evacuation of shoppers and employees.
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Remy to build Chinese manufacturing plant
Remy International Inc. plans to build a manufacturing plant and engineering center in Wuhan, China, company executives announced in Chicago earlier this week.
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Susan Miller: Looking for a summer vacation vocation
Summer vacation is often a synonym for summer vocation, particularly for teenagers.
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Frankton woman will be on online car ad
Tina Collins giggled as she sped around the track in a go-kart at Applewood Raceway. Her son, Owen Foit, 18, smiled broadly as he threatened to pass her while her daughter, Tarah Collins, 14, tried to catch up from behind.
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Senate candidate visits Alexandria ethanol plant
In his first post-primary visit to Madison County on Wednesday, Democratic U.S. Senate candidate Joe Donnelly visited the Poet Biorefining plant here to underscore his support for energy independence and Indiana corn farmers.
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Corporate sponsorships help Elwood YMCA expand
The YMCA has been a part of the Elwood community for 20 years, but a new series of partnerships coupled with a $60,000 renovation are strengthening those bonds.
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