Gas grill maker to employ 300
HUNTINGTON — A Canadian company is locating its first U.S. grill production facility in Huntington.
Onward Manufacturing Co. says it plans to create 300 jobs by 2011. The company produces gas grills for retail sale and will invest several million dollars to upgrade an existing building that used to house a fireplace manufacturer. Onward has already started hiring personnel in Huntington.
More counties pool economic resources
LAFAYETTE — A nine-county region including communities such as Lafayette, Logansport and Crawfordsville has formed a regional economic development organization.
Lt. Gov. Becky Skillman announced the MidWest Indiana Economic Development organization at Ivy Tech Community College’s Lafayette campus. She says the counties will pool resources to better sell the region to growing companies.
Cummins’ quarterly profit declines
COLUMBUS — Columbus-based Cummins Inc. says third-quarter net income dropped 59 percent compared to a year ago.
The engine maker is reporting earnings of $95 million, or 48 cents per share, down from $229 million, or $1.17 per share. The third quarter results include $22 million of restructuring and other charges associated with the cost of job-reduction actions.
Lilly opens new facility in California
INDIANAPOLIS — Eli Lilly and Co. has announced the opening of a new biotechnology center in San Diego.
The Lilly Biotechnology Center-San Diego will serve as the work base for more than 100 scientists. The center will primarily focus on discovering, engineering and conducting clinical trials on potential biologic medicines.
The opening follows Lilly’s announcements that its ImClone research headquarters was being moved into a new biopharmaceutical research cluster in New York.
Leading index flat in September
BLOOMINGTON — The September Leading Index for Indiana (LII) was unchanged from August due to a slight dip in the auto sector.
Three of the five components that make up the LII edged up in September, but the auto sector decline resulted in the composite index remaining flat.
The Indiana Business Research Center at Indiana University’s Kelley School of Business says the stable LII in September and the recent announcement of new manufacturing jobs in Indiana present a mixed economic picture.
Old Carco returns $5.5m in bonds
TIPTON — Old Carco LLC, formerly know as Chrysler LLC, has returned $5.5 million in bonds to Tipton County related to the failed Getrag Transmission venture.
In exchange, Indiana Secretary of State Todd Rokita says his securities division has agreed to dismiss a violations complaint against the company. Tipton County issued the bonds to Chrysler to finance the transmission plant project. The joint venture with Getrag Transmission Manufacturing fell through after Chrysler revealed it could not make the necessary guarantees to allow the German company to secure funding.
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
Oct. 31: Gerry Dick Business Items
- Local Business
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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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TIF expansion proposal gains more support
Before being able to expand a large consolidated tax increment financing district, the city’s economic development department has to get approval from several government bodies.
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Emmett Dulaney: Today’s actions hurt tomorrow
I have no recollection of why, but for some reason when we were kids my brother could not stand Catfish Hunter.
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Hoosier Park revenue posts 4 percent increase so far this year
Gambling revenue from Indiana’s 13 casinos has dropped the past two years and faces a third year of decline in 2013. But revenue at Hoosier Park & Casino grew at rate of 4 percent so far this year, said CEO Jim Brown.
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Families get help with weatherization, energy assistance
Glenn Skinner installed the “modern blower” furnace himself more than 53 years ago. As last winter began to approach, Skinner and his wife began to worry that it was finally going to “blow” and they’d be without heat.
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Boxes outside Aldi catch fire
