Today, in honor of National Manufacturing Day, 22 companies announced plans to locate in or expand in Indiana, together committing to invest more than $154 million in their Hoosier operations and create up to 1,090 new jobs over the next several years. ROSA VILA JEWELRY, which was founded in 2016, is investing in its warehousing and production operations in Noblesville in order to expand its jewelry design and manufacturing operations with the goal of producing original and expressive jewelry at an affordable price. The company got its start as a small, oneperson shop and has since grown to a global online store, with availability also on a number of global ecommerce websites, supported by a team of five women. To support its growth and increase its customer base, the company plans to hire 27 new, full-time employees by the end of 2022. FairWinds was pleased to have assisted Rosa Vila with their expansion.
INDIANAPOLIS – Indiana Governor Eric J. Holcomb and Indianapolis Mayor Joe Hogsett joined executives from dormakaba today as the company announced plans to expand its operations in Indiana, naming Indianapolis its Access Solutions Americas segment headquarters and creating more than 165 new jobs over the next few years. FairWinds Advisors was pleased to have assisted with this expansion HQ project.
Nationally ranked startup accelerator Gener8tor has announced which five local companies will receive intensive and individualized coaching as part of the gBeta Indy program launched earlier this year. Fifty-eight companies applied for the fall class—six more than for spring. The local companies that will be a part of the fall class are: -Encamp, which automates hazardous-material-inventory reporting. -Little Nugget, which organizes digital photo albums. -SmileML, which makes software that annotates user emotions in interview videos and aggregates insights into a dashboard. -The Bee Corp., which applies data analytics to beehives to help growers with pollination. -ThickStat, which has a natural-language voice platform that delivers actionable business insights in real time. GBeta is a free accelerator for early-stage companies with local roots. Participants receive coaching plus access to Gener8tor’s national network of mentors, customers, corporate partners and investors. FairWinds Advisors is pleased to be a mentor for the program.
New Castle, IN: A vacant New Castle factory site could become busy again. Monday night, city council members learned Beacon Industries of Edinburgh, Ind. is considering expanding to 2200 Troy Avenue, the former E-Coating Plus facility. Council enthusiastically gave the go-ahead for local officials to explore “a vacant building deduction” – a three-year, 100 percent tax abatement. The estimated value of that, according to New Castle-Henry County Economic Development Corporation President and CEO Corey Murphy, is $15,000 per year. Murphy added the company is a “felon-friendly employer.” FairWinds Advisors was pleased to be part of the solution for Beacon Industries and the city's redevelopment of an old, vacant building.
Warsaw, IN: Orthopediatrics, located at 2850 Frontier Drive, Warsaw, is expanding its existing warehouse while also creating additional office, education and training spaces. During the groundbreaking, President and CEO Mark Throdahl said the company has grown immensely. In 2010, the company had approximately 20 employees. Now, the company employs 55 people. Orthopediatrics was founded in 2006, making orthopedic implants for children. Currently, the company has 25 surgical systems for trauma and bone deformities. FairWinds Advisors is pleased to have assisted with this expansion project.
Sales Tuners, founded by former Slingshot SEO and Compendium salesman Jim Brown in May 2016, plans to add 25 full-time jobs by the end of 2021 and make a capital investment of $365,800 to spur growth plans. The company, based at Launch Fishers, is a sales-training firm that took its name from a sales-oriented podcast Brown started in 2016 as a hobby. The company plans to hire employees who can provide group training for salespeople, one-on-one coaching and strategic advising for executives. The IEDC offered Sales Tuners up to $255,000 in conditional tax credits and up to $50,000 in training grants based on the job-creation plans.
Ultimate Automation plans to spend more than $1 million to grow operations and add 31 full-time jobs by the end of 2021. The commercial audio-visual, automation and information technology systems provider opened a storefront location at The Depot, 8594 E. 116th St., in November. It was founded at Launch Fishers by Will O’Brien in early 2017. The IEDC offered Ultimate Automation up to $325,000 in conditional tax credits and up to $50,000 in training grants based on the job-creation plans. The company had four employees when it made the incentive deal and has since grown to 11 employees.
VendorJump, a global e-commerce retailer founded last month at Launch Fishers, plans to add 26 fulltime positions and make a capital investment of $517,000 by the end of 2021. The IEDC offered VendorJump up to $185,000 in conditional tax credits and up to $65,000 in training grants.
Indianapolis-based software company Costello, Inc, co-founded by the former CEO of Compendium Software is planning a downtown expansion that is expected to create 65 jobs over the next four years. Costello Inc., which sells deal-management software for sales teams, said it plans to begin expanding its space in the Union 525 building at 525 S. Meridian St. to accommodate new employees.
Governor Eric J. Holcomb joined executives of Lessonly, a leader in online training software, today as the company announced plans to expand its headquarters in Indianapolis, with plans to more-than-double its team and create up to 102 new, high-wage jobs by 2020. Co-founded in 2012 by Max Yoder, the company’s chief executive officer, Lessonly develops powerfully simple training software that helps sales and support teams do better work. Lessonly’s software makes it easy to create lessons in minutes, and deliver customized training to employees about essential job functions. The company has experienced rapid growth, and helps drive employee productivity and performance for over one million learners at more than 500 companies – including NBC News, Trunk Club, Ibotta, and Thumbtack.
Stanley Black & Decker, a Fortune 500 company known for its power and hand tools, plans to create 500 jobs and invest $31 million at a new manufacturing site in York County. The company will occupy a new 345,000-square-foot building in Fort Mill’s Lakemont Business Park, where it will manufacture and assemble DeWalt cordless power tools, said the S.C. Department of Commerce.
Aero Interactive is celebrating the opening of its new headquarters in downtown Indianapolis. The web design, development and branding firm says the office will accommodate its growing staff, which doubled in size in 2017. Aero Interactive tells Inside INdiana Business it has invested $180,000 into the expansion. The firm currently employs six full-time and six part-time employees and plans to add an additional 19 full-time positions over the next five years. The Indiana Economic Development Corp. has offered Aero Interactive up to $165,000 in conditional tax credits and up to $35,000 in training grants based on the firm's job creation plans.
Gear Marketing is a Zionsville, IN based marketing and consultation firm that takes a team-based approach to help marketing, sales, and technology to work cohesively. Gear Marketing plans to expand in the Northwest Tech Park and invest $399,000 in personal property by 2021 while adding an additional 37 employees. “There is no denying that Indiana has become an epicenter of innovation and entrepreneurship in the growing mar-tech industry. We are happy to call it home and look forward to continuing be a part of this thriving and active community,” said Gear Marketing CEO Vince Freeman. “As fast as the technology changes in our industry, the partnership with the state and its training assistance will go a long way in ensuring that our employees stay ahead of the curve.”
120WaterAudit is a zWorks-originated, Zionsville, IN -homegrown company that works with large scale clients and individual consumers to improve potable water testing and compliance. The company plans to add an additional 35 employees and invest $523,000 in personal property by 2021. “We are excited and grateful to continue our mission and growth with the support and partnership of the Town of Zionsville, the IEDC (Indiana Economic Development Corporation), and the Boone EDC. We are happy to be members of the bourgeoning tech environment and will gladly scale our organization in Indiana,”said Co-Founder and CEO Megan Glover.
BrainForest Centers LLC, a digital brain-mapping firm that uses technology rather than drugs to help treat brain dysfunctions such as depression, anxiety and post-traumatic stress disorder, plans to add 185 new jobs and make a capital investment of $7.4 million by the end of 2021. BrainForest, 9748 Lantern Road, was founded in 2015 and opened its Fishers office Feb. 1. It also has a location in West Lafayette. The IEDC has offered BrainForest $1.8 million in tax credits and $100,000 in training grants. The company had no employees outside of ownership when it reached a preliminary agreement with the IEDC in June.
Flexware Innovation, a provider of software development, business intelligence and automation engineering services, announced plans today to expand its operations in Hamilton County, creating up to 68 new, high-wage jobs by 2021. The company will invest nearly $8 million to expand its operations in Fishers, renovating and equipping its current 10,000-square-foot facility at 9128 Technology Lane, with plans to consider building a new facility in the future. The improvements, which the company plans to complete in 2019, will support its increased demand for highly-integrated manufacturing and IoT (Internet of Things) solutions for its clients.
Fishers-based In Search of Technology—an IT firm that specializes in strategy and mobile-app development— announced Friday that it has created six jobs and plans to add 30 more over five years. ISoT, currently based at Launch Fishers has committed to make capital investments totaling $236,500 over five years. The Indiana Economic Development Corp. has offered the company $472,000 in tax credits over 10 years and $50,000 in training grants based on the firm’s job-creation plans.
Carmel, IN: Clinical Architecture, a software development company focusing on health care terminology management solutions, announced today that it is expanding its headquarters in Carmel, with plans to create 40 new, high-wage jobs by 2021. The homegrown Hoosier company is investing $4.2 million to lease, renovate and equip its new 23,500-square-foot office in the Meridian Mark I building along Carmel’s Meridian Street corridor.
Zionsville, IN: It has been a waiting game for DK Pierce but their new building in Creekside Corporate Park has finally finished construction. The company has invested about $4.5 million for the new building. That includes the cost of purchasing the 2.17 acres of land, building materials and everything inside. DKP consulting services assists biotechnology and pharmaceutical companies by providing strategic and tactical services across the entire drug life cycle. Their new building is located at 5400 W. 106th St. and has 17,500 square feet. The company currently has 19 employees. They are looking to hire 15 more in the next two years. Pierce is a longtime Zionsville resident. She has lived here for more than 25 years after spending 17 years traveling with different bio-pharmaceutical companies. She started the company in 2000 and moved into their first office on Ninth Street in a 5,000 sf building and then doubling its size through renovations in 2007.
Netfor, a provider of technical and customer-experience managed services, today announced plans to expand its footprint in Fishers, creating up to 97 new jobs by 2021. The company, which provides technology support for software and cloud-based information technology products, will invest more than $4 million to lease and equip a renovated 17,500-square-foot office in the Fishers Tech Park, which is more than double the size of its current office at 11810 Technology Drive. Netfor plans to move into the new space by the end of 2017, allowing it to support the increased demand from the Internet of Things industry and to create a more collaborative work space.
Indianapolis-based Viral Launch has announced $2.2 million expansion plans. The marketing technology company, which currently employs more than 20, has committed to add up to 250 jobs by 2021. Viral Launch plans to move fast and hire 30 workers by the end of this year and double its current office space in downtown Indy by early 2018.
Mitsch Design, a commercial interior architectural design firm, announced plans to expand its headquarters in Hamilton County, nearly tripling its office space and creating up to 43 new jobs by 2021. The company will invest $2.38 million to expand its headquarters in the Indiana Design Center. The Indiana Economic Development Corporation (IEDC) offered up to $75,000 in training grants and up to $225,000 in conditional tax credits based on the company’s job creation plans. The city of Carmel supports the project.
The Brookfield Group, a full-service technology company, announced plans today to expand its operations in central Indiana, investing in its Carmel headquarters and downtown Indianapolis data center. The company plans to create up to 31 new high-wage jobs by 2021. In addition, The Brookfield Group has also partnered with Indianapolis-based The Speak Easy to open a 10,000-square-foot co-working space called Platform 24; this is Carmel’s first co-working space.
Stratosphere Quality, a global provider of quality assurance and outsourcing solutions to manufacturers, announced plans today to expand its headquarters in Hamilton County, creating up to 250 new jobs by 2020.
DELV Design, an architecture, interior design and visioning firm, announced plans today to expand its operations in Indianapolis, creating up to 25 new high-wage jobs by 2021. The homegrown Hoosier company will double its footprint in the Stutz Business Center in downtown Indianapolis. Adding an additional 1,200 square feet, the company’s expanded office will allow DELV to grow its team to support new client acquisition. The IEDC offered DELV Design Studio LLC up to $240,000 in conditional tax credits and $40,000 in training grants based on the company’s job creation plans.
Iconic Digital Marketing, a full-service digital marketing firm, announced plans today to expand its operations in Indiana, establishing a new office in Fishers after growing its business in one of Indiana's nearly 40 co-working and innovation spaces. As part of its growth, the company plans to create up to 51 new jobs by 2021.
TPS Industrial Services, an integrated logistics solution provider, announced plans today to expand its headquarters in Indiana, creating up to 61 new jobs by 2020. Established in 2014 with a single truck and driver, the certified women- and minority-owned business has grown significantly in the last two years and currently employs 15 full-time Hoosiers. The company, which has already hired six full-time employees toward its goal of 61, plans to immediately hire four more full-time positions and will begin hiring for CDL drivers, dispatchers and sales executives in the next six months. The new positions are expected to pay salaries 25 percent higher than the state’s average wage.
Green Circle Health, a provider of health care management and wellness platforms designed to empower families to make healthier lifestyle decisions and improve outcomes, announced plans to locate its Client Services Center here, creating up to 125 new jobs by 2022.
Online custom cabinet maker CliqStudios recently opened an office in St. Louis County with plans to grow to 98 employees at a new $2 million design studio. The company has been approved to receive up to $795,584 through the Missouri Works incentive program and $75,000 in training funds, based on job creation, according to the Missouri Department of Economic Development.
CliqStudios, the nation’s largest online retailer of semi-custom kitchen cabinets based on revenue, announced plans today to invest $5.1 million to locate a new cabinet design studio in downtown Indianapolis. As part of its growth, the company will create up to 200 new high-wage jobs by 2020.
Lt. Governor Holcomb joined executives from Safe Hiring Solutions and its sister company Safe Recruiter Solutions today as they announced plans to expand their high-tech operations focused on enhancing hiring, recruiting and workforce development. As part of their growth, the companies will create up to 284 new, high-wage jobs in Indiana by 2020.
Triton Brewing Company, a traditional community-based production brewery, announced plans today to grow its brewing and distribution operations in Indiana. The company, which recently celebrated its five-year anniversary, has increased its production nearly tenfold since 2011, and its beer is now available in more than 1,500 local and national retailers statewide.
Realync, the first cloud-based platform to enable live virtual property tours and open houses for the real estate industry, today announces the completion of a $1.1 million round of seed funding led by Meridian Street Capital, with participation from VisionTech Partners, M25 Group and Charmides Capital. Additionally, the Indiana Economic Development Corporation is offering Realync $650,000 in conditional EDGE tax credits based on the company's plans to add up to 48 new jobs by 2020.
GlassBoard, a physical product development company that helps clients develop concepts into ready-to-manufacture products, announced plans today to expand its operations here, creating up to 36 new high-wage jobs by 2020.
MOBI, a global provider of Managed Mobility Services (MMS), announced plans today to expand its operations, creating up to 521 new jobs by 2020.
DK Pierce & Associates (DK Pierce), a women-owned biopharmaceuticals and medical technologies consulting firm, to break ground on the company’s new headquarters in Zionsville today at 4 p.m. In December 2015, the company announced plans to expand by investing $3.9 million to establish a new 18,000-square-foot headquarters facility at Zionsville’s Creekside Corporate Park.
PactSafe, a legal-tech startup, plans to invest $575,000 to lease and equip new offices in Indianapolis after outgrowing its current location.
Two local technology firms, including FairWinds Advisors' client Site Strategics, are making plans to expand their operations in Indianapolis, adding a total of up to 77 employees over the next four to five years
Startup tech firm Sigster plans to invest $1.4 million to double its footprint in the Circle Tower Building in downtown Indianapolis and add 111 new jobs by 2020.
ArchonSafe, an innovative software solution for Cross Connection Control (CCC) and FOG Management, announced today it will add 20 new jobs over the next 5 years to fulfill demand for its services.
Archon Tech Strategies, an Indianapolis-based technology solution that assists its customers with communication, acceleration, and productivity, announced today it will add 31 new employees to its rapidly growing company.
With so much positive activity at FairWinds Advisors others are taking notice! SuperbCrew.com, a leading business and technology web company that connects and reports on innovative companies requested an interview with Jenny Massey, Co-Founder and President at FairWinds Advisors. The intention was to give some good insight as to how and why the company was founded as well as what makes FairWinds different.
Two companies developing new technologies announced plans today to expand their operations in Hamilton County, creating 150 new high-wage jobs over the next few years.
B Corp Certification places FairWinds among an elite group of companies committed to being a force for good and creating value for society beyond profit alone.
Officials cut the ribbon on a new $150,000-square-foot facility in New Castle Tuesday, bringing new jobs to Henry County. The new Boar's Head plant is expected to bring 200 jobs to the state.
ExactHire, a rapid-growing HR technology company based in Indianapolis, Indiana, announced today it will hire 12 new employees to fill its growing demand.
Human Capital Concepts, an Indianapolis-based HR services organization, announced today it will add 23 new employees to its fast growing company.
Innolance, a Sterling, Virginia-based company, announced today it will open a Fishers, Indiana, office within the next 3 months to accommodate its growth; plans to create up to 31 new jobs.
STANLEY Security Systems says it will invest nearly $16 million to move its headquarters and bring more than 300 jobs to the Fishers Point Business Park.
DK Pierce, a women-owned biopharmaceuticals and medical technologies consulting firm, will invest $3.9 million to expand its 15-year-old operations in Zionsville.
Vertical Edge Consulting Group, a management and high technology consulting firm, will invest $652,810 to expand its Indianapolis operations and further grow its base of business throughout the Midwest. Founded in 2010, the company also boasts operations in Denver and Tampa and employs 22 associates.
Fineline Printing Group, a print communications and fulfillment provider, announced plans today to expand its operations here, creating up to 25 new jobs by 2019.
Kinney Group Inc., a data center solutions provider, announced plans today to expand its operations here, creating up to 89 new high-wage jobs by 2019. The company, which designs, builds and integrates IT infrastructure solutions for government agencies and commercial organizations, will invest $5.8 million to renovate 10,000 square feet at its 2425 W. Michigan St. location.
ACE Technologies, LLC, an engineering firm and systems integrator headquartered in Indianapolis, will invest $488,220 to upgrade its existing facility at 7301 E. 90th St., purchasing new technology and software equipment, hardware and computer boards.
A Fishers-based tech startup said it is planning a $775,000 expansion that will create 56 jobs by the end of 2019.
Four Day Ray Brewing plans to open at 11671 Lantern Road in downtown Fishers. The first floow will be a brewery and tap room and the second floor will be office space
The Indiana Economic Development Corporation offered CloudOne up to $1.7 million in conditional tax credits based on its job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
Indianapolis, IN: DemandJump LLC, a Marketing Intelligence Platform, announced plans today to expand its operations. By investing $1.2 million, DemandJump is poised to create more than 80 new jobs in Hamilton County by 2018. Established in Carmel in 2015, DemandJump is a privately held company, founded by tech executive veterans Christopher Day and Shawn Schwegman, serving Fortune 1000 and SMB clients.
Carmel, IN: Lieutenant Governor Sue Ellspermann joined local inventor and tech entrepreneur Scott Jones today to announce the expansion here of his most recent ventures, Eleven Fifty Academy and Eleven Fifty Consulting, creating a combined 92 new jobs in the coming years.
Indianapolis, IN: Integrated IT service company Aura IT Consulting will invest $503,000 to expand its footprint at the company’s 3,200-square-foot office at 3535 E. 96th Street in Indianapolis. With expansion planned for the company’s operations within the next six months, the company anticipates doubling in size in the next five years to meet increased application development and infrastructure needs. Serving the central Indiana market, Aura IT Consulting also recently began working with small to medium sized businesses throughout the Midwest. The company, which currently employs more than 20 Hoosiers, plans to create up to 22 new jobs by 2019. Aura IT Consulting plans to begin hiring software developers, business analysts, project managers and network engineers later this year. Interested applicants may apply by submitting a resume to firstname.lastname@example.org. The Indiana Economic Development Corporation offered Aura IT Consulting, Inc. up to $235,000 in conditional tax credits and up to $40,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is ineligible to claim incentives. The city of Indianapolis supports projects for Aura IT Consulting, Inc. at the request of Develop Indy, a business unit of the Indy Chamber.
Indianapolis, IN: Global data solutions provider Return Path will invest $347,000 to lease and equip 4,500 square feet of office space at Market Tower in downtown Indianapolis. The company uses data to help its clients promote and protect their brands through its email optimization, email fraud protection and consumer insight solutions. Return Path has moved into its new office, which expands the New York-headquartered company’s geographic diversity by adding Indianapolis to its growing network of offices in 11 cities across the country and around the world. The company is committed to creating skill-building opportunities in its communities, with a 12-week sales and service boot camp planned this June in Indianapolis for recent college graduates, with successful participants offered full-time positions. As part of its growth, Return Path anticipates expanding its global headcount by at least 20 percent each year, which includes creating up to 27 new Indiana jobs by 2019. Employing 470 employees worldwide, the company has already begun hiring for sales, marketing and service positions. Interested applicants may apply at www.returnpath.com/careers. The Indiana Economic Development Corporation offered Return Path, Inc. up to $260,000 in conditional tax credits and up to $150,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is ineligible to claim incentives. The city of Indianapolis supports projects for Return Path, Inc. at the request of Develop Indy, a business unit of the Indy Chamber.
Greenfield, IN: Stanley Black & Decker, Inc. (NYSE: SWK) announced plans today to expand its operations here, creating up to 136 new jobs by 2018. The New Britain, Connecticut-based company will invest $7.69 million to renovate and equip its 220,000 square-foot facility in Greenfield. With its growth, the company plans to begin producing DEWALT corded power tools in Indiana, including reciprocating saws, screw guns, hammer drills, one-half inch drills and small angle grinders. When fully operational, Stanley Black & Decker plans to produce 1.2 million power tools annually at its Greenfield facility. The Indiana Economic Development Corporation offered Stanley Black & Decker, Inc. up to $625,000 in conditional tax credits and up to $200,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Greenfield will consider additional incentives at the request of the Hancock County Economic Development Council.
West Lafayette, IN: Spensa Technologies Inc., a precision agriculture company specializing in pest management technologies, announced plans to expand its operations creating up to 43 new jobs by 2019. Spensa Technologies will invest $681,813 to expand its existing operations based in the Purdue Research Park of West Lafayette, with funds being used to purchase IT equipment as well as additional office space to accommodate the growing team. The company currently employs 12 full-time associates in Indiana and will be hiring software developers, data analysts and hardware engineers. Interested applicants may search open positions online at www.purdueresearchpark.com/career or send questions to email@example.com. The Indiana Economic Development Corporation offered Spensa Technologies up to $635,000 in conditional tax credits and up to $40,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Tippecanoe County will consider additional incentives at the request of the Greater Lafayette Commerce.
Indianapolis, IN: HealthPro, a personalized healthcare referral service that allows patients to select their ideal provider or specialist based on convenience, cost and quality, has established its headquarters in Indianapolis. With a capital investment of $8.64 million dollars, the company will create more than 180 high wage Hoosier jobs by 2019. The Indiana Economic Development Corporation (IEDC) offered HealthPro, LLC up to $1,750,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is ineligible to claim incentives.
Troy, MI: Emhart Teknologies is a subsidiary of Stanley Black & Decker, specializing in power and hand tools and products and services for various industrial applications. The company plans to construct a 30,000 square foot expansion of its manufacturing operations in Chesterfield Township as well as an expansion of its office operation in Troy, MI. Expected to generate more than $32.8 million and create 83 jobs, the Michigan Strategic Fund, in cooperation with the Michigan Business Development Program has approved a $350,000 performance-based grant to aid the company’s expected expansion. Additionally, Chesterfield Township will support the program through a property tax abatement.
Merrillville, IN: IT hardware and software solutions firm CSO IT Procurement is investing $235,000 to lease and equip a 1,200 square-foot facility at the Purdue Technology Center in Merrillville. A spin-off of Mokena, Illinois-based Competitive Support Options, CSO IT Procurement partners with computer manufacturers to supply the healthcare, financial services, manufacturing and education sectors with technology solutions at competitive prices. Specializing in serving K-12 schools, CSO IT Procurement has already begun hiring for sales, technical and administrative positions, with plans to create up to 25 new jobs by 2019. Interested applicants may apply by sending a resume to firstname.lastname@example.org. The Indiana Economic Development Corporation offered CSO IT Procurement, Inc. up to $226,000 in conditional tax credits and up to $24,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The town of Merrillville supports CSO IT Procurement’s project.
Indianapolis, IN: New Big Data firm Perscio, LLC, has plans to expand operations in Indianapolis with 48 new jobs with an average wage of $43 per hour by the end of 2019. Perscio is a business consultancy that is focused on working with organizations to create opportunities using data. With unique ranges of expertise, Perscio is able to bridge the gap between the technical world of data science and the practical aspects of business strategy. The team consists of senior-level business practitioners, as well as data scientists and engineers who offer clients guidance to navigate Big Data. Perscio is agile, understanding the complexity of the regulatory landscape and responding to dynamic factors while helping organizations pivot quickly and implement robust solutions. Perscio is not biased toward any service or product, but evaluates a wide array of solutions in the Perscio Lab to be able to offer recommendations tailored to specific industries. Learn more at perscio.com. In support of Perscio’s initiatives, the IEDC offered Perscio up to $775,000 in conditional tax credits and up to $60,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives. FairWinds Advisors was retained for site selection, incentives negotiation and compliance services.
New Castle/Henry County, Indiana: FairWinds is honored and pleased to facilitate communication and cooperation between Henry County, the state of Indiana, and Boar's Head Brands now and well into the future. Notice the empty shell building in Henry County? We'd love to help fill it!
Indianapolis, IN – Conner Insurance, Inc., a provider of custom employee benefits and commercial insurance, announced plans today to expand its operations here, creating up to 23 new jobs by 2019. The company will invest $1.07 million to lease and equip its 10,000 square-foot offices at 8445 Keystone Crossing in Indianapolis. Designed to attract and develop top talent within the industry, the company’s growth will allow it to expand its corporate clientele across the Midwest. Conner Insurance, which currently employs 26 full-time Indiana associates, has already begun hiring for management, accounting and client services advising positions. The Indiana Economic Development Corporation offered Conner Insurance, Inc. up to $425,000 in conditional tax credits and up to $175,000 in training grants based on the company's job creation plans. FairWinds Advisors' services were retained by Conner Insurance in order to compare site location and expansion costs as well as negotiate incentives and assist with compliance.
Indianapolis, IN: Governor Mike Pence and executives from 16 companies announced today new investments across Indiana expected to create a combined 2,153 new jobs over the next few years. One of those companies is FairWinds' client SmartIT. SmartIT, an information technology firm delivering staffing and technology solutions for some of the largest companies in the country, plans to invest $4.5 million to expand into a new 40,000 square-foot headquarters facility in Zionsville, creating up to 85 new jobs by 2018. With plans to be operating in the new offices by its 10th anniversary in June, the company currently employs 160 Hoosiers. FairWinds Advisors was retained for site selection, incentive negotiation and compliance services.
Indianapolis, IN: FairWinds wishes Lesson.ly the best of luck in their endeavors! Lesson.ly's startup funding round was led by Indianapolis-based Allos Ventures, a capital firm that specializes in funding and working with early-stage companies. Lesson.ly set out to raise an even $1 million, but ultimately took the extra $100,000 offered by investors. Lesson.ly plans to ramp up sales and marketing efforts with the influx of cash. FairWinds Advisors was pleased to have been retained to assist with site selection, incentive negotiation and compliance earlier in 2014.
Edinburgh, IN: CL Tech, Inc., a precision, high-volume CNC machine shop, announced plans today to expand its operations here, creating up to 30 new jobs by 2018. The homegrown-Hoosier company will invest $4.8 million to construct and equip a 6,500 square-foot addition to its Edinburgh facility, installing CNC lathes, mills, robotics, cold roll spline and thread rolling processes. Bringing its total operations to 13,000 square-feet by December 2015, the company expects a 35 percent growth in sales with its expansion. FairWinds Advisors was retained in order to assist with site selection, incentives negotiation and compliance.
New Castle, IN: Boar’s Head Brand®, one of the nation’s largest providers of premium delicatessen meats and cheeses, announced plans today to locate a new premium delicatessen product manufacturing and research facility here, creating more than 200 new jobs over the next few years. The Sarasota, Florida-headquartered Boar's Head Brand will construct and equip a new facility on 66-acres of land on the south side of County Road 400 S in New Castle. The facility is expected to be operational by early spring of 2016 and will allow the company to produce turkey, ham and chicken delicatessen products. FairWinds Advisors conducted the site search that eventually lead to New Castle, Indiana. As well, FairWinds negotiated the $2.2 million state incentive package as well as significant local incentives and plans to keep the company compliant in the many years to come.
Indianapolis, IN: Founded in 2012, Lesson.ly’s software helps businesses create more efficient processes around new employee onboarding, customer support training and sales enablement training. Lesson.ly announced plans today to add up to 74 new jobs in the city by 2018. In support of Lesson.ly’s initiatives, the Indiana Economic Development Corporation offered the company up to $750,000 performance-based tax credits over a 10-year period based on job creation plans. Lesson.ly partnered with FairWinds Advisors on the IEDC project.
Indianapolis, IN: Many states have recognized and are tracking the beneficial impact of angel investors and venture capitalists and are adopting and improving legislation to promote such investments. Increased investment into new ventures drives business innovation with the associated investment tax credits becoming a vital way to facilitate the availability of capital. VC tax credits are a valuable tool to encourage entrepreneurial growth and small business development. Allowing the transfer or sale of VC tax credits within a contractually controlled environment and with oversight from the Indiana Economic Development Corporation (IEDC) will improve the usefulness of Indiana’s Venture Capital Tax Credit program.
Indianapolis, IN: Governor Mike Pence, the Office of Management and Budget (OMB) and the Department of Revenue (DOR) announce the programs, speakers and panelists for Governor Mike Pence’s Indiana Tax Competitiveness and Simplification Conference set for June 24 at the Indiana Government Center South Conference Center. The conference will bring together nearly 200 local and national tax experts and policy makers to focus on ways to create a more competitive business and individual tax climate in Indiana. This full day of exploration and discussion will look for new and fresh ideas and known best practices in state taxation. The conference will result in recommendations to both the administration and the General assembly on ways to make Indiana more competitive through tax simplification. FairWinds Advisors’ President & COO, Jenny Massey, will serve as a panelist on the Tax Competitiveness Panel.
Indianapolis, IN: OurHealth, an integrated on-site health management company, plans to expand its Indianapolis headquarters and add jobs across Indiana, creating up to 450 new high-wage jobs by 2018. Founded in 2009, OurHealth works with employers to improve employee health and productivity and lower costs by removing barriers to care, supporting consumerism and focusing on wellness. OurHealth’s model includes a primary care clinic as the hub of a Total Health Management Solution, offering preventive care, wellness and lifestyle management services and patient referral guidance support. The company also plans to lease a network of 3,500 square-foot MyClinics across Indiana. A first of their kind, these near-site clinics will provide personalized healthcare services for employers of all sizes. The first MyClinic locations will open in July. In support of OurHealth’s initiatives, the Indiana Economic Development Corporation offered the company up to $4,750,000 in conditional tax credits and up to $200,000 in training grants based on job creation plans. OurHealth partnered with FairWinds Advisors on the IEDC project.
Indianapolis, IN: Alerding CPA Group is not your average accounting firm. They make your business their business and when you succeed – they succeed. FairWinds Advisors is pleased to be speaking about incentives and tax credits to such a leading firm.
Zionsville/Boone County, IN: hc1.com announced that it will expand its Boone County headquarters, creating up to 175 jobs by 2019.The company said it will invest $2.5 million to lease and renovate an additional 9,466 square feet to expand its existing 16,626-square-foot headquarters in Northwest Technology Park at 96th Street and Zionsville Road. The company, which moved into the building in February, expects the new space to be ready by the end of the year. The company has been on an expansion tear. In November, hc1.com said it would invest $1.4 million to grow in Indianapolis, creating 62 jobs. And, in 2010, the firm launched an expansion in Boone County, investing $321,250. The firm already has 93 employees, with most in Indiana, and is hiring additional software engineers, sales staff and other personnel. A new partnership with Beckman Coulter Diagnostics is fanning the flames. The companies announced last month that the California-based equipment maker’s 400-person strong sales force will market hc1.com’s trademarked Health Care Relationship Cloud to its laboratory clients. The Indiana Economic Development Corp. offered hc1.com Inc. up to $3 million in tax credits and up to $100,000 in training grants based on the company’s job-creation plans. The credits are performance-based, meaning the company only receives them once Hoosiers are hired. Boone County in cooperation with the City of Zionsville is contributing $50,000. FairWinds Advisors was retained to help with site selection and comparison, incentive negotiation and compliance.
Indianapolis: Hotel Tango Whiskey, the first disabled veteran-owned distillery in the country, has signed a lease at 702 Virginia Avenue in the popular Fountain Square district. Producing whiskey, gin, moonshine and vodka on the 3,500 square foot premises, the company will also have a tasting room and retail area for the general public. The company will be making significant capital investment over five years, while creating 21 new jobs aimed toward hiring veterans. The state supported the project with $160,000 of conditional job creation tax credits, which was negotiated on behalf of the company by FairWinds Advisors.
Fortville, IN: Fortville-based PlaqueMaker.com has announced plans to add 30 workers during the next three years as part of an expansion. The company is looking to pump $3 million into adding office space and later production space at its Hancock County operation. A homegrown business with a global reach plans to invest as much as $3 million to grow its Fortville operations, building and equipping a 42,000-square-foot facility and nearly doubling its staff by the end of 2018. Established in 1999 in founder Kyle Sherman’s garage, PlaqueMaker.com sells laser-engraved products online, employing 33 workers who handle graphic design, production and customer service. At any time, PlaqueMaker has about 1,000 orders in the works, Sherman said. Sales topped $5 million last year, he said, and annual growth has averaged about 25 percent. PlaqueMaker moved into leased space in Castleton in 2002, and then relocated to Fortville Business Park in 2006 after expanding its product mix to include personalized gifts and memorial plaques. Adding industrial signage fueled more growth. Now it’s running out of room in that 18,000-square-foot building, and Sherman expects business to boom with the spring launch of a redesigned website and additional products. By this time next year, he hopes to have about 5,000 products available, up from 500 now. Construction is set to begin on the first 6,000 square feet of new space, which will accommodate the company’s growing office staff. Plans call for adding production and warehouse space as it’s needed. Fortville and Hancock County offered a 10-year property tax abatement for the project, potentially saving PlaqueMaker almost $270,000. The state chipped in a $50,000 training grant. FairWinds Advisors was retained to help with site selection, incentives negotiation and compliance.
Connersville, IN: Congratulations to our client, Wayzata Home Products for the new jobs created and progress they’ve made on the building after announcing a new project in Connersville in October 2013.
Speedway, IN: (article courtesy of Colin Renk, Executive Director, America China Society of Indiana)
Global Caravan Technologies (GCT), a luxury RV and specialty vehicle innovator, unveiled yesterday its CR-1 Carbon prototype at the Dallara IndyCar Factory in Speedway, across the street from the company’s R&D headquarters.
The CR-1 Carbon becomes the world’s first all-carbon fiber, super-luxury RV for series production, utilizing technologies from multiple industries including motorsports, automotive, IT and aerospace. The prototype offers substantial benefits to consumers including smart control functions, high fuel economy, high strength structures and innovative designs.
“Consumer-driven innovation is at the heart of GCT’s mission,” said Harrison Ding, chairman and president of Global Caravan Technologies. “We built a transformative product through collaborations with world-class partners.
The company, which boasts partners such as Dallara and Purdue University, employs a veteran team of former IndyCar champions and aerospace technicians to design and build its state-of-the-art products.
“GCT brings transformation to an industry we Hoosiers are already very proud of,” said Lt. Governor Sue Ellspermann. “We’re very pleased to support this innovative company as it continues to grow.”
Backed by significant investment from China, GCT plans to market its products internationally with a strong focus on China. As part of the country’s five-year plan, both central and local Chinese governments are aggressively investing in RV tourism infrastructure.
“With the continual growth of China’s middle-class, Indiana exporters are seeing strong opportunities for international trade,” said Colin Renk, executive director of the America China Society of Indiana. “Thanks to the welcoming efforts of our state’s industries and communities, we’re cultivating a China-friendly Indiana for business.”
About Global Caravan Technologies
Global Caravan Technologies, Inc. (GCT) is a luxury RV and specialty vehicle innovator, committed to exceeding expectations of consumers n luxury markets worldwide, by focusing on design, innovation and sustainability. GCT has established a research and development facility next to the Dallara IndyCar Factory in Speedway, Ind. to affirm its commitment to continuous innovation. For more information, visit www.gctrv.com.
About the America China Society of Indiana
The America China Society of Indiana (ACSI) is a member-based, 501(c)(6) non-profit organization dedicated to promote and facilitate business opportunities between Indiana and China. ACSI has a comprehensive network of more than 75 corporations and individuals to promote a soft-landing zone for Chinese investment. For more information, please visitwww.americachinasociety.org
Martinsville, IN: An enthusiastic group of community and business leaders gathered at the Morgan County EDC annual meeting to hear how #MorganCountyIN can be competitive in a post-recession economy. Speaker Jay Walters, CEO of FairWinds Advisors, spoke to the issue of business attraction and the importance of timely responses and detailed knowledge of a community’s assets.
Indianapolis: 2014 Global Indiana: Crossing Borders: Key Global Trends; How do they impact your choices? Chase Bank and J.P. Morgan partnered with the Indianapolis Business Journal to create this very informative ninety minute seminar which included an interactive panel discussion with local experienced leaders. Keynote Speaker was Morgan McGrath, Head of J.P. Morgan International Commercial Banking. Thank you to Chase Bank for inviting FairWinds Advisors to attend this very informative event.
Fishers, IN: Local site-selection consultant Jay Walters has been encouraged by the strides Fishers has made in recent years—and voters’ 2012 decision to become a city with an elected mayor. Cost is a key consideration when businesses are choosing a location, he said, and communities have to be responsive if they want to remain competitive. “There are plenty of other communities that are being aggressive, doing creative things,” said Walters, a principal in Fishers-based FairWinds Advisors, which works with businesses nationwide.Although Fishers is an attractive place to do business, he said, “if it’s cheaper for a company to go a county over, that’s something they’ll look at. … Some of the development we’re seeing in downtown Fishers would not have happened without an aggressive strategy.”
Indianapolis: The American Heart Association’s Go Red For Women is the world’s largest network standing together to end heart disease. For more than a decade, we’ve led the fight to protect women’s hearts through research and education. Millions of women are uniting by wearing a red dress, our public symbol of the fight. Thanks to the Bohlsen Group for inviting FairWinds Advisors to attend this year’s 2014 luncheon event.
Fishers, IN: When FairWinds Advisors opened its doors last year, owners Jay Walters and Jenny Massey started with the conviction that their firm would fill a special niche as a boutique economic development consulting firm providing expert services to growing or relocating companies nationwide. Specifically, FairWinds has been very successful in site selection, incentive negotiation and compliance matters. Walters and Massey have more than 40 years of experience working for other companies before striking out on their own last year. Jan. 11 marks a strong year for their company, which completed 27 successful national development projects and has many more underway. In late December, Governor Mike Pence made a major jobs announcement commending several economic development projects, including two FairWinds clients: Perceivant and Gruuv Technologies. Projects like these, including a $12.5 million relocation and expansion project for Wayzata Home Products in Connersville, Ind., yield significant benefits for the client companies as well as the communities that welcome them. “We take a personalized approach, focusing on a long-term relationship. We view each project as an opportunity to make a positive difference to both our client and the community they select,” CEO Jay Walters said. Public announcements do not mark the end of FairWinds’ involvement with the projects; FairWinds continues to assist with compliance and advice for the life of the project- in some cases, 10-20 years after the announcement. “It is always a pleasure to work with FairWinds Advisors on development projects that ultimately enrich our communities and neighborhoods,” said Eric Doden, president of the Indianapolis Economic Development Corporation. “We’d like to congratulate FairWinds on their first anniversary and look forward to working with them in 2014 and beyond.” About FairWinds Advisors FairWinds Advisors, LLC, is an independent site selection and economic incentive firm. With over 40 years of combined nationwide experience, the principals of FairWinds help clients define their projects and correlate those plans with available local, state and federal incentives thereby reducing overall project and operating costs. FairWinds is and unbiased source of information and guidance.
Media Contact:Lauren Cascio, Bohlsen Group email@example.com / 317-602-7137 x2060
Indianapolis: New jobs announcement by Governor Pence at the Statehouse on Wednesday morning delineated 7 company expansions. FairWinds Advisors was retained by two companies, Gruuv Technologies and Perceivant, to assist with site selection and incentive negotiation.
Indianapolis: Perceivant’s Michael Hurley was interviewed at the Speak Easy (a place for Indianapolis-based entrepreneurs, startups, and the folks who support them to work, play, and collaborate) by Fox59 with many questions about Indiana and what small business needs to grow.
Fortville, IN: PlaqueMaker.com announced plans on 11/18/2013 to build a new HQ facility in Spring 2014 and hire new employees. The town of Fortville and state of Indiana assisted the company with performance-based incentives. Details to follow at the planned ribbon-cutting ceremony next year.
Boone County, IN: hc1.com, Inc., a healthcare cloud platform provider, announced plans to expand its headquarters, creating up to 62 new jobs by 2017. The homegrown-Hoosier company will invest $1.4 million to lease and equip a 16,626 square-foot headquarters facility at the Northwest Technology Park in Boone County. The expansion, which will be fully operational this January, will enable the company to scale its healthcare relationship management solution, which currently serves more than 500 healthcare locations around the world. This is hc1.com’s second major expansion in central Indiana in the last three years. In 2010, the company announced plans to invest $321,250 to expand its Boone County operations, adding 61 new jobs. hc1.com, which currently employs 80 associates, including 70 full-time Indiana employees, has already begun hiring development professionals, operations managers, client relationship managers and sales and marketing specialists. Interested applicants may apply at www.hc1.com/careers. Founded in 2001 as Bostech Corporation and spinning off into hc1.com in 2011, the company is experiencing triple digit annual percentage growth with its secure, cloud-based platform. Under Bostic’s leadership, the company has grown into a global healthcare cloud platform, recognized as a 2013 Red Herring Top 100 North America award winner, a 2013 Indiana Companies to Watch Spotlight winner and a TechPoint Mira Awards recipient for healthcare technology innovation. The Indiana Economic Development Corporation offered hc1.com, Inc. up to $1,000,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. These credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Boone County approved additional incentives at the request of the Boone County Economic Development Corporation. Also, Elevate Ventures has supported the company through talent recruitment and business development strategy guidance. hc1.com has been a 21 Fund portfolio company since late 2010. FairWinds Advisors were retained in order to help with site selection and incentives negotiation services.
Fortville, IN: This month marks the one-year anniversary of the expansion of our facility that added nearly 27,000 square feet and included two additional Class 7 medical clean rooms. All that additional space has helped Genesis Plastics Welding accomplish some pretty awesome things in 2013. We have made numerous references to this expansion allowing us to serve new customers, but the expanded space has also allowed us to better serve existing clients. The result of that “better service” has been customer retention – including two new contracts with significant medical device manufacturers who are existing customers. Both of those contracts reflect three-year commitments.Any entrepreneur or CEO knows that existing, happy clients are the corner stone of a successful business. They are the foundation on which the business grows and prospers. Aside from that, these significant client commitments are a strong indicator that Genesis Plastics Welding is living up to its mission statement: “We are committed to serving as authentic champions of success … our purpose is to help our customers achieve and exceed their business goals by providing collaborative guidance, expert technical services and high-quality products.” Reflecting back over the last year – and the last 26 years – we have a lot of folks who have contributed to making Genesis Plastics Welding what it is today, starting with my father-in-law Robert Smith who launched the technology of this company. Our customers, many of whom have been with us for years and have grown with us, have certainly contributed to the successes we have seen. Certainly, those who were part the expansion project itself were instrumental in our successes of late including Dixon Construction, Chase bank and Jenny Massey, President and COO of FairWinds Advisors who greatly assisted us in the successful efforts to attain performance based tax credits from the Indiana Economic Development Corporation (IEDC). Collaboratively, we have grown and will continue to grow. We will always strive to be the kind of company that not only seeks new opportunities, but has the sense and forethought to not forget about current customers. There’s a lot to be said for that old idiom, “Dance with the one who brung ya.’” And we are very happy to be continuing this dance with some of our oldest and best customers.
Connersville, IN: Wayzata Home Products, LLC announced the company’s plans to locate manufacturing and distribution operations in the former Ford-Visteon industrial site here, creating up to 309 new jobs by 2018. Wayzata Home Products, parent company of the online kitchen cabinet resource CliqStudios.com, plans to invest $12.1 million to purchase and refurbish the 1.8 million square-foot plant on a 183-acre campus at 4747 Western Avenue in Connersville. The facility, which is expected to be operational early next year, will house cabinet fabrication, finishing, assembly and distribution operations. Founded in 2006, Wayzata Home Products produces high quality semi-custom kitchen cabinets for CliqStudios.com. CliqStudios.com is an online retailer for semi-custom kitchen cabinetry, offering free kitchen design and service at prices significantly lower than traditional retail outlets. The Indiana Economic Development Corporation offered Wayzata Cabinetry, LLC up to $2,000,000 in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The Indiana Brownfields Program, an environmental program of the Indiana Finance Authority, provided Wayzata Connersville RE, LLC, the purchasing entity, and Wayzata Home Products, LLC, the operating entity, in addition to their prospective lender, a clarification letter to address concerns about cleanup liability related to environmental contamination associated the historic manufacturing activities on the property. The city of Connersville also offered funds using revenues generated from the issuance of a tax increment financing (TIF) bond. FairWinds Advisors was retained for site selection and incentive negotiation services.
Columbus, IN: The Columbus City Council approved a 10-year tax abatement for Hoosier Tool & Die Co. that will retain 88 jobs and could add 47 more by 2017. The company plans to make and assemble the components for a ground-breaking tactical shotgun. The weapon operates with a patented gas system that allows the shotgun to efficiently cycle low-load ammunition. The U.S. Marshall Service has placed an initial order to begin field testing. The company plans to sell about 1,000 Fostech tactical shotguns in 2014. The company currently sells after-market parts for a variety of firearms. The State of Indiana supported the company with job creation tax credits and training dollars. FairWinds Advisors was retained for site selection and incentive negotiation on behalf of Hoosier Tool & Die and Fostech.
Indianapolis: Perceivant, an Indiana software developer, has secured a $2.1 million investment from a private equity firm. The funding from Bootstrap Incubation LLC will help with product development and new job creation.
Dubois County, IN: Lieutenant Governor Sue Ellspermann joined Peter Ariens, President of Stens Corporation with other executives at 10 a.m. this morning for a ribbon cutting ceremony at its expanded headquarters in Jasper, Indiana. FairWinds Advisors was pleased to be able to support the company in December 2011 with their plans for expansion and negotiation for economic development incentives. The company, a global supplier of replacement parts for the outdoor power equipment industry, announced plans to invest $2.28 million to purchase, renovate and equip a 208,400 square-foot facility in southwest Indiana, adding up to 98 new jobs by 2015. Stens, which currently employs approximately 200 associates in Jasper and 275 across the country, completed its move into the new facility in July. Since Stens was founded in 1970, it has grown from an operation run out of a one-room Indiana garage to a global company with distribution centers in seven states and four countries.
Inc. Magazine Unveils Its Annual Exclusive List of America’s Fastest-Growing Private Companies—the Inc.500|5000 Language Training Center Ranks No. 2581 on the 2013 Inc. 500|5000 with Three-Year Sales Growth of 137%. FairWinds Advisors is proud to have supported our client, Language Training Center, with site selection and incentives negotiation for their projects and growth. This is Inc.’s seventh annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Fuhu tops this year’s list. Language Training Center joins Living Social, Edible Arrangements, CDW and Lifelock, among other prominent brands featured on this year’s list. Language Training Center also ranks NO. 36 of the top 100 education companies. “We are proud to see that our services are well received by our clients and we will continue to strive to ensure quality year over year. It is a huge honor to be included on the Inc 5000 list for the second year in a row,” says LTC CEO, Martin George. In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000. “Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” says Inc. Editor Eric Schurenberg. About LTC Headquartered in Indianapolis, Indiana, Language Training Center, Inc. is a full service language company providing state-of-the-art language solutions for local and national companies, organizations, government agencies, and individuals since 1993. LTC provides language training, cross cultural training, interpretation, translation, repatriation, language assessments, and interpreter training. LTC has gained a reputation for high-quality, customized services provided through long-term relationship, having some of the same clients for 20 years. Find out more by visiting their website atwww.languagetrainingcenter.com.
Indianapolis: Language Training Center (LTC), a full service language training provider, announced plans today to expand its operations in Indianapolis, creating up to 26 new jobs by 2017. The Indianapolis-headquartered company, which also has an office in Shanghai, China, will invest $1.5 million to renovate and expand its existing facility by 3,500 square feet. Providing language training, translation, interpreting, cross cultural training and language assessment services, the expansion will allow the company to support new clients and expand its services. LTC has already begun hiring for the new positions and will continue to hire American Sign Language interpreting specialists, linguists, office managers and customer service representatives throughout the year. Interested applicants can apply at www.languagetrainingcenter.com Established in 1993, LTC serves companies’ globalization needs through its training, translation and interpreting services, which are offered in more than 120 languages. The company serves local school districts, hospitals, courts, fire departments and businesses across Indiana and around the globe, including Eli Lilly and Company, Roche Diagnostics, National Collegiate Athletic Association, IndyCar and World Wrestling Entertainment. LTC was named as a 2011 Indiana Company to Watch and has been recognized on the Inc. 5000 list for the past two years. The Indiana Economic Development Corporation offered Language Training Center up to $165,000 in conditional tax credits and up to $60,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
>HQ News: Too soon we say goodbye to our faithful intern Zach Gills; Indiana University Bloomington senior leaves us (probably happily) to return to school where life won’t be as hard. Of course I’m kidding, but we here at FairWinds Advisors appreciated the project work you performed on behalf of our company and wish him well and much success in the coming years. Great work, Zach! Jenny and Jay
Fishers, IN: FairWinds Advisors would like to congratulate Blast Media on their success and plans to add jobs in the coming years. We look forward to watching you grow!
Indianapolis: Weeks Communications d/b/a Fathom Voice, a cloud-based phone service provider, announced plans today to expand its headquarters in Indianapolis, creating up to 183 new jobs by 2017. The homegrown-Hoosier company will invest $4,114,600 to lease and expand 4,900 square feet of office space in Indianapolis. Fathom Voice moved from Anderson to its new Indianapolis location at 6311 Westfield Blvd., Suite 201 in March. Fathom Voice has already begun hiring technical support, sales and account management, marketing and development associates. Founded in 2007 in Lafayette, Ind., Fathom Voice is a cloud communications company that builds cloud-based applications for computers and phones. Named a 2013 TechPoint Mira Award finalist, the company serves customers throughout the United States as well as several other countries through its cloud-based infrastructure. This is a service that uses the internet to make phone calls instead of traditional copper wire. The Indiana Economic Development Corporation offered Weeks Communications up to $2,400,000 in conditional tax credits and up to $80,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis also supports the project.
Carmel, IN: Polleo Systems, Inc., a cloud computing and strategic technology service company, announced plans today to expand headquarters creating up to 36 new jobs by 2016.The homegrown-Hoosier company plans to invest $2.5 million to expand its cloud platform, as well as lease and equip a new Carmel facility. Founded in 2011 by Talbott Sumners, Polleo Systems provides cloud computing and strategic technology services for small and medium-sized businesses. The company, which is also opening an additional facility in Orlando, Fla., was recently named a 2013 ‘TechPoint Mira Awards’ finalist in the category of IT/Tech Service Excellence and Innovation.The Indiana Economic Development Corporation offered Polleo Systems, Inc. up to $300,000 in conditional tax credits and up to $40,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Carmel also supports this project.FairWinds Advisors was pleased to be able to assist the company through site selection and incentives negotiation services.
Indianapolis - FairWinds Advisors congratulates KA+A on their plans to grow in Indiana. We look forward to your success!
Kansas City, KS: Telamon Corporation announced today that it will open an office in Kansas City, Kan. Telamon, which specializes in solutions for telecommunications, business transactions, energy, assembly and logistics for medical material, will create 28 jobs in the state over the next five years, investing over $500,000. FairWinds Advisors is pleased to have assisted Telamon Corporation with the procurement of incentives with Kansas City and the State of Kansas. Please see below for the official press release. For Immediate Release Jan. 31, 2013 Contact: Dan Lara, Kansas Dept. of Commerce (785) 296-3760, firstname.lastname@example.org Alexa Amatulli, Telamon Corporation (317) 818-6705, email@example.com Telamon to open facility in Kansas City Solutions company will create nearly 30 jobs in Kansas The Kansas Department of Commerce announced today that Telamon Corporation will open an office in Kansas City, Kan. Telamon, which specializes in solutions for telecommunications, business transactions, energy, assembly and logistics for medical material, will create 28 jobs in the state over the next five years. “Telamon is looking forward to expanding our operations into Kansas City,” said Telamon CEO Albert Chen. “Our additional Kansas location will help us gain access to new customers where we can continue to provide simple, innovative solutions.” Telamon, an Indiana-based company, is a minority-owned business. The company will open its facility at 3138 South 24th Street, where it will create 28 information technology jobs. It is also projected to make a capital investment exceeding $500,000. “We’re trying to create a great business environment in Kansas, so it’s terrific to see Telamon opening operations here,” said Kansas Commerce Secretary Pat George. “The company is investing in the state and contributing to our economic growth with good new jobs.” About Telamon Corporation Telamon Corporation’s goal is to simplify business. Telamon specializes in solutions for telecommunications, business transactions, energy, assembly, and logistics for medical material. Based in Carmel, Ind., Telamon operates in 10 locations – eight domestic and two international. For more information, visit Telamon’s website atwww.telamon.com. ###
Indianapolis: FairWinds Advisors, llc has a new home at the Majestic Building, 47 S. Pennsylvania Street, Suite 700. The principals of FWA are pleased that with the support of Bingham Greenebaum Doll, FairWinds Advisors will continue to provide services to Bingham Economic clients; but as an independently owned company. Jay S. Walters leads the new company as the CEO and Jenny R. Massey serves as President & COO. FairWinds welcomes Kristi Kissick as Controller and Bree Meadows as the Office Manager. FairWinds Advisors, LLC is an independent economic development and site selection firm. With over 40 years of combined nationwide experience, the principals of FairWinds help clients define their projects and correlate those plans with available local, state, and federal incentives thereby reducing overall project and operating costs. FairWinds is an unbiased source of information and guidance.
>Fairfield, Ohio: The Western States Machine Company, which manufactures equipment for sugar refining, will build a 76,000-square-foot facility on Commerce Center Drive in Fairfield. The company is leaving an older facility in Hamilton that it has outgrown. Western States, which dates back to 1917, will relocate 67 jobs to Fairfield and add at least 24 new jobs within the next three years. Doug Buckner, the president of Western States, said the machines are “sold overseas, so it’s not just good for the community, it’s good for the country.” The agreement with the city would provide an eight-year, 75 percent property tax incentive on the new facility. In addition, Western States has agreed to compensate the Fairfield City School District $23,000 per year and Butler Tech $700 per year for the eight-year term of the agreement. Construction on the new facility is slated to be finished by the end of 2013. FairWinds Advisors assisted Western States with the procurement of incentives with the City of Fairfield and State of Ohio. FairWinds Advisors was retained for site selection, incentive procurement and fulfillment services. This was a competitive project with several sites also being considered. FairWinds Advisors was able to negotiate a competitive incentive package.
Indianapolis: Guidon Design, Inc., an architecture and engineering firm, announced plans today to expand its headquarters, creating up to 27 high-wage jobs by 2016. The Indianapolis-headquartered company, which services customers in the healthcare, government, higher education and corporate industries, will invest $545,000 in facility upgrades on the city’s near northside. As part of the project, the company will also purchase additional computer software and information technology equipment. Seven (7) new jobs have already been created and added to the existing three (3). FairWinds Advisors is pleased to have assisted Guidon Design with the procurement of incentives with the City of Indianapolis and State of Indiana.
Indianapolis: The America China Society and Bingham Greenebaum Doll are pleased to offer the China Business Proficiency Series that will educate and prepare business and community leaders to better understand and connect with Chinese companies. Part 5 of the China Business Proficiency series will feature speakers Jon Anderson and Robin Xu of Kyosay Global. Jon has been in living in China for the past 10 years and Robin is a Chinese native. Kyosay global specializes in operational improvements and increased supply chain management. They will present on what to expect and how to prepare for a first time traveler to China. They will cover a wide variety of important subjects including attire, food oddities, manners, packing, and money matters. This will be an excellent presentation for anyone visiting China and offer an opportunity to get answers to questions. This six- part series will feature an optional Fall Delegation trip to China; however, its lessons will be helpful to all initiating or currently doing business in China or with Chinese companies. China is emerging as one of the major global economies. It is infamously known as a country of etiquette and ceremonies. The unique character of the Chinese is built on a strong sense of pride in their ancient history and culture. Understanding the basic Chinese cultural, ethical and business values is vital to any organization wanting to conduct business in today’s rapidly progressing China. Organizations venturing into business with China will need to consider the aspects of Chinese business culture and etiquette in order to fully succeed.
Columbus, IN: Master Power Transmission (Master PT), a manufacturer of industrial gearboxes, announced plans today to expand its operations here, creating up to 48 new jobs by 2016. The company currently employs 56 Hoosiers. The Greenville, S.C.-based company, which produces industrial gearboxes that are used in various warehousing and manufacturing operations, will invest $3.6 million to renovate and equip an additional 30,000 square feet of production area in its current 220,000 square-foot facility in Columbus. As part of a series of initiatives, Master PT has purchased new manufacturing equipment to support additional product expansion.
Peru, IN: The North Central Indiana Economic Development Partnership (NCIEDP) in cooperation with the Grissom Air Reserve Base offered an experience for 20 named Civic Leaders in Indiana. The 434th ARW Refueling Mission was a great success led by Col Buckley, Wing Commander and Lt Col Gary Lockard, Public Affairs. Jim Tidd, Executive Director of the Miami County Economic Development Authority works closely with Grissom in order to bring new investment and job opportunities to the area. The refueling mission is a great way to show off Indiana ingenuity and cooperation. Other named Civic Leaders included: Julie Ashmore, Bill Petronoff, Diane Thalmann, Laura Sheets, Susan Reed, Dan Hasler, Mindy Kenworthy, Charlie Sparks, Leo LeBrun, Donna Borgerding, Christy Householder and Michael McDermott.
Vincennes, IN: Turkey processor Farbest Foods has broken ground on a $70 million plant in southeastern Indiana. Gov. Mitch Daniels joined Farbest President Ted Seger for the groundbreaking. The governor announced in December that Farbest Foods would invest nearly $70 million in a new processing plant in Vincennes. The company already operates two facilities in Huntingburg and Dubois; they are at capacity. Farbest plans to begin hiring next year. FairWinds Advisors negotiated on behalf of Farbest $3.8 million in conditional tax credits and $200,000 in grants for job training as well as federal tax credits of $1.5 million. Personal and real property tax abatements were also offered.
Indianapolis: Bingham Greenebaum Doll and FairWinds Advisors hosted a Chinese delegation of senior economic development officials on July 26, 2012. The America China Society of Indiana hosted the reception dinner that followed a day of meetings with senior officials at the IEDC and Purdue University and others.
Indianapolis: The Indiana Leadership Forum (ILF) presented “minute mentoring”, an activity designed to help young leaders and students with one-to-one advice from successful government, private and public sector leadership. Featured comments were given by Secretary of State Connie Lawson. A book signing followed with Chairman Eric Holcomb with his newly published title, “Leading the Revolution“. The event was hosted by Barnes and Thornburg.
>The America China Society and Bingham Greenebaum Doll are pleased to offer the China Business Proficiency Series that will educate and prepare business and community leaders to better understand and connect with Chinese companies. This six- part series will feature an optional Fall Delegation trip to China; however, its lessons will be helpful to all initiating or currently doing business in China or with Chinese companies. China is emerging as one of the major global economies. It is infamously known as a country of etiquette and ceremonies. The unique character of the Chinese is built on a strong sense of pride in their ancient history and culture. Understanding the basic Chinese cultural, ethical and business values is vital to any organization wanting to conduct business in today’s rapidly progressing China. Organizations venturing into business with China will need to consider the aspects of Chinese business culture and etiquette in order to fully succeed. In Part Four of the series, the discussion focused on Ignorance, Experience and Success in Business with China. Our guest speakers were Dan Miller, Executive Director of the Institute for Global Enterprise in Indiana and Ting Gootee, Vice President of Investments at Elevate Ventures as well as China Advisor to the State of Indiana. China’s evolution to a market economy has been breathtaking. Although tremendous opportunity exists, US companies must be open to continuous learning and adaptability in order to manage the complex environment and the rapid pace of change. US companies must appreciate the challenges on their way to China and navigate the obstacles encountered. Success with China can be especially difficult; there can be exceptional language and culture differences as well as a constantly changing environment. In any competitive market, turning dreams into reality is challenging, and China’s complexities double that challenge. However, arming yourself with knowledge, learning from your personal experience as well as the experiences of others while exercising patience and perseverance, US companies can achieve success with China. Part Five of the Series will take place on August 24 with the discussion focused on Business Negotiations.
Indianapolis: Haggard & Stocking Associates, Inc., a distributor of engineered products, announced plans today to expand its operations in Indianapolis, creating up to 25 new jobs by 2016. The Indianapolis-based company, which supplies customers in the aerospace, automotive and medical industries, will invest $524,000 to expand its aerospace division at its 9,000 square-foot facility in Indianapolis. As part of the project, the company will make building renovations and information technology upgrades.
Scottsburg, IN: Lt. Governor Becky Skillman joined Brian Buchanan, principal and owner of Buchanan Group Services, and Scottsburg Mayor Graham with other company officials and local representatives at 10:15 a.m. Tuesday for a groundbreaking ceremony of the new Buchanan Group production facility to be built in Scottsburg. The Indianapolis-based company is the owner and operator of Flanner and Buchanan Funeral Centers. In January, Buchanan Group announced that it will invest $2.3 million to construct a 17,500 square-foot headstone and granite memorial production facility and create up to 24 new jobs in Scottsburg.
Bedford, IN: The City of Bedford, City of Mitchell, Bedford Area Chamber of Commerce, and Lawrence County Economic Growth Council hosted a Foreign Investment Conference on Friday, February 24, 2012. The events keynote speaker was Yang Guoqiang, Consul General of the People’s Republic of China in Chicago that serves nine states in the mid-west region of the United States. Mayor Wayne Seybold of Marion Indiana also shared the success that his city has achieved through foreign investment. In addition, there were presentations from Kent Anderson of the Indiana Economic Development Corporation, Japan American Society of Indiana, Jenny Massey of FairWinds Advisors and VP of the America China Society, Gaylor Inc., and Ingraham & Associates.
Chicago, IL: The Federal immigration and naturalization program, EB-5, encourages foreign investment in the UnitedStates through the issuance of permanent Green Cards for qualified projects that produce permanent jobs. Real Estate Investment Association (REIA) has assembled a group of specialists and experienced developers to discuss how you can get involved. The EB-5 program has raised hundreds of millions of dollars for investment in the hospitality, medical, and manufacturing industries that has produced thousands of jobs. Join us for an insightful discussion on the EB-5 program. A question and answer session will follow this informative panel discussion.
Indianapolis: Living and working in Japan for seven years opened Jenny Massey’s eyes to the possibilities of cross-cultural business relationships. Today, as director of operations at Bingham Economic Development Advisors in Indianapolis, she helps companies considering relocation or expansion. “It’s an interesting little niche to be in,” said Massey, who grew up in Peru, Ind., and always wanted to “see the world.” At Bingham, she researches the locations companies are interested in and studies costs, climate and environmental restrictions. She also negotiates with local and state governments to see what kind of business support they might offer, such as tax abatements, tax credits, help with infrastructure or training grants. After companies decide on projects, she helps them make long-range plans and figure out capital investment needs. Massey, her husband and baby daughter went to Japan after she graduated from Indiana University in 1996 with a degree in archeology, stopping first in San Francisco to earn a certificate to teach English. She taught English in a “conversation school” and learned to speak Japanese. Later, she worked for corporations such as Time’s Asia operation, Dentsu Inc. and Chubu Electric. “I really opened myself to doing things like marketing, communications and a lot of strategic development,” she said. Being bilingual opened doors, she learned. Before returning to the United States, she earned a post-graduate degree in policy analysis from Murdoch University in Perth, Australia. She enjoys putting people together for mutual benefit. She has also been working with Albert Chen, founder of Carmel-based Telamon Corp., to launch the America China Society, a not-for-profit that helps Indiana businesses build relationships with Chinese companies. The group does basic coaching: how to hold chop sticks, make small talk, how to act with the Chinese. “Chinese culture is similar to Japanese, yet oh so different,” she said. In April, she is accompanying several members on a trip to China for business meetings.
Carmel, IN: An important idea in Chinese culture, Guanxi is based on trust and is similar to doing business on a handshake in Western terms. Chen would like to take that handshake a bit further by teaching Asians and Americans about each other, their diverse cultures and how to work together to build trust, share knowledge and create opportunities on U.S. soil and abroad. “My vision is to bring more Chinese companies to Indiana, promote economic development and help companies understand how to do business with the Chinese,” said Albert Chen, founder of ACSI and owner of Telamon Inc., a nearly $500 million Carmel-based telecommunications provider with more than 500 employees at 9 locations. ACSI is an independent, not-for-profit organization that acts as an advocate and catalyst, promoting cooperation between Chinese and Indiana companies for business, trade and investment opportunities. The society was founded in 2010 and launched in January 2011 by Chen and a group of individuals committed to strengthening Chinese /American ties. “ACSI is the primary source of connectivity between Indiana and China for conducting effective business relationships,” said Jenny Massey, Vice President of ACSI and director of operations at FairWinds Advisors. “Economic development is the basis of job creation, which benefits the community.”
Upland, IN – Elected officials from Grant, Jay and Blackford counties assembled at Taylor University Wednesday night to learn about techniques to bring new businesses to the region. Marion Mayor Wayne Seybold, Hartford City Mayor Dennis J. Whitesell, Montpelier Mayor Kathy Bantz and Portland Mayor Randy Geesaman joined members of councils from cities including Marion, Fairmount, Sweetser, Hartford City, Montpelier and Van Buren to hear about site selection procedures, tax abatement law changes and tax increment financing. Marion Mayor Wayne Seybold, Hartford City Mayor Dennis J. Whitesell, Montpelier Mayor Kathy Bantz and Portland Mayor Randy Geesaman joined members of councils from cities including Marion, Fairmount, Sweetser, Hartford City, Montpelier and Van Buren to hear about site selection procedures, tax abatement law changes and tax increment financing. “It’s always an important topic,” speaker Loren Matthes said of business development. “I’m trying to help people understand the benefits of using these different tools.” Matthes, principal at consulting firm Umbaugh and Associates, explained the benefits of temporarily forgiving a portion of a new business’ property tax burden and how they vary from the help of allotting TIF funds. She also touched on the change in property tax abatement as of July 1 that dramatically widens the possibilities for communities to offer that incentive. “Any combination can be offered,” she said. “If you use your own schedule you should have criteria, but communities can offer any percentage over any number of years.” Jay Walters, president of FairWinds Advisors, preceded Matthes with a message about the process business use to select sites. His message to the officials was about seven factors businesses use that they should attempt to improving, ranging from labor cost and availability to access to highways and available real estate. “Site selection is a process of elimination. A lot of cities might not even know they’re up for selection because they’re eliminated without a visit,” he said. “We do a lot of work over the internet and phone from our desk, so being available is critical.” Walters stressed how unimportant local unemployment is – companies look to lure away the underemployed rather than those without work, he said – and the impact a successful business’ tax income can have to offset incentives such as tax abatement. “In a successful project, everybody wins,” he said. Tim Eckerle, executive director of the Grant County Economic Growth Council, said the gathering was an offshoot of quarterly meetings hosted for Grant County officials since 1990, the first of which this year is scheduled for April 13. Eckerle said previous meetings have attracted speakers including Governor Mitch Daniels and Indiana School Boards Association Executive Director Frank Bush as well as guests including then-U.S. Congressman Jim Jontz. They generally rotate throughout the community over the year, and previous locations have included the Fairmount American Legion and Swayzee Town Hall. “This really is for everyone from a town councilman to a congressman,” he said. “These topics are the heart and soul of creating jobs and retaining jobs.” Seybold said he was very pleased to see officials from the three counties interacting and learning together. “It’s a regional effort. What happens in Marion affects (these cities),” he said. “It’s great to see so many elected officials in one place.” He added that Marion is a leader in using incentives to lure businesses and intends to stay that way regardless of legislative changes. “It’s important for new elected officials to hear how important these things are from someone besides the mayor,” he said with a laugh. “We’ve always had a great council that’s been very supportive with incentives. That reputation is out about Marion, and we’re interested in keeping it.” By Derek Beigh
Scottsburg, IN: Buchanan Group Services, LLC, owners and operators of Flanner and Buchanan Funeral Centers, announced plans today to expand its operations here, creating up to 24 new jobs by 2015. The Indianapolis-based company will invest $2.3 million to construct a new 17,500 square-foot building for granite memorial production. Construction of this new facility is slated to begin this spring. Buchanan Group, which currently has 300 full-time employees in Indiana, plans to begin hiring additional production, delivery and installation associates in the first quarter of 2012. Founded more than 130 years ago, Buchanan Group and its associated companies are owned and operated by Bruce and Brian Buchanan, who represent the fourth generation of family-ownership. In 1999, Buchanan Group became the manager of the cemeteries belonging to the Archdiocese of Indianapolis. In 2008, the company’s Washington Park Cemetery built and dedicated the state’s first memorial to the Indiana National Guard. FairWinds Advisors was able to negotiate significant incentives in support of the project. The Indiana Economic Development Corporation offered Buchanan Group Services, LLC up to $100,000 in conditional tax credits and up to $32,000 in training grants based on the company’s job creation plans. The city of Scottsburg will consider additional property tax abatement.
Vincennes, IN: Huntingburg-based Farbest Foods Inc. will locate a new turkey processing plant in Knox County, creating up to 600 jobs over the next several years. The company plans to invest nearly $70 million to build the plant in Vincennes, which should open in January 2014. Farbest had considered several other locations in Indiana, Illinois and Kentucky. The company currently employs about 850 people at plants in Huntingburg and Dubois. The company has already begun hiring engineering, administrative and maintenance associates for the new Vincennes plant and plans to begin hiring manufacturing associates in 2013. FairWinds Advisors was able to negotiate and procure incentives for the Farbest Project. The Indiana Economic Development Corporation offered Farbest Foods, Inc. up to $2.8 million in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. Knox County has approved additional tax abatement at the request of the Knox County Development Corporation.
Fishers, IN: Executives of Stratosphere Quality joined Governor Mitch Daniels, Mayor Greg Ballard and Fishers Town Council Head Scott Faultless today at the Governor’s office to announce the company’s plans to expand its Fishers headquarters by 60 jobs as well as creating a total number of 225 jobs across the state. Stratosphere provides sorting and inspection services to manufacturers of parts and components in the automotive, medical device, appliance, construction and recreational vehicle industries. The company, which has more than 800 associates in North America, plans to invest $2.6 million to expand and upgrade its Fishers headquarters and has already begun hiring additional positions. FairWinds Advisors was hired for site selection, incentive procurement and fulfillment services. This was a competitive project with several Midwest sites being considered. FairWinds Advisors was able to negotiate a competitive incentive package.
Jasper, IN: Stens, LLC, a global supplier of replacement parts for the outdoor power equipment industry, will expand its headquarters in Jasper, Indiana creating up to 98 new jobs by 2015. This was a very competitive project with Louisville, KY. Stens is a division of Ariens Company and will invest $2.28 million to purchase, renovate and equip a 208,400 square-foot building at 1220 Power Dr. on the city’s south side. Renovations on the facility, which will house the company’s headquarters and distribution center, will begin next month. Operations will transfer to the new site in August when facility upgrades are expected to be complete. FairWinds Advisor was able to negotiate both state and local incentives. The Indiana Economic Development Corporation offered Stens, LLC up to $750,000 in conditional tax credits based on the company’s job creation plans. The City of Jasper has approved additional tax abatement at the request of the Dubois County Area Development Corporation.
Indianapolis: The America China Society of Indiana and Bingham McHale enjoyed great success at the China Business Proficiency Series Part 2: “Guanxi and Business Development”. CEO Matt Johnston of 3K Strategies, Sam Mishelow of Meyer Najem, and Jessica Xie of Hylant Group each presented very interesting and useful information around the topic of Guanxi as well as related Chinese business and industry. The next China Business Proficiency Seminar (3 of 6) will be held on February 24, 2012. The topic of the next seminar is China Strategy: Six Business Principles. Presenters will include Telamon CEO and ACSI Chairman, Albert Chen and Attorney Max Daqing Shi of Shi and Associates.
Indianapolis: The Indiana Economic Development Association (IEDA) held an International Influence Conference at the Omni Severin Hotel in downtown Indianapolis on December 8-9. International topics included the Art of Negotiation, an Asian/European Consulate Panel, International Support Services and and EB-5 Visa Program and an Indiana State of Affairs Update. Speakers included Dr. David Wantz, Hiroki Ishizawa, Takayasu Hara, Garth Brazelton, Albert Chen, Jenny Massey, Larry Behar, Dan Hasler, Katherine Johnson, Theresa Kulczak, Mark Tomkins, Kim Roderer and Diane Thomas.
Evansville, IN: The Economic Development Coalition of Southwest Indiana hosted the America China Society of Indiana with a sponsored event entitled “A Perspective of Economic Development: Indiana and China”. Featured guest speaker was Ms. Jenny Massey, ACSI Board Vice President and Director of Operations for FairWinds Advisors. Jenny presented to the Tri-State Manufacturer’s Alliance Group with more than 40 guests. Attendees learned of economic development incentives, why Chinese Companies enter the U.S. Market and recent Chinese investments made within the U.S. A lively discussion on the subject of encouraging regional foreign direct investment ensued.
Jasper, IN: Indiana Furniture Industries, Inc., a manufacturer and distributor of office furniture, announced plans today to expand its operations here, creating up to 10 new high-wage jobs by 2015. The company will add a 30,000 square-foot addition to one of its existing manufacturing facilities as part of the project. The new addition is slated to be operational by the end of 2012. Indiana Furniture, which currently has 287 full-time employees in Indiana, plans to begin hiring additional technical machine operators and engineers to coincide with facility construction. The Indiana Economic Development Corporation offered Indiana Furniture Industries, Inc. up to $100,000 in training grants based on the company’s job creation plans. The City of Jasper approved additional property tax abatement.
Dear Friends: It’s a time for Thanksgiving across the nation. We, at FairWinds Advisors, Kiwanis Club and the America China Society of Indiana (ACSI), are thankful for many things. ACSI is thankful for our ability to help others even though our organization is less than a year old. We are thankful to our membership for their participation and support. We are also very thankful for our many partners. We would like to take this opportunity to highlight one recent way that we are helping to support a reach by local students into China. Recently, ACSI received a request from Leah Ross at Arlington High School’s New Tech Program. Arlington High School is part of the Indianapolis Public School system and has a very tight budget. Mrs. Ross is a very dedicated teacher who will be escorting a group of students to China in the spring of 2012. The students are currently trying to raise funds as they will receive no school funds to assist this trip. Instead of simply giving over funds to support the trip, ACSI created an essay contest. The students wrote an essay that addressed how China connected to their future educational plans. They also came to an ACSI event on November 17 and gave a short presentation on their school and upcoming trip. It was nice that they considered the purpose of the America China Society in both their essay and their presentation. They did a wonderful job. ACSI Chairman and founder, Albert Chen, said, “The society is happy to be able to help these students fulfill their needs for this opportunity of a lifetime. ACSI is committed to aiding and assisting educational causes.” Ninth grade Kahleal Willis won First Place, Junior Diamonique Brookins won Second Place and Joey Townsend won Honorable Mention. ACSI donated the prize of $250 to the winner, $100 to Second Place, and $50 for the Honorable Mention, with another $50 donated to the trip’s General Fund. We would like to thank the Kiwanis Business Circle of the Kiwanis Club of Indianapolis for their partnership and their complete match of the funds won by the New Tech High students. The total amount of money granted at the event was $900. Steve Fero of the Kiwanis Business Circle of the Kiwanis Club of Indianapolis stated, “Kiwanis is proud to partner with the America China Society of Indiana to help Arlington New Tech High School students prepare for their trip to China through this essay contest. The Kiwanis Business Circle members recognize the great potential for these students to realize both their role and Indiana’s role in a global economy through this trip.” The students, through various activities such as cookie sales and simple office work, are working towards raising $3,000 each in order to go on the China trip. We believe that this trip will open their eyes to many opportunities not previously known or considered. We know that it will encourage students to continue their education through high school and hopefully beyond to a college career. Currently seven students have decided that birthdays and Christmas dollars will all go towards helping them on their way to China. If you would like to employ one of these hard-working students or perhaps support their efforts through sponsorship, please contact Leah Ross firstname.lastname@example.org or 317-693-5334 for further information. The students have collectively decided to help one another’s efforts and would be happy to complete a team presentation upon their return. Happy Thanksgiving to you and yours!
Fishers, IN: Stanley Convergent Security Solutions, a division of Stanley Black & Decker, has selected Fishers, IN to be the site of its expanded new headquarters, previously located in Noblesville, IN. In addition to adding up to 90 new jobs, the company will transfer its more than 30 existing employees to a 27,000 sf facility located at 9998 Crosspoint Boulevard. The company will invest $3.39 million in this project. Stanley Convergent Security Solutions provides design, installation, service and monitoring of security systems for industrial, government, commercial, residential and national account clients. The company, which manufactures key locks, security systems, fire alarms, video surveillance equipment and other related products, expects to finalize the relocation and necesary building improvements late this year. “Stanley’s commitment to the Fishers community is another indicator of the affordability, quality of life, and highly educated workforce the Town of Fishers is able to provide its businesses,” said Fishers Town Council President Scott Faultless. ” We look forward to their success as a Fishers business.” Stanley Convergent Security Solutions is the second largest electronic security company based on total revenue and one of the largest system integrators in the United States. Stanley CSS has over 75 offices serving over 120 of the largest metropolitan markets in North America. Stanley CSS provides the best of both worlds, a local company with global resources and one of the most trusted names in security serving over 300,000 customers in North America.
Bloomington, IN: The Bloomington Economic Development Corporation (BEDC) hosted the America China Society of Indiana (ACSI) on Friday, October 28, 2011 for a presentation and lively discussion about economic development, incentives and the China factor. BEDC President Ron Walker invited several local manufacturing and distribution companies with varying levels of experience with economic development and China in order to gauge the local perspective and interest. Jenny Massey, Vice President of ACSI presented and led the discussion. It was a highly successful event. Please visit www.chinaindiana.org for more information about ACSI. For more information about the Bloomington Economic Development Corporation, please visit www.comparebloomington.us.
ACSI’s VP, Jenny Massey, and new ACSI Business Development Coordinator, Denesa Woods, presented to the Greater Elkhart Chamber of Commerce in Indiana with regards to Public Policy and Doing Business with China.
Please mark your calendars for THURSDAY, OCTOBER 13, from 9:00- Noon if you are interested in the next ACSI event to be held at the Bingham McHale offices in downtown Indianapolis. The America China Society and Bingham McHale are pleased to offer the China Business Proficiency Series that will educate and prepare business and community leaders to better understand and connect with Chinese companies. This six- part series will feature an optional Spring Delegation trip to China; however, its lessons will be helpful to all initiating or currently doing business in China or with Chinese companies. China is emerging as one of the major global economies. It is infamously known as a country of etiquette and ceremonies. The unique character of the Chinese is built on a strong sense of pride in their ancient history and culture. Understanding the basic Chinese cultural, ethical and business values is vital to any organization wanting to conduct business in today’s rapidly progressing China. Organizations venturing into business with China will need to consider the aspects of Chinese business culture and etiquette in order to fully succeed. Details regarding the series to follow next week and will include a link to registration. Please contact me with any questions. Please feel free to share with your clients or connections.
Delphi, IN: Elected Officials of Indiana’s Economic Growth Region 4 received the latest information about regional economic development activites in Region 4 during a breakfast and forum hosted by Local Economic Development Officials and the Region 4 Workforce Board. Well known site selectors, Jay Walters, President, FairWinds Advisors and Michael Weishaar, Vice President, Cassidy Turley shared information about the importance of developing and providing a regional package for success in business attraction.
Indianapolis: Accelerate West Central Indiana Economic Development (Accelerate WCIED) is a regional partnership dedicated to the growth and prosperity of Clay, Parke, Putnam, Sullivan, Vermillion and Vigo counties in West Central Indiana. The alliance serves to increase the area’s development opportunities and competitiveness through global marketing efforts. The America China Society of Indiana (ACSI) was invited to give a presentation and facilitate a brief discussion about the unique opportunities associated with business and China. Mike Heaton, Chairperson for Accelerate WCIED maintained a positive outlook for possibilities of attracting Chinese business to the region. Jenny Massey, VP of ACSI discussed general economic development trends and a few project examples. Carmen Hendrixson, Secretary of ACSI introduced the America China Socity and explained how the organizations could successfully partner together. >For further information about ACSI, please visit: www.chinaindiana.org. For further information about Accelerate WCIED, please visit: http://westcentralindianaedc.com/
Miami County, IN: The North Central Indiana Economic Development Partnership (NCIEDP) is a collaboration of many people and organizations dedicated to improving the economy of North Central Indiana by attracting and retaining new businesses. The regional partnership includes the six communities of Cass County, Clinton County, Fulton County, Howard County, Miami County and Tipton County. Jenny Massey, Vice President of the America China Society of Indiana (ACSI), met with Jim Tidd, President of NCIEDP and several other representatives and toured sites in the area. The purpose of the meeting was to discuss ACSI, introduce the region to potential Chinese business and gather further information about doing business with China. The NCIEDP is working towards economic development success for the good of the entire region. ACSI is dedicated to helping organizations such as NCIEDP so they can excel in the attraction of Chinese business and also link the regional companies to opportunities in China.
Jasper, IN: The City of Jasper continues to analyze and review a proposed project to repower its power plant with natural gas and biomass. FairWinds Advisors was pleased to be engaged by the City to provide an economic impact analysis for the proposed project.
Indianapolis: St. Regis USA, Inc., a manufacturer of hand-etched and hand-painted glass and crystal products, will open a new Indianapolis facility with plans to create up to 41 new jobs by 2014. The company, which produces glass and crystal awards, beverageware, trophies and desk accessories, is investing more than $4.18 million to purchase and equip a 90,000-square-foot facility on the northeast side of the city.
Indianapolis: Arrow Container, LLC, a local corrugated container manufacturer will expand operations at its Indianapolis headquarters. This expansion will create an additional 65 jobs in the community by 2015. Arrow, which manufactures and supplies a variety of packaging materials ranging from custom cartons to foam and tape, plans to invest $3.49 million in new machinery and improvements at its 80,000-square-foot facility on the southeast side of the city.
Gary, IN– The America China Society of Indiana is traveling throughout Indiana this summer in order to assess the needs of local companies and communities interested in doing business in and with those in China. Yesterday, ACSI gave a short presentation to the Gary Chamber of Commerce which was well received. For further information, please visit www.chinaindiana.org. Post-Tribune Correspondent Michael Gonzalez wrote the following article to highlight Jenny Massey’s Speaking Engagement at the Gary Chamber of Commerce. See articlehere. Luann Franklin, Times Correspondent at NWI.com, wrote the following article Hoosier State’s Business Style, Climate Attracts Chinese Business, about the ACSI visit to Gary, Indiana.
Indianapolis: FairWinds Advisors, Bingham McHale and the America China Society of Indiana is proud to support Asian Fest. The event was organized by the Asian American Alliance and will take place at Garfield Park this Saturday from 10:00 AM – 4:00PM. Free admission and family fun await those who will attend. Enjoy the sights, sounds and tastes of Asia without leaving Indy. Entertaining cultural performances, bonsai show, Asian Art Exhibit, Interactive Cultural Discovery and Asian food, merchandise and games will interest the whole family. Join us!
Indianapolis: The Indianapolis Kiwanis Business Circle presented a luncheon featuring two speakers; Jenny Massey, Director of Operations for FairWinds Advisors and Vice President of the America China Society of Indiana and Ms. Josette Rathbun, First Vice President of Investments of Merrill Lynch. Jenny’s presentation focused on a persepctive of economic development with regards to China and Indiana. For more information, please contact Jenny directly email@example.com . Ms. Rathbun’s presentation focused on investing in China and seizing opportunities in today’s global markets. For further information about the Kiwanis Indy Business Circle, please contact Mr. Steven Fero firstname.lastname@example.org.
What is Guanxi? Come to the event and find out! The event will be on May 6, 2011 at Ivy Tech Community College. Three speakers will discuss the importance of promoting guanxi from three different perspectives – business, government, and education- as well as how to utilize an internship program, followed by a matchmaking session for Chinese student interns and our member companies, as well as time for attendees to network- join us!
Milto Cleaners & Laundry is a family owned and operated business with headquarters located in Greenwood, Indiana. In addition to its local retail operations, Milto Cleaners is recognized as a national leader in the Smoke, Fire and Water Restoration services industry. The company plans to invest more than $1.3 million to build a new 30,000 square foot distribution facility to support its restoration services. Milto will initially occupy 10,000 sf and is searching for tenants for the balance of the space. The project will create just 2 new jobs. The City of Greenwood offered local property tax abatement in support of the project in the approximate amount of $169,000. FairWinds Advisors was retained for site location comparison and advice as well as incentive procurement and fulfillment services.
Presented by the Indianapolis Bar Association: As the economy is struggling out of the recession, government incentive programs are a key resource available to expanding businesses. Come listen to local economic development advisors and attorneys discuss some of the more popular state and local incentive programs available to your clients. They will share their insight into the advantages and disadvantages of the programs and what the practical benefits can be for your clients. Speakers include Bingham Mchale’s Phil Lodato, Associate in the Business Services Advisory Department and Jay S. Walters, President of FairWinds Advisors.
Fortville, IN – Genesis Plastics Welding, a provider of contract plastics welding and manufacturing services, announced today that it will expand its operations here, creating up to 54 new jobs by 2014. The company, which serves OEMs in the medical, military, automotive and consumer products sectors, plans to invest more than $3.3 million to add 50,000 square feet of production space at its existing facility at 720 East Broadway in Fortville. Construction also will include a new ISO Class 7 Standard certified medical clean room. Founded in 1987, Genesis attributes its recent growth to increasing demand for its proprietary plastics welding technology, ecoGenesis™, which enables radio frequency welding of plastic materials previously considered difficult or impossible to heat seal without the addition of often toxic adhesives or plasticizers. The company manufactures products including helmet padding, blood pressure cuffs, inflatable fluid bladders, hot and cold therapy packs, compression therapy sleeves, medical instrument covers, disposable heating blankets and drainage bags. The Indiana Economic Development Corporation offered Genesis Plastics Welding up to $340,000 in performance-based tax credits based on the company’s job creation plans. The town of Fortville has granted property tax abatement at the request of the Hancock Economic Development Council. FairWinds Advisors was retained for site location comparison and advice as well as incentive procurement and fulfillment services.
Indianapolis – The America China Society of Indiana (ACSI) announced its newly formed trade organization today at the Skyline Club in downtown Indianapolis. ACSI, founded by Albert Chen, Telamon CEO, and Ryan Hou, LHP, Inc. President, is focused on promoting cooperative business, trade and investment opportunities between Indiana and China.
Indianapolis -- The 2010 Rural Summit conference was held November 18 and 19 to provide Hoosier leaders and citizens an opportunity to learn and to collectively discuss creative ways to tackle development challenges facing our rural communities. The summit brought together Indiana’s rural leaders and citizens to develop creative ways of advancing the state’s rural communities.
During tough economic times, how can state and local development agencies promote economic growth? Despite the current economic downturn and enormous budget deficits, economic development incentives remain important tools for communities to attract and retain growing businesses.
Smart IT Staffing Inc., an information technology firm, announced the company’s plans to expand its Cincinnati office, retaining 10 employees and creating up to 54 new jobs by 2014. The company, which provides contract staffing and full-time placement services for companies needing information technology workers, will invest more than $210,000 to renovate and equip an additional 5,000 sf of space. FairWinds Advisors was hired for site selection, incentive procurement and fulfillment services.
Indianapolis -- The Indiana Manufacturers Association and Bingham McHale sponsored the event that discussed how to find financing and incentive opportunities for manufacturing businesses of all sizes. Panelists discussed how to identify opportunities and capitalize on them. Speakers included Jay Walters, President of FairWinds Advisors; Pete Grills of Bingham McHale and Mike Wozniak of Harris Bank. Each speaker provided valuable insights on how to tap into a variety of funding sources, from eco-incentives to job training funds and facility expansion dollars
Zionsville, IN – Governor Mitch Daniels and executives from two Central Indiana firms today announced new investments expected to create a combined 314 new jobs over the next four years.Wireless management company, Mobi and software developer, Bostech will invest a combined $3.6 million to expand their individual operations in the Northwest Technology Park in Zionsville. Mobi plans to create 253 jobs by 2014 and Bostech plans to add 61 jobs by 2013. Mobi Wireless Management helps companies organize, administer and manage wireless programs. Mobi tools include online management portals, help desk services, invoice management, cost optimization and policy management. Indianapolis-based Bostech develops software that links electronic health information with lab test results to improve the quality of healthcare. FairWinds Advisors was retained for site location comparison and advice as well as incentive procurement and fulfillment services.
Indianapolis – Lt. Governor Becky Skillman and Mayor Greg Ballard joined executives of Smart IT Staffing Inc., an information technology firm, today to announce the company’s plans to expand its Indianapolis headquarters, creating up to 80 new jobs by 2014. The company, which provides contract staffing and full-time placement services for companies needing information technology workers, will invest more than $480,000 to lease and equip additional space at its current downtown Indianapolis headquarters. Smart IT currently employs nearly 100 associates in Indianapolis. Smart IT was founded in 2005 and has been named among the fastest growing private companies and among the largest information technology staffing firms in Indianapolis by the Indianapolis Business Journal. Smart IT is a minority and woman-owned business enterprise. FairWinds Advisors was retained for site location comparison and advice as well as incentive procurement and fulfillment services.
Blue Ash, OH - Fusion Alliance Technologies in the Greater Cincinnati area has been awarded incentives from the Ohio Tax Credit Authority for an expansion project. Governor Ted Strickland and Lisa Patt-McDaniel, Director of the Ohio Department of Development, announced the tax credits award for the project. Fusion Alliance Technologies East LLC, received a 55 percent Job Creation Tax Credit for seven years, worth about $1.1 million, to consolidate operations in Blue Ash. The company was also awarded $30,000 for training. Based in Indianapolis, the company provides technology solutions for businesses. It will spend $313,000 to expand its local office, creating 95 jobs and retaining 27. FairWinds Advisors was hired for site comparison and incentives administration services.
Indianapolis - Fusion Alliance, a technology consulting firm, announced the company’s plans to expand its Indianapolis headquarters, creating up to 107 new jobs by 2014. The company, which specializes in developing technology-driven business solutions and applications, will invest more than $2.2 million to lease and equip additional space at its current headquarters in Park 100 on the city’s northwest side. The company currently employs nearly 175 associates in Indianapolis, plans to begin hiring additional information technology professionals this year and will make investments in infrastructure and equipment to support their growth. FairWinds Advisors was retained for site selection, incentive procurement and fulfillment services.
Noblesville, IN - Governor Mitch Daniels joined executives from technology services firm, Miller Consulting Group today to announce the company will expand its operations in Noblesville, creating up to 230 new jobs by the end of 2013. The company, which provides computer-aided design and engineering services for the aerospace, defense and medical device industries, plans to invest $2.1 million in computer software, hardware and equipment. The company will lease a portion of the historic Model Mill building on Mulberry Street. Established in 1999, Miller Consulting Group is an authorized reseller of Siemens’ software systems and serves clients including Allison Transmission, Ingersoll Rand, DePuy Orthopaedics, EnerDel, Comlux, Triumph Aerospace and Orthopediatrics, to name a few. The company will begin hiring engineers, managers, technicians and IT personnel immediately. FairWinds Advisors was hired for site review, incentive procurement and fulfillment services.
South Brunswick, NJ – Governor Chris Christie is committed to attracting high-tech jobs to New Jersey. Telamon Corporation has executed a Business Employment Incentive Program (BEIP) grant with the New Jersey Economic Development Authority (EDA) to support the relocation of new jobs into the state. The Carmel-based high-tech company provides a variety of services to the telecommunications industry and its customers has relocated its regional operations and more than 30 jobs to this Middlesex County community. The company had considered expanding its Pennsylvania offices before choosing to grow in the Garden State. The company will create 31 new jobs and lease a 40,000 sf IT Center and Distribution facility. FairWinds Advisors was hired for site review, incentive procurement and fulfillment services.
Zionsville, IN – Lt. Governor Becky Skillman joined executives from wireless management provider, Bluefish Wireless Management Inc., to announce the company will expand its operations, creating up to 150 new jobs by 2013. The Zionsville-headquartered firm, which oversees wireless device management services for many Fortune 100 companies, will invest $2.7 million to grow its existing space at the Northwest Technology Park from 20,000 square-feet to 60,000 square-feet. FairWinds Advisors was hired for site selection, incentive procurement and fulfillment services.
Indianapolis – Governor Mitch Daniels joined executives of racing bike component maker, Zipp Speed Weaponry, to announce that the company will expand its design and manufacturing operations here, creating 105 new jobs by 2013. The company, which designs and manufactures wheels, bars and accessories for racing bicycles, will invest $12.4 million to construct a new 70,000 square-foot manufacturing and customer service center on the city’s northwest side. FairWinds Advisors was hired for site selection, incentive procurement and fulfillment services.
Columbus, OH – Telamon continues to grow into new markets as customer demands continue to rise. Telamon will expand to Columbus, Ohio in order to serve the region as well as Eastern Indiana markets. Telamon will employ approximately 31. Telamon specializes in IT deployment, meaning the company creates and builds towers, as well as installs IT hardware and software for its clients. Their workforce will consist of IT engineers, assembly workers, installers, warehouse staff and administrative personnel. FairWinds Advisors was hired for site selection, incentive procurement and fulfillment services.
Greenwood, IN – Avram Worldwide, a provider of supply chain and logistics services, will establish its new headquarters and distribution operations in Greenwood, creating 78 new jobs by 2013. The company offers a variety of transportation management, warehousing, distribution and fulfillment services and will invest $885,000 to lease and equip an existing 20,000 square-foot headquarters facility in Johnson County. FairWinds Advisors was hired for site selection, incentive procurement and fulfillment services.
St. Louis, MO – To meet new and growing customer demands and an expanding market, Telamon will expand to Jefferson County, Missouri near Fenton. Telamon will employ some 17 workers initially, expanding to approximately 28 workers by 2013. Telamon specializes in IT deployment, meaning the company receives and installs IT hardware and software for its clients. Their workforce will consist of IT engineers, assembly workers, installers, warehouse staff and administrative personnel. FairWinds Advisors was hired for site selection, incentive procurement and fulfillment services.
Louisville, KY - A high-tech company that provides computer and technical support to AT&T has chosen Louisville as the site of its newest offices, Mayor Jerry Abramson announced today. Telamon Corp, based in Carmel, Indiana, will open a technology center in the Newburg neighborhood, creating 10 to 15 jobs in Louisville and another 20 to 25 jobs in the state, with opportunities for future expansion. The company was approved for $435,500 in state tax incentives for up to 10 years. FairWinds Advisors managed the procurement of economic development incentives in support of Telamon’s expansion project and will assist the company with the fulfillment of the awards.
Trade & Industry Development Magazine by: Suzanne Davis, VP, Bingham EDA
International Supply Chain Factors by: Jenny Massey, Senior Project Manager Jan. 2009 issue of World Trade Magazine
Indianapolis – Bingham EDA is proud to have supported our clients over the past year resulting in the following: New Jobs: 1,969, Retained Jobs: 2,466, Capital Investment: $ 211,725,000, and Total Incentives Awarded: $ 21,418,857. Bingham EDA also provided services to a number of organizations striving to improve their community’s economic development opportunities. Projects involved diverse areas of interest including international trade, industry asset mapping and marketing analysis, labor studies, real estate feasibility and economic development organization program development. hank you for your support! We look forward to future collaborations and opportunities to help your organization achieve success. Additional thanks to our partners at Bingham McHale for their support and guidance over the past year. The resources provided by the firm have been invaluable to Bingham EDA and our clients. Please visit Bingham McHale’s recently revised web site atwww.binghammchale.com.
Indianapolis – The Indiana Health Industry Forum (IHIF) announced that the second phase of its Statewide Asset Mapping and Strategic Planning project is completed, resulting in ten regional reports detailing recommended strategies for growth and development of the life science industry in Indiana. Each of the ten regional reports includes an analysis of the existing life science industry in the area, including a visual representation or asset map. Strengths and gaps are discussed, and strategy recommendations are provided. These strategy recommendations can be used by local economic development officials to craft business retention, attraction and organic growth initiatives. The complete regional reports are available at www.ihif.org FairWinds Advisors and Cushman & Wakefield Global Consulting Group directed the project for IHIF.
Indianapolis – High-tech equipment designer Jarrett Engineering announced today it will expand its headquarters and engineering center in Indianapolis, creating nearly 40 new jobs by 2012. The company, which designs advanced manufacturing equipment and processes for manufacturers in the automotive, aerospace and pharmaceuticals industries, will invest more than $1.3 million to expand its engineering services and headquarters into an adjacent 7,000 square-feet of existing space at its 1011 North Pennsylvania Avenue facility. FairWinds Advisors managed the procurement of economic development incentives in support of Jarrett Engineering’s expansion project and will assist the company with the fulfillment of the awards.
Trade & Industry Development Magazine by: Suzanne Davis, VP, Bingham EDA & Jerry Hammel, Tax Director, Blue & Co.
Carmel, IN – Governor Mitch Daniels joined executives from technology developer and supplier Telamon Corporation today to announce the company’s plans to expand its international headquarters, creating nearly 250 new jobs by 2012. The provider of products and services ranging from the development of wireless information technology systems to integrated supply chain management and high-tech assembly services will invest more than $3 million to upgrade its technical support, engineering and logistics operations at the company’s suburban Indianapolis corporate complex. FairWinds Advisors managed the procurement of economic development incentives in support of Telamon’s expansion project.
BioFutures Magazine 2008, Indiana Health Industry Forum / Featuring Suzanne Davis
Columbus, IN – Lt. Governor Becky Skillman joined executives from Indiana-based LHP Technologies and Chinese-owned manufacturer Techtop today to announce the companies joint venture that will bring a new manufacturing and distribution center to Columbus, creating more than 60 new jobs. Operating as Techtop LHP, Inc., the joint-venture company will invest more than $7 million to build and equip a 60,000 square-foot manufacturing and distribution center for its global line of electric motors, pumps and generators. FairWinds Advisors managed the procurement of economic development incentives in support of the Techtop LHP, Inc. project.
Indianapolis – DCL Medical Laboratories was joined by Governor Mitch Daniels and Mayor Greg Ballard this morning to announce the company’s plans to expand its headquarters and clinical laboratory in Indianapolis. The company will create 125 new life sciences jobs, invest more than $4.7 million and add more than 20,000 square feet of commercial laboratory space. Founded in 1984, DCL has grown from a diagnostic cytology lab to a full-service regional reference laboratory with operations in Indianapolis, St. Louis and Louisville. The expansion will enable DCL to leverage its experience in cytopathology, clinical trials and product development to facilitate commercialization of emerging diagnostics discoveries. FairWinds Advisors assisted DCL Medical Laboratories with the expansion of its corporate headquarters as well as negotiating and procuring economic development incentives.
Warsaw, IN - OrthoPediatrics announced the company’s plans to grow its development, manufacturing and distribution center in Warsaw, Indiana creating 100 new jobs. The two-year old developer of orthopedic implants for children and small stature patients will invest more than $4.5 million to more than double its development and manufacturing operations in the North Central Indiana town known as the Orthopedics Capital of the World. FairWinds Advisors assisted Orthopediatrics with the expansion of its corporate headquarters as well as negotiating and procuring economic development incentives.
South Bend, IN - Ryan FireProtection, a designer, manufacturer and installer of custom fire protection systems, announced today it will expand its Northern Indiana operations, creating more than 25 new jobs. FairWinds Advisors managed the procurement of economic development incentives in support of Ryan Fireprotection’s project.
Investment in economic development has become increasingly more strategic as many states attempt to attract specific industries such as life sciences, advanced manufacturing, and information technology that create high-skill jobs commanding high wages. Talent is the key issue in attracting these types of jobs, making training incentives a requirement for states to stay competitive.
Bloomington, IN – Cook Pharmica LLC, part of Cook Medical, is expanding its biopharmaceutical contract manufacturing facility in Bloomington, Indiana. The company will invest $84 million in facility upgrades and new equipment to add contract fill finish capabilities. The project will create over 200 new jobs at the facility where currently 225 people are employed. FairWinds Advisors worked with Cook Pharmica to evaluate locations for the expansion and to negotiate incentives in support of the project including over $2.2 million in performance based tax credits and $100,000 in training grants from the Indiana Economic Development Corporation.
Indianapolis – Indiana Health Industry Forum (IHIF) today announced that it has hired the team of Cushman & Wakefield Global Consulting Group (C&W) and FairWinds Advisors for its statewide life sciences asset mapping and strategic planning initiative.
Indianapolis – LHP Inc. will create more than 320 high-tech jobs by 2011. The software developer will invest more than $1 million to expand its southeast Indiana headquarters and development center located in Columbus, Indiana. The company creates software and hardware solutions for military, automotive and medical industries worldwide. FairWinds Advisors managed the procurement of economic development incentives in support of LHP’s project.
Huntingburg, IN – OFS Brands Holdings, Inc. will invest more than $81 million for the expansion to add new production facilities, veneer operations, UV coating systems and office space to its southern Indiana headquarter facilities located in Huntingburg, Indiana. The internationally recognized office furniture company will create more than 300 new jobs by 2012. FairWinds Advisors assisted OFS with the expansion of its corporate headquarters as well as negotiating and procuring economic development incentives.
The Art of the Deal Area Development MagazineNovember 2007by: Jenny Massey, Senior Project Manager, FairWinds Advisors
Successfully Evaluating Labor Force for a New Manufacturing Facility Trade & Industry Development Magazine, September/October 2007 by: Suzanne Davis, VP, Bingham EDA
Tax & Incentives Strategies for Manufacturing Operations Trade & Industry Development Magazine September/October 2007 by: Suzanne Davis, VP, Bingham EDA & Sue Beesley, Attorney at Law, Bingham McHale, LLP
Speaking Engagement – “Hoosier Site Consultants Roundtable”
Orange Park, FL — The Clay County Chamber of Commerce’s Economic Development Division is partnering with FairWinds Advisors to analyze the local business community for international business development made possible through an international business development grant funded by the state of Florida.
Speaking Engagement — “A Business Game Plan: Economic Development Incentives, Property Tax Saving Strategies and Business Financing Tools for Indiana Manufacturers”
Indianapolis — Bingham McHale LLP has formed Bingham Economic Development Advisors, LLC (Bingham EDA), an independently operated and managed affiliate of the law firm focused on economic development relating to site-selection analysis, incentive procurement and fulfillment, and community development and planning.