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AUGUST UPDATE 2010  Volume 4  |  Issue 8 FTAF 6

New Investment

NEW BUSINESS COUNTY
Saratoga Potato Chips, LLC

Allen

more info
            
EXPANSIONS COUNTY
M & E Investments

LaGrange

more info
Arrotin Plastic Materials Inc.

Noble

more info
Fuel Systems of Angola

Steuben

more info

Steffy Wood Products

Steuben

more info
PDQ Workholding LLC

Whitley

more info
Steve Reiff Inc

Whitley

more info
Micropulse Inc.

Whitley

more info
Greatbatch Medical

Whitley

more info

News & Updates

BUSINESS
State Announces 'Companies to Watch'
The Indiana Economic Development Corporation says 41 companies from 18 counties have made the third annual "Companies to Watch" list. It is compiled by the group's small business development center network, Purdue University and the Edward Lowe Foundation. This year's companies range from energy development to food production and information technology firms. more

Vera Bradley files to become public company
Vera Bradley, the Fort Wayne producer of colorful, quilted handbags, luggage and accessories, wants to become a publicly traded company.Vera Bradley Inc. filed with the Securities and Exchange Commission for a $175 million initial public offering. The company would list its shares on Nasdaq. more


MEDICAL
St. Joseph Hospital unveils suites for relatives of burn victims
The families of burn patients at St. Joseph Hospital have a new place to stay, and at a lower cost. Three years in the making, the Northeast Indiana Burn Council showed off the new Burn Family Suites of Northern Indiana on Tuesday afternoon. The 1,600-square-foot area is located on the third floor of the medical office building, adjacent to the hospital. more 

Parkview Celebrates Topping Off Ceremony
Parkview Health in Fort Wayne says it has passed the halfway point of its $536 million regional medical center project. Hospital officials held a topping off ceremony to commemorate the final steel beam put into place at the construction site. The project remains on schedule to open in 2012. more 


DEFENSE INDUSTRY
New radio may be the wave of the future at ITT   
A small handheld satellite radio, which could see increased use within the military and a variety of federal agencies, is growing in its importance to one of northeast Indiana's major employers. more 

All Rite Distributing to Receive Award from Defense Logistics Agency
Fantastic news for Chamber member All Rite Distributing Co., Inc. They have received word that they will be presented with a Defense Logistics Agency (DLA) Vendor Excellence Award for Service Disabled Veteran-Owned Small Business. Nominated by the Defense Supply Center Columbus. more  

Raytheon wins contract for jamming system work
Raytheon Network Centric Systems in Fort Wayne will get about 10 percent of the work on a $42-million, cost-plus-fixed-fee contract for research supporting the jammer that will replace the ALQ-99 Tactical jamming system. more


EDUCATION
Huntington University expands online degree programs
Starting in August, Huntington University's Excel adult degree program will begin offering online courses in organizational management and business administration. more 

Harrison College to start nursing program
Beginning this fall, Harrison College in Fort Wayne will offer a registered nursing program, through which students can obtain an associate degree in as little as two years. more 

Incentive Spotlight

Growing Indiana
Industrial Development Grant Fund
The IEDC provides financial support for infrastructure improvements in conjunction with projects creating jobs and generating capital investment in Indiana. This grant provides money to local governments for off-site infrastructure projects associated with an expansion of an existing Indiana company or the location of a new facility in Indiana. State funding through the IDGF program must be matched by a combination of local government and company financial support. more

Blog Highlights
Indiana Education
"Indiana education is evolving, far past the one room school house and well into the age of higher learning. In an era where quality education is essential and the key to success, Indiana is forging ahead with all the best advancements.  Key factors in improved Indiana education include, increasing ISTEP+ scores across the board along with continuing development of New Tech High Schools in collaboration with The New Tech Network
." read blog
County Updates

ADAMS
At the Berne City Council meeting, Smith Brothers Furniture controller Chris Frauhiger announced Smith Brothers Furniture's plans for an expansion that would add 32,000 square feet of storage.  The cost for the storage expansion is estimated at 1.65 million dollars, although the new space would be used mainly as storage it would open up space for line expansion at the main plant.  This line expansion would add 12 new jobs. Frauhiger received two 10-year tax abatements from the Berne City Council to cover the expansion project. 

ALLEN
Saratoga Potato Chips, LLC has announced that it will locate a facility in Allen County. The company, which produces traditional potato chips, kettle chips and popcorn, will bring 175 new jobs to the area and invest more than $4.9 million. The project will begin in August, with the final phase scheduled for completion in 2013. more

DEKALB
The DeKalb County Economic Development Partnership has moved to the Corporate Construction building located at the corner of State Road 8 and County Road 19.  The new address is 4483 County Road 19, Suite C, Auburn, Indiana 46706.  Our telephone and email address will remain the same.  Please stop by and visit our new offices if you are in the vicinity.

Canadian Car auctioneer, Rob Myers, has purchased 235 acre Kruse Auction Park. Myer will continue the tradition of a Labor Day Weekend classic car auction; an annual tourist draw in auburn since 1971.

HUNTINGTON
The Indiana Department of Environmental Management (IDEM) conducted a public meeting to receive public comment regarding an air quality permit being sought by the Helena Chemical Company as they evaluate Huntington's Park 24 for a potential agricultural dry and liquid fertilizer blending, packaging and multi-state distribution center. IDEM is expected to issue a decision on the permit application in late July or early August.

WHITLEY 
Three local businesses in very different lines of work received abatements for new equipment and also plan job growth in coming years. more

Coupled Products LLC, is in the automotive business and has recently moved equipment for part of the business' operations to Whitley County from an Ohio facility.The business employs 92 people and plans to add numerous jobs in the coming years, some of which will be offered to union employees who were laid off and have recall rights for up to two years. more

A local business which specializes in medical implants, surgical equipment and other needs in the medical field not only added 11 new jobs in the last year, but also plans to add another 11 in coming years. The county council approved a 10-year abatement for Greatbatch Medical, which will go toward a new project with new equipment. more

More Info

 

SalesSheetGroup-sm

With the help of the Community Research Institute (CRI) and input from our local economic development partners, you now have access to our sales sheets that contain data and information highlighting four of our six industries: Financial & Insurance Services, Food Processing, Medical Devices and Transportation and Logistics.  Dive into the facts and let Northeast Indiana work for you!

Northeast Indiana LEADS

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