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FEBRUARY UPDATE 2010  Volume 4  |  Issue 2

New Investment


NEW BUSINESS COUNTY
Cinergy MetroNet  Huntington  more info  
            
EXPANSIONS COUNTY
Edy's Allen more info
Covington Box DeKalb more info
Buck Consultants Allen more info
Ultra Electronics Whitley more info

News & Updates

Regional Visioning Coordinating Group Holds First Meeting
A diverse group of leaders from across the 10-county northeast Indiana region today held its first meeting to begin the process of developing a vision aimed at shaping the vitality of northeast Indiana's regional economy. The Coordinating Group will work on immediate and long-term strategies to produce a vision - called Vision 2020 -- that focuses on the following key objectives; competitive business climate, 21st century talent, quality of place, infrastructure, and entrepreneurship. more


BUSINESS NEWS
Navistar gets $37.3 Million for Research  
Navistar's Truck Development and Technology Center in Fort Wayne will receive $37.3 million in federal funding to improve truck and trailer technologies, and engine and fuel efficiency. more

Prairie Quest Consulting Lands Military Contract
Fort Wayne-based Prairie Quest Consulting is part of a group awarded a support services military contract that could be worth up to $93 million. Prairie Quest, Wyle, Lockheed Martin Corp. (NYSE: LMT) and Engility Corp. will be involved in the transition of military personnel and equipment from the Brooks City-Base in Texas to Wright-Patterson Air Force Base in Ohio. more


SUCCESS IN DEFENSE
Rhinehart Achieves Military Certification
In a span of 10 years, Rhinehart Finishing has shown it is up to commercial and military finishing standards. Recently, the company completed an audit and now meets finishing standards for Osh Kosh Defense, a Wisconsin-based manufacturer of severe-duty military vehicles.   more

ITT at the Eyes of the Storm
From ITT's nondescript campus on Cook Road, you wouldn't know it houses a hive of world-class researchers, including some who could literally be described as rocket scientists. Every satellite weather image generated by the National Oceanic and Atmospheric Administration has been produced with imagers and sounders built in Fort Wayne. And as the government opens up a new frontier in climate science, ITT - especially its Fort Wayne operations - is working to remain in the forefront.  more

 


WORKFORCE
State Lands $6 Million Green Jobs Training Grant 
The U.S. Department of Labor has awarded the Indiana Department of Workforce Development (DWD) a $6 million grant to help train Hoosier workers for green jobs. The money will fund a statewide training program and establish an Advanced Energy Training Center. This is DWD's second grant from the Department of Labor to help Indiana transform the green auto industry.
more
Incentive Spotlight

Growing Indiana
Economic Development for a Growing Economy Tax Credit (EDGE) 
Economic Development for a Growing Economy (EDGE) is a refundable tax credit program that rewards companies creating jobs and contributing to the growth of Indiana's economy. EDGE credits are calculated as a percentage of payroll tax withholding and applied to state income tax, for net new Indiana jobs. EDGE credits may be awarded for up to 10 years. Each year, a limited amount of EDGE credits are also available for the retention of jobs in highly competitive situations. The company must commit to maintaining operations in Indiana for at least two years beyond the term of the company's EDGE award. more

Blog Highlights
New Tech in Northeast Indiana
"In an age where gadgets and gizmos are spreading to the most unimaginable ends of our lives, increasing efficiency and decreasing the need for neurons, it is important to forge ahead with a society that can master new adaptations and actively engage in the new world we are creating. New Tech high schools are doing just that
." Read Blog 
County Updates

ALLEN
Details were announced of The Alliance's 2010 work plan, which addresses the organization's goals for projects, partnerships, marketing and communications and downtown development . more

The new television show, "Expanding Your View," from The Fort Wayne-Allen County Economic Development Alliance will premiere on Access Fort Wayne's City TV, which airs on Comcast Channel 58 and Verizon Chanel 28. more

Two new staff members were added to The Fort Wayne-Allen County Economic Development Alliance. Ms. Ashley Steenman and Mr. Karl Bandemer have joined the Alliance as senior development officers. more

DEKALB
Sechler's Pickles, a pickle producing company that has been in DeKalb for nearly 90 years, has seen an increase in recent sales despite the economic recession. Sechlers saw a 5% increase in 2008 and is expecting another 6 to 7% in 2009. more

Butler's uscombatgear.com LLC was honored in the "emerging" category. This Butler business is one of 20 businesses statewide honored for economic entrepreneurship with the Economic Development through Growth and Entrepreneurship awards, presented by the Indiana small Business Development Center Network. more  

Guardian Industries in Auburn was awarded $5.2 million in advanced energy project tax. Guardian intends to double its capacity for solar mirrors and plans to install new equipment to move more stages of manufacturing to the Auburn plant. more 

HUNTINGTON
HCUED celebrates ribbon cutting at Fogwell Manufacturing Company.  Fogwell Manufacturing has completed construction on their new facility in Huntington's Riverforks Industrial Park and officially cut the ribbon on their building on January 29th.  The company is now working three shifts, seven days a week with their workforce of 30.

Transwheel Corporation, a division of LKQ Corporation has finished construction of their new 155,000 foot distribution center in Huntington's Riverforks Industrial Park.  Transwheel is the largest domestic supplier for aftermarket wheels to body shops, tire stores, and other wheel distributors.

Jeff Souder of Warren, Indiana has been elected to serve as the Board President for HCUED.  Jeff owns East of Chicago Pizza Franchises in Warren and Ossian, Indiana.  He is a lifelong resident of the Warren area.

LAGRANGE
Pennington Seed Inc.,one of the largest manufacturers, producers, and packagers of lawn care products in the world, and the LaGrange County Economic Development Corporation announced the leasing of additional space for Pennington Seed Inc. at the former Starcraft Marine facility in Topeka, IN.

NOBLE
B & J Specialty co-owner, and longtime Noble County businessman, John Wicker received his first ever tax abatement. Wicker plans to purchase the former Walton Tool building in Albion, and open a new division doing tool and die work on medical and surgical equipment. The expansion will add 21 new jobs, with a goal of 300 total in the future. more    

An industrial site in Albion was declared a Certified Site by Northeast Indiana Regional Partnership. The site is 65 acres in the North Ridge Industrial Park along S.R 9 and C.R 400N. more   

WABASH
All four of Wabash Public Schools were named Best Buys for the year 2009 by the Indiana Chamber of Commerce. Two of the county's public schools were also listed as honor roll schools, placing in the top 26 of the Best Buys.

WHITLEY 
Ultra Electronics plans to invest $4.4 million to expand its Undersea Sensors Systems operation in Columbia City. The company announced the addition of a new production line, creating 45 jobs by 2012. The new line will produce high pressure air compressors for military aircraft. more

Whitley's new Equine Hospital, Conely, Finch, & Koontz, is now open for business. This hospital is the only private equine facility  with a board certified surgeon in the state of Indiana. The hospital is located at 2249 South 500 East in Coesse.  

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