Indy business 2015-3-13

Downtown Indy Ranked Among Nation’s Best

A national website has ranked Indianapolis among its Top 10 Best Downtowns in the country. cites Indianapolis’

“hip destinations” in making it attractive for young families and professionals.

Indiana Exports Hit Record Level

A report from the U.S. Department of Commerce shows 2014 merchandise exports from Indiana hit a record level of $35.5

billion. The department also says Indiana goods exports supported about 166,000 jobs in 2013

Indiana’s Aerospace ‘Splash’ Continues

Indiana’s Secretary of Commerce says the state beat out at least two others in a “highly-competitive” bidding process to secure

250 positions Massachusetts-based Raytheon Co. (NYSE: RTN) is relocating from other operations. Victor Smith believes the

announcement shows the state is continuing to make a splash in the global aerospace manufacturing scene by landing more

highly-technical jobs that pay “generous” wages. Raytheon follows a recent string of developments involving companies such as

GE Aviation, Alcoa Inc. (NYSE: AA) and Rolls-Royce.

Amtrak ‘Willing And Able’ to Run Hoosier State

Amtrak says daily service between Indianapolis and Chicago “does not have to end in April.” The Indiana Department of

Transportation announced last week the Hoosier State passenger rail line will end service next month. Amtrak says it has offered

to continue operating the line on a month-to-month basis.

Indiana-Made Satellite in Orbit

A satellite built by a Grant County company with ties to Taylor University is in low-earth orbit after leaving the International

Space Station. The satellite is a product of NearSpace Launch Inc., which is currently led by Taylor Physics Professor Hank


Pre-K Praise, Funding Piling Up

The president of the Lilly Foundation says Indianapolis’ recently-approved pre-kindergarten program will “change the long-term

fabric” of the community. Rob Smith calls the effort a public-private partnership in its “purest form.” The five-year, $40 million

program includes $20 million from the city, $10 million from philanthropic organizations and $10 million from private sources.

Smith is leading the private fundraising effort, and says he has secured more than $6 million in commitments so far.

INDOT to End Hoosier State Rail Service

The Indiana Department of Transportation says the Hoosier State passenger rail line between Indianapolis and Chicago will end

service April 1. The department says the move is a result of new Federal Railroad Administration regulations that INDOT says

would increase cost and liability.

Hicks: Jobs Report ‘Confident Evidence’ of Recovery

A Ball State University economist says the U.S. economy is pointing in the right direction on the heels of one of the best job

growth streaks since the 1990s. Mike Hicks says the February jobs report showed growth in almost every sector. The U.S.

Department of Labor says the economy added 295,000 jobs last month, dropping the jobless rate to 5.5 percent.

Toyota Indiana Hits Production Milestone

Princeton-based Toyota Motor Manufacturing Indiana Inc. is celebrating a major accomplishment. The company says it has

produced four million vehicles. The milestone vehicle is a Blizzard Pearl Highlander Hybrid.

Colts: Team Will Not Re-Sign Reggie Wayne

One of the greatest players in Indianapolis Colts history will not be returning to the team. The Colts have decided not to re-sign

wide receiver Reggie Wayne. He is the franchise leader in regular season games played, and ranks seventh in National Football

League history in career receptions.

Lilly, IU to Bring ‘Best Minds Together’

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) is partnering with the Indiana University School of Medicine on a program

designed to give students experience in the development of new medicines. Yolanda Johnson-Moton with Lilly says it will offer a

glimpse of the business “from molecule to patient.” The Medical Student Rotation Program pairs third and fourth-year students

with Lilly mentors and IU officials say it builds on a long history of collaboration in research.

500 Festival Events Tickets For Sale

The 500 Festival says tickets are now available for this year’s events. The organization says programs including the 500 Festival

Parade and Breakfast at the Brickyard help showcase Indianapolis’ “cultural, educational and social attributes.”

Rolls-Royce Opens Plainfield Facility

Rolls-Royce has opened a $10 million repair facility in Plainfield. LiftWorks will produce and repair components for the F-35

Lightning II fighter jet, which is flown by the U.S. Marine Corps.

Indiana Billionaires on Forbes List

A business publication’s annual ranking of global billionaires includes five Hoosiers. The top spot in Indiana on the Forbes list

once again stays in the Bloomington-based Cook Medical Group family.

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