Indiana Economic Development Corporation Appoints Mike Pence as President
Jul 29 15
Governor Mike Pence named Jim Schellinger as president of the Indiana Economic Development Corporation. He currently serves as the chairman and chief executive officer of CSO Architects and is a member of the IEDC Board of Directors. Schellinger joined CSO in 1987 and was named president and chief executive officer in 1996 at age 36. Starting August 10, 2015, Schellinger will commence a leave of absence from CSO.
The University of Notre Dame Collaborates with General Electric Co., The City of South Bend, Indiana Economic Development Corp., Great Lakes Capital and Indiana Michigan Power to Build Nations Top Turbine Engine Component Research and Testing Facility
Jun 26 14
The University of Notre Dame and five public and private partners announced a $36 million project that will be the nations foremost research and test facility for advancing the technology used in the massive gas turbine engines used by commercial and military aircraft, power plants and the oil and gas industry. Construction in South Bends Ignition Park on a 43,000-square-foot building of which 25,000 square feet will be for the Notre Dame Turbomachinery Facility will begin this summer and be completed by March. The facility will be fully operational in July 2016. This venture will be a cutting-edge research and testing facility for the turbine engine industry as well as a tremendous economic driver for the region. Notre Dame will contribute $7.5 million to the project. Other partners are the General Electric Co., which has committed $13.5 million to fund research and testing for five years; the city of South Bend, which is contributing $4.4 million inclusive of equipment, land for a new power substation and tax abatements; the state of Indiana, through the Indiana Economic Development Corp., which is providing up to $600,000 in training grants and up to $2 million in infrastructure assistance; Great Lakes Capital, which is providing upfront capital of approximately $6 million to construct the facility; and Indiana Michigan Power, which will be investing $2 million in a new substation to provide the considerable power needed to operate the facility's multiple test cells.
Walmart Selects Indiana Economic Development Corp for New ecommerce Fulfillment Center
Jun 20 14
Walmart announced plans to locate an e-commerce fulfillment center here, creating up to 303 new jobs by 2016. The Bentonville, Ark.-based company will construct and equip a new 1.2 million square-foot facility in Plainfield. The facility, which will allow the company to process and ship orders for its fast-growing online operation, will be operational in early 2015 at the AllPoints Midwest distribution park developed by Indiana-based Duke Realty and Browning. Walmart joins a long list of companies that have recently selected Indiana as home the for their logistics operations. Indiana's central location places it within a single day's haul to 80% of the U.S. population.