Business, Economy and Consumer Affairs

Metal processing plant coming to Montgomery County

Jan 11, 2012

A metal processing company is building a new factory in Crawfordsville.

Herr-Voss Stamco will construct the 20,000 square-foot facility in the Nucor Road Industrial Corridor, southeast of the city.

The company is expecting to employ 25 people in high-wage positions at the location by 2014.

The Indiana Economic Development Corporation is offering Herr-Voss Stamco up to 225-thousand dollars in conditional tax credits based on the job creation plans.

Construction of the plant is scheduled to begin this year.

The Tippecanoe County Redevelopment Commission is recommending moving forward with a deal that would build a fiber optic network in the area.

Evansville-based Cinergy Metronet is proposing installing fiber that would be available to most homes and businesses in the county.

But company officials say first the county must establish a tax increment financing district to enable Cinergy Metronet to secure a bond of up to six-million dollars for startup costs.

Local organizations are joining forces to promote responsible leadership for non-profits.

Registration is now open for the 2012 Douglas Eberle Board Governance Series.

The program is a collaboration of the Community Foundation of Greater Lafayette, United Way, and North Central Health Services. It is aimed at strengthening and sustaining boards at institutions in Tippecanoe and surrounding counties.

Those opposed to a Right to Work measure in the Indiana General Assembly are getting their side mobilized in the Lafayette area.

The end could soon be near for Kodak, and the iconic film manufacturer may have itself to blame.

Kodak, based in Rochester, N.Y., could be headed into bankruptcy over the next few weeks. The company has seen its profits plunge in recent years, largely because of the popularity of digital cameras.

Kodak is trying to move into new product lines like inkjet printers, but in the meantime it's attempting to raise cash by selling off some of the patents it's developed over the years.

This could be "the year of the gas-pocalypse" analysts tell the Los Angeles Times, "because gasoline prices are the highest ever for the start of the year, and they're on the rise, supercharged by expensive oil and changes in refinery operations."

Indeed, check out some of this reporting and analysis from GasBuddy.com:

Last year was a very good year for the German automaker Volkswagen, but 2012 could be even better.

Sales for Volkswagen Group's brands — including Audi, Bentley and Lamborghini — increased by 20 percent in the U.S. last year. For the Volkswagen brand itself, sales rose 26.3 percent. And if things continue to go Volkswagen's way, it could become the No. 1 carmaker in the world.

Google is "downgrading the search result ranking of the company's own Web browser, Google Chrome, for 60 days," as PC World reports, because some bloggers ending up being paid to mention Chrome during a recent ad campaign.

 

By Gretchen Frazee, Indiana Public Media

Columbus-based Cummins Incorporated and Indianapolis-based Angie’s List are two of 219 companies that have promised to create more jobs in Indiana. That’s according to the Indiana Economic Development Corporation (IEDC). But the number of job commitments is actually down from last year. IEDC officials say the companies have committed to create more than 19,000 new jobs over the next five years. That number is actually four thousand lower than last year, but spokesperson Katelyn Hancock says it’s still good news.

For the first time in more than six decades, the United States is exporting more gasoline and diesel than it imports.

To be clear, we're talking about finished petroleum products, not crude oil. The U.S. still imports about half the crude it consumes.

Refineries are touting this new export statistic — after all, gasoline and diesel are manufactured products. They say a boost in exports keeps more manufacturing jobs in the U.S. But one reason exports are increasing is that demand for gas in this country is declining.

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