News

Name Change Has ‘Competitive Connotation’

An Indiana economic development organization has announced a name change. Montgomery County Economic Development is now Indiana West Advantage Inc. President Jeff Birk says the new branding positions the organization and community “more effectively” in a competitive marketplace.  

Kokomo Site Selected for Duke Energy Economic Development Program

An industrial park in Howard County may soon become a reality! A 700-acre parcel of land north of Kokomo on the new US 31 has been selected  to participate in Duke Energy’s Site Readiness Program. This program is a key component of Duke Energy’s economic development model, partnering with site-selection consultant McCallum Sweeney Consulting to identify, evaluate, and improve sites in the company’s service territory for potential industrial development. The Howard County site was one of four locations chosen in Indiana. Locations are also eligible for a $10,000 award to assist with implementing the consultant’s recommendations. The Alliance has spearheaded this project, with initial consideration documents due next week and a final consideration announcement from the site consultants expected September 14.  For more information on the program in Indiana, visit www.locationindiana.com.

BASi Returns to Q2 Profit

West Lafayette-based Bioanalytical Systems Inc. (Nasdaq: BASI) has announced a fiscal second quarter net income of more than $150,000, compared to a loss of $219,000 during the same quarter last year. Chief Executive Officer Jacqueline Lemke says the pharmaceutical development company has “intensified” its business recruitment efforts.