Six spec buildings proposed for western Hancock County

Six more spec buildings have been proposed for the western part of Hancock County.

Carmel-based Lauth Property Group is looking to develop four properties near its 280,000-square foot building underway at County Roads 700 W and 350N.

Red Rock Investment Partners, LLC of Charlotte, North Carolina, wants to develop two spec buildings on about 46 acres west of 700W and north of 200N.

Read the full article from the Greenfield Daily Reporter here.

 


COVID-19 Hancock County Business Community Updates

May 28, 2020

Attention:

Indiana Department of Workforce Development updates. DWD is currently serving an unprecedented number of claimants during the COVID-19 pandemic. In an effort to maintain the integrity of their system, DWD is requesting employers review the following resources to understand the appropriate way to report claimant information to the Department:

Protests and Appeals

Newly Hired and Re-Hired Reporting https://in-newhire.com/

This includes individuals who

  • Have not previously been employed by the employer; and
  • Were previously employed by the employer, but have been separated for at least 60 consecutive days.

May 26, 2020

Updates:

Have you wondered what’s open and what’s closed?

5 stages to get Indiana Back on Track: https://backontrack.in.gov/2348.htm

May 19, 2020

Updates:

Free PPE Marketplace for Businesses, The Indiana Economic Development Council recently launched a free PPE marketplace for businesses with fewer than 150 employees. Businesses can get more information and apply to get free PPE through the links below.

More information found here: https://backontrack.in.gov/ppemarketplace.htm

Link to apply here: https://appengine.egov.com/apps/in/ppemarketplace-phase3

May 13, 2020

Updates:

Hoosiers By The Numbers, your premier source for labor market information for Indiana. Coronavirus (COVID-19) LINK , this page compiles some of the most useful data available to understand the size, scale and scope of the COVID-19 pandemic.

May 4, 2020

Updates:

Information about the new statewide policies and how they will apply to different industries during the next phase of Indiana’s reopening can be found online at: Back On Track Indiana Link

Quick link to:

  • Industry Guidelines Link
  • Suggested Manufacturing and Industrial Guidelines Link

Businesses with questions about how the governor’s latest announcement applies to them can email covidresponse@iedc.in.gov or call 877-820-0890.

HEDC is here for you! If you have any questions, please call or email and we’ll do our best to get your answer. 317.477.7241 / cschmidt@hancockedc.com

April 15, 2020

Updates:

Healthy 365 News You Can Use from Hancock Health: A lot of new information as it relates to your health or the health of your employees. Follow this LINK for agency updates.

RestoreYourEconomy is your resource for up-to-date information related to COVID-19 and its economic impacts. It is managed by the International Economic Development Council (IEDC) with generous support from the U.S. Economic Development Administration and IEDC’s Economic Development Research Partners program. LINK

April 13, 2020

Updates and News to assist small business:

Salesforce Care: Supporting Small Businesses Through COVID-19 Recovery – BY MEREDITH SCHMIDT, EVP AND GM OF ESSENTIALS AND SMB. Salesforce will be offering Salesforce Care Small Business Grants of $10,000 to provide capital to help keep businesses afloat. Links to: ARTICLE and RESOURCES

April 9, 2020

Updates:

Small businesses: there are additional resources for you. Through the Indy Chamber (you do not have to be a member) there is a regional fund that includes the nine counties surrounding Marion County–that includes Hancock County. Currently there is up to $6,000,000.00 in capital. Please go to: https://www.response.indychamber.com/ for more information.

Rapid Response Loan Fund: Indy Chamber’s Business Ownership Initiative (BOI) offers Rapid Response Loans from $1,000-$25,000 for businesses affected by the COVID-19 pandemic. BOI is currently providing loans only to businesses who have been impacted by the COVID-19 pandemic. Consider using a Rapid Response Loan to pay employee salaries for the next several weeks, to pay insurance premiums, or consider using it as a bridge loan until additional funding kicks in from your bank or the SBA. Rapid Response Intake Form

Additionally, U.S. Senator Todd Young has on his website Coronavirus Assistance Toolkit. Now that the CARES Act has been signed into law, immediate relief is on the way to Hoosiers. To help navigate the CARES Act, and the relief it will provide, Senator Young’s office created a comprehensive toolkit to help individuals, small businesses, health care workers, and patients understand the relief measures that are available. Please go to: https://www.young.senate.gov/newsroom/press-releases/coronavirus

Make sure you are talking with your banker.

April 3, 2020

Updates:

Paycheck Protection Program (PPP) Information Sheet: https://home.treasury.gov/system/files/136/PPP%20Borrower%20Information%20Fact%20Sheet.pdf

Small Business Paycheck Protection Program: https://home.treasury.gov/system/files/136/PPP%20–%20Overview.pdf

Small Business Guidance & Loan Resources: https://www.sba.gov/page/coronavirus-covid-19-smal…

April 1, 2020

Updates:

COVID-19 Response Program now open

The COVID-19 Response Program webinar hosted by the Office of Community and Rural Affairs is available for you to view: The new COVID-19 Response Program page contains:

  • a copy of the PowerPoint used during the webinar;
  • webinar recording;
  • program components and information.

If you have any questions related to this program, please email info@ocra.in.gov or contact our East Central liaison Christian Chamberlain, (317) 416-3281 ChChamberlain@ocra.IN.gov.

March 30, 2020 – 4:00 p.m.

Updates:

U.S. Senator Todd Young Releases Coronavirus Assistance Toolkit

INDIANAPOLIS, Ind. – U.S. Senator Todd Young (R-Ind.) today released a comprehensive toolkit to help Hoosiers navigate the resources available in the Senate’s coronavirus emergency relief package that was signed into law yesterday, known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

SBA – US Small Business Administration

Coronavirus (COVID-19): Small Business Guidance & Loan Resources –  New and updated information (March 30, 2020)

March 30, 2020

Updates:

March 27, 2020

Updates:

Indiana Small Business Development Center (ISBDC.ORG)

The Indiana SBDC Small Business COVID-19 Resource Guide is available for download here.

The Indiana SBDC is here to support you. If you have any questions and would like to speak to an Indiana SBDC business advisor, please visit the Central ISBDC page for contact information.

Indiana Office of Community and Rural Affairs (OCRA)

The Office of Community and Rural Affairs is in on-going communication with Governor Holcomb and Lt. Governor Suzanne Crouch as well as the Indiana State Department of Health. Everyone is closely monitoring and receiving real-time information on this rapidly evolving situation. For immediate and up-to-date information on Coronavirus in Indiana, please visit in.gov/coronavirus. The Centers for Disease Control and Prevention has issues guidelines on how to stay safe and what to do if you’re sick, visit cdc.gov.

For Businesses

For business-related questions about COVID-19:

***

March 25, 2020

RE: Updates from HEDC and our partners.

Hancock Economic Development Council (HEDC) is committed to being available to serve you in whatever way we can during this trying time for our community and our world.  We know that our local retail and restaurant establishments have suffered dramatic declines in sales and our manufacturing sector employers are virtually shut down as we all attempt to comply with Governor Holcomb’s executive order to Stay At Home. While we at HEDC are likewise abiding by our state and local leaderships’ directives to stay at home, we are still working diligently to fulfill HEDC’s mission to be both an advocate and a resource for the growth and stability of our local economy.

RESOURCES:

Indiana Economic Development Corporation (IEDC):

IEDC offers critical industries hotline to field industry questions about Governor Eric J. Holcomb’s Executive Order 20-08, which provides for essential and non-essential business operations, infrastructure and government functions while the state observes a stay-at-home order from March 25-April 7.

  • The Critical Industries Hotline will be open Tuesday, March 24 at 9:00 am to help guide businesses and industries with the executive order.
  • This center, reachable by calling 877-820-0890 or by emailing covidresponse@iedc.in.gov, is for business and industry questions only.

IEDC—COVID-19 Updates & Resources https://www.iedc.in.gov/response

Indiana Department of Workforce Development: DWD will host two live webinars for Hoosiers impacted by the COVID-19 crisis. The 30-minute live programs will be held at 10:30 a.m. on Tuesday, March 24, and at 3 p.m. on Wednesday, March 25. Register HERE. Once recorded, the program will then be posted HERE.

Gener8tor Emergency Response webinar series: register by 3/25 for a free one-week series of daily lunchtime programs designed to identify, understand, and help small businesses secure resources to withstand the current crisis. Registration HERE.

SBA Economic Injury Disaster Loans: with COVID-19 impacting the operation of Hoosier businesses, Gov. Holcomb recently announced small businesses are eligible for financial assistance under a disaster designation by the U.S. Small Business Administration. To apply for loans or receive more information about the Economic Injury Disaster Loan program, visit SBA.gov/disaster.

Employment Resources from WorkOne Region 5


Hotline opens March 24 to help business and industry with Stay-at-Home Order

SOURCE: News release from the Office of Indiana Governor Eric J. Holcomb

Indiana will open a call center to field industry questions about Governor Eric J. Holcomb’s Executive Order 20-08, which provides for essential and non-essential business operations, infrastructure and government functions while the state observes a stay-at-home order from March 25-April 7.

The Critical Industries Hotline will open Tuesday at 9 a.m. to help guide businesses and industries with the executive order.

This center, reachable by calling 877-820-0890 or by emailing covidresponse@iedc.in.gov, is for business and industry questions only.

Please read Gov. Holcomb’s executive order and this FAQ page to clarify restrictions and acceptable activities and services under Monday’s Executive Order.

All of Gov. Holcomb’s Executive Orders can found here.


A message from the Indiana District Office, U.S. Small Business Administration

Thanks to the hard work of our State partners, Indiana is the first in the region to be designated as an eligible area for SBA Economic Injury Disaster Loan assistance for COVID-19. Please share the below information with your small businesses and encourage them to apply AS SOON AS POSSIBLE. As more information becomes available, we will deliver through our subscriber network and post via Twitter @SBA_Indiana.

For detailed information on SBA programs for the coronavirus, visit www.sba.gov/coronavirus and for information on all federal programs, visit www.usa.gov/coronavirus or www.gobierno.usa.gov/coronavirus (en Español). Continue reading…


An Open Letter to Hancock County Residents from Hancock Health

An Open Letter to Hancock County Residents from Hancock HealthHancock Health

Covid-19 is the new norm in America, in Indiana, and in Hancock County.  Though there has not yet been a confirmed case of the disease for a Hancock County resident, at least one person who works in our county but lives elsewhere has been diagnosed and is recovering at home.  It is very likely that there are many, many more individuals in our county who have been infected with Covid-19 and are experiencing mild symptoms but may never be officially diagnosed.  These individuals likely think they are experiencing a bad cold or mild form of respiratory flu (which is common this year).  In fact, these individuals are carriers of a highly infectious disease, that is known to be deadly for the elderly and those with underlying health conditions, and may unknowingly be sowing the seeds of our own piece of the global pandemic.

While we have an exceptional hospital in our county and have easy access to the larger health systems in Indianapolis, you may not know that the majority of healthcare is provided in an outpatient environment (70% of Hancock Health services are outpatient) and we all operate near capacity for our inpatient units with very little wiggle room even for the impacts of the seasonal flu.  While we have surge plans in place, our hospitals will be quickly overwhelmed should Covid-19 spread unchecked. Continue reading…


Indiana Launches New Export Assistance Program, Increasing Resources for Small Businesses

INDIANAPOLIS – Today, the Indiana Economic Development Corporation (IEDC) launched the Indiana State Trade and Export Promotion (IN-STEP) program to develop and expand export opportunities throughout the state, assisting Indiana small businesses with identifying, marketing and selling Hoosier-made goods in international markets.

“To remain competitive in today’s rapidly-evolving economy, state leaders are committed to ensuring that Indiana’s businesses and its people are able to connect to global markets,” said Indiana Secretary of Commerce Jim Schellinger. “The IN-STEP program will open up new opportunities for small businesses to elevate their goods in the international marketplace, and in turn, position their business and our state for success on the global stage.”

IN-STEP, which will support company growth and job creation by diversifying small businesses’ customer bases, offers eligible companies reimbursements of costs associated with export-related activities like participating in international trade missions, foreign trade shows and export educational programs, as well as other export services provided by the U.S. Department of Commerce. Total reimbursements under IN-STEP cover up to 50%, or $12,500, of small businesses’ export expenses.

The program, which is launching with the support of a two-year grant from the U.S. Small Business Administration (SBA), will provide up to $660,000 in funding for small businesses. Applications will be available on a rolling basis until all funds are distributed or up to August 31, 2021.

Qualifying criteria is as follows:

  • The business must be in operation for at least a year.
  • The business must be new to exporting or market expansion.
  • The business must be an Indiana Small Business Development Center (Indiana SBDC) client.
  • The business must be in accordance with SBA size standards, which categorize small businesses based on measures like industry, number of employees and annual receipts. Use the SBA’s Size Standards Tool to see if your company qualifies.
  • The business’ goods must be made in the U.S. or composed of at least 51% U.S. material.

“IN-STEP is an incredible tool for Indiana small businesses,” said SBA Indiana District Director Stacey Poynter. “With 95% of the world’s consumers located outside of the United States, the IN-STEP program supports the American Dream of small business ownership by expanding resources available for entrepreneurs to sell their Hoosier-made products and services around the world.”

IN-STEP will support and further the current export assistance available to small businesses through the Indiana SBDC, which provides expert guidance and resources to help companies create export plans designed to drive growth and position their business in the global marketplace. Additionally, the IEDC, in conjunction with the Indiana SBDC and SBA’s Indiana District office, will host a statewide event series to promote and encourage small businesses to apply for the program.

According to the U.S. Census Bureau, Indiana ranks in the top 15 exporting states, with businesses shipping products and goods such as automotive parts, pharmaceuticals and agricultural commodities to global customers. To build on this momentum, and increase Indiana’s competitiveness in the global economy, the state is committed to supporting initiatives like IN-STEP to ensure its businesses and people are connected to international markets. Additionally, the Indiana Global Economic Summit will convene global thought leaders, decision makers and trailblazers in Indianapolis on April 26-28 to share best practices and advance conversations on important topics like exporting.

Click here for more information about the IN-STEP program and its eligibility criteria and application process. Contact IEDCTrade@iedc.in.gov for additional questions.

About IEDC
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.  


2019: Indiana Businesses Plan 27,000+ New Hoosier Jobs with Record-High Average Wages

INDIANAPOLIS  – Today, Governor Eric J. Holcomb announced the end of a third consecutive, record-breaking year for economic development in Indiana, with the Indiana Economic Development Corporation (IEDC) securing 296 commitments from companies to locate or grow in the state. Together, these businesses plan to invest more than $8.44 billion in their Indiana operations and create up to 27,137 new Hoosier jobs with average wages of $28.60/hour – marking the highest annual records for capital investment and average wages since the IEDC was established in 2005.

“I’m excited to announce yet another record-breaking year for economic development in Indiana as we work every day to ensure that Hoosiers have the best place possible to live, work and play,” Gov. Holcomb said. “As a state, we have worked tirelessly to create a nationally ranked, pro-growth business climate, and the results have solidified Indiana’s reputation as a global destination for business, creating high-quality career opportunities for Hoosiers in the process.”

These 27,137 new positions are expected to offer average wages of $28.60/hour, or nearly $59,500 annually, which is above the U.S. average wage and 21% higher than the state’s average wage of $23.01/hour (BLS, 2018). Moreover, of the 296 commitments made, 216 have committed average wages at or above the county average wage, and 56 are between 80-99% of the county average wage.

Businesses announcing the largest growth commitments, based on the number of new jobs or capital investment planned, in 2019 were:

Growth Trends: 

  • NEW TO INDIANA: The IEDC, in partnership with local communities, secured 80 commitments from businesses in 2019 to establish new operations in Indiana. Of these, 18 were new companies committing to locate startup operations in Indiana, and 62 were companies already established and headquartered elsewhere in the U.S. or around the world; together, they plan to invest $2.04 billion and create up to 9,141 new jobs in Indiana.Commitments include: Arizona Isotopes (Arizona-based, Miami County), Energizer Holdings Inc. (Missouri-based, Johnson County), Great Lakes Lamination (startup, Elkhart County), Grinds (California-based, Hamilton County), LifeNet Health (Virginia-based, Hendricks County), PerceptIn (California-based, Hamilton County), Sequel Wire and Cable Company (startup, Marshall County), Sims Bark Co. (Alabama-based, Jackson County), and Opus Packaging (Michigan-based, Boone County).
  • FOREIGN DIRECT INVESTMENT: Indiana is home to more than 1,030 foreign-owned business establishments that together support 203,000 Hoosier jobs – a number that continues to grow. In 2019, 38 foreign-owned businesses headquartered in 17 countries and territories committed to locating or growing in Indiana. Together, these firms plan to invest $3.1 billion in Indiana and create up to 6,022 new jobs, accounting for 22% of the total new jobs committed in 2019.Commitments include: BraunAbility (Sweden, Hamilton County), Cormo USA (Switzerland, Rush County), DOT America (Germany, Whitley County), Greenleaf Foods, SPC (Canada, Shelby County), Indiana Wheel Corporation (China, Marshall County), Ingram Micro Services (China, Hendricks County), Magna Powertrain (Canada, Delaware County), Marbach America (Germany, LaPorte County), Multimatic (Canada, Allen County), OSR Inc. (Japan, Bartholomew County), Saab (Sweden, Tippecanoe County), SDI LaFarga (Spain, Allen County), Sullair (Japan, LaPorte County), and Yamaha Marine Precision Propellers (Japan, Hancock County).
  • LIFE SCIENCES: In 2019, the IEDC secured 43 commitments (+60% from 2018) from life sciences companies to locate or expand in Indiana. Together, these businesses plan to invest more than $968 million (+89% from 2018) and create up to 3,631 new jobs (+94% from 2018) in Indiana.Commitments include: Abbott (Hamilton County), Catalent (Monroe County), Expert RN|MD (Marion County), Hill-Rom Services (Ripley County), LifeNet Health (Hendricks County), Mach Medical (Whitley County), Micropulse Inc. (Whitley County), Nexxt Spine (Hamilton County), and PharmaCord (Clark County).
  • MANUFACTURING: This year, 160 manufacturers committed to investing more than $5.3 billion to grow their operations here and create up to 14,433 new Hoosier jobs with average salaries above the state’s average wage. These job commitments, which account for 61% of the total 27,137 new jobs committed in 2019, represent growth plans across a number of manufacturing sub-sectors, such as automotive and RV, steel, food and beverage, hardwoods and machinery.Commitments include: Allison Transmission (Marion County), Auto Truck Group (Allen County), Cummins Inc. (Bartholomew County), Common Collabs (Starke County), Creative Works (Morgan County), Franke Plating Works (Allen County), GCI Slingers (Boone County), LightUpToys.com (Clark County), Magna Powertrain (Delaware County), Poynter Sheet Metal (Johnson County), SDI LaFarga (Allen County), and SoChatti (Marion County).
  • TECHNOLOGY: In 2019, 44 tech and tech-enabled firms committed to growing in Indiana, planning to create up to 3,851 new jobs (accounting for nearly 15% of the total jobs committed) with average annual wages exceeding $76,000 for new positions.Commitments include: ActiveCampaign (Marion County), Accutech Systems (Delaware County), Anvl (Hamilton County), LHP Engineering Solutions (Bartholomew County), MetaCX (Marion County), and Zotec Partners (Hamilton County).
  • SMALL BUSINESS: Along with these 27,137 committed jobs, the IEDC also works to support entrepreneurs and small businesses through the Indiana Small Business Development Center (SBDC) and Indiana Procurement Technical Assistance Center (PTAC). In 2019, the Indiana SBDC assisted in 406 new business starts and in the creation of 4,360 new jobs. Additionally, the Indiana PTAC registered 312 new clients and helped secure more than $162 million in federal government contracts that allowed businesses to grow and create 433 new jobs for Hoosiers.

IEDC incentives offered for these 296 commitments are conditional, meaning a company must create new jobs or provide workforce training in order to be eligible to receive incentives, and are based on new payroll for Hoosiers in order to protect taxpayer money while simultaneously attracting high-wage jobs and new investment to the state. The IEDC offered an average incentive of $0.21/new payroll dollar committed in 2019.

About IEDC
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov