IBJ.com
A Colorado-based solar panel manufacturer will get federal help to take over the empty Getrag plant on U.S. 31 near Kokomo, creating as many as 850 jobs in the next three years and establishing what it says will be the largest such facility in the United States.
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Autoblog
Chrysler has announced that it will begin fitting an eight-speed transmission to select models for the 2013 model year. The ZF Group-sourced slushbox will be built at Team Pentastar’s Kokomo, Indiana transmission plant thanks to a $300 million investment by the parent company. That cash commitment secures the 1,200 jobs currently working at the plant.
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Ivy Tech
(INDIANAPOLIS – June 2, 2010) – Ivy Tech Community College is proud to announce a new green technology training curriculum. Beginning this month, Ivy Tech will offer highly respected and sought after sustainability courses, including LEED Green Associate, BPI Building Analyst, and BPI Envelope-Shell training.
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Kokomo Perspective
Congressman Joe Donnelly continued his all-American energy jobs tour at Green Alternatives, Inc. in Kokomo. Yesterday and today, Donnelly is touring five Hoosier businesses and talking about three pieces of legislation focused on developing an all-American energy plan that will bolster our economy.
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InsideINdianaBusiness.com Report
The state is making a push to land more wind energy companies. Officials with the Indiana Economic Development Corporation, Office of Energy Development, along with executives and educators, will attend the world’s largest wind conference next week. Windpower 2010 is being held in Dallas and is expected to attract more than 1,300 exhibitors and 23,000 industry leaders. State officials say they are planning one-on-one meetings with some of the companies in an effort to promote the state’s wind energy sector.
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IBJ.com
Duke Energy has signed the agreement to formalize the $204 million in economic stimulus funds it will receive from the federal government, the power provider said Thursday. Read More
InsideINdianaBusiness.com Report
Carbon Motors has completed the conceptual plans for its manufacturing headquarters in Connersville. Initial estimates for operating costs on the 56 year old building have been as high as $14 million a year. The police car manufacturer is hoping modifications to the former Visteon plant will drastically reduce those costs. Officials are also hoping for a LEED Certification for the building.
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FavStocks
GM will invest $400 million at its plant in Tonawanda, New York; $235 million at St. Catharines, Ontario; $115 million at Defiance, Ohio; $111 million at Bedford, Indiana; and $32 million at Bay City, Michigan.
The spending, which has been in the works for a long time, will help GM meet government fuel economy standards that become fully effective in 2016. Read More
InsideINdianaBusiness.com Report
Indianapolis Mayor Greg Ballard will unveil more details today for a $10 million federal grant that will be targeted for a major weatherization and energy efficiency project. The initiative involves a 470 square block area that includes the near east side of Indianapolis. Homes, businesses, schools and churches will be eligible for grants and loans in a project that includes a connection to the city hosting the 2012 Super Bowl. Some of the funding will go toward a similar initiative in the city of Lafayette.
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InsideINdianaBusiness.com Report
Economic development officials in Tipton County are taking steps to attract a solar panel manufacturing company to the abandoned Getrag Transmission plant. County officials have approved a $330,000 tax break for the owners of the site and a another vote is planned for a $13 million incentive. The Kokomo Tribune reports an undisclosed company is interested in the plant and could bring up to 850 jobs
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