The Herald Bulletin

Morning Update

Local Business

December 28, 2013

Top business stories of 2013

ANDERSON -- The condition of Anderson's business climate continued to dominate local news in 2013.

Here's a look back at the year's top Madison County stories.

1. Changes in local health care

The role of navigator was created across America, including Anderson, to help guide residents through the Affordable Care Act and the Health Insurance Marketplace. Earlier in the year, St. Vincent Health network and the announced job layoffs, affecting local hospitals. The cuts - blamed partially on on the ACA and Medicaid reimbursement, were not to affect patient care. And, though perhaps not related, for the second year in a row, Madison County came in dead last statewide in terms of smoking, obesity and physical activity rates.

2. Activity in auto industry

As the year started, Greenville Technology Inc., opened a new 150,000 square foot plant to manufacture plastic components for Honda. In March, Hy-Pro Filtration (moving from Fishers) said it would give local folks first crack at more than 100 jobs it planned to bring to the county for assembly and warehouse of its oil and diesel fuel products. In June, Keihin North American opened its facility to manufacture vehicle parts. The news of auto industry-related jobs was welcomed by job-seeking residents.

3. Centaur buys Indiana Grand

In a sharp business move, Centaur Holdings, LLC emerged from a bankruptcy to add Shelbyville's bankrupt Indiana Grand and Downs to its stable for $500 million. Along with Hoosier Park, the company's payroll jumped to about 2,000 workers. The purchase, however, meant Centaur split racing between the sites: thoroughbreds went to Shelbvyille and Anderson kept standardbreds. In addition, Hoosier Park expanded facilities and doubled the size of its indoor concert venue.

4. Biofuel fraud scheme alleged

Middletown was home of what U.S. Attorney Joe Hogsett called the largest tax and securities fraud in Indiana history. Owners of a biodiesel producer firm based in Middletown conspired against investors and consumers, Hogsett charged in September. About 35 million gallons of biofuels were allegedly fraudulently sold, creating more than $50 million in profits for owners of Imperial Petroleum, based in Evansville, and E-Biofuels of Middletown. Seven people and three companies were charged.

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