Inside INdiana Business | Indiana Business News - Inside INdiana Business
  • (Image of Riverfront Lofts development courtesy of Core Redevelopment)

    A 'Home Run' Redevelopment Tour in Terre Haute

    The president of a local nonprofit focused on redeveloping the Wabash riverfront in Terre Haute says the $20 million transformation of the old American Can factory will "absolutely" attract additional investment. Riverscape's Charlie Williams says the 166-unit Riverfront Lofts project is a "home run" for the city and continues 12 years of progress in the area. Indianapolis-based Core Redevelopment is leading the renovation and will host...

  • POSCO ribbon cutting ceremony at Port of Indiana-Jeffersonville.

    Holcomb: Indiana Becoming 'Crosswaters of America'

    South Korea-based POSCO has opened its second U.S. plant at the Port of Indiana-Jeffersonville and Governor Eric Holcomb says it's another sign that Indiana is becoming the "Crosswaters of America." Holcomb adds the last three years have seen Indiana Ports record the highest shipment totals in their 56-year history. "Ports are very important to our state and to our state's success," said Holcomb.

  • CHIP plans 20 meters to take donations.

    'Street Reach' Ramps Up Indy Homelessness Efforts

    The city of Indianapolis is calling on businesses and organizations to take part in an enhanced effort to help people who are homeless and reduce panhandling downtown. Street Reach Indy, a partnership with the Coalition for Homelessness Intervention and Prevention and Downtown Indy Inc., aims to increase outreach efforts and increase access to health, transportation and job resources. CHIP has hired Tom Tuttle as Street Reach Indy manager.

  • Indy CDL Recruitment Firm Acquired

    Virginia-based workforce management firm TransForce Inc. has acquired Indianapolis-based commercial truck driver recruitment and staffing firm Driving Ambition Inc. Financial terms of the deal were not disclosed, however TransForce says the integration of Driving Ambition will begin early next year.

  • (photo courtesy American Containers)

    Plymouth Company Expanding

    The Plymouth Common Council has approved a seven-year tax abatement for American Containers Inc., which is planning to invest nearly $550,000 in facility upgrades. The company says the investment improve automation and efficiency, while helping retain more than 60 jobs at the Marshall County plant.

  • (photo courtesy Linton Mayor John Wilkes)

    Manufacturer Celebrates Opening of Linton HQ

    Linton-based ProMark Building Solutions has cut the ribbon on its new headquarters in Greene County. The commercial and residential steel roofing manufacturer has invested more than $1.5 million into the 10-acre site, which it says will create 17 jobs by 2020. 

  • Marsh to Sell Off Remaining Assets

    Indianapolis-based Marsh Supermarkets LLC has announced plans to sell its remaining intellectual property assets and alcohol beverage permits. The company, which filed for Chapter 11 bankruptcy protection in May, says it will accept bids for the assets through mid-October. 

  • The bank's new headquarters building is currently under construction in Carmel. (photo courtesy Merchants Bancorp)

    Merchants Bancorp Announces IPO

    Carmel-based Merchants Bancorp has filed a registration statement with the U.S. Securities and Exchange Commission proposing an initial public offering of the bank's stock. A potential date of the IPO has not been announced, however the parent of Merchants Bank of Indiana says it is looking to raise up to $115 million.

  • (photo courtesy of our partners at WTHR-TV)

    Production Ending at Rexnord

    Today is the final day of production at Wisconsin-based Rexnord Corp.'s (NYSE: RXN) Indianapolis plant. Dozens of employees are working their final day today, as a result of the company moving work to Mexico and laying off more than 300 employees. The company first announced plans to close the plant, which makes bearings for the automotive, industrial and agriculture sectors, in October.

  • (Image courtesy of the Indianapolis International Airport.)

    New San Francisco Flight Begins Today

    Alaska Airlines today begins nonstop daily service to San Francisco International Airport. The service is in addition to the airline's nonstop to Seattle, which began in May. When the service was first announced in March, Indy Airport Executive Director Mario Rodriguez said the move "sends a clear message about the value Alaska Airlines sees in Indianapolis," and called San Francisco a "crucial market that connects not only regions but continents."

  • BLEND Bar Earns International Honor

    BLEND Bar, founded in Indianapolis, has been named the world's Best Cigar Lounge by an international trade publication. The bourbon and cigar lounge has locations in Indianapolis, Pittsburgh and Nashville, Tennessee, and was the only U.S. finalist for the award from Cigar Journal. BLEND calls the honor "the most highly-respected accolade in the trade." The award was announced at the annual Cigar Journal Awards Ceremony in Germany.

  • Tech

    • Hoosier Economic Development Execs Among 'Digital 25'

      Two local economic development leaders in the state have been recognized nationally for their use of technology. The Digital 25 was compiled using responses to Community Systems 2017 Economic Development Technology Survey, which covered the importance of technology to respondents' jobs, how much time they spent using technology each week and what percentage of their budgets are dedicated to technology.

    • Collaboration Key to $62.5M Health Building at Ball State

      The first dean of Ball State University's College of Health says the focus on interprofessional relationships will come to define the school. Mitch Whaley's remarks came during the recent groundbreaking of the $62.5 million Health Professions Building, which will bring most of university's students in health-related fields under the same roof. Whaley says these close collaborations will benefit students, patients and employers.

    • Launch Indy to Celebrate Grand Opening

      The newest coworking space in downtown Indianapolis will Friday officially open its doors. Officials will celebrate the grand opening of Launch Indy, the 12,000-square-foot space located inside The Union 525. 

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  • Education

    • Collaboration Key to $62.5M Health Building at Ball State

      The first dean of Ball State University's College of Health says the focus on interprofessional relationships will come to define the school. Mitch Whaley's remarks came during the recent groundbreaking of the $62.5 million Health Professions Building, which will bring most of university's students in health-related fields under the same roof. Whaley says these close collaborations will benefit students, patients and employers.

    • Trine, Saint Mary-of-the-Woods Tout Higher Enrollment

      Two colleges in Indiana are reporting increased enrollment. Trine University says 2017 is the fourth consecutive year of record attendance at its main campus in Angola, education centers and global partnership campus. Saint Mary-of-the-Woods College says new student enrollment jumped 45 percent, compared to last year.

    • Lumina Supporting National 'Talent Hubs'

      The Indianapolis-based Lumina Foundation has detailed a national program that designates 17 communities as Talent Hubs. The education-focused nonprofit will provide nearly $6 million in grants to help the communities attract, retain and cultivate student talent in populations it says are critical to boosting the country's higher education attainment level. Columbus is the only Indiana community selected to participate.

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  • Manufacturing & Logistics

    • Indy CDL Recruitment Firm Acquired

      Virginia-based workforce management firm TransForce Inc. has acquired Indianapolis-based commercial truck driver recruitment and staffing firm Driving Ambition Inc. Financial terms of the deal were not disclosed, however TransForce says the integration of Driving Ambition will begin early next year.

    • A 'Home Run' Redevelopment Tour in Terre Haute

      The president of a local nonprofit focused on redeveloping the Wabash riverfront in Terre Haute says the $20 million transformation of the old American Can factory will "absolutely" attract additional investment. Riverscape's Charlie Williams says the 166-unit Riverfront Lofts project is a "home run" for the city and continues 12 years of progress in the area. Indianapolis-based Core Redevelopment is leading the renovation and will host...

    • Plymouth Company Expanding

      The Plymouth Common Council has approved a seven-year tax abatement for American Containers Inc., which is planning to invest nearly $550,000 in facility upgrades. The company says the investment improve automation and efficiency, while helping retain more than 60 jobs at the Marshall County plant.

    More
  • Life Sciences

    • Collaboration Key to $62.5M Health Building at Ball State

      The first dean of Ball State University's College of Health says the focus on interprofessional relationships will come to define the school. Mitch Whaley's remarks came during the recent groundbreaking of the $62.5 million Health Professions Building, which will bring most of university's students in health-related fields under the same roof. Whaley says these close collaborations will benefit students, patients and employers.

    • Notre Dame Leads $11.5M Malaria Research Effort

      An $11.5 million, federally-funded study on drug-resistant malaria is being led by the University of Notre Dame. The partnership with the Center for Infectious Disease Research in Seattle and the Texas Biomedical Research Institute is supported by the National Institutes of Health will focus on the genes responsible for drug resistance of the parasite that carries the disease. The researchers will examine...

    • Fail Fest Speakers Focus on Overcoming Odds, Self

      An event focusing on the role failure plays in innovation is attracting storytellers from local and international backgrounds. Fail Fest, taking place Thursday at The Union 525 in downtown Indianapolis, includes presentations from entrepreneurs and executives in industries ranging from technology to food service to public safety. Rupal Thanawala, Indiana Market Leader for Dublin-based consulting, tech services and outsourcing company Accenture, discussed...

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  • Health

    • Indiana Companies Recognized For Workplace Health

      The American Heart Association has recognized eight Indiana organizations on its Workplace Health Achievement Index. More than 800 companies throughout the country were assessed on the index, which evaluates the overall quality and comprehensiveness of a company's workplace health program.

    • Collaboration Key to $62.5M Health Building at Ball State

      The first dean of Ball State University's College of Health says the focus on interprofessional relationships will come to define the school. Mitch Whaley's remarks came during the recent groundbreaking of the $62.5 million Health Professions Building, which will bring most of university's students in health-related fields under the same roof. Whaley says these close collaborations will benefit students, patients and employers.

    • Aspire to Open to Boone County Office

      Noblesville-based Aspire Indiana will Monday celebrate the opening of its expanded facility in Lebanon. The behavioral healthcare organization says the move to the new building was necessary in order to meet the Boone County's "explosive growth over the past three years." 

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  • Ag INnovation

    • Demo Work Kicks Off at 'The Yard' in Fishers

      Site demolition is underway at what will become The Yard, a $40 million food and entertainment district in Fishers. Plans call for up to 14 restaurants, a culinary accelerator, central gathering space and a hotel. During an interview last month with Inside INdiana Business, Mayor Scott Fadness discussed how the development can help attract business. Thompson Thrift Retail Group in Indianapolis says it is tearing down 21 homes in the former Springdale Estates neighborhood to make way.

    • Fair Oaks Co-Founder Among 'Awesome Women'

      Fair Oaks Farms in northwest Indiana and Chicago-based fairlife LLC co-founder Sue McCloskey is being recognized by a national publication. Good Housekeeping has named McCloskey one of its Awesome Women Award winners. The honor, the publication says, goes to "creators, visionaries, helpers and trailblazers." This year's recipients also include Spanx founder Sara Blakely, TriBeCa film festival co-founder Jane Rosenthal and actress and entertainer Whoopi Goldberg.

    • DowDuPont Details Post-Merger 'Targeted Adjustments'

      The newly-merged DowDuPont (NYSE: DWDP) has detailed several changes to two of the three planned spin-out companies that will emerge from the $130 billion combination. The agriculture-focused spin-out, which will be headquartered in Delaware and have a global business center at the current Dow AgroSciences LLC HQ in Indianapolis, is not expected to be affected by what the company calls "targeted adjustments."

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  • 180 Solutions Names Analyst

    Courtney Blackwell has joined Greenwood-based 180 Solutions LLC as a senior telecom analyst. She previously served as customer care manager at Level 3 Communications.

  • Norton Leaving DePauw to Start Consulting Practice

    Melanie Norton is leaving DePauw University to establish an independent philanthropic consulting practice, Norton Philanthropic Counsel. She is vice president for development and alumni engagement. Norton, who returned to DePauw four years ago after a previous stint, has served the university a total of eight years. DePauw is launching a search for an interim vice president.

  • YOC Promotes Helm to CIO

    Muncie-based Youth Opportunity Center Inc. has promoted Jeff Helm to chief information officer. He has been with the organization for 15 years, most recently serving as director of information technology & facilities for the past nine years. In this newly-created role, Helm will help achieve organizational goals in two primary ways. He will oversee and ensure all information and communication systems are secure and reliable.

  • Levingston Joins Park Staff

    Sampson Levingston has joined the White River State Park Development Commission as marketing and social media manager. He previously worked at Midwest Communications in Terre Haute and volunteered for Special Olympics. Levingston also helped coach at the Mike Sanford Football Camp and worked as a mentor to youth in Terre Haute.

  • PERQ Names Yasin VP of Marketing

    PERQ has promoted Muhammad Yasin to vice president of marketing. He joined the tech firm as director of marketing & demand generation in 2013. Yasin previously served as director of marketing at BizProps and marketing director at HCC Medical Insurance Services.

  • Telamon Makes Promotions

    Carmel-based Telamon has promoted Tom Puza to president. He most recently served as executive vice president of Business Development of the company's Industrial Solutions division. Also, Wayne Claridge has been promoted to EVP of global operations. He most recently served as president of industrial solutions.

  • Tranbarger Named Director at Brownsburg Parks

    The Brownsburg Park Board has promoted Travis Tranbarger to director of Brownsburg Parks. He had served as interim director since August 17. Tranbarger has been with the park for seven years. He served as assistant director for four years and as recreation superintendent for three years. Before joining Brownsburg Parks, Tranbarger worked at Indy Parks' Brookside Park for four years, first as assistant park manager before moving up to park manager.

  • The Farmers Bank Makes Promotions

    The Farmers Bank has promoted Brian Carroll to vice president/senior commercial lender. He has been with the bank since 2015. Carroll has more than 32 years of banking experience. He spent more than 19 years managing a commercial lending group in Indianapolis. Also, Kim Compton has been promoted to senior vice president of technology/operations. She has been with the bank since last year.

  • CSM Sport & Entertainment Appoints Senior VP

    CSM Sport & Entertainment has appointed Sean Downes senior vice president of business development. He previously served as chief executive officer of Medallion Sports Properties, where they served as the primary sponsorship arm for Richard Petty Motorsports. Downes was at NASCAR in various senior roles including managing director of business development and director of partnership marketing.

  • City of Westfield Adds to Team

    Jaclyn Heinz has joined the city of Westfield as digital marketing coordinator. She previously served as recruitment and communications associate for Purdue Bands & Orchestras. Heinz is a graduate of Purdue with a bachelor's degree in Visual Communications Design.

  • Purdue Names Chancellor For Fort Wayne Campus

    Purdue University has identified the next chancellor for IPFW. Ronald Elsenbaumer is a Purdue alumnus, who currently serves as a special advisor to the president at the University of Texas at Arlington. He will succeed Vicki Carwein, who has led IPFW since 2012 and previously announced plans to retire by the end of the year. Purdue tells Inside INdiana Business Carwein will continue serving as chancellor until Elsenbaumer takes the helm November 1.

  • Top Videos

    • 'Street Reach' Ramps Up Indy Homelessness Efforts

      The city of Indianapolis is calling on businesses and organizations to take part in an enhanced effort to address homelessness and panhandling downtown. Street Reach Indy, a partnership with the Coalition for Homelessness Intervention and Prevention and Downtown Indy Inc., aims to increase outreach efforts and access to health, transportation and job resources.

    • Holcomb: Indiana Becoming ‘Crosswaters of America’

      After South Korea-based POSCO opened its second U.S. plant at the Port of Indiana-Jeffersonville last week, Governor Eric Holcomb says Indiana is becoming the "Crosswaters of America."

      According to Holcomb, the last three years have seen the Indiana Ports record their highest shipment totals in their 56-year history.

    • Jasper's Fueling a City of Headquarters

      The city of Jasper is on a roll…to the tune of $215 million in economic development projects. Mayor Terry Seitz talks about how a city of headquarters is also developing a first of its kind cultural center.

    • SHAK Makerspace Sets Up Shop in Downtown Kokomo

      A makerspace has moved into a highly visible location in downtown Kokomo in search of more innovation and entrepreneurship. Leadership from the SHAK Makerspace and Kokomo Mayor Greg Goodnight discuss the potential impact. 

    • EnerDel's Resurgence

      A lithium-ion battery manufacturer is on the comeback trail after a high profile bankruptcy. EnerDel President Mike Canada shares how the company recovered from a near fatal blow and is now growing.

    • Colts Commit to Grand Park for 10 Years

      The Indianapolis Colts and the city of Westfield recently cut a deal that will bring the team’s training camp to Grand Park for the next decade. In Inside Indiana Sports, Bill Benner talks about the deal and additional growth with Mayor Andy Cook.

    More
  • Web Exclusive

    • WEB EXCLUSIVE: 1-on-1 With 'The Big O'

      Inside INdiana Business talks to Oscar Robertson after being selected as one of 16 sports legends that will be immortalized in a life-size bronze statue at the Children's Museum of Indianapolis' Sports Legends Experience opening in the spring. "The Big O" also discusses growing up in Indianapolis and some of his Crispus Attucks High School teammates who made history in 1955 as the first all-black high school in the country to win a state title.

    • WEB EXCLUSIVE: Tamika Catchings Talks 'Sports Legend' Honor, Love For Indy

      Former Indiana Fever star Tamika Catchings will forever be remembered for her exceptional accolades on the hardwood, and in the community. The 10-time WNBA All-Star talks to Inside INdiana Business about being honored as one of 16 sports legends that will be immortalized in a series of bronze statues at the Children's Museum of Indianapolis' Sports Legends Experience set to open in the spring. Catchings also opens up about her love of Indianapolis.

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Stocks

  • Perspectives

    • How Leaders Can Encourage Organizational Collaboration

      The open office floor plan has become very popular over the past decade, and it really does encourage collaboration among employees. It's also taught people how to hide in the wide open by focusing in on their own space to hold onto some privacy and focus. Those who have worked in a busy office know that you adapt by...

    More

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  • Most Popular Stories

    • Indiana Companies Recognized For Workplace Health

      The American Heart Association has recognized eight Indiana organizations on its Workplace Health Achievement Index. More than 800 companies throughout the country were assessed on the index, which evaluates the overall quality and comprehensiveness of a company's workplace health program.

    • Trump to Visit State Fairgrounds

      President Donald Trump will Wednesday make a stop at the Indiana State Fairgrounds. Our partners at WTHR-TV report the president will speak to supporters about tax reform, just days after Vice President Mike Pence did the same during a visit to Anderson. 

    • Hoosier Economic Development Execs Among 'Digital 25'

      Two local economic development leaders in the state have been recognized nationally for their use of technology. The Digital 25 was compiled using responses to Community Systems 2017 Economic Development Technology Survey, which covered the importance of technology to respondents' jobs, how much time they spent using technology each week and what percentage of their budgets are dedicated to technology.

    • Manufacturer to Lay Off 70 in Brownsburg

      A manufacturer of aftermarket motorcycle performance parts has announced plans to halt operations at its Brownsburg facility. In a notice to the state, California-based Vance & Hines Performance LLC says the decision will result in the layoffs of 70 employees. 

    • New San Francisco Flight Begins Today

      Alaska Airlines today begins nonstop daily service to San Francisco International Airport. The service is in addition to the airline's nonstop to Seattle, which began in May. When the service was first announced in March, Indy Airport Executive Director Mario Rodriguez said the move "sends a clear message about the value Alaska Airlines sees in Indianapolis," and called San Francisco a "crucial market that connects not only regions but continents."