• (Image courtesy of Endocyte)

    $2.1B Endocyte Deal a Record-Breaker

    A veteran of Indiana's life sciences industry says the proposed blockbuster sale of West Lafayette-based Endocyte Inc. (Nasdaq: ECYT) is good for the ecosystem in the state. Switzerland-based Novartis AG has signed an agreement to acquire Endocyte for $2.1 billion, which BioCrossroads Project Director Brian Stemme says is "by far" the largest-ever acquisition of an Indiana life sciences company. The deal still faces regulatory and shareholder hurdles.

  • (Image of Christel DeHaan [pictured left] courtesy of Christel House International.)

    Christel DeHaan to Retire as Christel House CEO

    One of the biggest names in philanthropy in Indiana is announcing her retirement. Christel House International Chief Executive Officer Christel DeHaan will remain board chair, but leave as CEO of the nonprofit she founded 20 years ago. The organization has named former Indianapolis Mayor Bart Peterson to be her successor. CHI's mission is to lift children out of poverty, and it has established learning centers at home in Indianapolis and abroad in Mexico, India, South Africa and...

  • The GE Aviation Lafayette Engine operation opened in 2015.

    GE Aviation Plant Leader Updates Progress

    Three years after opening, the GE Aviation Lafayette Engine Facility is realizing some of its lofty ambitions. During an interview on a special Greater Lafayette town hall edition of Inside INdiana Business with Gerry Dick, new Plant Leader Renato Vidal says nearly 200 will be employed at the plant by the end of the year. The company expected to add 200 jobs by 2020 when ground on the $110 million operation was broken in 2014, a target that grew to 230 shortly after opening.

  • Bill to Fix Tax Issue For Trailer and Camper Dealers

    U.S. Senator Joe Donnelly (D-IN) has introduced a bill designed to fix what he calls a mistake in the 2017 McConnell-Ryan tax bill that has led to an adverse effect on RV trailer and camper dealers. Donnelly says the tax bill "significantly reduced" a tax deduction for dealers, which has led to higher inventory financing costs.

  • Great American Songbook Foundation to Sell Asherwood

    The Carmel estate known as Asherwood is in the process of being sold by the Great American Songbook Foundation. The 107 acre estate was donated to the Foundation in January by Bren Simon in support of the their music education and historic preservation programs.  The Asherwood estate features a fully-furnished 50,000-square-foot main house, 8,000-square-foot clubhouse, a 6,000-square-foot guest house, and two golf courses. An auction of antique furniture, artwork and other ...

  • (Image courtesy of The Nashville House.)

    'Heartbreaking' End For Nashville House

    The 91-year-old Nashville House restaurant is closing. The Brown County family dining staple will serve its last meal at the end of the month. In a post on Facebook, Gina Sarah Rogers, daughter of late-owners Andy and Fran Rogers, said it is "the end of an era and very heartbreaking." The restaurant is known for its country-style fried chicken and ham meals. Business on the property dates back to the late-1860s when an inn opened. It was acquired in...

  • Wheeler Mission to Announce Major Expansion

    Wheeler Mission will soon announce plans for a multi-million dollar expansion of the Center for Women & Children. A grand celebration fundraising event will be held Saturday, October 20 at the JW Marriott in downtown Indianapolis. Plans call for $12 million to be raised over the next three years.  

  • Indy Airport Lands Record Grant Funding

    The Indianapolis Airport Authority has received what it says is a record amount of federal and state grant funding. The nearly $20 million will be used for projects focusing on rehabilitation of existing infrastructure, as well as sustainability, safety and security initiatives at Indianapolis International Airports and its reliever airports.

  • Steel Dynamics Hits Record Profit

    Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) is reporting record third quarter net income of $398 million, up from $153 million during the same period last year. Chief Executive Officer Mark Millett says the results are due to record steel shipments and improvement in the average steel selling price.

  • Ying Alison Cheng (photo courtesy of the University of Notre Dame)

    Notre Dame Researcher to Lead Student Assessment Project

    An associate professor of psychology at the University of Notre Dame has been selected to lead a $1.4 million project. Ying Alison Cheng will oversee the development of the intelligent diagnostic assessment program, or i-DAP, for high school statistics education.

  • Tech

    • GE Aviation Plant Leader Updates Progress

      Three years after opening, the GE Aviation Lafayette Engine Facility is realizing some of its lofty ambitions. During an interview on a special Greater Lafayette town hall edition of Inside INdiana Business with Gerry Dick, new Plant Leader Renato Vidal says nearly 200 will be employed at the plant by the end of the year. The company expected to add 200 jobs by 2020 when ground on the $110 million operation was broken in 2014, a target that grew to 230 shortly after opening.

    • Union 525 the former home of Manual and Wood high schools.

      INfuze Indiana to Launch Before Packed House

      A new organization focused on boosting entrepreneurship throughout the state will hold its first event Wednesday before a sold out crowd at The Union 525 in Indianapolis. INfuze Indiana's mission is to bring together stakeholders from all walks of the startup ecosystem for what it describes as consistent, local community events discussing top issues. The keynote speaker at the inaugural gathering will be longtime Indiana venture capitalist Jane Martin.

    • Hoosier Tech Investors Partner to Boost PERQ

      Indianapolis-based PERQ has received a $5 million round of funding. The support includes participation from 10 Indiana investors. They are: Elevate Ventures, Collina Ventures LLC, former Indianapolis-based T2 Systems executives, former ExactTarget Chief Marketing Officer Tim Kopp and the co-founders of Greenwood-based One Click Ventures. The company provides technology that deals with digital consumer engagement and shopping behavior. In 2016, it received...

    More
  • Education

    • Ying Alison Cheng (photo courtesy of the University of Notre Dame)

      Notre Dame Researcher to Lead Student Assessment Project

      An associate professor of psychology at the University of Notre Dame has been selected to lead a $1.4 million project. Ying Alison Cheng will oversee the development of the intelligent diagnostic assessment program, or i-DAP, for high school statistics education.

    • Purdue Begins Work on Discovery Park Center

      Construction has begun on a five-story, 145,000-square-foot building designed to serve as the entryway to the $1.2 billion Purdue University Discovery Park District. The university says the Convergence Center for Innovation and Collaboration will be a resource hub for technology commercialization and entrepreneurial activities.

    • Grant to Boost Mental Health Awareness

      A Purdue Fort Wayne Associate Professor of psychology is the recipient of a three-year grant from the U.S Department of Health and Human Services Substance Abuse and Mental Health Services Administration. Jeannie DiClimenti will use the $368,664 to develop a mental health awareness and early-intervention program.  Purdue Aware: Helping Our Students through Faculty and Staff training has two focus areas, training faculty and staff and offering screenings, intervention and assessm...

    More
  • Manufacturing & Logistics

    • GE Aviation Plant Leader Updates Progress

      Three years after opening, the GE Aviation Lafayette Engine Facility is realizing some of its lofty ambitions. During an interview on a special Greater Lafayette town hall edition of Inside INdiana Business with Gerry Dick, new Plant Leader Renato Vidal says nearly 200 will be employed at the plant by the end of the year. The company expected to add 200 jobs by 2020 when ground on the $110 million operation was broken in 2014, a target that grew to 230 shortly after opening.

    • The company has 7,600 employees, most of which are located throughout the U.S.

      Steel Dynamics Hits Record Profit

      Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) is reporting record third quarter net income of $398 million, up from $153 million during the same period last year. Chief Executive Officer Mark Millett says the results are due to record steel shipments and improvement in the average steel selling price.

    • JD Norman Details Muncie Closure

      Illinois-based JD Norman Industries Inc. is providing more details on the recently-announced closure of its manufacturing facility in Muncie. The company says the closure, affected 130 jobs, will result in all production being moved to its facility in Leslie, Michigan.

    More
  • Life Sciences

    • (Image courtesy of Endocyte)

      $2.1B Endocyte Deal a Record-Breaker

      A veteran of Indiana's life sciences industry says the proposed blockbuster sale of West Lafayette-based Endocyte Inc. (Nasdaq: ECYT) is good for the ecosystem in the state. Switzerland-based Novartis AG has signed an agreement to acquire Endocyte for $2.1 billion, which BioCrossroads Project Director Brian Stemme says is "by far" the largest-ever acquisition of an Indiana life sciences company. The deal still faces regulatory and shareholder hurdles.

    • Endocyte, Novartis Ink $2.1B Merger Agreement

      West Lafayette-based Endocyte Inc. (Nasdaq: ECYT) has announced a merger agreement with a global pharmaceutical giant. The deal with Switzerland-based Novartis AG is valued at $2.1 billion and still requires shareholder approval. Until regulatory and other approvals are met, Endocyte will remain independent. The proposed merger of Endocyte into Novartis is slated to be complete in the first half of next year. Endocyte develops targeted cancer therapies and earlier this...

    • Zimmer Biomet Partnering With Apple

      Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) has announced a partnership with Apple Inc. (Nasdaq: AAPL) to assist patients undergoing knee and hip replacement surgeries. Zimmer Biomet has developed an app for the iPhone and Apple Watch designed to improve the connection between patients and their surgical care teams.

    More
  • Health

    • (Image courtesy of Endocyte)

      $2.1B Endocyte Deal a Record-Breaker

      A veteran of Indiana's life sciences industry says the proposed blockbuster sale of West Lafayette-based Endocyte Inc. (Nasdaq: ECYT) is good for the ecosystem in the state. Switzerland-based Novartis AG has signed an agreement to acquire Endocyte for $2.1 billion, which BioCrossroads Project Director Brian Stemme says is "by far" the largest-ever acquisition of an Indiana life sciences company. The deal still faces regulatory and shareholder hurdles.

    • Endocyte, Novartis Ink $2.1B Merger Agreement

      West Lafayette-based Endocyte Inc. (Nasdaq: ECYT) has announced a merger agreement with a global pharmaceutical giant. The deal with Switzerland-based Novartis AG is valued at $2.1 billion and still requires shareholder approval. Until regulatory and other approvals are met, Endocyte will remain independent. The proposed merger of Endocyte into Novartis is slated to be complete in the first half of next year. Endocyte develops targeted cancer therapies and earlier this...

    • $25M Behavioral Hospital Coming to Central Indiana

      Danville-based Hendricks Regional Health is partnering with US HealthVest to develop a stand-alone behavioral center on the Hendricks campus in Plainfield. Known as the Indianapolis Behavioral Hospital, the facility will provide specialized inpatient and outpatient mental health care to patients of all ages.

    More
  • Ag INnovation

    • Miami County Celebrates $24M Swine Feed Mill

      Delphi-based Indiana Packers Corp. has cut the ribbon on a $24 million swine feed operation in Miami County. IPC subsidiary OP Nutrition will run the Peru mill, which is expected to produce some 4,800 tons of feed per week. The double-shift facility will employ 12. OP Nutrition President Dave Murray calls the mill "a key piece in IPC's growth strategy," adding "it's an exciting chapter for us and we're thrilled to continue to expand and grow our business within...

    • Purdue College of Agriculture Sees Enrollment Increase

      The Purdue University College of Agriculture has marked its largest enrollment since 1980. The college has 2,803 students this fall, of which 76 percent are from Indiana and 60 percent are women.

    • Agbioscience Movement Courting Young Talent to Fuel Growth

      Hamilton County-based Beck's Hybrids President Scott Beck is among a growing number of people who believe ag tech and the agbiosciences can be Indiana’s next big thing. Beck participated in last week's Forbes AgTech Summit in Indianapolis, the first time the high-profile event was held outside of California. "People are recognizing the assets that are in Indiana and that it is a hub of innovation when it comes to agriculture, particularly agbioscience."

    More
  • Ben Campbell

    STAR Bank Exec to Retire After 40+ Years

    STAR Financial Bank has announced Ben Campbell is retiring as executive vice president of commercial banking. He has spent the past 42 years in various leadership roles for JPMorgan Chase, Bank One, First Chicago NBD and Indiana National Bank. Campbell has given back much to Indiana and Arizona, where he spent the bulk of his career volunteering on several board of directors including: St. Vincent Health, Parkview Health, Indiana CPA Society, The Journal-Gazette, The Fort W...
  • Christel DeHaan (Image courtesy Christel House.)

    Christel DeHaan to Retire as Christel House CEO

    One of the biggest names in philanthropy in Indiana is announcing her retirement. Christel House International Chief Executive Officer Christel DeHaan will remain board chair, but leave as CEO of the nonprofit she founded 20 years ago. The organization has named former Indianapolis Mayor Bart Peterson to be her successor.

  • Heather Reynolds

    First Managing Director Named For Wilson Sheehan Lab

    Heather Reynolds, a nonprofit leader with extensive expertise in poverty alleviation, will join the Wilson Sheehan Lab for Economic Opportunities at the University of Notre Dame as its inaugural managing director in January. She has served as president and chief executive officer at Catholic Charities Fort Worth for the past 14 years.

  • Steven Sonnenberg

    Steel Dynamics Appoints Board Members

    Steel Dynamics Inc. has appointed Sheree Bargabos and Steven Sonnenberg (pictured) independent members of its board. The appointments are for a one year term, ending next May. Bargabos served as vice president, customer experience, roofing at Owens Corning from 2013 through her retirement in 2015. From 2008 through 2016, Sonnenberg served as president of Emerson Electric Co.'s process management group.

  • Benjamin Smith

    Smith Joins CORE Planning Strategies

    Benjamin Smith has joined CORE Planning Strategies as a project coordinator. With experience in construction planning and administration, he previously served as a code enforcement and project manager for the State of Indiana Department of Natural Resources’ engineering division.

  • Jesse Kurth

    Kerauno Hires Vet Tech Exec as VP of Services

    Kerauno has named Jesse Kurth vice president of services. In this newly-created role, he is responsible for leading professional services, customer care and education and training. Kurth brings more than a decade of experience helping grow technology companies. He most recently helped grow Octiv by leading client success, professional services, product and program management.

  • Karen Walker

    Walker Elected to Lilly Board

    The board of directors of Eli Lilly and Co. has elected Karen Walker as a new member, effective December 1, 2018. As a member of Lilly's board, she will serve on both the audit committee and the public policy and compliance committee. Walker is senior vice president and chief marketing officer at Cisco, where she has worked since 2009.

  • Heidi Monroe

    DCS Names Deputy Director

    The Indiana Department of Child Services has appointed Heidi Monroe deputy director of permanency and practice support. She previously served as director of children’s services at Meridian Health Services. Monroe also spent two years working at Talbert House as the behavioral health director in Cincinnati.

  • Jessica Armstrong and Kate Miller

    Simon Youth Foundation Hires Three

    Simon Youth Foundation has named Jessica Armstrong director of finance. She most recently served as chief financial officer for a local nonprofit in Indianapolis. Kate Miller has been hired as assistant director of advancement. She previously  managed annual advancement programs for a national youth leadership organization. Also, Molly Linehan has been named communications associate.

  • David Skinner

    Purchasing Power Names Regional Sales Director

    David Skinner has been named regional sales director at Purchasing Power LLC. He will be based in Indianapolis and assumes sales responsibilities covering the U.S. Great Lakes territory. He previously served six years as a principal sales professional at Mercer, working in their Indiana Health Practice. Skinner also worked for 13  years at IHC Health Solutions as vice president, sales and marketing dental and vision.

  • E. Timothy DeLaney

    Bose McKinney & Evans Adds to Team

    Bose McKinney & Evans LLP has added E. Timothy DeLaney as of counsel to the white-collar crime and litigation groups. He focuses his practice on white-collar criminal defense, compliance and internal investigations, as well as complex litigation. DeLaney previously served as grand jury deputy prosecutor for the Marion County Prosecutor’s Office.

  • Shelby Barrett

    Matchbook Creative Hires Account Executive

    Indianapolis-based Matchbook Creative, a full-service marketing agency, has hired Shelby Barrett as an account executive. She previously worked on the sales staff with the Indianapolis Indians.

  • Jennifer Rhodes

    Ice Miller Adds Partner

    Ice Miller has welcomed back Jennifer Rhodes to the firm as a partner in the business group. She started her career at Ice Miller in 1999, where she worked primarily with private equity and venture capital firms in connection with their fund formation and investment transactions and private companies, across industries, in connection with their financing, mergers and acquisitions, joint ventures and general corporate needs.

  • Bethany Hartley

    South Bend - Elkhart Regional Partnership Hires Director

    The South Bend - Elkhart Regional Partnership has named Bethany Hartley director of diversity and Inclusion. For the past decade, she has served in leadership roles including director level positions at the Women's Business Development Center, in Chicago and the Family and Children's Center and Boys & Girls Clubs of St. Joseph County. Most recently, Hartley served as deputy director at RISE | Regional Innovation and Startup Education.

  • Top Videos

    • Pacers Poised For Opening Tip On And Off Hardwood

      The Indiana Pacers are expanding the tip-off of the 2018-2019 season Wednesday with the start of what it says will be Opening Week festivities. The team will have a second home game at Bankers Life Fieldhouse in Indianapolis Saturday and new Senior Vice President for Corporate Community and Public Relations Brent Rockwood says the remainder of the week will include scavenger hunts, viewing parties and other family-oriented events. 

    • UE President Touts Designation's Social, Student Impact

    • Ambrose: White River to be Centerpiece of $1.4B Project

      The Indianapolis-based developer of the city's former GM Stamping Plant site says it's excited about the $1.4 billion downtown district sitting next to a "major natural asset." Ambrose Property Group Senior Vice President Andrew Greenwood says the Waterside development will embrace the White River, which he believes "historically the city and the state have kind of turned their back on." 

    • Ambrose Amps up Ambition For Old GM Stamping Site

      An Indianapolis-based developer has greatly expanded its original investment plans for the city's former GM Stamping Plant site. Ambrose Property Group's vision now includes projects totaling nearly $1.4 billion, more than doubling the $550 million scope detailed last year. 

    • Lafayette Town Hall: Purdue President Mitch Daniels

      Inside INdiana Business is on the road this week, coming to you from Greater Lafayette known for two great cities and one great university. We start the conversation with the Governor turned university president, who has wasted no time in getting down to business, whether it’s education or the economy.

    • Lafayette Town Hall: Subaru of Indiana

      Almost 30 years ago Subaru of Indiana Automotive rolled out its first vehicle in Lafayette. Today the sprawling plant relies on people and robots to produce hundreds of thousands of units annually.

    More
  • Web Exclusive

    • Culture Matters: Milhaus

      With another installment of our monthly Culture Matters segment we spotlight the reasons for the rapid growth of Milhaus, the development company headquartered in downtown Indianapolis. We also take a look at some of their completed projects, and how their workplace culture translates to their projects and their customers.  

    • WEB EXCLUSIVE: Holcomb Signs SaaS Industry Bill

      Governor Eric Holcomb says a tax exemption for Sales as a Service is something that was brought up "again and again" in meeting with Hoosier tech executives. Indiana is one of four states to have approved this type of law. The ceremonial signing took place Friday morning at the headquarters of Indianapolis-based SaaS company, DemandJump.

    More

Stocks

  • Perspectives

    • How Managers Can Keep Millennials Happy

      There are more than 56 million Millennials either actively participating in the workforce, or searching for a job. With a number like this, it’s no surprise that Millennials have taken the workplace by storm. But what is surprising is how different this generation is from their predecessors. They rely heavily on technology and prefer to communicate via text or email rather than a traditional phone call. Managing millennial employees can be a challenge — how can executives...

    More

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  • Most Popular Stories

    • $25M Behavioral Hospital Coming to Central Indiana

      Danville-based Hendricks Regional Health is partnering with US HealthVest to develop a stand-alone behavioral center on the Hendricks campus in Plainfield. Known as the Indianapolis Behavioral Hospital, the facility will provide specialized inpatient and outpatient mental health care to patients of all ages.

    • How Managers Can Keep Millennials Happy

      There are more than 56 million Millennials either actively participating in the workforce, or searching for a job. With a number like this, it’s no surprise that Millennials have taken the workplace by storm. But what is surprising is how different this generation is from their predecessors. They rely heavily on technology and prefer to communicate via text or email rather than a traditional phone call. Managing millennial employees can be a challenge — how can executives...

    • 'Heartbreaking' End For Nashville House

      The 91-year-old Nashville House restaurant is closing. The Brown County family dining staple will serve its last meal at the end of the month. In a post on Facebook, Gina Sarah Rogers, daughter of late-owners Andy and Fran Rogers, said it is "the end of an era and very heartbreaking." The restaurant is known for its country-style fried chicken and ham meals. Business on the property dates back to the late-1860s when an inn opened. It was acquired in...

    • Christel DeHaan to Retire as Christel House CEO

      One of the biggest names in philanthropy in Indiana is announcing her retirement. Christel House International Chief Executive Officer Christel DeHaan will remain board chair, but leave as CEO of the nonprofit she founded 20 years ago. The organization has named former Indianapolis Mayor Bart Peterson to be her successor. CHI's mission is to lift children out of poverty, and it has established learning centers at home in Indianapolis and abroad in Mexico, India, South Africa and...

    • Sturges, CBRE Splitting Up

      A long-time commercial real estate firm in Fort Wayne is going independent. CBRE | Sturges, which became affiliated with the global brand more than 20 years ago, will become Sturges Property Group at the end of this month. The firm was founded in 1975 and bills itself as largest full-service commercial and industrial real estate firm in the region. The shift, Sturges says, will...