• Natalie's Candy Jar is one of the existing local vendors that will expand its offerings at the airport. (rendering courtesy of Indianapolis International Airport)

    Airport Board Approves New Concessions Vendors

    The Indianapolis Airport Authority Board has approved new contracts for several retail and services vendors at Indianapolis International Airport. The contracts are the first of several approvals that are expected as part of the airport's Concessions Refresh initiative, which aims to increase the local focus among vendors. Marsha Stone, senior director of commercial enterprise at the airport, says the effort will be one of the most impactful public-facing projects that...

  • Teams Announced for Indiana Supportive Housing Institute

    The Indiana Housing and Community Development Authority and Corporation for Supportive Housing has announced the six teams that will be contributing to the 2019 Indiana Supportive Housing Institute. Each team will create a plan to produce a supportive housing development for homeless veterans or individuals experiencing homelessness. 

  • (photo provided)

    Holcomb Names New IDVA Director

    Governor Eric Holcomb has selected Dennis Wimer as director of the Indiana Department of Veterans Affairs. Wimer succeeds Jim Brown, who resigned last month amid allegations of misappropriating funds from the Military Family Relief Fund.

  • A launch event will take place in the West Baden Springs Hotel Atrium.

    Hotel, Mattress Company to Launch Collaboration

    Jeffersonville-based Bowles Mattress Co. and West Baden Springs Hotel in Orange County will Monday officially launch their new mattress series. The partnership, first announced last month, will make the mattresses that had previously only been made for the resort available to the public.

  • University of Evansville Announces Recreation Center

    The University of Evansville announced plans today for a new on-campus wellness and recreation center. The new facility will include spaces for academic learning and community services in addition to traditional fitness center services.   The center will be housed at Hughes Hal. Based on pre-planning estimates, the size of the building will be two stories and over 70,000 square feet.   “The chosen location fits nicely into the overall campus facilities puzz...

  • IBRI, IN3 Form 'Strategic Alliance'

    The Indiana Biosciences Research Institute in Indianapolis is teaming up with the Indiana Innovation Institute. The IBRI says the organizations have formed a strategic alliance that will allow collaboration on projects "relevant to their respective missions." 

  • Greene County Chosen for IU Community Initiative

    Greene County has been chosen as community partner for the Indiana University Center for Rural Engagement's Sustaining Hoosier Communities Initiative. Plans call for more than a dozen community-related projects during the 2019-2020 academic year.

  • Johnson County Development Corp. Names New CEO

    The Johnson County Development Corp. has named Dana Monson as executive director/chief executive officer. Monson had been serving interim executive director and coordinator of the affiliated Aspire Johnson County program.

  • photo courtesy of Hard Rock Indianapolis

    Hard Rock Cafe Indianapolis to Close in March

    Florida-based Hard Rock International has announced that its Indianapolis location will close. The lease for the Hard Rock Cafe Indianapolis space on South Meridian Street is set to expire in March and the company will not renew it.

  • Two Indiana Banks on Forbes Best List

    Forbes has ranked the best banks in the country and Indiana has placed two on the list. First Merchants Bank finished 2nd, and Old National Bancorp came in at 97. The metrics used by the publication include tangible common equity, return on average assets, net interest margin,  efficiency ratio and net charge-offs as a percentage of total loans. 

  • Tech

    • McDonald: ClearObject Can Now Be 'Bolder' and 'Grander'

      The founder and chief executive officer of Fishers-based ClearObject says the majority interest investment from Egis Capital Partners and ABS Capital Partners puts the Internet of Things company "more in control of our own destiny." John McDonald, who will remain the company's CEO, says working with one equity partnership rather than several investors means ideas can become reality more quickly. It also doesn't hurt, McDonald says, for that partnership to have...

    • ClearObject Acquired By Equity Firms

      One of Indiana's biggest tech success stories is being acquired. Two equity firms have acquired a majority interest in Fishers-based Internet of Things company ClearObject. The company's headquarters will remain in Fishers and Chief Executive Officer John McDonald will continue to lead the management team. The companies are not releasing financial terms of the transaction. ClearObject was founded in 2010 as CloudOne, and designs, develops and manages Internet of Things-driven...

    • Kenzie Graduates First-Ever Cohort

      Kenzie Academy has graduated it’s first-ever cohort of students. Eleven graduates received a joint certificate from the Indianapolis-based coding school and Butler University’s Executive Education program. "They are on their pathway to do good work," said Kenzie Co-Founder and Chief Executive Officer Chok Ooi. "Half the class has already received full-time job offers, and they are getting jobs ranging from $50,000 a year to $70,000 ...

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  • Education

    • Greene County Chosen for IU Community Initiative

      Greene County has been chosen as community partner for the Indiana University Center for Rural Engagement's Sustaining Hoosier Communities Initiative. Plans call for more than a dozen community-related projects during the 2019-2020 academic year.

    • Purdue Names Associate Dean for College of Agriculture

      The former leader of Purdue's Department of Agricultural and Biological Engineering has been named associate dean of research and graduate education for Purdue's College of Agriculture. Bernie Engel led the ABE to several number one rankings for undergraduate and graduate programs over the last decade. Engel joined the faculty in 1988 and was appointed department head of ABE in 2005, and undergraduate enrollment has nearly doubled 

    • Holcomb Unveils Teacher Pay Plan in State of The State

      Governor Eric Holcomb used his third State of the State address to unveil a plan to increase teacher pay. He called on legislators to use money from the state's reserves to pay off pension liabilities in a move he says will save all local schools $140 million over the next two years, and more in the following years. He says school districts should "allocate 100 percent of the $140 million to increasing teacher paychecks." In his speech, Holcomb also announced the...

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  • Manufacturing & Logistics

    • Silberline Closing Decatur Facility

      Pennsylvania-based Silberline Manufacturing Co. is detailing plans to close its facility in Adams County. In a notice to the state, the company says the closure will result in the layoffs of 50 employees.

    • Grant Offers Addiction Education to State's Largest Industry

      The Rx Abuse Leadership Initiative (RALI) Indiana today awarded a $45,000 grant to the Indiana Manufacturers Association (IMA) to equip Indiana’s largest industry with new resources in its response to opioid misuse and the addiction crisis. The grant will fund addiction education and other tools that will allow Indiana employers to further aid employees possibly affected by the epidemic. 

    • Saturn Petcare Makes Vigo County Move Official

      Germany-based Saturn Petcare Inc. has officially announced plans to establish its first U.S. operations in Vigo County. The Indiana Economic Development Corp. says the pet food manufacturer will invest more than $38 million to purchase, renovate and equip a more than 350,000-square-foot facility in the Vigo County Industrial Park II and create up to 200 jobs by 2024. The facility will initially house production of wet pet food for cats and dogs. Production is slated to begin...

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  • Life Sciences

    • Cook Medical Partnering on Snoring Device

      Bloomington-based Cook Medical has announced a sales and marketing agreement with Zelegent Inc. in California. Cook says the partnership aims to enhance treatment options for patients suffering from snoring.

    • Lilly Announces $8B Acquisition

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has announced an $8 billion deal to acquire Loxo Oncology in Connecticut. Lilly says the deal adds precision medicines to its oncology portfolio through Loxo's pipeline of medicines for patients with certain types of cancers. The Indy drugmaker says the acquisition would be the largest in its ongoing effort to strengthen its cancer treatment portfolio. Loxo's pipeline is focused on cancers that involve single gene abnormalities that can...

    • Commission OKs Two Indy West Side Projects

      The Indianapolis Metropolitan Development Commission has approved tax abatement for two projects on the city's west side totaling nearly $11.5 million. According to documents filed with the city, the developments would create and retain nearly 60 jobs. Indianapolis-based Sentry Ventures LLC is planning to invest nearly $9 million to build and equip a 30,000-square-foot addition to its existing facility and Japan-based Ryoei USA Inc. is looking to invest $2.5 million to build a...

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  • Health

    • Greene County Chosen for IU Community Initiative

      Greene County has been chosen as community partner for the Indiana University Center for Rural Engagement's Sustaining Hoosier Communities Initiative. Plans call for more than a dozen community-related projects during the 2019-2020 academic year.

    • New COO Named at IU Health Bloomington Hospital

      Indiana University Health Bloomington Hospital has named Alan Biggs as chief operating officer. Biggs most recently served as vice president of EMCARE/EMVISION Physician Services and was also chief financial officer and chief Operating officer of Logansport Hospital from 1997-2010. He succeeds Brian Shockney, who now is IU Health's South Central Region President. 

    • Gahan to Cut Ribbon at Purple Pearl Skin and Beauty

      New Albany Mayor Jeff Gahan will cut the ribbon during the grand opening ceremony of Purple Pearl Skin and Beauty on January 17. The medical spa and cosmetic aesthetic center will host the event, starting at 11:30 a.m. and continuing all day.

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  • Ag INnovation

    • 'Unique' Coworking Space Opens in Greenfield

      A new coworking space in Hancock County aims to fill an underserved need in east central Indiana. Idea Co-op features a traditional indoor coworking area, along with 36 acres of outdoor space that can be used by members. The coworking space is operated by Greenfield-based NineStar Connect and director of business and economic development Jill Snyder says the outdoor aspect makes it a unique concept for the region.

    • Fort Wayne Farm Show Celebrating 30 Years

      More than 400 exhibitors will take part in the 30th annual Fort Wayne Farm Show, which kicks off Tuesday. Show Director Fred Cline says the event is the largest farm show in Indiana and up to 35,000 people are expected to attend this year. He says the variety of agriculture represented in the region continues to make Fort Wayne an attractive spot for the event that draws not only regional dealers, but representatives from various manufacturers.  In an interview with...

    • Gift to Purdue Will Endow Faculty Chair

      A gift to the Purdue University Department of Agricultural Economics will endow a faculty chair and help support student learning opportunities. Nonprofit Clearing Corporation Charitable Foundation donated $1.5 million to create the endowment for the Clearing Corporation Charitable Foundation Chair in Food and Agricultural Marketing and a fund to support students. The $1 million gift toward the chair will be matched by the College of Agriculture Endowed Chair Challenge Matching Gift P...
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  • Colonel Patrick C. Thibodeau

    Indiana National Guard Names New Commander

    Colonel Patrick C. Thibodeau has been named commander of the 81st Troop Command. In the role, he will oversee more than 2,200 soldiers. Headquartered in Terre Haute, the 81st Troop Command features several units: an engineer brigade, a military police company, two medical companies, a public affairs detachment and a response force comprised of soldiers and airmen trained to respond to chemical, biological or nuclear attacks.

  • Chief Master Sgt. Michael May

    Indiana Air National Guard Names Command Chief

    Indiana Air National Guard has named Chief Master Sgt. Michael May as its new state command chief. The state command chief is the senior enlisted member and is responsible for all affairs concerning the enlisted airmen across the state. He will succeed Chief Master Sgt. James E. Salway, who served in the position for more than five years.

  • Amy Haga

    Kerauno Appoints Controller

    Amy Haga has been appointed controller for Kerauno. She previously established financial policies, procedures and reporting systems for Onebridge, an Indiana-based technology company, specializing in consulting and staffing services. Haga also spent nearly a decade with Pile CPAs.

  • Melissa Sunsdahl and Marcella Hoard

    Well Done Marketing Announces Promotions, Hire

    Indianapolis-based Well Done Marketing has promoted Melissa Sunsdahl (pictured) to director of account service. The firm has also promoted Kristin Baxter and Tori Walker to senior account executives. Also, Marcella Hoard (pictured) has been named a senior account executive.

  • Jenni Browning

    Browning Promoted to Dairy Association CEO

    Jenni Browning has been named chief executive officer of American Dairy Association Indiana Inc. A 10-year ADAI veteran, she previously served as senior director of communications and wellness and director of communications. She succeeds Deb Evans Osza, who retired at the end of 2018, after more than 40 years with the dairy association.

  • Roger Veach

    AxiaTP Promotes Veach to CEO

    Indianapolis-Based AxiaTP has promoted Roger Veach to chief executive officer. He most recently served as managing partner. Veach previously served as CFO for a family trucking company. He left there to start his own company, ADS IT Solutions. Veach has served as CEO for the last 25 years.

  • Stacey White

    PAR North America Appoints Senior VP

    PAR North America, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc., has appointed Stacey White senior vice president of remarketing. She previously served as senior vice president of KAR enterprise optimization, overseeing procurement and sourcing strategies. White joined KAR in 2008 as an operational compliance auditor.

  • Vanessa Baughman

    AgReliant Genetics Names CFO

    Westfield-based AgReliant Genetics has named Vanessa Baughman chief financial officer, vice president of finance. She will also be a member of AgReliant Genetics' operating committee and participate in strategic and operational planning and decisions. Baughman has more than 25 years of finance and accounting experience.

  • Dana Monson

    JCDC Names Monson CEO

    Dana Monson has been named executive director and chief executive officer of the Johnson County Development Corp. She had been serving as interim executive director and coordinator of the affiliated Aspire Johnson County program. Monson joined JCDC in May 2012.

  • Top Videos

    • Indy Lands 2020 Routes Americas Conference

      Indiana lands another high-profile event and with it, the potential to increase connectivity and nonstop flights. Secretary of Commerce Jim Schellinger discusses the importance of hosting the Routes Americas Conference.

    • Eleven Fifty Academy Growth Plans

      Coding school Eleven Fifty Academy is on a roll with big plans to expand statewide and earning a designation from the U.S. Department of Labor. Founder Scott Jones hopes more funding will help fill a critical need in the talent pipeline.

    • Purdue Touts Startup Milestone

      Purdue University is celebrating a huge milestone in startup creation. A senior VP with the Purdue Foundry explains the impact of 223 startups and $350-million in funding and investments and hundreds of new jobs. 

    • 'Less Oil or More Caskets' Author Talks Need to Change Oil Dependency

      Oil has been used as a weapon against the United States for decades. Through his brand new book “Less Oil or More Caskets,” former Indy Mayor Greg Ballard says the time for change is now. 

    • TxJet Marks Five Years

      In just five years, TxJet has delivered 2,000 lifesaving organs to transplant recipients in 39 states flying the equivalent of four trips to the moon. In the Business of Health, Kylie Veleta has details on expansion plans.

    • (i) on Economic Development: 2019 Outlook

      We are a just a few weeks into the new year and economic development news is taking center stage around Indiana. Leadership from KSM Location Advisors weigh-in on Indy Eleven’s new soccer stadium plan to prospects for a casino in downtown Indianapolis.

    More

Stocks

  • Perspectives

    • Market Volatility - Fodder for Financial Fears

      Fact: The value of the stock market goes up and down.  It’s called “market volatility”.  How concerned should you be with a thousand point change in the index? Since your reaction can impact your personal portfolio, it’s most important that you have a good perspective. Significant price movements in the stock market grabbed headlines and captivated media pundits throughout 2018. The last week of the year the market experienced large price swings...

    More

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  • Most Popular Stories

    • Silberline Closing Decatur Facility

      Pennsylvania-based Silberline Manufacturing Co. is detailing plans to close its facility in Adams County. In a notice to the state, the company says the closure will result in the layoffs of 50 employees.

    • Airport Board Approves New Concessions Vendors

      The Indianapolis Airport Authority Board has approved new contracts for several retail and services vendors at Indianapolis International Airport. The contracts are the first of several approvals that are expected as part of the airport's Concessions Refresh initiative, which aims to increase the local focus among vendors. Marsha Stone, senior director of commercial enterprise at the airport, says the effort will be one of the most impactful public-facing projects that...

    • Two Indiana Banks on Forbes Best List

      Forbes has ranked the best banks in the country and Indiana has placed two on the list. First Merchants Bank finished 2nd, and Old National Bancorp came in at 97. The metrics used by the publication include tangible common equity, return on average assets, net interest margin,  efficiency ratio and net charge-offs as a percentage of total loans. 

    • Jones to Retire as Old National CEO

      Evansville-based Old National Bancorp has announced Chief Executive Officer Bob Jones will retire in May, after 14 years with the bank. Chief Financial Officer Jim Ryan, who has been with Old National since 2000, will succeed Jones. Jones will continue to serve as Old National's chairman of the board through January 2020.

    • 'Unique' Coworking Space Opens in Greenfield

      A new coworking space in Hancock County aims to fill an underserved need in east central Indiana. Idea Co-op features a traditional indoor coworking area, along with 36 acres of outdoor space that can be used by members. The coworking space is operated by Greenfield-based NineStar Connect and director of business and economic development Jill Snyder says the outdoor aspect makes it a unique concept for the region.