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Cummins Expanding Indiana Wind Farm
Columbus-based Cummins Inc. (NYSE: CMI) is expanding a wind farm in northern Indiana. The company says, when fully operational, the farm will generate renewable energy equal to the amount Cummins uses at its Indiana facilities. The expansion will add 75 megawatts of capability to the plant, which is enough to power about 20,000 average Indiana homes. The Meadow Lake Wind Farm complex currently has a capacity of 600 megawatts.
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Busche Owner Makes Another Acquisition
Albion-based Busche Performance Group Inc. says its parent company has acquired Michigan-based 3Point Machine Inc. Shipston Equity Holdings LLC, based in New Hampshire, says 3Point will be called Busche Performance Group Southfield Inc. as a result of the merger.
Indiana Is Lifting the Future of Flight
While on the floor of the Farnborough International Airshow, the world’s largest exhibition dedicated to the aviation industry, it was clear to international industry leaders that Indiana is propelling the future of aerospace and aviation. That’s because, from the unveiling of a new flight technology to the top companies exhibiting at the airshow, everything seemed to keep coming back to Indiana.
Saint Joseph's Students, Faculty Scrambling
Two days after the Saint Joseph's College Board of Trustees voted to suspend activities on the Rensselaer campus, students and faculty are searching for answers. A source with close knowledge of the situation tells Inside INdiana Business one of the issues that led to the school's "dire" financial situation is a trust involving land some say is worth up to $75 million, but would only be able to sell for $15 million because of restrictions in place.