Novae begins work on $35M manufacturing plant

A utility trailer manufacturer in northeast Indiana broke ground Thursday on a new manufacturing plant. Markle-based Novae LLC is investing $35 million to build a 150,000-square-foot facility and create up to 36 jobs by the end of 2024. ... Read More

Interstate Cold Storage marks 50 years

Fort Wayne-based Interstate Cold Storage is celebrating a milestone in 2023. The refrigerated warehouse company will mark 50 years in business this year, going from a one-warehouse operation to five locations in Indiana and Ohio with more than 100 employees.... Read More

Hillenbrand profit dips in Q1

Batesville-based Hillenbrand is reporting fiscal first quarter net income of $45.5 million, down from $49 million the previous year. CEO Kim Ryan said the company had a "solid start" to the year driven largely by "healthy demand" and recent acquisitions.... Read More

IU prof examines impact of low unemployment

A professor at the Indiana University Kelley School of Business says the nation's unemployment rate shows that the U.S. is not currently in a recession but there is still more work to be done when it comes to inflation.... Read More

Long-term care facility in Donaldson to close

A continuing care retirement community in Marshall County is set to close its doors. In a notice to the state, Donaldson-based Catherine Kasper Life Center Inc. said it will cease operations at the end of March, affecting 60 employees.... Read More