Indianapolis-based Duke Realty Corp. has notified the state of its plans to lay off 120 employees. The move comes as the logistics real estate firm is set to be acquired by San Francisco-based Prologis Inc. in a $26 billion deal announced in June.... Read More
An Auburn-based agriculture tech company has closed on a $3 million seed round of funding. Traction Ag Inc., which has developed a financial management platform for farmers, says it will further develop the platform and add to its staff.... Read More
The South Bend-Elkhart Regional Development Authority on Monday awarded $40 million in Regional Economic Acceleration and Development Initiative (READI) grants. The organization says the funding will support 19 quality of place projects.... Read More
The town of Zionsville has hired Mike Dale as director of community and economic development. He most recently served as executive director of the Hancock County Area Plan Commission and Board of Zoning Appeals.... Read More
Indiana and seven other states are joining forces in an effort to develop what they call a robust hydrogen market, supply chain and workforce. The governors have signed an MOU with the goal of supporting hydrogen production in the region.... Read More
Indiana State University on Friday launched the public phase of its $100 million "Be So Bold" fundraising campaign. The university says the effort is its largest-ever campaign and 62% of the goal has been reached during the "quiet phase." ... Read More
Fort Wayne-based Ruoff Mortgage Co. says it has reduced its workforce by 4.6%. The company says the move is the result of rising mortgage rates and waning consumer demand. The company did not specify precisely how many employees were let go. ... Read More
The chief executive officer of West Lafayette-based startup Novilytic says the potential expiration of the federal Small Business Innovation Research and Small Business Technology Transfer programs would have a major impact on innovation in Indiana.... Read More
Fort Wayne-based Summit Brands is adding to its portfolio of laundry products. The company, which markets and distributes household cleaning products, has acquired the Zout and Fels-Naptha brands from Germany-based chemical company Henkel.... Read More
The plant manager at the General Motors Co. (NYSE: GM) Marion Metal Center says the automaker's planned $491 million investment will support the next generation of not just electric vehicles, but the facility's employees as well. ... Read More
