The Indiana Utility Regulatory Commission has approved a settlement agreement involving residential rates for Fort Wayne-based Indiana Michigan Power. I&M says as a result, residential customers will see a nearly $95 million reduction over two phases.... Read More
The Indiana Sports Corp has premiered a documentary detailing how Indianapolis pulled off an unprecedented feat. “Made For This Moment” showcases the city’s sports history and how the city, state and thousands of volunteers faced the challenge of hosting the entire NCAA March Madness tournament in the midst of the pandemic.... Read More
The National Football League is planning to open its annual Scouting Combine at Lucas Oil Stadium in downtown Indianapolis to thousands more fans. Our partners at the Indianapolis Business Journal report spectators will be able to view primetime activities at the combine from the 100 and 200 levels of the stadium, closer to the field than previously allowed.... Read More
A Morgan County design company is moving its operations to Indianapolis. Mooresville-based Creative Works, which designs, manufactures and installs themes, props and attractions for the amusement industry, says it will relocate to the Park Fletcher industrial complex on the city's southwest side in May, bringing with it more than 70 jobs and creating up to 30 more by the end of the year. The move comes as the company prepares to celebrate its 25th anniversary this year.... Read More
A $100,000 grant from the U.S. Economic Development Administration is being used to implement an initiative designed to boost economic opportunities for Indiana farmers. ... Read More
A Huntington-based manufacturer of conveyor systems and material handling equipment has broken ground on a nearly $5 million expansion. Shuttleworth says the project will add 55,000 square feet of manufacturing space and create 20 jobs by the end of 2024.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) says it has entered into an agreement to acquire Meritor Inc. (NYSE: MTOR) in Michigan in a deal valued at $3.7 billion. Meritor is a supplier of drivetrain, mobility, braking, aftermarket and electric powertrain products for the commercial vehicle and industrial markets. Cummins CEO Tom Linebarger calls the acquisition an important milestone for the company as it works to develop more zero carbon products.... Read More
A utility construction contractor in Orange County has announced a leadership change. Paoli-based ElectriCom LLC says President Raj Beri has been promoted to chief executive officer, succeeding Kevin Mason, who is transitioning to executive chair.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) has awarded a more than $1 million grant to Renew Indianapolis help boost Black homeowner equity in a near northeast side neighborhood. The company says the funding will support a program designed to build generational wealth while addressing gentrification in historically Black neighborhoods.... Read More
Ohio-based Cleveland-Cliffs Inc. (NYSE: CLF) is planning to indefinitely idle one of the two remaining blast furnaces at its Indiana Harbor Works steel mill in East Chicago. Despite the move, the steelmaker says no Hoosier jobs will be affected.... Read More
