Indianapolis-based Allos Ventures has announced the first closing of its latest fund, Allos IV. The venture capital firm says the fund will continue its focus on investments in early-stage B2B software companies. Managing Director Don Aquilano says being able to launch a fourth fund is "validation that there's a true need and a value for equity capital in the Midwest and certainly here in Indiana."... Read More
The Whiteland Town Council has approved a tax abatement for a 450,000-square-foot speculative warehouse building. Our partners at the Daily Journal report Cincinnati-based Uptown Commercial Partners plans to invest nearly $29 million to build the facility on a 40-acre site.... Read More
A second turkey farm in Dubois County could possibly be dealing with another case of avian influenza. The Indiana State Board of Animal Health says the farm is in close proximity to the initial farm that was diagnosed with a confirmed case of a highly pathogenic strain of the flu earlier this month.... Read More
Terre Haute-based Hallador Power Co. LLC has announced plans to acquire the Merom Generating Station in Sullivan County from Bloomington-based Hoosier Energy. The deal includes a power purchase agreement in which Hoosier Energy will purchase energy produced at the coal-fired plant.... Read More
Indianapolis-based TechPoint has unveiled the list of nominees for the 23rd annual Mira Awards, honoring the "Best of Tech in Indiana." This year's nominees include 76 companies that employ more than 52,000 Hoosiers, as well as more than a dozen entrepreneurs from the state's tech sector. ... Read More
The city of Bloomington will Tuesday host a virtual kickoff with the city of Palo Alto, California to mark the first Sibling Cities relationship. The program, created by the nonprofit Sibling Cities USA, is designed to "bridge regional divides and promote unity in America."... Read More
Indianapolis-based Ambrose Property Group says work has begun on a more than 500,000-square-foot building at the Westpoint Business Park in Monrovia. The developer says the $40 million facility, set for completion in September, will target logistics, industrial and light manufacturing use.... Read More
Indianapolis-based Key Auctioneers is under new ownership. Krueckeberg Auction and Realty, headquartered in Decatur, has acquired the company, though financial terms of the deal were not disclosed.... Read More
An executive with Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) says the company's recent growth is due to both increased market demand and strategic investments. The steelmaker reported record profit in 2021 and last week announced plans to hire up to 200 employees in northeast Indiana. Senior Vice President Chris Graham says the company is confident it will find the workforce it needs because of its reputation as an employer.... Read More
Virginia-based Sotherly Hotels Inc. (Nasdaq: SOHO) has completed the sale of the Sheraton Louisville Riverside Hotel in Jeffersonville. The company says the deal is valued at $11.5 million.... Read More
