Riley Foundation CEO Calls $5M Gift ‘Monumental’
The president and chief executive officer of Riley Children's Foundation says a newly-awarded $5 million gift is "monumental" in the hospital's fight against Duchenne muscular dystrophy. ... Read More
Alex Brown
U.S. Steel Investing $60M in Gary Works
Pittsburgh-based U.S. Steel Corp. (NYSE: X) is planning to invest $60 million into its Gary Works mill. The steelmaker says the investment will allow for the production of up to 500,000 tons of pig iron annually.... Read More
VC Investment Surpasses $1B in 2021
For the first time, Indiana has topped $1 billion in venture capital investment. The 2021 Indiana Venture Report from Indianapolis-based Elevate Ventures says the state saw 159 deals totaling $1.4 billion, which is a 186% increase over 2020 and exceeds the total amount invested in 2019 and 2020 combined.... Read More
Foam Supplier Expanding to Fort Wayne
An Elkhart-based foam manufacturer is expanding operations into Allen County. Vahala Foam Inc., which provides polyurethane cushion foam for RV, marine, bedding and office products, says it will invest nearly $7 million in its new location in Fort Wayne and create up to 125 jobs by the end of 2024.... Read More
IU Health Outlines $1B in Community Health Initiatives
Indiana University Health has unveiled $1 billion in investments for statewide community health initiatives. The health system says the effort is part of a "renewed commitment to price affordability for its patients."... Read More
IndyGo Breaks Ground on Purple Line
IndyGo broke ground Friday on its second of three bus rapid transit lines. The $187 million Purple Line is designed to connect downtown Indianapolis and Lawrence through east side neighborhoods.... Read More
Historic Gymnasium Prime for Redevelopment
County are looking for ways to revitalize a long-vacant gymnasium that has played a major part in Indiana's basketball heritage. The James M. Shields Memorial Gymnasium in Seymour was placed on Indiana Landmarks' 10 Most Endangered List for 2021.... Read More
Amendment Bars Russians from Buying Indiana Property
The Indiana House of Representatives has unanimously approved an amendment designed to punish Russia for its invasion of Ukraine. Our partners at WIBC report the amendment from Rep. Ryan Dvorak (D-South Bend) would bar any businesses associated with the Russian Federation from purchasing real estate in Indiana.... Read More
KAR Global to Sell ADESA Auction Business for $2.2B
Carmel-based KAR Global (NYSE: KAR) has entered into an agreement to sell its ADESA U.S. physical auction business to Carvana Co. (NYSE: CVNA) in Arizona. The deal, which includes all auction sales, operations and staff of 56 ADESA U.S. vehicle logistics centers, is valued at $2.2 billion.... Read More
Patrick to Acquire Arizona Audio Company
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) says it will acquire Rockford Corp., a designer and distributor of audio systems and components for the powersports, marine and automotive markets, headquartered in Arizona. Financial terms of the deal were not disclosed.... Read More