Greenfield Banking Co. Named Small Business Lender of the Year
Greenfield Banking Co. has been named the Indiana Small Business Lender of the Year by Indiana Statewide Certified Development Corp. More than 20 Indiana banks were considered for the award, with First Financial Bank of Terre Haute as the runner up. The S
Program to Foster Next Generation of Minority Scientists
IUPUI has launched a student-focused initiative to increase the numbers of underrepresented minorities and women in neuroscience research. Support for the project comes from a $1.2 million National Institutes of Health grant to fund the Neuroscience Exper
Chocolate Maker Expanding, Adding Jobs in Indy
An Indianapolis-based artisanal vegan chocolate maker has announced plans to expand. SoChatti says it will invest more than $2.4 million to lease, renovate and equip a food production and research center at the Circle City Center Industrial Complex and...
BASi Closes Acquisition of Pre-Clinical Research Services
Inotiv, the newly-rebranded contract research services business of West Lafayette-based Bioanalytical Systems Inc. (Nasdaq: BASI) has officially closed on the previously-announced deal to purchase Pre-Clinical Research Services Inc. As part of the...
ClusterTruck, Kroger Partnership Aims to Fix 'Broken' Model
The co-founder and president of ClusterTruck in Indianapolis says the recently-announced partnership with Cincinnati-based The Kroger Co. (NYSE: KR) seeks to address what he calls the shortcomings of the third-party food delivery industry. The soft
Eli Lilly and Co. Opens Innovation Lab in San Francisco
Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has opened its first shared innovation lab in San Francisco. The 65,000-square-foot lab will focus on fostering collaboration with local biotech companies. Lilly Gateway Labs says it will offer companies di
Calumet Announces Resolution in SEC Investigation
Indianapolis-based Calumet Specialty Products Partners LP (Nasdaq: CLMT) says it has reached a resolution with the Securities and Exchange Commission. The commission had been investigating the company following errors and delays in its reporting of...
Ascensus to Acquire Indianapolis-Based Nyhart
A Pennsylvania-based retirement, education, and healthcare technology company has entered into an agreement to acquire Indianapolis-based Nyhart, an employee benefits consulting firm. Terms of the deal were not disclosed, however officials say Nyhart will
Cummins Announces Major Climate Change Goals
COLUMBUS, Ind – Columbus-based Cummins Inc. (NYSE: CMI) has announced a major climate change initiative, by setting an aspirational goal of net-zero carbon emissions within three decades for the engines it builds, and the manufacturing plants it operates. The powertrain manufacturer says its environmental sustainability strategy includes short and long-term goals that meet or exceed the benchmarks in the United Nations Paris agreement on climate change.
Two Indiana Airports to Receive Federal Grants
U.S. Secretary of Transportation Elaine Chao has announced the Department of Transportation will award $10.5 million in airport infrastructure grants to two airports in Indiana. Indianapolis International Airport and Warsaw Municipal Airport will each rec
Vincennes Students Set for Cyber Defense Competition
A group of Hoosier students is set to represent Indiana and fend off simulated attacks in a nationwide cybersecurity contest. Vincennes University will Saturday compete in the National Collegiate Cyber Defense Competition invitational meet. During the com
Stanley Black & Decker to Cut 140 Jobs in Greenfield
Connecticut-based Stanley Black & Decker Inc has announced plans to lay off a total of nearly 140 employees from its Greenfield facility. In a notice filed with the state, the company says the cuts are an “attempt to strategically consolidate worldw
Lilly Endowment Launches $50M Self-Sufficiency Initiative
Lilly Endowment Inc. is launching a new initiative it says will provide a total of up to $50 million in grants in 2020. Enhancing Opportunity aims to help people in Indianapolis living in or near poverty make progress toward lasting economic self-sufficie
Ball State Alumni Association Names President
Ball State Alumni Association has named James Acton president of the Ball State University Alumni Association. Acton most-recently served as associate vice president of alumni and giving programs at the Illinois Institute of Technology in Chicago. Acton w
EXCLUSIVE: Solinftec to Move Global HQ to Indiana
Brazil-based precision agriculture company Solinftec, which established its U.S. headquarters at the Purdue Research Park earlier this year, is now planning to move its global HQ from South America to West Lafayette. CEO Rodrigo lafelice dos Santos...
Center for Leadership Development Receives $11M
INDIANAPOLIS -- The Center for Leadership Development has received a $11.6 million grant from Lilly Endowment Inc. The funding will support expanded program offerings that the organization says “supplement and reinforce tens of thousands of African American and minority youths’ learning and developmental experiences.”
IU to Use Data Science to Help Manage Disasters
BLOOMINGTON, Ind. – Indiana University has created a laboratory to help first responders and emergency management agencies before they get on the scene of a disaster, such as floods, hurricanes, and wildfires. The Crisis Technologies Innovation Lab was created to deliver practical resources and solutions when facing a current severe weather crisis.
Lippert Components Expands Lineup of Boat Add-ons
ELKHART, Ind. – Lippert Components Inc., a wholly-owned subsidiary of Elkhart-based LCI Industries (NYSE: LCII) has purchased the PWR-ARM brand and electric powered Bimini business assets of Michigan-based Schwintek Inc. Terms of the deal were not disclosed. The PWR-ARM is an electric-powered retractable sunshade for boats and pontoons.
DeSalle Named Engineer in Residence
SOUTH BEND, Ind. -- Hoosier Racing Tire Corp. President John DeSalle has been appointed the first executive engineer in residence at the University of Notre Dame’s newly-created iNDustry Labs. DeSalle will visit companies, discuss industry challenges and identify resources through the LIFT Network to drive regional industry advancement.
Indiana Chamber Unveils Legislative Priorities for 2020
The Indiana Chamber of Commerce has announced its top legislative priotities for 2020. The chamber says it will focus on legislation to decrease the smoking rate of Hoosiers and get vaping products out of the hands of young people as well as efforts that support talent attraction initiatives and development of a state energy plan.
'Major Announcement' Set for Indy
Indianapolis-based Lilly Endowment Inc. and the Center for Leadership Development are scheduled to make what the organizations are calling a “major announcement” Tuesday morning. CLD President Dennis Bland and Lilly Endowment President & CEO N. Clay Robbins will be joined by Indianapolis Mayor Joe Hogsett and other city and county officials.
Gift to IU to Help Veteran and Military Students
A former Indiana University student and his wife have donated $1 million to benefit veteran and military-connected students. Larry and Brenda McDaniel's gift will create a more permanent space for those students on the Bloomington campus. Larry McDaniel attended IU Bloomington after serving in the U.S. Navy and graduated in 1976 before a career with Marathon Petroleum. He returned last year on a campus visit with his granddaughter, which gave him inspiration.
Indy Library Branch to Close for $1.5M Renovation
INDIANAPOLIS -- The Wayne Branch of The Indianapolis Public Library will close in December for renovations. The $1.5 million project , which officials say is its first major renovation since the 13,500-square-foot branch opened in 1983, is expected to be completed in May.