Spending on specific local projects climbed to $536 million in Indiana’s newest two-year budget. Such earmarks, routed through the State Budget Agency, have risen steeply in recent budget cycles — up from just $18 million in 2015.... Read More
The month of May is an opportunity to showcase the state's more than $1 billion motorsports industry. More than 350 motorsports-related companies call Indiana home. "It's amazing, that kind of investment," said IMS President Doug Boles. ... Read More
Illinois-based Enjoy Life Foods is planning to close its bakery operations at River Ridge Commerce Center in Jeffersonville. In a notice to the state, the company said it will begin several rounds of layoffs in July, ultimately impacting 105 employees.... Read More
An Indianapolis-based period care startup has been named a finalist in Fast Company's World Changing Ideas Awards. Sunny, which has developed a novel menstrual cup and applicator, is included on the list that features big names such as Xfinity and Pandora.... Read More
Local Initiatives Support Corp. Indianapolis has announced the launch of a new organization to support Latino small business owners. The Latino Business Support Network is a group of nonprofits that wants to strengthen the Latino business community.... Read More
An Allen County judge has denied Indiana’s motion for preliminary injunction against popular social media platform TikTok. An order from Allen Superior Court stated that the state hasn’t “shown a reasonable likelihood of success on the merits at trial."... Read More
Among the 252 legislative bills signed by Gov. Eric Holcomb in recent days, one measure, in particular, is being celebrated by the city of South Bend and the city’s minor league baseball team. ... Read More
A startup founded at Purdue University has developed a software platform it says will support the burgeoning advanced air mobility sector, which includes electric-powered aircraft. ... Read More
Approximately 30 employees at Ellettsville-based telecommunications company Smithville are picketing while not at work. The Herald-Times reports the workers are seeking higher wages to fight increased healthcare costs and inflation.... Read More
City officials said the move was necessary to save the project after Indianapolis-based Kite Realty Group Trust told the city it couldn’t secure suitable financing for the 814-room Signia by Hilton hotel planned for the southwest corner of Pan Am Plaza.... Read More
America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy.... Read More
Kokomo-based Haynes International Inc. (Nasdaq: HAYN) is reporting second quarter net income of $12.3 million, up 45% from last year’s second quarter profits of $8.5 million... Read More
Newsweek has published a list of the top 450 U.S. companies for job starters in 2023, and six Indiana companies are named. ... Read More
Indiana’s gas tax will continue to rise with inflation — up to one penny a year — while key figures gather for a long-term look at how the state funds its roads: inflation, electric vehicles, local road woes and all.... Read More
A group of students from the Indiana Digital Learning School has won the top prize in the national SuitUp Take on Tech challenge. The competition tasked student teams with designing an app or device that would address an issue in their respective communities... Read More
We begin our month-long series of shows on the business of auto racing in central Indiana. It is estimated that the Indianapolis Motor Speedway alone generates more than $300 million annually in economic impact. Doug Boles breaks down what to expect this year.... Read More
The Indiana Economic Development Corp. says the new two-year state budget increases the state's investment in economic development by $350 million over the previous biennium. Among the priorities included in the budget is another $500 million for READ 2.0.... Read More
Purdue University Northwest has awarded $14,000 in prizes to the top three winners in the PNW Big Sell pitch competition. Twelve entrepreneurs competed for top honors by presenting their products during a six-minute-long pitch.... Read More
Jasper-based Kimball Electronics is reporting fiscal third quarter net income of $16.4 million, up from $13.6 million the same period the previous year. The manufacturer said Thursday it reached a record sales total of $485 million, up 32% year-over-year.... Read More
Michigan-based Wightman has relocated and expanded its footprint in northern Indiana. The architecture, civil engineering and surveying firm has moved to a larger office in South Bend.... Read More
