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News

Ports of Indiana lands grant for $16M rail yard at Mount Vernon port

The Ports of Indiana has received the largest federal grant in its history to build a $16 million rail yard and transload facility at its Mount Vernon port. The $11,249,000 grant was announced Friday by the U.S. Maritime Administration... Read More

Indiana Statehouse DM 1

State revenue continues to fall short of estimates

Indiana's revenue collections missed projections in October. The Indiana State Budget Agency said Friday that General Fund revenues last month totaled just under $1.4 billion, which was 5.7% lower than the December 2023 forecast.... Read More

Hole-in-one: How Westfield secured flagship LIV Golf event

The bid to bring one of the top 2025 events in burgeoning men’s golf league LIV to Westfield was well served by the impression central Indiana left on its executives during the U.S. Olympic Swimming Trials in June. But the journey started months earlier.... Read More

Indiana Wesleyan University Sign

Appeals on Wheels stops at Indiana Wesleyan for arguments in defamation case

Chief Judge Robert Altice Jr., Judge Cale Bradford, and Judge Dana Kenworthy will hear the Nov. 21 arguments beginning at 11 a.m. in the Phillipe Performing Arts Center on the Indiana Wesleyan campus.... Read More

McGinnis memorabilia — including championship rings — to be auctioned Nov. 30

The auction is scheduled to begin at 3 p.m. online with bidding also available in person at Ripley Auctions’ gallery at 5451 N. Rural St. in Indianapolis.... Read More

Construction begins on Amplify Hancock talent training hub

Crews broke ground on Amplify Hancock, a $48 million facility in Hancock County for career-based education to be used by local high schools and Ivy Tech Community College. ... Read More

IEDC head David Rosenberg withdraws ‘premature’ conflict of interest ask

The commission separately approved two waivers for agency employees under outgoing Gov. Eric Holcomb’s administration. U.S. Sen. Mike Braun, also a Republican, is governor-elect.... Read More

Indiana rewards Curt Cignetti for 10-0 season with 8-year contract

Cignetti has done what many thought impossible—leading the Hoosiers, who are No. 5 in both the AP Top 25 and the College Football Playoff rankings, into the top five and putting them on the precipice of a playoff spot in his first season.... Read More

Elanco Global Headquarters

Elanco buys manufacturing facility in England for $25M

Elanco said the facility has played a vital role in producing a number of farm animal product lines for the firm, representing approximately $160 million to $180 million in annual farm animal revenue.... Read More

Most localities still holding onto opioid settlement funds

Four towns failed to meet deadlines for reporting spending, leaving 644 localities in the analysis. Of those, 80% haven’t spent any of their restricted funds, while 82% haven’t dipped into their unrestricted accounts. ... Read More

Holcomb plans trade trip to Saudi Arabia, Kuwait to focus on defense, other industries

It will be Holcomb’s 27th and final international economic development trip as governor, and his first visits to Kuwait and Saudi Arabia.... Read More

This week on Inside INdiana Business with Gerry Dick

... Read More

Gary/Chicago airport announces key $9.8M CITGO agreement

The deal provides the initial procurement funding for the design and layout of what the airport says is critical infrastructure for operations. That design work will begin by the end of the year, the airport said.... Read More

Higher ed commission’s first annual report says Indiana is losing college grads

While Indiana is one of the best states in the county for attracting out-of-state students, the Indiana Commission for Higher Education report finds is is among the last in the nation in retaining students once they graduate college.... Read More

IU Indianapolis arena to be named after late Jim Morris

Morris, who died in July at 81, was one of central Indiana’s most influential business and civic leaders for more than six decades. He served several terms on the university’s board, including twice as its chair.... Read More

Purdue’s inaugural AI summit addresses need for education and training

A panel about AI and the workplace was part of the daylong event that covered a variety of AI-related topics including the technology’s impact on business, education and the workforce.... Read More

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September. But the Fed's steps after that are much less clear.... Read More

Advance Auto Parts closing hundreds of stores in effort to turn business around

Specific locations and the number of employees expected to be affected were not immediately disclosed. A spokesperson for Advance Auto declined to comment further.... Read More

Evansville-based Anu lands grant to develop, commercialize its ‘Keurig for plants’

The company, previously known as GroPod, was awarded a $175,000 Phase I Small Business Innovation Research grant from the U.S. Department of Agriculture’s National Institute of Food and Agriculture. ... Read More

Hillenbrand reports strong fourth quarter revenue, income still falls

Hillenbrand posted a strong fourth quarter, but still reported a $211 million loss for the 2024 fiscal year.... Read More

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Perspectives

Rural Indiana’s entrepreneurial advantage: Building pathways to ignite economic growth

Rural Indiana’s entrepreneurial advantage: Building pathways to ignite economic growth

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