News

Farmland Values Continue to Climb

Over the past three months, the value of good Indiana farmland has increased 8% over the previous quarter, according to the latest data from the Seventh Federal Reserve District in Chicago. The Fed also says year-over-year, the value has increased 23% in the Hoosier State.... Read More

Earlham College Breaks Ground on Retail Center

Earlham College has broken ground on a new retail center that will feature dining and shopping options close to campus. President Anne Houtman says the school is utilizing an unused area of campus for the new student destination.... Read More

PNW Names Winners of Pitch Competition

Purdue University Northwest has named the three winners of its Big Sell competition held at the university's College of Business and College of Technology. PNW says 12 finalists delivered six-minute pitches to a three-member panel of judges made up of local entrepreneurs.... Read More

IDHS Names New EMS Medical Director

The Indiana Department of Homeland Security has named Dr. Eric Yazel as the new chief medical director for Indiana EMS. He currently serves as Clark County health officer and succeeds Dr. Michael Kaufmann, who stepped down in April.... Read More

Terre Haute Plant Part of $3B Acquisition

North Carolina-based Nucor Corp. (NYSE: NUE) has announced plans to acquire C.H.I. Overhead Doors in Illinois in a deal valued at $3 billion. Nucor, which has multiple locations in Indiana, says the deal includes the overhead door manufacturer's plant in Terre Haute.... Read More

ProTeam Tactical to Open Merrillville Location

Indianapolis-based ProTeam Tactical Performance is preparing to open its first location outside of central Indiana. The company, which helps first responders recover from and prevent injuries in a manner similar to collegiate and professional athletes, will bring its model to Merrillville beginning May 23.... Read More

Indy Community Justice Campus Opens

Indianapolis Mayor Joe Hogsett, along with city officials and community partners, celebrated the opening of the new Indianapolis-Marion County Community Justice Campus on the city’s southeast side Monday. The $575 million complex houses the Marion County Superior Court, Marion County Circuit Court, Marion County Sheriff’s Office, the Adult Detention Center and the Assessment and Intervention Center.... Read More

Carmel Firm Constructing Solar Array at Feed Mill

Carmel-based energy strategy firm Solential Energy is working with The Maschhoffs LLC, a hog production company headquartered in Illinois, to construct a 3.06-megawatt solar array at the company's Griggsville Feed Mill. The partners say the project will help offset rising energy costs while furthering sustainable farming practices.... Read More

Elkhart Janitorial Supplier Acquired

Elkhart-based Tepe Sanitary Supply Inc. has been acquired by Imperial Dade, a distributor of food service packaging and janitorial supplies located in New Jersey. While financial terms of the deal were not disclosed, Imperial Dade says customers will benefit from the expanded product and service offerings.... Read More

Teen’s Nonprofit Aims to ‘Plant Seeds’ of Financial Literacy

A 16-year-old student in Greencastle is looking to fill the financial literacy gap among students in his community. Isaac Hertenstein founded the nonprofit Students Teaching Finance, a program that was inspired by the lack of financial education in his school and throughout Indiana, which is not one of 13 states in the U.S. that requires a personal finance class.... Read More

Goshen Steel Company Denied Tax Break

Steel Harbor LLC, a stainless steel fabrication startup based in Goshen, was denied economic incentives from the Elkhart County Council. The Elkhart Truth reports the company plans to spend more than $6 million to build and equip a 55,000-square-foot facility in the Elkhart East business park.... Read More

Allison Transmission, Xos to Develop Heavy-Duty EVs

Indianapolis-based Allison Transmission Inc. (NYSE: ALSN) is partnering with Xos Inc. (Nasdaq: XOS), a Los Angeles-based manufacturer of Class 5 through Class 8 battery-electric vehicles, to jointly develop heavy-duty Class 7 and 8 commercial electric vehicles. Allison says its eGen Power e-Axles will be integrated into Xos Class 7 and 8 100% battery-electric commercial vehicles.... Read More

RV Sector Weathering Economy…For Now

In the face of strong economic headwinds and supply chain issues, the recreational vehicle industry is registering double digit sales gains and that’s good news for northern Indiana, which produces nearly 90% of all RVs in the U.S. But Economic Development Corp. of Elkhart County Chief Executive Officer Chris Stager says rising gas prices could quickly change things. ... Read More

FDA Approves New Lilly Diabetes Treatment

The U.S. Food and Drug Administration has approved a new drug from Eli Lilly and Co. (NYSE: LLY) to treat type 2 diabetes that is also shown to help with weight loss. The FDA says Mounjaro "was effective at improving blood sugar and was more effective than the other diabetes therapies with which it was compared in clinical studies."... Read More