Allegion Ventures Launches $100M Fund

Carmel-based Allegion Ventures has launched a $100 million investment fund. The corporate ventures arm of Ireland-based Allegion plc (NYSE: ALLE) says the fund was driven by the momentum created through its first fund, which was established in 2018. Bobby Prostko, who will serve as... Read More

Frontier Service Partners Enters Indiana Market

Tennessee-based residential services company Frontier Service Partners is expanding into Indiana with the acquisition of Korte Does It All in New Haven. Frontier says Korte, which provides residential HVAC, plumbing and electrical services in the Fort Wayne area, builds on its existing Midwestern footprint.... Read More

Brownstown Company Moving to Industrial Park

An excavation and concrete business in Jackson County is making a big move. S&J Excavation and Concrete LLC, which previously operated out of the owners' home, plans to invest up to $1 million to set up shop at the Brownstown Industrial Park.... Read More

Vacant IPS Building to House Homeless This Winter

A former Indianapolis Public Schools building is temporarily getting new life this winter. Our partners at WFYI report the former Susan Roll Leach, IPS 68 building on the city’s northeast side will be used to house women, children and families experiencing homelessness as part of the city’s winter contingency plan.... Read More

Indiana National Guard Makes Promotion

The Indiana National Guard has promoted Brig. General Justin Mann of Freedom as its newest general. Mann received his one-star rank from his wife and their children during a ceremony at the Indiana War Memorial.... Read More

Metal Recycler Lands Major Funding

Fort Wayne-based Sortera Alloys has closed on a $10 million round of funding led by Breakthrough Energy Ventures in Washington. The company, which has developed a technology platform for the industrial recycling industry, says it will use the funding to scale operations and add jobs.... Read More

IEDC to Host READI Presentations

The Indiana Economic Development Corp. is in the midst of hearing plans for the $500 million Regional Economic Acceleration and Development Initiative. Six of the 17 regions that have submitted plans will Wednesday make their presentations to the READI review committee.... Read More

Allison Transmission to Develop Electric Motorsport Trucks

Indianapolis-based Allison Transmission (NYSE: ALSN) is partnering with Team de Rooy, a multiple-time winner of the Dakar Rally race, to develop electric trucks for motorsport competitions. The company says testing is scheduled to begin on an electric truck equipped with a conventional Allison transmission in early 2022.... Read More

Pacers Hire First Senior VP for Diversity, Inclusion

Pacers Sports & Entertainment has hired Tracy Ellis-Ward as its first senior vice president for diversity, equity, and inclusion. Ellis-Ward previously worked for the BIG EAST Conference, where she served as chief diversity, equity, and inclusion officer and senior associate commissioner since 2015.... Read More

Giving Tuesday…and Beyond

Black Friday, Small Business Saturday, and Cyber Monday all encourage people to buy. But today is about supporting nonprofit organizations. Since 2012, Giving Tuesday has become a day of heightened generosity when people give to their favorite charities. ... Read More

Open LMS Partners With Pancare Foundation

Open LMS, an Indianapolis-based learning systems provider, is partnering with Pancare Foundation, a nonprofit based in Australia that supports people affected by upper gastrointestinal cancers. As part of the pro-bono partnership, Open LMS says it will provide Pancare with its open-source learning platform for Pancare’s volunteer training program.... Read More

IURC Approves CenterPoint Rate Case Agreement

The Indiana Utility Regulatory Commission has approved a settlement agreement over a rate increase request from the Indiana-based gas utility for CenterPoint Energy Inc. (NYSE: CNP). The Indiana Office of Utility Consumer Counselor says the agreement will reduce the utility's annual base rates by nearly $6 billion, though customers will still see increases on their bills.... Read More