Caterpillar planning $725M expansion in Lafayette

Construction equipment manufacturer Caterpillar is planning a major expansion to its Large Engine Center in Lafayette. The Texas-based company will invest $725 million to build and equip a 300,000-square-foot addition to the 1.6 million-square-foot facility.... Read More

Shell buildings planned for River Ridge

A pair of companies based in Louisville, Kentucky is planning to develop two industrial buildings at River Ridge Commerce Center in Jeffersonville. Summit Construction LLC and LDG Group have acquired more than 20 acres of land in the industrial park for...... Read More

IU Health operating income nearly tripled in 2023

Indiana University Health, the state’s largest hospital system, said operating income nearly tripled last year, due to strong growth in outpatient care and slightly higher admissions and emergency care. The Indianapolis-based network on Thursday reported...... Read More

Tyson delaying closure of Corydon facility

The previously announced closure of the Tyson Foods chicken processing facility in Corydon is being delayed. The company said in an updated WARN notice filed with the state that some operations at the facility will continue until April 6.... Read More

Jasper County insurance firm acquired

Financial Arts Inc., an insurance brokerage firm headquartered in the Jasper County town of DeMotte, is under new ownership. Sacramento, California-based Inszone Insurance Services has acquired Financial Arts, though financial terms are not being disclosed.... Read More

Churchill Downs to build new Owensboro development

The developer behind the new casino in Terre Haute has unveiled plans for another gaming venue near Indiana's southern border. Louisville-based Churchill Downs Inc. said Wednesday it will invest $100 million to build Owensboro Racing & Gaming in Kentucky.... Read More

Allison Ventures invests in clean earth magnet maker

The venture capital arm of Allison Transmission announced Tuesday an investment in Niron Magnetics, whose permanent magnet made without rare-earth materials was named one of Time’s best inventions of 2023. Allison Ventures joined others in providing...... Read More