Urban One will pay $25 million to acquire Emmis Communications Corp.’s Indianapolis radio stations, according to details of the deal disclosed in a Friday filing with the U.S. Securities and Exchange Commission.... Read More
The Indiana Economic Development Corp., in partnership with Conexus Indiana, announced the sixth round of awards totaling nearly $4 million in Manufacturing Readiness Grants. The IEDC says the grants are being awarded to 43 Indiana businesses, supporting more than $46 million in technology-enabled capital investment.... Read More
Warsaw-based nonprofit Cardinal Services has named Vickie Lootens as its new executive director. Lootens will succeed Matthew Boren, who is resigning from the position.... Read More
The Dubois County Community Foundation is the recipient of a $400,000 donation from the estate of Clement M. “Clem” Lange. The gift is designated for the Clem and Mary Lange Best Chairs Endowment for the Benefit of Ferdinand, Holland, and St. Henry, which was established in 2002 by Clement and Mary Lange.... Read More
Governor Eric Holcomb says the $649 million South Shore Double Track project will be a "ginormous magnet" for growth in northwest Indiana. Federal, state and local officials broke ground this morning on the project, which will add 18 miles of new track on the South Shore Line between Michigan City and Gary. ... Read More
A spin-off of Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) has announced plans to locate its global headquarters in Fishers. BiomEdit LLC, which focuses on microbiome innovation in animal health, says the city will best support its approach to research and development.... Read More
The development firm behind the planned $20 million redevelopment of Lafayette Square Mall in Indianapolis plans to close the property over a three month period to further renovation efforts. Sojos Capital says the move will bring the Window to the World transformation to fruition more quickly.... Read More
Indianapolis-based F.C. Tucker Co. says central Indiana continued to see an increase in home prices and housing inventory in May. Pended home sales in the 16-county region dropped 2.2% compared to the same month last year.... Read More
The Indiana University Board of Trustees has approved a $4 billion operating budget for the 2023 academic year. The budget, which was approved at the board's June meeting, includes a compensation increase for employees.... Read More
Fort Wayne-based 3Rivers Federal Credit Union is planning to expand in central Indiana. The credit union says it will invest $7.5 million to build three branch locations in Muncie, Pendleton, and Fortville.... Read More
Indiana Commissioner for Higher Education Chris Lowery says it will take an aggressive, “all hands on deck” approach for the state to reverse a steep decline in the number of Hoosier high school graduates attending college.... Read More
An Indianapolis-based manufacturer of LED lighting fixtures is expanding operations to Ripley County. IKIO LED Lighting LLC says it will invest $25 million to establish a manufacturing and warehousing facility in the Batesville Industrial Park and create 30 jobs over the next five years.... Read More
A Pittsburgh-based development and management company has broken ground on a 210,000-square-foot facility at the River Ridge Commerce Center in Charlestown. MR3 Development says it is marketing the industrial building for use by a manufacturing, technology, e-commerce or food production businesses.... Read More
Federal, state and local officials will be on hand Monday to break ground on the much anticipated South Shore Double Track project. The $649 million project will add a second, 16.9-mile track next to the existing line between Gary and Michigan City.... Read More
Indiana tourism officials are betting big on efforts to bring more visitors to the state, in part with a campaign they hope will set the stage for a significant funding increase from the General Assembly next year.... Read More
The Muncie-based Ball Brothers Foundation has announced funding for 33 projects. The more than $2.4 million in funding includes projects dealing with soil and water quality, watershed planning and water recreation.... Read More
The creator of a southern-themed restaurant took top honors in Thursday's Pitch Black competition hosted by Launch Terre Haute. Tawana Hemphill was awarded a $2,000 cash prize, in addition to a variety of services to help her get Kiss of the South up and running. ... Read More
The Ball State University Board of Trustees has approved a freeze on room and board and parking fees for the second consecutive year. The university says the move is part of an effort to keep costs affordable for students in the 2022-2023 academic year.... Read More
Indiana’s unemployment rate remained at 2.2% for the month of May. The Indiana Department of Workforce Development says the state added more than 16,000 jobs last month.... Read More
Attorney General Todd Rokita says Indiana will receive $2.9 from software company Intuit (Nasdaq: INTU) over alleged deceptive advertising for its TurboTax program. Indiana’s settlement is part of a $141 million settlement with all 50 states and the District of Columbia.... Read More
