Grant to Fund Accelerator in Lafayette

Greater Lafayette Commerce says it plans to use a nearly $5 million grant from the Indiana Department of Education to create a new accelerator program. The nonprofit economic and workforce development organization says the program is designed to help students overcome hurdles caused by the pandemic and graduate from high school ready for a career and continued education.... Read More

Lilly Partnering with Canadian Pharma Company

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has inked a research and collaboration agreement with Entos Pharmaceuticals in Canada. Lilly says the deal will support the development of therapies for multiple neurologic conditions.... Read More

SIMBA Chain Hires COO

South Bend-based SIMBA Chain has hired Joe Matz as its chief operating officer. The company says Matz, a 25-year veteran in licensing and finance for Microsoft, had consulted with the blockchain company for the last two years before accepting a full-time leadership role.... Read More

This Week on Inside INdiana Business with Gerry Dick 1/7/22

Indianapolis businesses are cashing in big-time this weekend on college football’s grand finale. The College Football Playoff National Championship between Alabama and Georgia is expected to draw 100,000 visitors to the city and pump more than $150 million into the economy. Chris Gahl has details on the event’s overall impact on tourism.... Read More

Study: Homeownership Decreases in Marion County

A new report from the Fair Housing Center of Central Indiana says homeownership in Marion County has declined 11% over the past decade. The nonprofit adds while mortgage applications are at their highest levels since the Great Recession, the county continues to see "dramatic lending disparities," particularly due to race and ethnicity.... Read More

Merck to Acquire Indy Company in $780M Deal

A Hoosier biopharmaceutical contract development and manufacturing organization will soon be under new ownership. Germany-based Merck KGaA has announced plans to acquire Exelead, headquartered in Indianapolis, in a $780 million deal. Merck ... Read More

Comfort Systems USA Buys Indy Companies

Houston-based Comfort Systems USA Inc. (NYSE: FIX) has acquired MEP Holding Co. Inc., including its subsidiary Edwards Electrical & Mechanical Inc. in Indianapolis. Comfort Systems USA has also acquired Thermal Service LLC and TES Controls LLC in Kentucky and temporary staffing company Kodiak Labor Solutions LLC in Indy.... Read More

Wayne Township Board of Ed to Allow Referendum to Expire

The Metropolitan School District of Wayne Township will let its 2015 operational referendum expire. The MSD Wayne Board of Education, which finalized the decision at its meeting earlier this week, says the district was facing a number of financial difficulties when it passed the referendum.... Read More

Trucking Company Announces Layoffs

Muncie-based Nash and Sons Trucking Inc. has notified the state it is temporarily laying off 75 workers. The trucking company says the layoffs will take place at its four Indiana locations. ... Read More

The Mill Expands Lineup

Bloomington-based business incubator and coworking space The Mill is expanding its lineup of pitch competitions for Indiana-based startups... Read More

Indianapolis Prize Boosts Finalist Awards

The finalists for what is considered the most prestigious award in animal conservation will now receive larger monetary awards. The Indianapolis Prize says the finalists will each receive $50,000 instead of the previously-awarded $10,000, thanks to a grant from Indy-based Lilly Endowment Inc.... Read More

Autonomous Challenge Winner Launches Spinoff Company

The winner of the inaugural Indy Autonomous Challenge has launched a spinoff company. TUM Autonomous Motorsport, the team from Technische Universität München in Germany, says driveblocks aims to develop a platform for fully autonomous vehicle applications.... Read More