Franklin Electric sees annual profit

Fort Wayne-based Franklin Electric Co. is reporting full-year net income of $189 million, compared to $155 million during 2021. CEO Gregg Sengstack said the company saw another record full year for sales, operating income and earnings per share.... Read More

Insurance company to open healthcare facility in Fort Wayne

Fort Wayne-based Physicians Health Plan of Northern Indiana plans to build a primary care facility in partnership with Premise Health, a Tennessee-based primary care provider that operates more than 800 centers nationwide. The new center, which will be located in Fort Wayne, will provide access to primary care services for select employer groups that carry PHP insurance.... Read More

Big bonus year for steelworkers

Steelworkers at U.S. Steel Corp. (NYSE: X) plants in northwest Indiana earned more in bonus pay last year than the median income in Lake County, according to our partners at The Times of Northwest Indiana. The Pittsburgh-based steelmaker paid out record profit-sharing bonuses of up to $43,000 to thousands of steelworkers last fiscal yea... Read More

Food tech innovator looking toward growth

Indianapolis-based food tech company True Essence Foods is continuing efforts to scale its proprietary technology and eventually grow into a multi-national corporation. The company has developed two platform technologies that help...... Read More

Martinsville Treatment Services opens

A new opioid addiction treatment center is now open and serving patients as part of the Recovery Works Martinsville campus. Martinsville Treatment Services provides medication-assisted treatment for adults who have become addicted to heroin, prescription painkillers, and other opioids.... Read More

Fort Wayne begins work on $65M mixed-use project

Officials in Fort Wayne broke ground Tuesday on the first phase of a $65 million mixed-use development. Phase one of the Village Premier project will include more than 200 units of affordable rental housing and nine market rate single-family homes.... Read More

Elwood Staffing continues expansion

Columbus-based Elwood Staffing is adding to its portfolio with two recent acquisitions. The company this month purchased Missouri-based Advanced Personnel, which came just weeks after its acquisition of IES Custom Staffing Solutions in Idaho.... Read More

LCI Industries reports full-year gains

Elkhart-based LCI Industries is reporting record full-year net income of $395 million, up from $288 million during 2021. CEO Jason Lippert says diversification and staffing actions helped mitigate the impact on earnings.... Read More

Randolph County receives first READI disbursement

A business incubator and education hub in Union City is the first recipient of funds disbursed from the East Central Indiana Regional Partnership’s portion of the state’s $500 million READI program. The Vision Corner Learning Center in Randolph County will receive $400,000 that will help pay for exterior and interior building improvements.... Read More

BioCrossroads CEO Martin to step down in April

Patty Martin, president and CEO of BioCrossroads since 2019, said Tuesday she plans to step down from the organization in April to examine opportunities in the private sector. The not-for-profit organization did not name a successor.... Read More