Manufacturer completes $20M investment in Richmond

An insulation and commercial roofing company has completed a $20 million investment in its Richmond facility. Johns Manville says the effort supported new equipment for its blowing wool insulation manufacturing process and helped retain more than 100 jobs.... Read More

Clarksville man sentenced to prison for investor scheme

A Clarksville man has been sentenced to 40 months in federal prison for wire fraud and money laundering offenses related to an investment scheme. The United States Attorney’s Office Southern District of Indiana says Anthony Todd Leonard bilked investors out of more than $1.4 million.... Read More

BMO Harris Bank announces minimum wage increase

Chicago-based BMO Harris Bank is planning to raise its minimum hourly wage to $20 per hour beginning August 7. The bank, which has a large presence in Indiana, says the wage increases will apply to full- and part-time branch and customer contact center employees, as well as new hires and current employees who earn below the new minimum base pay for their position.... Read More

Muncie community foundation growth leads to expansions

The Community Foundation of Muncie and Delaware County Inc. says its assets have reached a record high of $88 million since the end of 2021. The foundation says the growth has created the need for additional capacity, including increases in staff size and office space.... Read More

Evansville mayor not seeking re-election

Evansville Mayor Lloyd Winnecke will not be seeking a fourth term in 2023. The mayor, who was first elected in 2011, says the time has come for voters to "choose another person to lead this city for the next term and beyond."... Read More

Telix Pharmaceuticals names CEO of U.S. operations

Australia-based Telix Pharmaceuticals Limited has appointed Kevin Richardson as chief executive officer of Telix Americas. The nuclear medicine company says Richardson most recently served as chief operating officer of UroShape Medical, a Florida-based company that developed medical devices.... Read More

Southern Indiana couple taking Mom Water nationwide

A vacation in the Dominican Republic forever changed the lives of a husband and wife from the Dubois County town of Ferdinand. Jill and Bryce Morrison left their lifelong careers in healthcare to bring Jill's new favorite drink to life with the creation of Mom Water in late 2019. ... Read More

Exhibit Columbus introduces university fellowship

Landmark Columbus Foundation has announced plans for a new fellowship in the 2022–23 cycle of Exhibit Columbus. Through the University Design Research Fellowship Competition, the foundation says more than $70,000 will be awarded to full-time university and college professors from any area of design, architecture, art, and landscape architecture to participate in Exhibit Columbus.... Read More

Parking kiosk technology receives $2M seed funding

Indianapolis-based Parker Technology has closed on a $2.2 million seed round it says will help the software and services company to scale operations. The technology is used by parking garages to provide customer support at automated payment kiosks.... Read More

Notre Dame receives $2.6M to support college prep

The University of Notre Dame is the recipient of a more than $2.6 million grant from the U.S. Department of Education. The grant, which was awarded to Notre Dame Upward Bound, will help support South Bend Community School Corp. students with access to higher education.... Read More

Steve Simon: ‘I’m a Hoosier, through and through’

The man in line to become the next owner of the Indiana Pacers has been running a private equity firm in San Francisco for more than 20 years. But don’t let that fool you. Steve Simon, the eldest son of current owner Herb Simon, is as connected as ever to the franchise and his Indianapolis roots. ... Read More

Kaiser declares force majeure at its Warrick operation

Tennessee-based Kaiser Aluminum Corp. (Nasdaq: KALU) announced Thursday it has declared force majeure at its Warrick Rolling Mill in Newburgh. The company says the move is due to the limited availability of magnesium used in the production of some of its aluminum beverage and food packaging products.... Read More

Inotiv facing shareholder lawsuit over stock drop

Inotiv Inc. (Nasdaq: NOTV), a West Lafayette-based pharmaceutical testing company, has seen its stock price soar—and later plunge—following its announcement last fall that it planned to acquire Indianapolis-based Envigo RMS LLC, which breeds and sells animals used in lab testing.... Read More