Goshen Steel Company Denied Tax Break

Steel Harbor LLC, a stainless steel fabrication startup based in Goshen, was denied economic incentives from the Elkhart County Council. The Elkhart Truth reports the company plans to spend more than $6 million to build and equip a 55,000-square-foot facility in the Elkhart East business park.... Read More

Allison Transmission, Xos to Develop Heavy-Duty EVs

Indianapolis-based Allison Transmission Inc. (NYSE: ALSN) is partnering with Xos Inc. (Nasdaq: XOS), a Los Angeles-based manufacturer of Class 5 through Class 8 battery-electric vehicles, to jointly develop heavy-duty Class 7 and 8 commercial electric vehicles. Allison says its eGen Power e-Axles will be integrated into Xos Class 7 and 8 100% battery-electric commercial vehicles.... Read More

RV Sector Weathering Economy…For Now

In the face of strong economic headwinds and supply chain issues, the recreational vehicle industry is registering double digit sales gains and that’s good news for northern Indiana, which produces nearly 90% of all RVs in the U.S. But Economic Development Corp. of Elkhart County Chief Executive Officer Chris Stager says rising gas prices could quickly change things. ... Read More

FDA Approves New Lilly Diabetes Treatment

The U.S. Food and Drug Administration has approved a new drug from Eli Lilly and Co. (NYSE: LLY) to treat type 2 diabetes that is also shown to help with weight loss. The FDA says Mounjaro "was effective at improving blood sugar and was more effective than the other diabetes therapies with which it was compared in clinical studies."... Read More

State Revenue Again Beats Estimates

Indiana once again beat the most recent revenue projections in April. The Indiana State Budget Agency says General Fund revenues last month totaled more than $3.3 billion, which was 17.5% higher than the December 2021 forecast and nearly 50% higher than the same month last year.... Read More

Bloomington, Meridiam Plan $50M Fiber Network

Paris-based infrastructure company Meridiam is planning to invest more than $50 million to bring high-speed internet access to every resident in the city of Bloomington. The city says Meridiam will build and operate an open-access-model fiber network that will provide net neutrality and digital equity opportunities.... Read More

Jet Access Launches Pilot Development Program

Hancock County-based Jet Access Flight Training is launching a Pilot Development Program that it says will help offset the growing pilot shortage. Jet Access says it will sponsor the first certificate of flight training for 22 students who join its Advanced Commercial Track program at Columbus Municipal Airport.... Read More

IPS Deal Gives AfterSchool HQ Chief a Chance to Give Back

The co-founder and CEO of Fishers-based AfterSchool HQ says the startup's recently-announced partnership with Indianapolis Public Schools is a chance to help students find their passion the same way he did. Through the partnership, parents of IPS students will be able to use the startup's online platform to find and register their kids for extracurricular activities. ... Read More

Shady Creek Winery to Celebrate Grand Reopening

Shady Creek Winery in Michigan City will Saturday mark its grand reopening. The winery underwent a $2.5 million renovation that began in 2020 to boost production capacity and add amenities such as a new event center and rooftop patio.... Read More

Hoosier Communities Among ‘Most Livable Small Cities’

Several Indiana cities, including three in the top 15, are included in SmartAsset's 2022 edition of the “Most Livable Small Cities in the U.S.” The financial planning website analyzed data on 286 cities with between 65,000 and 100,000 residents, using metrics such as proximity to entertainment venues, restaurants, bars and healthcare establishments.... Read More

Skill Precast Expanding in Knox County

Vincennes-based Skill Precast LLC is planning to build a new manufacturing site in Knox County. The company, which makes precast concrete wall panels and pole bases, says it will invest $2.2 million to construct the facility and create up to 15 jobs.... Read More

Berry Global Ups Emission Reduction Target

Evansville-based Berry Global Group Inc. (NYSE: BERY) is boosting its efforts to reduce greenhouse gas emissions. The company says it has committed to reducing its Scope 3 greenhouse gas emissions 25% by 2025, after surpassing its initial goal of 8% four years ahead of schedule.... Read More

AT&T to Build Fiber Network in Boonville

AT&T has announced a $4.4 million project to bring a fiber network to more than 4,000 locations in Boonville. AT&T says the network is expected to be built within 18 months after a signed final agreement, and is contingent upon the city of Boonville funding the final contract. ... Read More

Boat Maker Expanding in Elkhart

A manufacturer of pontoon and deck boats has broken ground on a $10 million expansion in Elkhart. Godfrey Marine says the expansion to its manufacturing facility will add more than 50 jobs over the next 18 months.... Read More