TechPoint, the state initiative to grow Indiana’s technology ecosystem, has received a $750,000 gift from Microsoft Philanthropies to help upskill career-changing adults who want to enter the tech workforce. The nonprofit says the funding will allow it help guide adults towards skills-focused training, as opposed to a traditional college degree.... Read More
The federal Economic Development Administration is awarding a $1.5 million grant to Indiana Tech in Fort Wayne to support workforce training efforts. The funding, which comes from the American Rescue Plan Act, will allow the school to purchase technical equipment that will support 11 engineering- and manufacturing-related certification programs.... Read More
Shareholders of Columbus-based Cummins Inc. (NYSE: CMI) said “no” Tuesday to a proposal to split the duties of chairman and chief executive officer, a dual role currently held by Tom Linebarger. Our partners at the Daily Journal report shareholders rejected the proposal during the company’s annual shareholder meeting.... Read More
The Auburn Plan Commission has given its approval for a planned $42 million sports park. Our partners at WPTA-TV report the vote, which had been delayed for several months, will allow developer Auburn Sports Group to begin work on the project.... Read More
Indianapolis-based Duke Realty Corp. (NYSE: DRE) says the $24 billion offer from logistics real estate firm Prologis Inc. (NYSE: PLD) to acquire the business is “insufficient.” ... Read More
The Indiana Department of Education has announced a partnership with 69 schools throughout the state to launch programs that will provide coaching to teachers in reading or STEM subjects. The IDOE is deploying $20 million from the second round of the Elementary and Secondary School Emergency Relief Fund to cover the full cost of programming for the 2022-2023 school year.... Read More
Louisiana-based The Purple Guys, a provider of managed IT services, has completed the acquisition of Accelerate, an Indianapolis-based IT services provider. While financial terms of the deal were not disclosed, The Purple Guys says the acquisition expands its presence in the central U.S. and provides additional resources and support for clients.... Read More
enFocus Inc. was started a decade ago to bring a greater entrepreneurial spirit to northern Indiana. The South Bend-based nonprofit, which also has an office in Elkhart, connects recent graduates with local organizations to tackle tough challenges while also focusing on its mission to attract, develop and retain talent in the region. ... Read More
University of Indianapolis President Robert Manuel will soon be leaving Indy to become the next president of DePaul University in Chicago. Manuel has served as UIndy's president since 2012 and will begin his new role on August 1.... Read More
Grow Wabash County has unveiled the winners of the 2022 INnovate Wabash County student pitch competition. The event featured student entrepreneurs pitching their business ideas to a panel of business professionals, entrepreneurs and mentors. ... Read More
Fort Wayne-based SOLV Holdings, which is an affiliate of private equity firm Ambassador Enterprises, has acquired Custom Sound Designs, an audio, visual, lighting, and acoustic design firm headquartered in New Haven. While financial terms of the deal were not disclosed, SOLV says CSD has a track record of growth, expertise, and successful project execution.... Read More
An Indianapolis-based agtech startup has closed on a $1.3 million seed round of funding. Smart Apply Inc., which has developed a precision spray system designed to reduce pesticide use and costs, says it will use the funding to further preparations for an upcoming Series A round.... Read More
San Francisco-based logistics real estate firm Prologis Inc. (NYSE: PLD) has made a public proposal to Duke Realty Corp. (NYSE: DRE) Chief Executive Officer James Connor to acquire the Indianapolis-based firm in an all-stock deal valued at nearly $24 billion. Prologis CEO Hamid Moghadam says his company has unsuccessfully tried to privately make a deal since November.... Read More
Thrive West Central has launched a Regional Housing Initiative to address current challenges in the housing sector. The first phase of the efforts will involve the development of a regional housing study and action plan for the west central Indiana region.... Read More
After a long stint in real estate, Lacy Clark decided to quit corporate America and pursue her 10-year dream: owning a food truck. Clark launched The Wine Trough last spring and since that time has traveled to virtually every corner of Indiana, quickly becoming a hit at venues throughout the state. ... Read More
Purdue University and Wabash, formerly Wabash National, have formed an educational partnership that will train employees to implement and lead digital efforts to match pace with the changing industry.... Read More
The Fort Wayne Redevelopment Commission has agreed to acquire the PepsiCo (Nasdaq: PEP) warehouse site in a $4.5 million deal. The Journal Gazette reports PepsiCo plans to invest $19 million in a new warehouse and distribution center near Fort Wayne International Airport.... Read More
Several Indiana-based breweries took home medals at this year's World Beer Cup Competition. The event featured more than 10,000 entries from nearly 2,500 breweries around the world.... Read More
The Indiana Sports Corp has announced President Ryan Vaughn is resigning and will officially step down July 1. The organization says Vaughn, who has served as president since 2014, is leaving to pursue an opportunity in the private sector.... Read More
Indianapolis-based Elevate Ventures has hired a new entrepreneur-in-residence in central Indiana. Elevate says Titilayo (Titi) Obasanya will lead and advise entrepreneurs who want to start and grow a business.... Read More
