Warsaw-based nonprofit OrthoWorx and the Orthopedics Capital Foundation have received a three-year grant from Lilly Endowment Inc. in Indianapolis to support efforts that promote the city of Warsaw and its "industry cluster" as the Orthopedic Capital of the World. OrthoWorx says the funding could total as much as $2.3 million during the three-year grant period.... Read More
West Lafayette-based Solinftec has closed on a $60 million growth investment round. The company, which has developed a farm operations management software platform, says it will use the funding to grow the platform as it plans for future expansion. Solinftec's software is designed to use artificial intelligence to analyze real-time data on crops, equipment, weather and other factors to help farmers address key issues in a more efficient and sustainable manner.... Read More
The Michigan City Council has approved an annexation of 147 acres of land to help a Fortune 500 company establish a facility there.... Read More
Four central Indiana companies are included in the 2021 Healthiest Employers of Indiana list from First Person Advisors and Springbuk, both of which are based in Indianapolis. The winning companies were selected from more than 300 applications that were scored on six metrics.... Read More
A planned $80 million merger of Fishers-based First Internet Bancorp (Nasdaq: INBK) and First Century Bancorp in Georgia will not proceed... Read More
The University of Notre Dame has received a gift from alumnus Charles Sheedy and his wife, Ellen, that will endow a new liberal arts business program. The university says the Sheedy Family Program in Economy, Enterprise and Society will offer specialized coursework and resources for undergraduate students interested in the practice of business through the liberal arts.... Read More
The Indiana Housing and Community Development Authority and Lieutenant Governor Suzanne Crouch last week celebrated the 150th successfully funded CreatINg Places campaign. The campaign is IHCDA’s placemaking program allowing nonprofit or local governments to raise funds for place-based improvements within their communities, and if they hit their goal, the IHCDA provides a dollar-for-dollar match. ... Read More
A fifth-grade teacher in the rural northern Indiana community of Nappanee is doing his part to fuel the state’s STEM pipeline. In the heart of Amish Country, Jake Simons not only created a robotics program from scratch, against all odds he built a program that won the 2019 robotics world championship. ... Read More
Inspired by the senses at a young age, Matt Rubin has taken that curiosity to a new level in his adult years. The founder and chief executive officer of Indianapolis-based True Essence Foods joins AgriNovus Indiana CEO Mitch Frazier on this week's Ag+Bio+Science podcast to talk all things SoChatti Chocolate, his lingering curiosity driving innovation in food and the company’s approach to sustainability.... Read More
An Indianapolis-based startup took home the $50,000 grand prize in the McCloskey New Venture Competition at the University of Notre Dame. Chuqlab Inc. has developed CrimeMiner, a software platform that transcribes audio and video files relevant to criminal investigations, such as jail phone calls and body cam footage.... Read More
A major mixed-use development is being proposed at the site of the former CSX building across the street from Gainbridge Fieldhouse in downtown Indianapolis. Our partners at the Indianapolis Business Journal report the $250 million project would feature two towers that include a hotel, apartments and retail space.... Read More
Indianapolis-based CertaSite, a commercial fire protection company, has acquired Midwest Fire Protection in Michigan. With nearly 30 years serving southern Michigan, CertaSite says Midwest’s reputation in the region will allow it to grow its customer base and expand into new markets under the CertaSite umbrella.... Read More
Kokomo-based Haynes International Inc. (Nasdaq: HAYN) is reporting fiscal second quarter net income of $8.5 million, compared to a net loss of $3.6 million during the same period last year. Chief Executive Officer Michael Shor says the company saw a recovery in its three core markets, led by the aerospace industry, during the quarter.... Read More
Parkview Health in Fort Wayne has received a grant from the U.S. Department of Agriculture totaling more than $460,000 that will be used to support efforts to reduce food insecurity. Parkview says the funding will support its Veggie Rx to HEAL program, which provides fresh produce and nutrition education to low-income adults who are at-risk for food insecurity and chronic health conditions in Allen County.... Read More
EmployIndy has launched an effort aimed at reversing the trend of people quitting their jobs because they don't make enough money or don't get the benefits they need. The organization has launched the Good Wages Initiative, which certifies and highlights employers throughout Marion County that provide full-time wages of at least $18 per hour and and access to health insurance benefits. ... Read More
The Indianapolis Motor Speedway has announced Chicago-based insurance, risk management and consulting services firm Gallagher will serve as the title sponsor of one of the NTT INDYCAR SERIES races on the IMS road course. The Gallagher Grand Prix will be part of the Brickyard tripleheader at the end of July.... Read More
A bankruptcy court judge in South Bend has thrown out a Chapter 11 bankruptcy filing by Chicago-based Ton Real Estate Investments X LLC, the buyer of Concord Mall in Elkhart. The Elkhart Truth reports the decision allows the mall's previous owner to continue efforts to sell to a new buyer.... Read More
Indiana University Health is reporting a first quarter operating loss of $29.8 million. The Indianapolis-based health system says expenses stemming from the COVID-19 pandemic outpaced gains in operating income.... Read More
Carmel-based CNO Financial Group Inc. (NYSE: CNO) has acquired a minority interest in Rialto Capital, an investment management company headquartered in Miami. CNO has also agreed to invest in a number of Rialto-managed investment vehicles.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is reporting first quarter net income of $112.7 million, a 137% increase over the same period last year. Chief Executive Officer Andy Nemeth attributes the results to improved scheduling and more consistent material procurement, as well as strong production levels across all end markets.... Read More
