While Hoosiers are feeling the impact of surging inflation from the gas pump to the grocery store, Ball State economist Mike Hicks says there is evidence things might not be as devastating as some originally thought in Indiana. Hicks believes plans by the Federal Reserve to aggressively increase interest rates throughout 2022 will stave off an economic downturn or recession. ... Read More
Indianapolis-based Jefferson Electric is launching a new division focused on providing more options for people to go solar. The company says Jefferson Electric Off-Grid will design and install off-grid solar systems for homes, recreational vehicles, and agricultural settings.... Read More
President Joe Biden has announced his intent to nominate Nasser Paydar for Assistant Secretary for Postsecondary Education in the Department of Education. Paydar recently retired as chancellor of IUPUI.... Read More
Seattle-based Porch Group Inc. (Nasdaq: PRCH), a provider of software for the home services and insurance industries, has announced plans to acquire the home warranty and home inspector software and services business of Residential Warranty Services Inc. in Carmel. The deal is valued at $33 million in cash and stock.... Read More
Governor Eric Holcomb will lead an economic development trip to Slovakia and Israel later this month. Holcomb's office says the trip will focus on increasing Indiana’s international engagement and cultivating new business relationships in central Europe and the Middle East.... Read More
The AWS Foundation in Fort Wayne is awarding a second round of Vantage Grants totaling more than $3.2 million to four nonprofit disability service providers in northeast Indiana. The foundation says the Arc of Wabash County, Life Adult Day Academy, The League, and The Arc of LaGrange will each receive a portion of the funding.... Read More
New Hampshire-based Senet Inc., a provider of cloud-based software and services, and GRiT Technologies LLC, located in the Gibson County town of Haubstadt, are forming a partnership to deliver carrier-grade LoRaWAN connectivity to the Ohio River Valley and surrounding areas. GRiT Technologies says the partnership enables its service provider partners to easily add new services, such as Internet of Things, to their businesses.... Read More
The Muncie Redevelopment Commission will fund a study to determine the viability of building a hotel on the east side of the city. According to reporting from The Star Press, Mayor Dan Ridenour says a developer has expressed interest in bringing a new inn to the city.... Read More
The board of directors for Columbus-based Cummins Inc. (NYSE: CMI) has suspended all commercial operations in Russia as a result of the country's invasion of Ukraine. The company says it is currently taking steps to "wind down operations expeditiously." ... Read More
A real estate developer from New York City is looking to revamp the former First Savings building in Anderson as a business hub. Our partners at The Herald Bulletin report Mariusz Kurylo wants to open the 10-story building to smaller businesses and startups as opposed to big-name companies.... Read More
United Way of Allen County has announced that Matthew Purkey is resigning as president and chief executive officer. The nonprofit says Chief Financial Officer Greg Johnson will become interim CEO until a permanent successor is named.... Read More
The Indiana Department of Transportation announced $162 million in federal transportation funding is being awarded to 50 cities, towns, and counties in rural Indiana. INDOT says the funding will help the communities invest in local road and bridge improvements, as well as sidewalk projects for improved pedestrian access.... Read More
A synthetic lumber manufacturer is growing operations in Grant County. Earthwise Plastics Inc. says it will add a production line at its Gas City facility to manufacture walls and doors for semi-trailers and add a small number of jobs.... Read More
The University of Evansville has hired TurnkeyZRG in New Jersey to assist in a national search for its next director of athletics. UE says it has also formed a nine-person advisory committee made up of current and former student-athletes, faculty, coaches, administrators, and trustees to assist in the search.... Read More
The Indiana Broadband Office has designated the town of Knightstown as an official Broadband Ready Community. The program was created to encourage broadband development throughout the state... Read More
An Indianapolis-based autism services provider is looking to fill its lofty hiring goals. Hopebridge Autism Therapy Centers will today host a nationwide hiring event in an effort to fill multiple positions. In January, the company detailed plans to add 4,000 jobs as it prepares to open 40 new centers around the country.... Read More
A Carmel-based private equity firm is adding to its portfolio. Mayfar Capital Partners has acquired Tile Redi Holdings LLC, a Charlotte-based manufacturer of shower products that also operates manufacturing and fulfillment centers in Elkhart.... Read More
Lieutenant Governor Suzanne Crouch is traveling to Israel this week as part of a weeklong trade mission. The delegation includes five other lieutenant governors from around the country.... Read More
The planned $260 million casino in Terre Haute has secured another key approval. Our partners at WTHI-TV report the Terre Haute Board of Zoning Appeals has unanimously approved a height variance for the Queen of Terre Haute's 150-foot tall hotel.... Read More
Indiana’s new tax on vaping is being cut even before it takes effect despite protests from anti-smoking advocates.... Read More
