Patrick to Acquire Arizona Audio Company

Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) says it will acquire Rockford Corp., a designer and distributor of audio systems and components for the powersports, marine and automotive markets, headquartered in Arizona. Financial terms of the deal were not disclosed.... Read More

Survey Indicates Post-Pandemic Startup Interest

Radius Indiana has released the findings of a study it conducted of post-pandemic entrepreneurship in southern Indiana. The survey includes data on demand for spaces, resources, and other support to grow entrepreneurship and support remote working.... Read More

Building Permits Slip in January

The Builders Association of Greater Indianapolis says the number of single-family building permits in central Indiana dropped 18% last month, compared to January 2021. BAGI says 636 permits were issued in the nine-county region.... Read More

Frankfort Schools Receive E-Learning Grant

The Wabash Heartland Innovation Network has awarded $157,000 in e-learning funds to Community Schools of Frankfort. WHIN says the grant will substantially increase the district's WiFi capabilities and will help equip its school buses with hotspots.... Read More

Statewide Pitch Competition Marks Record Applicants

The statewide Innovate WithIN pitch competition is celebrating a record number of applicants with around 2,300 high school students applying, compared to just 815 last year. The competition, the largest of its kind in the country, is designed to give young innovators the chance to see problems as opportunities.... Read More

This Week on Inside INdiana Business with Gerry Dick 2/25/22

Indianapolis has earned a reputation as a sports capital and built an industry around the business of sports. But how did it pull off the improbable: hosting the entirety of March Madness? Ryan Vaughn joins us with a special look at how Indy and Indiana were “Made For This Moment.”... Read More

I&M Rate Reduction Plan Approved

The Indiana Utility Regulatory Commission has approved a settlement agreement involving residential rates for Fort Wayne-based Indiana Michigan Power. I&M says as a result, residential customers will see a nearly $95 million reduction over two phases.... Read More

Calumet Chairman to Retire

The chairman and co-founder of Indianapolis-based Calumet Specialty Products Partners (Nasdaq: CLMT) has announced his retirement, setting off a chain of leadership changes.... Read More

Evansville Furniture Maker Acquired

Evansville-based TableLogix and parent company ProLam Products are now under new ownership. FACILITYConcepts, a furniture manufacturer based in Whitestown, has acquired the businesses with plans to continue their custom-built furniture operations.... Read More

Underground Safety Alliance Names Executive Director

Greenwood-based nonprofit Underground Safety Alliance has promoted Justin Sell to executive director. Sell most recently served as director of operations and technology for the nonprofit, which is the umbrella organization for Indiana 811 and Kentucky 811.... Read More

Sports Corp Debuts March Madness Doc

The Indiana Sports Corp has premiered a documentary detailing how Indianapolis pulled off an unprecedented feat. “Made For This Moment” showcases the city’s sports history and how the city, state and thousands of volunteers faced the challenge of hosting the entire NCAA March Madness tournament in the midst of the pandemic.... Read More

CareSource Launches Substance Use Program

Nonprofit health plan CareSource is partnering with Wayspring in Tennessee, a treatment services provider for people with substance use disorder, to launch the SUD Home program in Indiana. CareSource says the program aims to reduce the burdens and barriers on members with substance use disorder throughout rehabilitation.... Read More

Wabash College Professors Land NSF Grant

Two Wabash College professors have been awarded a nearly $470,000 grant from the National Science Foundation. The college says the funding will be used to study the impacts of protein level control on human development and disease.... Read More

Sports Betting Exchange Eyes Indiana

Philadelphia-based Sporttrade Inc. has announced a strategic partnership Caesars Entertainment Inc. (Nasdaq: CZR) to bring its sports betting exchange to Indiana. A betting exchange is marketplace that allows bettors to wager against each other at lower fees than those offered by a traditional sportsbook.... Read More

Naval Reactor Components to be Made in Mount Vernon

Virginia-based BWXT Nuclear Operations Group Inc., a subsidiary of BWX Technologies Inc. (NYSE: BWXT), has landed a $1 billion contract from the U.S. Naval Nuclear Propulsion Program. The contract calls for naval nuclear reactor components and fuel, and BWXT says some of the work will be performed in Mount Vernon.... Read More

New Apartments Near Notre Dame Under Consideration

A Pennsylvania-based luxury home and apartment builder is eyeing an 11-acre piece of property just east of the University of Notre Dame. The South Bend Tribune reports Toll Brothers Inc. (NYSE: TOL) plans to invest $100 million to demolish an existing 193-unit complex and replace it with a 328-unit apartment community.... Read More