Fort Wayne to Pay Red River $2M Amid Collection Issues

Fort Wayne plans to pay Texas-based Red River Waste Solutions $1.9 million to continue serving as the city's trash collection through June 30. The Journal Gazette reports the payment is part of a transition plan for the city to find a new rash and recycling collection provider.... Read More

Zotec Foundation Awards $100K to Indy Nonprofit

Carmel-based Zotec Foundation has donated $100,000 to Indianapolis-based nonprofit Indy Women in Tech for education, training, and career development in information technology fields. The nonprofit says it will use the funding to support youth events such as “Pathways to Tech” and “Ignite Your SuperPower.”... Read More

Old National, First Midwest Complete Merger

Evansville-based Old National Bancorp (Nasdaq: ONB) and Chicago-based First Midwest Bancorp Inc. have completed their previously-announced $6.5 billion merger. Old National says the combination creates the sixth largest commercial bank headquartered in the Midwest, with more than $46 billion in assets.... Read More

Allos Launches Fourth Investment Fund

Indianapolis-based Allos Ventures has announced the first closing of its latest fund, Allos IV. The venture capital firm says the fund will continue its focus on investments in early-stage B2B software companies. Managing Director Don Aquilano says being able to launch a fourth fund is "validation that there's a true need and a value for equity capital in the Midwest and certainly here in Indiana."... Read More

Incentives Approved for Whiteland Spec Building

The Whiteland Town Council has approved a tax abatement for a 450,000-square-foot speculative warehouse building. Our partners at the Daily Journal report Cincinnati-based Uptown Commercial Partners plans to invest nearly $29 million to build the facility on a 40-acre site.... Read More

Another Possible Avian Flu Case Reported in Dubois County

A second turkey farm in Dubois County could possibly be dealing with another case of avian influenza. The Indiana State Board of Animal Health says the farm is in close proximity to the initial farm that was diagnosed with a confirmed case of a highly pathogenic strain of the flu earlier this month.... Read More

Goldsmith: Time to Reimagine Circle Centre

Former two-term Indianapolis Mayor Stephen Goldsmith says the lifecycle of Circle Centre Mall in downtown Indianapolis has surpassed what city leaders, including himself, foresaw when it opened in September 1995.... Read More

Hallador Acquires Sullivan County Coal Plant

Terre Haute-based Hallador Power Co. LLC has announced plans to acquire the Merom Generating Station in Sullivan County from Bloomington-based Hoosier Energy. The deal includes a power purchase agreement in which Hoosier Energy will purchase energy produced at the coal-fired plant.... Read More

Catchings Named ‘Citizen of the Year’

The International Center has selected former Indiana Fever star and philanthropist Tamika Catchings as recipient of the 2022 International Citizen of the Year Award. Catchings will be the 35th recipient of the award, which honors individuals whose work has achieved global impact.... Read More

Franklin Electric Reports Record Full-Year Profit

Fort Wayne-based Franklin Electric Co. Inc. (Nasdaq: FELE) is reporting record full-year net income of $155 million, compared to $101 million in 2020. Chief Executive Officer Gregg Sengstack says the company saw strong demand across all of its business segments.... Read More

Ball State Gift to Support Scholarships, Athletics

Ball State University has received a $1 million gift from alumni Dave and Deb Heeter that will be used to establish a scholarship fund and support the university's athletics department. The Heeter Family Legacy Scholarship will support the Teachers College in honor of the donors' parents, Bob and Barbara Heeter and Jo Butler.... Read More

Ossian Clears Incentives for Spec Building

Fort Wayne-based Logan Properties says it plans to construct a 30,000 square foot speculative building in the Wells County town of Ossian. The developer says it will invest nearly $3 million for the purchase of real estate, site improvements, and construction of the facility in Ossian’s Park One Industrial Park.... Read More