Frazier: Corteva HQ ‘Massive Validation’

How big is Corteva Agriscience’s decision to designate Indianapolis as its corporate headquarters? Agrinovus Chief Executive Officer Mitch Frazier says the announcement represented “a historic week for Indiana” that continues the state’s emergence on the global agbiosience stage. ... Read More

State Revenue Continues to Beat Projections

Indiana revenue exceeded the most recent projections for the month of January. The Indiana State Budget Agency says General Fund revenues totaled more than $2 billion last month, which was 2.1% higher than the December 2021 forecast and more than 11% higher than the same month in 2020.... Read More

LGC Associates Launches EnviroStaff Division

LGC Associates in Indianapolis is launching an EnviroStaff division. The staffing company says the division, to be based out of St. Louis, will work with business clients who need to recruit STEM-related professionals for temporary and permanent positions.... Read More

Quarterly Loss Widens for Inotiv

West Lafayette-based Inotiv Inc. (Nasdaq: NOTV) is reporting a first quarter net loss of $83 million, compared to a loss of $366,000 during the same period last year. Chief Executive Officer Robert Leasure says, despite the drop, the company's recent acquisitions and partnerships will help mitigate potential supply bottlenecks.... Read More

Indiana Donor Network Sees Another Record Year

The Indiana Donor Network had another record year in 2021. Despite the challenges of the pandemic, the nonprofit says the number of transplants increased by 43% over the past two years, saving the lives of more than 800 people. Indiana Donor Network Chief Executive Officer Kellie Tremain says the increase is being driven by the generosity of Hoosiers, as well as changes within the organization.... Read More

IUPUI to Offer New Philanthropy Doctorate

The Lilly Family School of Philanthropy at IUPUI has received approval from the Indiana Commission for Higher Education to offer a doctoral degree to develop leaders for the nonprofit and philanthropic sectors. The university will start offering the program in the fall 2023 semester.... Read More

Gary Inks Settlement Over Failed Akyumen Project

The city of Gary has reached a settlement in its lawsuit against California-based Akyumen Industries Corp. Our partners at The Times of Northwest Indiana report the city's redevelopment commission will regain control of the Genesis Convention Center and Ivanhoe Gardens properties, where Akyumen had planned to establish its new headquarters and a manufacturing facility to produce 5G smartphones.... Read More

Hoosier Nonprofit Ordered to Pay Back Wages

A Jeffersonville-based nonprofit was ordered to pay more than $150,000 in back wages to its employees with disabilities after an investigation by the U.S. Department of Labor. The DOL says New Hope Services should have paid the workers the full minimum wage because it failed to meet the requirements to pay a sub-minimum wage.... Read More

Patrick Industries Reports Big Profit Jump

Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is reporting full-year net income of $225 million, up from $97 million the previous year. President Jeff Rodino says market conditions across the manufacturer's platform have remained strong despite challenges from the pandemic.... Read More

This Week on Inside INdiana Business with Gerry Dick 2/11/21

Top Story Mitch Frazier, President & CEO, AgriNovus Indiana Corteva Agriscience is moving its global headquarters from the East Coast to the Crossroads of America. AgriNovus Indiana President CEO Mitch Frazier joins with how the decision could impact Indianapolis and the entire state. Inside INnovation Indiana Gregg, Founder & CEO, WeDo The move to exit […]... Read More

Elkhart Tooling Company Acquired

Peak Toolworks, a manufacturer of diamond and carbide cutting tools headquartered in Jasper, has acquired Elkhart-based Tooling Concepts Inc. Financial terms of the deal were not disclosed, though Peak says it plans to further invest in the Elkhart region.... Read More

Steel Dynamics Adding 200 Jobs

Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) is looking to add 200 employees in northeast Indiana. The company says the additions will support ongoing growth in the region.... Read More

INDOT Commissioner Stepping Down

Governor Eric Holcomb has announced Joe McGuinness will be stepping down as commissioner of the Indiana Department of Transportation. McGuinness, who was appointed to the role in 2017, is leaving to become chief executive officer of a new local government infrastructure management consultant company.... Read More