Study of War Memorial Coliseum Future Proposed

Officials in Allen County are looking to study what needs the Allen County War Memorial Coliseum will have over the next 10 to 25 years. The Journal Gazette reports James Cook, president of the Allen County-Fort Wayne Capital Improvement Board, feels it is prudent to know where money needs to be spent on the venue.... Read More

First Capital Reports Record 2021 Earnings

Corydon-based First Capital Inc. (Nasdaq: FCAP), the parent of First Harrison Bank, is reporting record full-year net income of $11.4 million, compared to $10.1 million in 2020. The banking company says the results are mainly due to increases in net interest income after provision for loan losses and noninterest income.... Read More

CEO: Ports of Indiana Numbers Reflect Recovery

he chief executive officer of the Ports of Indiana says the positive year-end report for the state's three ports is representative of Indiana's recovering economy. The port authority this week announced more than 11 million tons of cargo were handled at the port in 2021.... Read More

Henry Smith Plumbing in Elkhart Acquired

Michigan-based Heartland Home Services has acquired Henry Smith Plumbing, Heating & Cooling in Elkhart. While financial terms of the deal were not disclosed, Heartland says Henry Smith is the 24th company to join its family of brands.... Read More

Hammond Distillery Details Expansion

Hammond-based 18th Street Distillery says it is expanding in the city's downtown. Our partners at The Times of Northwest Indiana report the distillery is taking over a former Pabst Blue Ribbon warehouse in order to grow its production capacity.... Read More

Inotiv Acquires Orient BioResource Center

West Lafayette-based Inotiv Inc. (Nasdaq: NOTV) has acquired Orient BioResource Center Inc. in Texas. The deal for the primate quarantine and holding facility is valued at more than $51 million in cash and stock.... Read More

Haynes International Swings to Profit

Kokomo-based Haynes International Inc. (Nasdaq: HAYN) is reporting fiscal first quarter net income of $4.7 million, up from $2.6 million during the same period the previous year. Chief Executive Officer Michael Shor says the company's aerospace business showed significant strength during the quarter.... Read More

Indy Tech Startup Secures Additional Seed Funding

Indianapolis-based ConverSight.ai says it has closed on a $4 million Series Seed round of funding. The startup, which has developed an artificial intelligence and adaptive analytics platform, says it will use the funding to further enhance its platform and expand its sales and marketing teams.... Read More

Purdue Polytechnic Anderson Among STEM Recipients

The U.S. Economic Development Administration has selected recipients of its STEM Talent Challenge, a national competition that supports programs to train STEM talent. Purdue Polytechnic in Anderson was selected as one of the eight nationwide grant recipients and will receive $250,000 in funding.... Read More

Ports of Indiana Marks Increasing Shipment Totals

The Ports of Indiana says the state's three ports handled more than 11.2 million tons of cargo in 2021, which is a nearly 34% increase from the previous year. Additionally, the ports in Burns Harbor and Jeffersonville set new records for their highest annual shipment totals.... Read More