News

Ray Crowe to be Inducted into National High School HOF

Ray Crowe, who led the boys basketball team at Crispus Attucks High School in Indianapolis to four state finals appearances, will be posthumously inducted into the National High School Hall of Fame. The IHSAA says Crowe, who passed away in 2003, will be the first Indiana high school basketball coach to be inducted.... Read More

Vera Bradley Doubles Yearly Profit

Fort Wayne-based Vera Bradley Inc. (Nasdaq: VRA) is reporting full-year net income of $17.8 million in 2021, up from $8.7 million during the previous year. Chief Executive Officer Rob Wallstrom says the company essentially returned to pre-pandemic revenue levels.... Read More

CEO: Muncie ‘Ideal’ for Living Greens Farm

The chief executive officer of Minnesota-based Living Greens Farm says Muncie beat out other locations in Indiana, Illinois and Ohio for a planned $70 million aeroponic farm facility. The company this week said it would build the 200,000-square-foot farming, processing and packaging facility and create up to 120 jobs by the end of 2024. George Pastrana says the Delaware County city turned out to be "one of the most ideal places we could've selected."... Read More

Utility App Wins Crossroads Pitch Competition

Evansville-based startup Utiliz has won first place in the Spring 2022 Crossroads Pitch Competition held at The Mill, Bloomington’s nonprofit center for entrepreneurship and coworking. Utiliz, which won by unanimous vote, helps determine when water utility pipes are likely to fail.... Read More

Churchill Downs Looks Ahead with Terre Haute Casino

Churchill Downs is moving forward with its plans for a casino on the east side of Terre Haute. Executives from Churchill Downs presented to the Indiana Gaming Commission on Tuesday. The company has proposed moving its site from near Haute City Center to Margaret Avenue near Interstate 70.... Read More

Thor Quarterly Profit Doubles

Elkhart-based Thor Industries Inc. (NYSE: THO) is reporting fiscal second quarter net income of $267 million, compared to $133 million during the same period a year ago. Chief Executive Officer Bob Martin says the company's performance was extremely strong, despite supply chain challenges.... Read More

State Launches Education Readiness Grant Program

The Governor's Workforce Cabinet and Conexus Indiana have launched a $500,000 grant program designed to prepare students for careers in advanced manufacturing. The Education Readiness Grants will be awarded to eligible high schools statewide to purchase new smart manufacturing technologies and equipment to help students develop Industry 4.0 skills.... Read More

Mixed-Use Project Planned for Downtown Hammond

The Hammond Redevelopment Commission has approved a development agreement for a new mixed-use project. Mayor Tom McDermott's office says the $25 million project will bring more than 200 market rate apartments as well as commercial and retail space to the city's downtown.... Read More

Indy Apparel Supplier Buys Webster’s Sporting Goods

Indianapolis-based Webster’s Sporting Goods has been acquired by Distinct Images, a supplier of imprinted apparel and promotional products also based in Indy. Founder Dick Webster says the deal comes at an opportune time as the company’s focus has shifted from retail sporting goods to embroidery, letter jackets and uniforms.... Read More

Elkhart’s Truck Accessories Group Changes Name

Elkhart-based Truck Accessories Group LLC has rebranded to LEER Group. The company, which manufactures components for the automotive aftermarket, says the name change better reflects its collection of companies and the strength of its brands.... Read More

IEA Expects Continued Growth in Renewable Energy

Indianapolis-based civil engineering and architectural firm Infrastructure and Energy Alternatives Inc. (Nasdaq: IEA) is reporting a fiscal full-year net loss of $83.7 million, compared to net income of $700,000 the previous year. However, total fourth quarter revenue increase by 39% due to growth in the renewable energy segments, such as wind turbines and solar farms.... Read More

Nonprofit to Use NIL to Shine Spotlight on Hoosier Charities

A newly-formed nonprofit aims to raise awareness for charitable causes throughout the state in a unique way. Hoosiers For Good Inc. says it will raise funds for Indiana nonprofits by engaging student-athletes from Indiana University who want to use their names, image, and likenesses to shine a spotlight on philanthropic work being done in Hoosier communities. ... Read More

Cummins to Reopen Company Offices

Columbus-based Cummins Inc. (NYSE: CMI) says it will reopen its offices in Indiana April 4, following a two-year closure because of the pandemic. The Republic reports the company has categorized each role and determined which jobs are fully on-site, fully remote, or hybrid, based on the function.... Read More