An online auction of the assets of Fountain Square Brewing Co. in Indianapolis will be called off, thanks to the upcoming purchase of the company by its head brewer and general manager. Beppe Cuello said his new ownership group struck an 11th-hour deal.... Read More
Columbus-based Elwood Staffing has acquired Boise-based IES Custom Staffing Solutions, an industrial and clerical staffing services provider with offices throughout Idaho and northern Utah. Elwood says the acquisition bolsters its service capabilities and advances its continued growth plans.... Read More
Louisville-based developer Denton Floyd Real Estate Group has announced plans to invest $226 million across the river in Clarksville to construct two mixed-use developments and possibly a hotel and convention center. ... Read More
The chief technology officer for Columbus-based Cummins Inc. (NYSE: CMI) is retiring after a 36-year career with the company. Cummins says Jim Fier will retire in March and will be succeeded by Jonathan Wood, ... Read More
The Boys & Girls Clubs of LaPorte County is planning to construct a new, much larger facility to meet higher demand. Our partners at The Times of Northwest Indiana report the new 35,000-square-foot building will have room for nearly twice the number of children the organization can now serve in Michigan City.... Read More
Hoping to capitalize on a record-breaking year for committed capital investment, Gov. Eric Holcomb laid out an economic development agenda Wednesday that includes increased funding to buy land, close deals and improve the state’s workforce.... Read More
Dunham Rubber & Belting Corp., a 57-year-old Greenwood-based company, has been acquired by Marietta, Georgia-based Belt Power LLC, the companies announced Tuesday.... Read More
The Indiana Destination Development Corp. is seeking local artists to help create public artwork and signage throughout the Hoosier State through two new grant programs: the IN Indiana Public Art Activation Grant and IN Indiana Placemaking Activation Grant.... Read More
A professor at Purdue University says pharmacy employees are being asked to do more with fewer resources. Kimberly Illingworth said the ongoing staffing shortage is having a large effect as people continue to deal with COVID, RSV and other illnesses. ... Read More
Global cloud-computing powerhouse Salesforce Inc. was mum on Wednesday morning about the effect on its Indianapolis operations of a major restructuring plan that will eliminate about 10% of its workforce companywide and shrink its real estate footprint.... Read More
Indiana Humanities is launching a new fund it says will allow for future grants and programming throughout the state. The Indiana Humanities Future Fund is being established in recognition of the organization's 50th anniversary.... Read More
The city of South Bend has finalized a funding agreement with Oaklawn that will establish and launch a 24/7 behavioral crisis center. The agreement provides $2.7 million for Oaklawn to invest into the Memorial Epworth building, establish the Behavioral Crisis Center and fund the first year of operations.... Read More
Indianapolis-based Flaherty & Collins Properties says it will invest $80 million to renovate and rehabilitate four housing developments. The real estate developer says two of the projects are upgrades on buildings that are about 25 years old, while the other two projects are adaptive reuse of commercial and historic buildings to create more affordable housing... Read More
The former CEO of Indianapolis-based TechPoint has a new gig in Indy. Mike Langellier has joined High Alpha as operating partner and head of new ventures, and the venture studio says he will help discover, refine and launch new tech companies.... Read More
Lawmakers and businesses alike have long denounced Indiana’s high healthcare prices but haven’t yet penalized any actors. Advocates hope for more in the 2023 session, set to start Monday, with an intense focus on the state’s hospitals. ... Read More
Muncie-based First Merchants Bank and the U.S. Department of Justice have agreed to end a settlement agreement that had been put in place in 2019 after the bank was accused of discriminatory lending practices in certain Indianapolis neighborhoods.... Read More
An associate professor of business law and ethics at the Indiana University Kelley School of Business expects to see a growing number of lawsuits from other states against social media company TikTok. Abbey Stemler says lawmakers are skeptical of what the Chinese government might be doing with user information obtained through the Chinese-owned video platform... Read More
Gov. Eric Holcomb will Wednesday detail his Next Level Agenda for 2023. While specifics aren't yet known, the governor has previously indicated he intends to seek funding for a second round of the Regional Economic Acceleration and Development Initiative.... Read More
Patrons of Harrah's Hoosier Park Racing & Casino in Anderson will soon see the first benefits of a $39 million expansion. Our partners at The Herald Bulletin report the first phase of the project is expected to be partially complete in March.... Read More
As the 2022 clock wound down, farmer’s attitudes about the agricultural economy improved. The monthly Purdue University-CME Group Ag Economy Barometer improved by 24 points in December.... Read More
