Former ITT Tech students get $3.9B in debt cancellation

Students who used federal loans to attend ITT Technical Institute as far back as 2005 will automatically get that debt canceled after authorities found “widespread and pervasive misrepresentations” at the defunct for-profit college chain, the Biden administration announced Tuesday.... Read More

Elevate Ventures announces $649K to Indiana companies

Twelve Indiana businesses are receiving $649,000 as part of Phase I and Phase II matching awards from the state’s Small Business Innovation Research and Small Business Technology Transfer program during the first half of 2022. The SBIR/STTR program is managed by Indianapolis-based Elevate Ventures and the Indiana Economic Development Corp.... Read More

Riverfront district approved for St. John

The St. John Town Council has given the green light to create a new riverfront district. Our partners at The Times of Northwest Indiana report the move will allow the Lake County town to obtain additional liquor licenses.... Read More

Indy breaks into top 3 in Startup Cities ranking

Six Indiana cities are included among the 2022 Best of the Midwest: Startup Cities Rankings, with Indianapolis improving to No. 3. The list from Midwest Startups, which highlights startup and venture capital activity in the region, ranks cities based on their startup activity, startup founders’ access to resources, and business climate.... Read More

Holcomb honors Hoosier businesses

Governor Eric Holcomb and Indiana Secretary of Commerce Brad Chambers on Tuesday recognized 47 Indiana companies with the Governor’s Century or Half-Century Business Award. The companies were honored for their longevity and commitment to community service.... Read More

Old National names community banking CEO

Evansville-based Old National Bancorp (Nasdaq: ONB) has selected Brent Tischler to serve as community banking CEO of Old National Bank. Tischler most recently served as executive vice president and head of retail banking for Associated Bank in Wisconsin.... Read More

Hallador Energy Co. net loss grows

Terre Haute-based Hallador Energy Co. (Nasdaq: HNRG) is reporting a second quarter net loss of $3.4 million, compared to a loss of $2.9 million during the same period in 2021. Chief Executive Officer Brent Bilsland said the company lowered its cost structure, increased its sales prices and added to its liquidity to improve its financial position.... Read More

Grow Wabash County receives $50K for e-commerce program

Grow Wabash County has secured a $50,000 grant from Region 3A to help small, for-profit businesses improve their e-commerce presence. As a result of the grant, Grow Wabash County says it is seeking Statements of Qualification from consulting firms that can develop e-commerce strategies.... Read More

Two companies expanding in Wayne County

A pair of companies in Wayne County is planning to expand operations, the EDC of Wayne County announced Monday. The projects from Vandor Corp. and Dot Transportation Inc. total $8.3 million in investment and the creation of more than 70 jobs.... Read More

$18M approved for northeast Indiana projects

The Northeast Indiana Regional Development Authority has approved $18 million in new Regional Economic Acceleration and Development Initiative grants. The organization says the funding will be used for six projects in Allen, Huntington, Noble, and Wabash counties.... Read More

Vermillion County seeks to address housing shortage

The Vermillion County Economic Development Council has begun the planning process to bring more housing to the northern part of the county. The project includes the addition of 15 single-family homes in what VCEDC Executive Director Doug Hess hopes will be the first of many developments. ... Read More

IU approves capital request for renovations, maintenance

Indiana University has approved more than $200 million as part of its 2023-25 legislative request for capital planning and facilities. IU says its biennial request for state funding focuses on projects for renovations of classrooms, labs, student-focused spaces, as well as related facilities and infrastructure.... Read More

Fort Wayne financial firm completes merger

Fort Wayne-based Credent Wealth Management is merging with Personal Wealth Partners. Personal Wealth Partners, which has offices in Minnesota and Wisconsin, will now operate under the Credent Wealth Management brand.... Read More