The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China.... Read More
Reno, Nevada-based ITS Logistics LLC announced this week that it plans to invest $28 million to expand its Midwest headquarters in Whitestown.... Read More
The town of Brownsburg says it continues to see a strong business climate. For the first half of the year, the town says businesses have committed more than $200 million in capital investments in the town, a 33% increase compared to last year.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is reporting second quarter net income of $117 million, up 98% from $59 million during the same period last year. President Jeff Rodino says the company benefitted from its capital expenditures, which totaled more than $100 million over the last 18 months.... Read More
Pharmacy benefit management company True Rx Health Strategists is today celebrating the opening of its nearly $2 million facility near I-69 in the Daviess County town of Washington.... Read More
Indianapolis-based Energy Systems Network, the advanced energy technology and transportation initiative of the Central Indiana Corporate Partnership, will merge with the Battery Innovation Center in Newberry, the CICP announced Thursday. The partnership says the merger will create "a number of synergies and efficiencies" between the two organizations.... Read More
Jeffersonville-based Amatrol Inc. is looking to expand its southern Indiana operations. The company plans to invest $8.5 million to acquire the former Key Electronics building in the North Port Business Centre and create 30 full-time jobs.... Read More
Almost three-quarters of freshmen attending Indianapolis Public Schools’ four district-run high schools are on track to graduate, according to data presented Tuesday.... Read More
Michigan City-based Horizon Bancorp Inc. (Nasdaq: HNBC) is reporting record second quarter net income of $24.9 million, compared to $22.2 million during the same period last year. Chief Executive Officer Craig Dwight says the results can be attributed to strong loan growth and the higher interest rate environment.... Read More
Rose-Hulman Institute of Technology is estimating that it will see more than 600 first-year students this fall. The school says continued strong student recruitment is expected to lead to the second consecutive year of more than 600 incoming students and the third time in the school's history.... Read More
The U.S. Department of Commerce's Economic Development Administration has awarded the city of Kokomo $1 million for infrastructure upgrades. The EDA says the funding from the American Rescue Plan Act will be used to mitigate flooding in the downtown area adjacent to Kokomo Speedway.... Read More
Indianapolis-based Republic Airways has announced plans to expand its Leadership in Flight Training (LIFT) Academy to Myrtle Beach, South Carolina. The airline launched the program in Indy in 2018.... Read More
New Elevate Ventures CEO Christopher Day says Indiana offers a wide range of positive attributes for startup businesses but struggles with what he calls the export of wealth... Read More
A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration.... Read More
A Carmel-based biopharmaceutical company has received an Orphan Drug designation from the U.S. Food and Drug Administration for its lead therapeutic product candidate. The drug, MBX 2109, is being developed for the treatment of hypoparathyroidism.... Read More
Hancock County-based agbioscience startup Verility Inc. has closed a $3.5 million Series A funding round that will allow it to commercialize its animal fertility platform.... Read More
The Indiana Department of Veterans Affairs and the Indiana Department of Workforce Development will Thursday host a hiring fair in Indianapolis. The event, held in conjunction with Helping Veterans and Families of Indiana Inc., is open to anyone looking for employment with a special emphasis on veterans and their families.... Read More
Munster-based Finward Bancorp (Nasdaq: FNWD), the parent of Peoples Bank, is reporting second quarter net income of $6.6 million, compared to $8.1 million during the same period last year. Despite the drop, Chief Executive Officer Benjamin Bochnowski says the bank improved its core net income and net interest margin during the second quarter.... Read More
Indianapolis-based Aearo Technologies LLC, which is facing more than 230,000 product-liability lawsuits related to the performance of its Combat Arms earplugs, has filed for Chapter 11 bankruptcy reorganization.... Read More
The University of Southern Indiana Romain College of Business has received a $100,000 gift from Warehouse Services Inc. in Mount Vernon to establish an endowed scholarship. The university says the Warehouse Services Inc. Barry Cox Scholarship Endowment, named for the company's president Barry Cox, will offer support to students enrolled in the Supply Chain Management Certificate Program.... Read More
