North Carolina-based Nucor Corp. (NYSE: NUE) has announced plans to acquire C.H.I. Overhead Doors in Illinois in a deal valued at $3 billion. Nucor, which has multiple locations in Indiana, says the deal includes the overhead door manufacturer's plant in Terre Haute.... Read More
Indianapolis-based ProTeam Tactical Performance is preparing to open its first location outside of central Indiana. The company, which helps first responders recover from and prevent injuries in a manner similar to collegiate and professional athletes, will bring its model to Merrillville beginning May 23.... Read More
Indianapolis Mayor Joe Hogsett, along with city officials and community partners, celebrated the opening of the new Indianapolis-Marion County Community Justice Campus on the city’s southeast side Monday. The $575 million complex houses the Marion County Superior Court, Marion County Circuit Court, Marion County Sheriff’s Office, the Adult Detention Center and the Assessment and Intervention Center.... Read More
Carmel-based energy strategy firm Solential Energy is working with The Maschhoffs LLC, a hog production company headquartered in Illinois, to construct a 3.06-megawatt solar array at the company's Griggsville Feed Mill. The partners say the project will help offset rising energy costs while furthering sustainable farming practices.... Read More
Elkhart-based Tepe Sanitary Supply Inc. has been acquired by Imperial Dade, a distributor of food service packaging and janitorial supplies located in New Jersey. While financial terms of the deal were not disclosed, Imperial Dade says customers will benefit from the expanded product and service offerings.... Read More
A 16-year-old student in Greencastle is looking to fill the financial literacy gap among students in his community. Isaac Hertenstein founded the nonprofit Students Teaching Finance, a program that was inspired by the lack of financial education in his school and throughout Indiana, which is not one of 13 states in the U.S. that requires a personal finance class.... Read More
IndyGo has launched two programs to help underserved populations of Indianapolis, including an on-demand transit service and a mobile health clinic. ... Read More
The founder of Fort Wayne-based Sweetwater Sound continues to expand his business interests in aviation. ... Read More
Steel Harbor LLC, a stainless steel fabrication startup based in Goshen, was denied economic incentives from the Elkhart County Council. The Elkhart Truth reports the company plans to spend more than $6 million to build and equip a 55,000-square-foot facility in the Elkhart East business park.... Read More
Indianapolis-based Allison Transmission Inc. (NYSE: ALSN) is partnering with Xos Inc. (Nasdaq: XOS), a Los Angeles-based manufacturer of Class 5 through Class 8 battery-electric vehicles, to jointly develop heavy-duty Class 7 and 8 commercial electric vehicles. Allison says its eGen Power e-Axles will be integrated into Xos Class 7 and 8 100% battery-electric commercial vehicles.... Read More
An anonymous donor has given Indiana State University $1 million to create the President John Moore and Nancy Moore Bridge the Gap Endowed Scholarship. Moore, who served as the university's president from 1992 to 2000, died in March.... Read More
In the face of strong economic headwinds and supply chain issues, the recreational vehicle industry is registering double digit sales gains and that’s good news for northern Indiana, which produces nearly 90% of all RVs in the U.S. But Economic Development Corp. of Elkhart County Chief Executive Officer Chris Stager says rising gas prices could quickly change things. ... Read More
The U.S. Food and Drug Administration has approved a new drug from Eli Lilly and Co. (NYSE: LLY) to treat type 2 diabetes that is also shown to help with weight loss. The FDA says Mounjaro "was effective at improving blood sugar and was more effective than the other diabetes therapies with which it was compared in clinical studies."... Read More
Indiana once again beat the most recent revenue projections in April. The Indiana State Budget Agency says General Fund revenues last month totaled more than $3.3 billion, which was 17.5% higher than the December 2021 forecast and nearly 50% higher than the same month last year.... Read More
Paris-based infrastructure company Meridiam is planning to invest more than $50 million to bring high-speed internet access to every resident in the city of Bloomington. The city says Meridiam will build and operate an open-access-model fiber network that will provide net neutrality and digital equity opportunities.... Read More
Hancock County-based Jet Access Flight Training is launching a Pilot Development Program that it says will help offset the growing pilot shortage. Jet Access says it will sponsor the first certificate of flight training for 22 students who join its Advanced Commercial Track program at Columbus Municipal Airport.... Read More
Governor Eric Holcomb has appointed Whitney Ertel to serve as the new executive director of the Governor’s Workforce Cabinet. Ertel previously served as chief business officer and chief communications officer for the Department of Workforce Development.... Read More
The co-founder and CEO of Fishers-based AfterSchool HQ says the startup's recently-announced partnership with Indianapolis Public Schools is a chance to help students find their passion the same way he did. Through the partnership, parents of IPS students will be able to use the startup's online platform to find and register their kids for extracurricular activities. ... Read More
Shady Creek Winery in Michigan City will Saturday mark its grand reopening. The winery underwent a $2.5 million renovation that began in 2020 to boost production capacity and add amenities such as a new event center and rooftop patio.... Read More
Several Indiana cities, including three in the top 15, are included in SmartAsset's 2022 edition of the “Most Livable Small Cities in the U.S.” The financial planning website analyzed data on 286 cities with between 65,000 and 100,000 residents, using metrics such as proximity to entertainment venues, restaurants, bars and healthcare establishments.... Read More
