For nearly a half century, Purdue University researcher Dr. Philip Low has worked in his laboratory in West Lafayette, testing and developing therapies for a range of human maladies and pathologies. ... Read More
Fort Wayne-based Ash Brokerage Corp. will soon be under new ownership. The insurance firm is set to be acquired by Integrity Marketing Group LLC, a life and health insurance provider headquartered in Dallas, though financial terms of the deal are not being disclosed.... Read More
Plainfield-based Duke Energy Indiana has completed a $152 million upgrade project at the Markland Hydroelectric Station in Switzerland County. The utility says the project will increase the facility's renewable energy output by about 10%.... Read More
South Bend-based Holladay Properties is donating an additional seven acres of land within its AmeriPlex complex to the Central Indiana Land Trust Inc. in Indianapolis. The land will allow the nonprofit land trust to protect and expand habitat for the endangered Indiana bat.... Read More
Caesars Entertainment Inc. (Nasdaq: CZR), the parent of Harrah’s Hoosier Park Racing & Casino in Anderson, says it is investing $39 million to expand the casino’s gaming floor, and add 100 new jobs to the venue. The company will formally break ground next week on the 30,000-square-foot expansion.... Read More
Terre Haute-based Thompson Thrift, a commercial and residential real estate company, has named Daniel Sink chief financial officer for its Thompson Thrift Development division. He succeeds Ken Howell, who recently announced he would step down this summer.... Read More
South Carolina-based Tech24 has acquired Facilities Management LLC and Peltz Services Inc. in Indianapolis. Facilities Management, which provides repair services, maintenance, and installation of foodservice equipment, is Tech24's eighth acquisition in the food service repair and maintenance market.... Read More
Merrillville-based NiSource Inc. (NYSE: NI) is reporting first quarter net income of $413 million, compared to $281.7 million during the same period last year. Chief Executive Officer Lloyd Yates says the company continues to execute growth and sustainability plans for the longevity of the business.... Read More
The president of Bloomington-based Cook Medical Inc. says a new manufacturing plant on the near northside of Indianapolis is a win-win for everyone. The company, along with Goodwill of Central and Southern Indiana and the Central Indiana Community Foundation, this morning marked the opening of the facility, which will ultimately employ 100 area residents. ... Read More
The Aspire Economic Development + Chamber Alliance has announced the winners of this year’s business awards. The program recognizes businesses in Johnson County that demonstrate qualified success and creativity in the face of adversity.... Read More
A global distribution company headquartered in New York is setting up shop in central Indiana. PCA Group, which provides logistics and digital marketing services for the beauty and wellness sector, has opened a distribution facility in Lebanon and plans to add more than 100 jobs.... Read More
Warsaw-based orthopedics company Nextremity Solutions Inc. has been acquired by Medartis Holding AG, a medical device manufacturer headquartered in Switzerland... Read More
Fort Wayne-based Ambassador Supply, which is an affiliate of private equity firm Ambassador Enterprises, has acquired Tennessee-based Orgain Building Supply. While financial terms of the deal were not disclosed, Ambassador says the acquisition builds upon its continued growth and reach of offerings.... Read More
The Indiana University School of Nursing at IUPUI has received a $16 million gift from IU Health it says will help grow the school's undergraduate student enrollment by 50% over the next three years. IUPUI says the funds will support expansion of classroom, lab and simulation space, as well as student support services.... Read More
Bosma Enterprises is offering training for people with disabilities who want to become Salesforce administrators. The Indianapolis-based organization says BosmaForce will create jobs for people who are blind and face a 70% unemployment rate.... Read More
Jasper-based Kimball International Inc. (Nasdaq: KBAL) is reporting fiscal third quarter net income of $6.3 million, compared to a loss of $4.5 million during the same period last year. Chief Executive Officer Kristie Juster says the results reflect robust demand across its product portfolio, as well as the company's ability to navigate industry-wide headwinds.... Read More
Years in the planning and development, a major portion of the next generation fighter training jet for the U.S. Air Force will be coming off the assembly line in West Lafayette in 2023. Executives from The Boeing Co. (NYSE: BA) and Sweden-based Saab last week rolled-out the first T-7A Red Hawk advanced trainer at a ceremony in St. Louis. Workers at Saab’s facility near Purdue University will manufacture the aft section of the aircraft and then ship it to the Boeing plant in St. Louis for final assembly.... Read More
Bloomington-based Cook Medical will today celebrate the opening of a new manufacturing facility on the near northeast side of Indianapolis. The $15 million plant will be operated by Goodwill of Central & Southern Indiana and produce medical devices for Cook.
... Read More
A business incubator operating out of a historic theater in Vincennes is continuing to see growth. Our partners at WTHI-TV report after a year and half, The Pantheon is nearly at full capacity and seeing continuous use of its meeting space from members of the community.... Read More
The city of Anderson and the Flagship Enterprise Center board are making plans to purchase the Flagship Enterprise Center building that is currently owned by Anderson University for nearly $7 million. Our partners at The Herald Bulletin report the center was created in 2003 through a partnership between the city and the university to encourage entrepreneurship through a business incubator center.... Read More
