IHSAA Approves Boys Volleyball, Girls Wrestling as Emerging Sports

The Indiana High School Athletic Association Inc. is adding girls wrestling and boys volleyball to its new emerging sport process. The IHSAA's board of directors unanimously voted to add the sports during its annual review of the by-laws in Indianapolis, making the two sports the first to earn the designation.... Read More

New Bath Today Acquired by Atlanta Company

Atlanta-based SageHome Inc. has acquired New Bath Today Inc., a bathroom renovation specialist located in Indianapolis. SageHome, which designs senior living spaces, says it partnered with Cairngorm Capital Partners LLP on the acquisition.... Read More

Cummins Posts First Quarter Results

Columbus-based Cummins Inc. (NYSE: CMI) is reporting first quarter net income of $418 million, compared to $603 million during the same period last year. The company says the results include costs of nearly $160 million related to the suspension of operations at its facility in Russia.... Read More

Former Colts QB’s Firm Expands into Mental Health Services

Indianapolis-based ProTeam Tactical Performance has unveiled a platform to support the mental health efforts of police and fire departments. The company, co-founded by former Indianapolis Colts quarterback Jim Sorgi and former St. Louis Cardinals right fielder Joey Vandever, says SHIELD allows departments to take a proactive approach to behavioral health. ... Read More

Biotech Firm Completes $1.6M Seed Round

West Lafayette-based Novilytic LLC has completed a $1.6 million seed round with support from the Purdue Foundry and Elevate Ventures. The biochemistry analytics company, which is headquartered at the Purdue Research Park, says it protects and secures lifesaving drugs through the use of nanotechnology.... Read More

Truck Rental Company Expanding Fort Wayne HQ

Fort Wayne-based Premier Truck Rental is expanding its headquarters near Fort Wayne International Airport. The company says it will invest nearly $5 million to add warehouse and office space and create up to 65 jobs by the end of 2025.... Read More

Farmer Economic Outlook Mixed

Farmer sentiment on the agricultural economy ticked higher in April, but farmers are still showing less confidence than last year. The monthly Purdue University/CME Group Ag Economy Barometer improved eight points in April, however it remains 32% below its reading April 2021.... Read More

Indy Nonprofit to Build Women’s Recovery Housing

Volunteers of America Ohio & Indiana has announced plans to build and operate a certified community-based recovery housing facility for women with young children on the west side of Indianapolis. The nonprofit says the development will be the first recovery residence of its kind in the state.... Read More

Zimmer Biomet Profit Dips

Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) is reporting first quarter net income of $73 million, down from $193.4 million during the same period last year. Chief Executive Officer Bryan Hanson says the results are better than expected, driven by COVID recovery.... Read More

Logistics Company Details Plainfield Change

A Switzerland-based logistics company is detailing plans to lay off more than a dozen employees in central Indiana. In a notice to the state, Kuehne+Nagel Inc. says it will cease operations for Rolls-Royce Corp. at its facility in Plainfield.... Read More

Concord Mall Buyer Ordered to Return Keys, Rent Payments

An Elkhart County judge has ordered the Chicago-based real estate investors who purchased Concord Mall in Elkhart return the keys to the mall to a court-appointed receiver. The Elkhart Truth reports the owners of Ton Real Estate Investments X LLC could face additional sanctions. ... Read More

Holcomb Honors Small Businesses, Entrepreneurs

The Indiana Economic Development Corp. is recognizing eight Hoosier small businesses as a part of Small Business Week in Indiana. The IEDC says the awards honor the entrepreneurs’ and small businesses’ achievements and contributions to grow Indiana’s economy and strengthen communities across the state.... Read More

Lilly Funding to Support OrthoWorx Educational Efforts

Warsaw-based nonprofit OrthoWorx and the Orthopedics Capital Foundation have received a three-year grant from Lilly Endowment Inc. in Indianapolis to support efforts that promote the city of Warsaw and its "industry cluster" as the Orthopedic Capital of the World. OrthoWorx says the funding could total as much as $2.3 million during the three-year grant period.... Read More

Solinftec Secures $60M ‘Bridge’ Funding Round

West Lafayette-based Solinftec has closed on a $60 million growth investment round. The company, which has developed a farm operations management software platform, says it will use the funding to grow the platform as it plans for future expansion. Solinftec's software is designed to use artificial intelligence to analyze real-time data on crops, equipment, weather and other factors to help farmers address key issues in a more efficient and sustainable manner.... Read More