Ricks: Indiana Focus Needed on New Economy

Eli Lilly and Co. (NYSE: LLY) Chief Executive Officer Dave Ricks says while Indiana has built a low tax, business friendly environment that is attractive, there needs to be a focus on non-traditional factors if the state is going to be successful in the new economy. ... Read More

Launch Terre Haute Seeking ‘Launch P@d’ Partner

Launch Terre Haute is looking for a new partner for its Launch P@d initiative. The program provides business mentoring services and a retail location at a discounted rental rate to a new business that wins a pitch competition hosted by the coworking space.... Read More

City of Fishers Hiring 100 Seasonal Workers

The city of Fishers is looking to hire about 100 seasonal employees. The city says the open positions support its summer operations, including parks, trails, and greenspace maintenance, youth summer camps and stormwater and sewer system upkeep.... Read More

Cleveland-Cliffs Reaches Settlement Over Discharge

Ohio-based Cleveland-Cliffs Inc. (Nasdaq: CLF) has reached a consent decree regarding a chemical discharge from the Burns Harbor Works steel mill in 2019. Our partners at The Times of Northwest Indiana report the steelmaker has agreed to pay a $3 million fine, fix equipment and donate land to the Indiana Dunes National Park.... Read More

Downtown Indy CEO Inc. to Step Down

Downtown Indy Inc.'s president and chief executive officer Sherry Seiwert is planning to resign at the end of the month. Bob Schultz, who currently serves as DII’s senior vice president of marketing and events, will take over as interim president.... Read More

Allegion to Acquire Stanley Access Technologies

Ireland-based Allegion plc (NYSE: ALLE), which has its Americas regional headquarters in Carmel, has announced plans to acquire Stanley Access Technologies LLC in a cash deal valued at $900 million. Access Technologies is the automatic entrance solutions business of of Stanley Black & Decker Inc. (NYSE: SWK), headquartered in Connecticut.... Read More

International School to Celebrate New Building

The International School of Indiana will Saturday celebrate the completion of the $13.5 million Chen Family Lower School building in Indianapolis. The school is the result of capital campaign to create a unified campus on the city's northwest side.... Read More

Indy IT Company Acquired

Indianapolis-based IT integration company is under new ownership. Cyberian Technologies, which provides custom IT, cloud, consulting and security services, has been acquired by Houston-based IT firm, Meriplex, though financial terms were not disclosed.... Read More

Cummins Planning Filtration Business Spin-Off

Columbus-based Cummins Inc. (NYSE: CMI) is looking to spin off its filtration business into its own publicly-held company. The manufacturer says it has confidentially filed for a proposed Initial Public Offering for the business with the U.S. Securities and Exchange Commission.... Read More