A Purdue University engineering professor who developed a solar-powered tool to help subsistence farmers preserve food in Africa has been named Indiana and Great Lakes Region Exporter of the Year ... Read More
Indianapolis-based F.C. Tucker Co. says central Indiana continued to see an increase in home prices and housing inventory in April. However, pended home sales in the 16-county region dropped 5.4% compared to the same month last year.... Read More
A New Albany restaurateur and a local real estate developer have proposed building a $3 million downtown mixed-use development to the New Albany Redevelopment Commission. The plans call for a 12,000-square-foot property that would include headquarters for a growing restaurant chain, a restaurant, retail and potentially residential space.... Read More
Michigan-based Teijin Automotive Technologies will Thursday break ground on a $110 million expansion at its manufacturing plant in Huntington. The automotive components manufacturer says the project will add 164,000 square feet of space and create up to 225 jobs over the next several years.... Read More
Ivy Tech Community College's Warsaw campus is partnering with Whitko Community Schools to launch Ivy Tech Academy. Ivy Tech says the academy will offer high school students a dedicated space to attend virtual college classes during the school day.... Read More
A Kentucky-based cryptocurrency startup is looking to transform a portion of the Merom Generating Station in Sullivan County into a crypto mining facility. AboutBit LLC says it is investing $50 million in the project, which will create up to 15 high-tech jobs with the potential for more once the facility is online.... Read More
Merit Tool & Mfg. Inc., which is located in the Delaware County town of Eaton, is investing nearly $140,000 for new equipment. The company, which provides custom machined tooling, gauging, detail parts and assemblies, is purchasing a Vertical Machining Center, a type of CNC controller for milling, drilling, tapping and boring.... Read More
The Indiana Destination Development Corp. is awarding nearly $250,000 to fund 49 public art projects throughout the state. Each organization will receive a non-matching grant of up to $5,000 for a public art project in their community.... Read More
a case competition designed to boost innovation and sustainability in plastics. The 2022 Plastics & Circularity Case Competition will be open to the more than 130,000 Net Impact members to figure out...... Read More
TechPoint, the state initiative to grow Indiana’s technology ecosystem, has received a $750,000 gift from Microsoft Philanthropies to help upskill career-changing adults who want to enter the tech workforce. The nonprofit says the funding will allow it help guide adults towards skills-focused training, as opposed to a traditional college degree.... Read More
The federal Economic Development Administration is awarding a $1.5 million grant to Indiana Tech in Fort Wayne to support workforce training efforts. The funding, which comes from the American Rescue Plan Act, will allow the school to purchase technical equipment that will support 11 engineering- and manufacturing-related certification programs.... Read More
Shareholders of Columbus-based Cummins Inc. (NYSE: CMI) said “no” Tuesday to a proposal to split the duties of chairman and chief executive officer, a dual role currently held by Tom Linebarger. Our partners at the Daily Journal report shareholders rejected the proposal during the company’s annual shareholder meeting.... Read More
The Auburn Plan Commission has given its approval for a planned $42 million sports park. Our partners at WPTA-TV report the vote, which had been delayed for several months, will allow developer Auburn Sports Group to begin work on the project.... Read More
Indianapolis-based Duke Realty Corp. (NYSE: DRE) says the $24 billion offer from logistics real estate firm Prologis Inc. (NYSE: PLD) to acquire the business is “insufficient.” ... Read More
The Indiana Department of Education has announced a partnership with 69 schools throughout the state to launch programs that will provide coaching to teachers in reading or STEM subjects. The IDOE is deploying $20 million from the second round of the Elementary and Secondary School Emergency Relief Fund to cover the full cost of programming for the 2022-2023 school year.... Read More
Louisiana-based The Purple Guys, a provider of managed IT services, has completed the acquisition of Accelerate, an Indianapolis-based IT services provider. While financial terms of the deal were not disclosed, The Purple Guys says the acquisition expands its presence in the central U.S. and provides additional resources and support for clients.... Read More
enFocus Inc. was started a decade ago to bring a greater entrepreneurial spirit to northern Indiana. The South Bend-based nonprofit, which also has an office in Elkhart, connects recent graduates with local organizations to tackle tough challenges while also focusing on its mission to attract, develop and retain talent in the region. ... Read More
University of Indianapolis President Robert Manuel will soon be leaving Indy to become the next president of DePaul University in Chicago. Manuel has served as UIndy's president since 2012 and will begin his new role on August 1.... Read More
Grow Wabash County has unveiled the winners of the 2022 INnovate Wabash County student pitch competition. The event featured student entrepreneurs pitching their business ideas to a panel of business professionals, entrepreneurs and mentors. ... Read More
Fort Wayne-based SOLV Holdings, which is an affiliate of private equity firm Ambassador Enterprises, has acquired Custom Sound Designs, an audio, visual, lighting, and acoustic design firm headquartered in New Haven. While financial terms of the deal were not disclosed, SOLV says CSD has a track record of growth, expertise, and successful project execution.... Read More
