Holcomb Issues Executive Order Amid Ukraine Invasion

Governor Eric Holcomb has signed an executive order in the wake of what he calls Russian President Vladimir Putin's "unprovoked invasion" of Ukraine. The order lists specific actions, including a review of all state contracts involving Russian-owned or Russian-affiliated companies.... Read More

U.S. Steel Investing $60M in Gary Works

Pittsburgh-based U.S. Steel Corp. (NYSE: X) is planning to invest $60 million into its Gary Works mill. The steelmaker says the investment will allow for the production of up to 500,000 tons of pig iron annually.... Read More

Indiana Dunes Tourism Resumes Grant Program

Indiana Dunes Tourism has reimplemented its annual grant program and named this year’s recipients. More than $22,500 is being awarded to organizations planning to bring visitors into Porter County and the Indiana Dunes area by building new attractions or organizing festivals, events and meetings.... Read More

Leadership Change at Mursix

Yorktown-based Mursix Corp. has named Jeff Frost president. Frost formerly served as director of operations and will report to Chief Executive Officer Todd Murray.... Read More

Butler Surpasses $250M Campaign Goal

Butler University says it has exceeded its $250 million fundraising goal for the Butler Beyond campaign, which is the largest campaign in the school's history. The university says the campaign was supported by donations during its Day of Giving event, as well as several million-dollar commitments from individuals and families.... Read More

Apria Reports Annual Profit

Indianapolis-based Apria Inc. (Nasdaq: APR) is reporting full-year net income of $65 million last year, up from $46.1 million in 2020. Chief Executive Officer Dan Starck says despite the COVID-19 pandemic and supply chain challenges, 2021 was a banner year for Apria.... Read More

VC Investment Surpasses $1B in 2021

For the first time, Indiana has topped $1 billion in venture capital investment. The 2021 Indiana Venture Report from Indianapolis-based Elevate Ventures says the state saw 159 deals totaling $1.4 billion, which is a 186% increase over 2020 and exceeds the total amount invested in 2019 and 2020 combined.... Read More

Steel Mills Pay Out Profit-Sharing Bonuses

Thousands of steelworkers are taking home thousands of dollars in bonuses from Pittsburgh-based U.S. Steel (NYSE: X) and Ohio-based Cleveland-Cliffs Inc. (NYSE: CLF). Our partners at The Times of Northwest Indiana report bonuses saw a major uptick at steel mills amid record profits.... Read More

Foam Supplier Expanding to Fort Wayne

An Elkhart-based foam manufacturer is expanding operations into Allen County. Vahala Foam Inc., which provides polyurethane cushion foam for RV, marine, bedding and office products, says it will invest nearly $7 million in its new location in Fort Wayne and create up to 125 jobs by the end of 2024.... Read More

IndyGo Breaks Ground on Purple Line

IndyGo broke ground Friday on its second of three bus rapid transit lines. The $187 million Purple Line is designed to connect downtown Indianapolis and Lawrence through east side neighborhoods.... Read More

Indiana Hospitals Included Among ‘Top 100’

Several Indiana hospitals are included in The Chartis Group's annual lists of the Top 100 Critical Access Hospitals and the Top 100 Rural & Community Hospitals. Chicago-based Chartis, which provides advisory services and analytics to the healthcare industry, says the program honors outstanding performance among the country's rural hospitals.... Read More

Lilly Drug Gains Additional FDA Approval

The U.S. Food and Drug Administration has awarded another approval for Jardiance developed by Indianapolis-based Eli Lilly and Co. (NYSE: LLY) and Boehringer Ingelheim in Germany. The company says Jardiance has been approved to treat adults with any type of heart failure.... Read More