The Boone Economic Development Corp. is launching an initiative to address broadband access and digital skills. The Boone EDC says a $15,000 grant from Duke Energy Foundation and the Purdue Center for Regional Development will be used to pinpoint current barriers to digital inclusion.... Read More
Virginia-based AES Corp. (NYSE: AEP), the parent of AES Indiana, says it will accelerate the timeline to eliminate the use of coal at its power plants within the next three years. While not specifically mentioning Indiana in its quarterly financial report, the company said it “intends to exit coal by 2025,” creating uncertainty for the two remaining coal-fired units at the Petersburg Generating Station in Pike County.... Read More
Indianapolis-based Calumet Specialty Products Partners L.P. (Nasdaq: CLMT) is reporting a full-year net loss of $260 million, compared to a loss of $149 million in 2020. The report comes a day after the company announced a host of leadership changes.... Read More
The University of Notre Dame and representatives from Carrier Global Corp. (NYSE: CARR) today celebrated the opening of a new laboratory at Ignition Park, an innovation and technology park in South Bend. The Willis Carrier Centrifugal Compressor Technology Laboratory will allow students to gain hands-on experience with Carrier’s HVAC compressor development.... Read More
The Indiana House of Representatives has unanimously approved an amendment designed to punish Russia for its invasion of Ukraine. Our partners at WIBC report the amendment from Rep. Ryan Dvorak (D-South Bend) would bar any businesses associated with the Russian Federation from purchasing real estate in Indiana.... Read More
The Indiana Broadband Office has designated Pulaski County as a Broadband Ready Community. The designation means the county has taken steps to reduce barriers to broadband infrastructure investment.... Read More
For the sixth straight year, the Indiana University School of Medicine is celebrating a record-breaking year of research funding. In 2021, the institution brought in more $217 million from the National Institutes of Health, which is $5 million more than the previous year. Of the top 20 research projects throughout the U.S., eight departments of the IU School of Medicine appear on the list.... Read More
Carmel-based KAR Global (NYSE: KAR) has entered into an agreement to sell its ADESA U.S. physical auction business to Carvana Co. (NYSE: CVNA) in Arizona. The deal, which includes all auction sales, operations and staff of 56 ADESA U.S. vehicle logistics centers, is valued at $2.2 billion.... Read More
Planning is underway for a proposed 248-acre park for the city of Valparaiso. Our partners at The Times of Northwest Indiana report the new park is part of an initiative called “Valparaiso for all Generations.”... Read More
Italian contract manufacturer Lincotek Group has acquired a majority stake in Danco Medical from Danco Anodizing in Warsaw. While financial terms of the deal were not disclosed, Lincotek says the acquisition strengthens its medical division and gives the company a more competitive edge in a wide range of projects.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) says it will acquire Rockford Corp., a designer and distributor of audio systems and components for the powersports, marine and automotive markets, headquartered in Arizona. Financial terms of the deal were not disclosed.... Read More
Radius Indiana has released the findings of a study it conducted of post-pandemic entrepreneurship in southern Indiana. The survey includes data on demand for spaces, resources, and other support to grow entrepreneurship and support remote working.... Read More
The Builders Association of Greater Indianapolis says the number of single-family building permits in central Indiana dropped 18% last month, compared to January 2021. BAGI says 636 permits were issued in the nine-county region.... Read More
The Wabash Heartland Innovation Network has awarded $157,000 in e-learning funds to Community Schools of Frankfort. WHIN says the grant will substantially increase the district's WiFi capabilities and will help equip its school buses with hotspots.... Read More
The statewide Innovate WithIN pitch competition is celebrating a record number of applicants with around 2,300 high school students applying, compared to just 815 last year. The competition, the largest of its kind in the country, is designed to give young innovators the chance to see problems as opportunities.... Read More
Indianapolis has earned a reputation as a sports capital and built an industry around the business of sports. But how did it pull off the improbable: hosting the entirety of March Madness? Ryan Vaughn joins us with a special look at how Indy and Indiana were “Made For This Moment.”... Read More
Purdue University Global and Ivy Tech Community College have formed a partnership they say will offer more transfer options to students. Beginning next month, the schools say they will begin exchanging and accepting credits for prior learning.... Read More
The Indiana Utility Regulatory Commission has approved a settlement agreement involving residential rates for Fort Wayne-based Indiana Michigan Power. I&M says as a result, residential customers will see a nearly $95 million reduction over two phases.... Read More
The chairman and co-founder of Indianapolis-based Calumet Specialty Products Partners (Nasdaq: CLMT) has announced his retirement, setting off a chain of leadership changes.... Read More
Evansville-based TableLogix and parent company ProLam Products are now under new ownership. FACILITYConcepts, a furniture manufacturer based in Whitestown, has acquired the businesses with plans to continue their custom-built furniture operations.... Read More
