Hoosier Startup Using Data to Predict Water Pipe Breaks

An Evansville-based startup is looking to help water utilities prevent pipe breaks. Utiliz has developed a subscription-based app that can predict which pipes are most likely to fail next by aggregating data from a variety of sources, including the water utility itself. The startup last week took the $10,000 top prize at the Spring 2022 Crossroads Pitch Competition at The Mill in Bloomington. ... Read More

Shoe Carnival Reports Record Quarter

Evansville-based Shoe Carnival Inc. (Nasdaq: SCVL) is reporting record fourth quarter net income of nearly $21 million, compared to $7.4 million during the same period a year ago. The footwear retailer says net sales grew 23% during the quarter.... Read More

Funding Rule Could Affect Some READI Projects

Officials throughout the state are having to reevaluate some of the projects in their Regional Economic Acceleration and Development Initiative plans. Our partners at the Indianapolis Business Journal report specific requirements in the federal funding for the READI program may make some projects ineligible.... Read More

Krueger Promoted to 16 Tech CEO

Indianapolis-based 16 Tech Community Corp. has selected Emily Krueger as its next president and chief executive officer. Krueger has served as the nonprofit's chief operating officer since 2018 and will succeed Bob Coy, who is retiring next month.... Read More

Franklin College Receives Gift

Franklin College is the recipient of a $500,000 estate commitment from longtime Franklin resident and photography business owner Phil Smith. The funding will establish the Phil Smith Engaged Learning Fund.... Read More

Downtown Indy Golf Venue Set for June Opening

A $30 million golf and entertainment space is expected to open this summer in downtown Indianapolis. Back 9 Golf & Entertainment says the facility will create up to 200 full-time and part-time jobs and feature a three-story golf range, restaurant and bar spaces, and a 550-person music pavilion.... Read More

Corsicana to Open La Porte Facility

Dallas-based mattress manufacturer Corsicana Mattress Co. will Wednesday open its 165,000-square-foot facility in La Porte. Corsicana announced plans in 2020 to invest nearly $9 million to lease and equip the manufacturing facility and create up to 350 jobs by the end of 2023.... Read More

Goshen Hospital Celebrates Completion of Tower

Goshen Hospital is Wednesday celebrating the completion of its new four-story patient tower. The hospital says the tower includes private rooms and state-of-the-art infection control capabilities to minimize exposure to infection and enhance safety for patients and caregivers.... Read More

I&M Seeks Proposals for Solar, Wind Projects

Fort Wayne-based Indiana Michigan Power is looking to add to its renewable energy portfolio. The utility has issued a Request for Proposals for facilities that will generate about 800 megawatts of wind energy and about 500 MW of solar power.... Read More

Basiloid Diversified Products Expanding

Basiloid Diversified Products plans to expand its facility in Knox County and create up to 16 jobs. Plans call for the lift truck attachment metal fabricator invest more than $1.5 million in the Bicknell location.... Read More

CICP Foundation Receives $35M from Lilly Endowment

The Central Indiana Corporate Partnership Foundation in Indianapolis has received five grants totaling $34.6 million from Lilly Endowment Inc. The foundation says the funds will be used to support collaborative projects in Indiana’s agbiosciences, life sciences, advanced manufacturing and logistics and technology sectors.... Read More

Sweets & Snacks Expo to Return to Indy

The National Confectioners Association has announced its annual Sweets & Snacks Expo will return to Indianapolis after the city hosted the event in 2021. Beginning in 2024, the NCA will start a rotation of hosting the event at the Indiana Convention Center for two years, followed by one year at the Las Vegas Convention Center until 2032. ... Read More