Fort Wayne-based Vera Bradley Inc. (Nasdaq: VRA) is reporting full-year net income of $17.8 million in 2021, up from $8.7 million during the previous year. Chief Executive Officer Rob Wallstrom says the company essentially returned to pre-pandemic revenue levels.... Read More
The chief executive officer of Minnesota-based Living Greens Farm says Muncie beat out other locations in Indiana, Illinois and Ohio for a planned $70 million aeroponic farm facility. The company this week said it would build the 200,000-square-foot farming, processing and packaging facility and create up to 120 jobs by the end of 2024. George Pastrana says the Delaware County city turned out to be "one of the most ideal places we could've selected."... Read More
Construction of the Current812 mixed-use development in the town of Clarksville is now underway. ... Read More
Evansville-based startup Utiliz has won first place in the Spring 2022 Crossroads Pitch Competition held at The Mill, Bloomington’s nonprofit center for entrepreneurship and coworking. Utiliz, which won by unanimous vote, helps determine when water utility pipes are likely to fail.... Read More
The Legends Day Concert, which is a part of the Indianapolis 500 weekend, will be held at new location this year. ... Read More
Churchill Downs is moving forward with its plans for a casino on the east side of Terre Haute. Executives from Churchill Downs presented to the Indiana Gaming Commission on Tuesday. The company has proposed moving its site from near Haute City Center to Margaret Avenue near Interstate 70.... Read More
Elkhart-based Thor Industries Inc. (NYSE: THO) is reporting fiscal second quarter net income of $267 million, compared to $133 million during the same period a year ago. Chief Executive Officer Bob Martin says the company's performance was extremely strong, despite supply chain challenges.... Read More
Indiana’s individual income tax rate would be gradually cut over the next seven years under a Republican-driven plan approved by legislators early Wednesday.... Read More
Agriculture is big business in Indiana, measuring more than $31 billion in cash receipts each year. But there is a new effort to support small businesses and entrepreneurs.... Read More
The Governor's Workforce Cabinet and Conexus Indiana have launched a $500,000 grant program designed to prepare students for careers in advanced manufacturing. The Education Readiness Grants will be awarded to eligible high schools statewide to purchase new smart manufacturing technologies and equipment to help students develop Industry 4.0 skills.... Read More
The Hammond Redevelopment Commission has approved a development agreement for a new mixed-use project. Mayor Tom McDermott's office says the $25 million project will bring more than 200 market rate apartments as well as commercial and retail space to the city's downtown.... Read More
Indianapolis-based Webster’s Sporting Goods has been acquired by Distinct Images, a supplier of imprinted apparel and promotional products also based in Indy. Founder Dick Webster says the deal comes at an opportune time as the company’s focus has shifted from retail sporting goods to embroidery, letter jackets and uniforms.... Read More
The University of Southern Indiana is adding to its offerings. The university is introducing a Bachelor of Science in Diagnostic Medical Sonography degree program, as well as three new certification programs.... Read More
Indianapolis-based-MITO Material Solutions, a startup in the special chemical industry, has raised $4.6 million dollars in a funding round.... Read More
Elkhart-based Truck Accessories Group LLC has rebranded to LEER Group. The company, which manufactures components for the automotive aftermarket, says the name change better reflects its collection of companies and the strength of its brands.... Read More
Indianapolis-based civil engineering and architectural firm Infrastructure and Energy Alternatives Inc. (Nasdaq: IEA) is reporting a fiscal full-year net loss of $83.7 million, compared to net income of $700,000 the previous year. However, total fourth quarter revenue increase by 39% due to growth in the renewable energy segments, such as wind turbines and solar farms.... Read More
A newly-formed nonprofit aims to raise awareness for charitable causes throughout the state in a unique way. Hoosiers For Good Inc. says it will raise funds for Indiana nonprofits by engaging student-athletes from Indiana University who want to use their names, image, and likenesses to shine a spotlight on philanthropic work being done in Hoosier communities. ... Read More
Columbus-based Cummins Inc. (NYSE: CMI) says it will reopen its offices in Indiana April 4, following a two-year closure because of the pandemic. The Republic reports the company has categorized each role and determined which jobs are fully on-site, fully remote, or hybrid, based on the function.... Read More
A Minnesota company that bills itself as the world's largest indoor vertical aeroponic farm is setting up shop in Delaware County. Living Greens Farm says it will invest nearly $70 million to establish a 200,000-square-foot farming, processing and packaging facility in Muncie and create up to 120 jobs by the end of 2024.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) has completed its previously-announced acquisition of Arizona-based Rockford Corp. and the Rockford Fosgate brand. Financial terms of the deal were not disclosed.... Read More
