Hicks: Indiana Seeing ‘Good’ Recovery from Pandemic

In his State of the State address last week, Governor Eric Holcomb touted the state’s low unemployment, a big and blooming budget surplus and record economic development numbers in a speech Ball State economist Mike Hicks believes reflects an economy that is keeping pace with the nation’s recovery from the pandemic. ... Read More

Henry County Company Sells European Subsidiary

Spiceland-based Draper Inc. has announced the sale of its Swedish subsidiary. The company says Draper Europe AB, which manufactures projection screens, awnings and window coverings, will now operate under the ownership of its current management team.... Read More

PODCAST: Agbiosciences in 2022

AgriNovus Indiana Chief Executive Officer Mitch Frazier says over the past two years, the entire world focused on the food supply chain as it faced multiple challenges from the COVID-19 pandemic... Read More

$500K Gift to Support PFW School of Polytechnic

Purdue University Fort Wayne is investing nearly $1 million, including a $500,000 gift from the Don Wood Foundation, to update robotic and manufacturing technology in its school of polytechnic. The university says its a "transformational opportunity" that will help increase its graduates who join the fields of robotics, advanced manufacturing, and machining.... Read More

IEA Subsidiary Secures $75M for Illinois Wind Farm

White Construction, a subsidiary of Indianapolis-based Infrastructure and Energy Alternatives Inc. (Nasdaq: IEA), has secured a $75 million contract with Chicago-based Invenergy to construct a wind farm. IEA says the Sapphire Sky Wind Project is a 250-megawatt utility-scale wind farm in McLean County, Illinois.... Read More

Burn Center Rounds Out Treatment Capabilities at Indy Hospital

Ascension-St. Vincent says new additions at its Indianapolis campus means the hospital can now handle any emergency patient regardless of age or injury. The health system recently opened a new burn center for both adult and pediatric patients on the same day it opened a new pediatric trauma center at...... Read More

Safeway Supermarkets, Others Become Employee-Owned

Indianapolis-based venture firm SAW Capital, which operates Safeway Supermarkets and other businesses, is now an employee-owned company with a new name. The new Employee Stock Ownership Plan company, SAW Ventures Inc. and its divisions, will be led by President Leslie Exendine.... Read More

American Resources Details Partnership with Heritage

Fishers-based American Resources Corp. (Nasdaq: AREC) has announced a partnership between its subsidiary, American Rare Earth LLC, and HG Ventures LLC, the venture capital investment arm of Indianapolis-based The Heritage Group. The company says the effort will put the partners on the path to becoming the first and lowest-cost producer of domestically-sourced, purified and sustainable battery and magnet metals.... Read More

PPG to Close Lafayette Plant

Pittsburgh-based PPG Industries Inc. (NYSE: PPG) has notified the state it intends to close its plant in Lafayette this fall, leaving 54 workers without jobs... Read More

Ag-Celerator Fund Invests in Two Startups

Two startups founded by Purdue University alumni have each received $100,000 from the Purdue Ag-Celerator fund. The university says Insignum AgTech and Verility Inc. will use the funding to commercialize and scale their agricultural ventures.... Read More

Indiana Farm Family Earns Top Honor

A fourth-generation farmer and his wife from LaPorte County were just named winners of the Young Farmers & Ranchers Achievement Award competition at the American Farm Bureau Federation’s National Convention in Atlanta. ... Read More

Indy Looking for New Uses at Downtown Sites

The Indianapolis Department of Metropolitan Development has released Requests for Proposals for two projects in downtown Indy. The RFPs are focused on the redevelopment of City Market East and the adaptive reuse of Marion County Jail II and the Arrestee Processing Center.... Read More

Andretti Company Launches IPO

Indianapolis-based Andretti Acquisition Corp. has begun its Initial Public Offering on the New York Stock Exchange. The company, led by former INDYCAR driver Michael Andretti, is looking to raise $200 million through the IPO.... Read More

I&M Details $45M Upgrade Project

Fort Wayne-based Indiana Michigan Power has announced plans for an electric transmission network upgrade in Grant and Blackford counties. The $45 million project will upgrade operational performance and reduce the likelihood of extended power outages and the need for frequent equipment repairs.... Read More