‘Historic’ Demand Fuels Steel Dynamics’ Growth

An executive with Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) says the company's recent growth is due to both increased market demand and strategic investments. The steelmaker reported record profit in 2021 and last week announced plans to hire up to 200 employees in northeast Indiana. Senior Vice President Chris Graham says the company is confident it will find the workforce it needs because of its reputation as an employer.... Read More

Redevelopment Aims to Transform Dyer’s Central Park

The town of Dyer is working to transform one of its parks into a regional attraction. Our partners at The Times of Northwest Indiana report the town's redevelopment of Central Park includes construction of multi-purpose athletic facilities, field resurfacing and additional parking.... Read More

Surack Enterprises to Build $50M Mixed-Use Project

The founders of Fort Wayne-based musical instrument retailer Sweetwater are leading the way for more mixed-use development in the city's downtown. Chuck Surack and his wife Lisa are partnering with the city to build a $50 million, seven story building that will include 76 apartments, parking and ground floor commercial space.... Read More

$300M Mixed-Use Project Planned for Plainfield

Indianapolis-based New City Development has announced plans for a $300 million, 125-acre master planned community for in Plainfield. Hobbs Station will include not only residential, retail and restaurant space, but also offer logistics and build-to-suit office space.... Read More

Jeffersonville Hotel Sold

Virginia-based Sotherly Hotels Inc. (Nasdaq: SOHO) has completed the sale of the Sheraton Louisville Riverside Hotel in Jeffersonville. The company says the deal is valued at $11.5 million.... Read More

Indy Teams to Compete at Make48 Invention Competition

Two Indianapolis teams are advancing to the Make48 nationals in Kansas this March, where they will compete for $10,000. Make48 is a multi-city invention competition docuseries where teams create a prototype, promotional video and a sales sheet to present to a panel of judges.... Read More

Frazier: Corteva HQ ‘Massive Validation’

How big is Corteva Agriscience’s decision to designate Indianapolis as its corporate headquarters? Agrinovus Chief Executive Officer Mitch Frazier says the announcement represented “a historic week for Indiana” that continues the state’s emergence on the global agbiosience stage. ... Read More

State Revenue Continues to Beat Projections

Indiana revenue exceeded the most recent projections for the month of January. The Indiana State Budget Agency says General Fund revenues totaled more than $2 billion last month, which was 2.1% higher than the December 2021 forecast and more than 11% higher than the same month in 2020.... Read More

LGC Associates Launches EnviroStaff Division

LGC Associates in Indianapolis is launching an EnviroStaff division. The staffing company says the division, to be based out of St. Louis, will work with business clients who need to recruit STEM-related professionals for temporary and permanent positions.... Read More

Quarterly Loss Widens for Inotiv

West Lafayette-based Inotiv Inc. (Nasdaq: NOTV) is reporting a first quarter net loss of $83 million, compared to a loss of $366,000 during the same period last year. Chief Executive Officer Robert Leasure says, despite the drop, the company's recent acquisitions and partnerships will help mitigate potential supply bottlenecks.... Read More

Indiana Donor Network Sees Another Record Year

The Indiana Donor Network had another record year in 2021. Despite the challenges of the pandemic, the nonprofit says the number of transplants increased by 43% over the past two years, saving the lives of more than 800 people. Indiana Donor Network Chief Executive Officer Kellie Tremain says the increase is being driven by the generosity of Hoosiers, as well as changes within the organization.... Read More

IUPUI to Offer New Philanthropy Doctorate

The Lilly Family School of Philanthropy at IUPUI has received approval from the Indiana Commission for Higher Education to offer a doctoral degree to develop leaders for the nonprofit and philanthropic sectors. The university will start offering the program in the fall 2023 semester.... Read More

Gary Inks Settlement Over Failed Akyumen Project

The city of Gary has reached a settlement in its lawsuit against California-based Akyumen Industries Corp. Our partners at The Times of Northwest Indiana report the city's redevelopment commission will regain control of the Genesis Convention Center and Ivanhoe Gardens properties, where Akyumen had planned to establish its new headquarters and a manufacturing facility to produce 5G smartphones.... Read More