Zimmer Biomet Swings to Profit, Details Spin-Off Closure

Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) is reporting full-year net income of $402 million last year, compared to a loss of $137 million in 2020. The medical device manufacturer says it also plans to close the previously-announced spinoff of its ZimVie company on March 1.... Read More

Chip Shortage Idles Chicago Ford Plant

The global semiconductor shortage is forcing Ford's (NYSE: F) Chicago Assembly Plant to be idled this week. Our partners at The Times of Northwest Indiana report thousands of auto workers, including many from northwest Indiana, will be temporarily out of work, beginning today.... Read More

Goshen Company Details Inflation Wage Plan

A Goshen-based manufacturer of modern stairs and railing has detailed plans for an inflation protection plan for employees. Viewrail says it will review inflation rates each quarter and increase wages to match inflation.... Read More

Ceres Solutions to Invest in United Prairie

Crawfordsville-based agricultural cooperative Ceres Solutions is planning to invest in United Prairie LLC, an agricultural supply business in Illinois. In the proposed purchase, Ceres Solutions would become a 20% owner of the company.... Read More

Residents Hopeful for Restoration of B.G. Pollard Lodge

A long-vacant building just outside the confines of Indiana University was once a beacon of pride for Bloomington's Black community. Today, the B.G. Pollard Lodge is a potential target for new development and was placed on the 2021 10 Most Endangered List from Indiana Landmarks. Residents such as former lodge member Gene Devane hope the building can be remembered for what it did for the local Black community.... Read More

16 Tech Awards Community Investment Grants

Indianapolis-based nonprofit 16 Tech Community Corp. is awarding a total of $300,000 in grants to 11 community development projects. The grants are part of the third cycle of funding from the 16 Tech Community Investment Fund, which focuses on workforce training, education, and beautification efforts in the Near West, Near Northwest and surrounding neighborhoods.... Read More

Simon Sells Circle Centre Ownership Stake

Indianapolis-based Simon Property Group Inc. (NYSE: SPG) has sold its ownership stake in Circle Centre Mall in downtown Indianapolis. The remaining ownership group, Circle Centre Development Co., is now seeking potential redevelopment ideas for the mall.... Read More

Berry Reports First Quarter Results

Evansville-based Berry Global Group Inc. (NYSE: BERY) is reporting fiscal first quarter net income of $121 million, down from $130 million during the same period last year. Chief Executive Officer Tom Salmon says despite the drop, an underlying demand for the company's products remains resilient.... Read More

Survey: Skills Shortages Expected to Continue

The latest Site Selectors Guild Survey shows the impact of a global talent shortage for both companies and communities. More than 40% of those surveyed believe skills shortages are now the new normal. Larry Gigerich, executive managing director of Fishers-based site selection firm Ginovus, says talent is the most important issue affecting economic development projects, particularly during the pandemic as more people leave the workforce.... Read More

IU-Led Health Network Expands to Mexico, Ghana

Indiana University is expanding a health program to include new locations in Ghana and Mexico. IU says the partnership, now known as the Academic Model Providing Access to Healthcare, will launch two new sites based on the success of the program over the past three decades in Kenya.... Read More

Indy Tech Company Lands $8M in Funding

Indianapolis-based Woven has closed on an $8 million Series A round of funding. The company, which has developed an interview platform for software companies to hire engineers, says it will use the funding to expand the platform and add an undisclosed number of jobs.... Read More

120Water Marks Major Annual Growth

A Zionsville-based startup is reporting a more than 500% customer increase in 2021. 120Water, which has developed a software platform for lead reduction and drinking water compliance programs, says the growth is due to the looming deadlines for compliance with the new Lead and Copper Rule Revisions from the U.S. Environmental Protection Agency.... Read More