State Awards $500M in READI Grants to All Regions

The Indiana Economic Development Corp. has announced the grant recipients in the $500 million Regional Economic Acceleration and Development Initiative. The IEDC Board of Directors has approved recommendations to provide grants to all 17 regions representing every Indiana county, though only five regions have received the maximum $50 million allocation. ... Read More

Specialty Crop Sector Receives Grant Funding

The Indiana State Department of Agriculture has awarded more than $450,000 to four Purdue University projects designed to grow Indiana's specialty crop sector. The funding was provided by the United State Department of Agriculture’s Specialty Crop Block Grant Program.... Read More

Ivy Tech, Baptist Health Partner in Sellersburg

Ivy Tech Community College and Louisville-based Baptist Health have announced a $2.5 million partnership. Ivy Tech says the commitment will establish the Baptist Health School of Health Sciences and support renovations of Pfau Hall on its Sellersburg campus.... Read More

Powderkeg Names ‘Unvalley Award’ Winners

Indianapolis-based Powderkeg has unveiled the winners of its 2022 Unvalley Awards. The tech networking platform says the awards "recognize the best startups and tech companies to work for in emerging tech communities beyond Silicon Valley."... Read More

Methodist Sports Medicine Rebrands

Carmel-based Methodist Sports Medicine has changed its name to Forté Sports Medicine and Orthopedics. The practice says it underwent a rebranding process to find a name that would highlight its brand promise and position itself for future growth.... Read More

Plant Closure to Bring Layoffs in Granger

A sound insulation company headquartered in Pennsylvania has announced plans to close its facility in Granger. In a notice to the state, Molded Acoustical Products of Easton Inc. says the closure will result in the layoffs of 114 employees.... Read More

Hampton Inn & Suites Breaks Ground in Speedway

The town of Speedway recently held a groundbreaking ceremony for a Hampton Inn & Suites in the Founders Square Development near I-465 and Crawfordsville Road. The new MHG Hotels six-story structure will offer 129 rooms, 10,000 square feet of conference space and 5,000 square feet of space to include a restaurant and bar.... Read More

State to Unveil READI Grant Recipients

The Indiana Economic Development Corp. will Tuesday announce the recipients of funding as part of the $500 million Regional Economic Acceleration and Development Initiative. Seventeen regions representing all 92 counties have presented their regional development plans, for which they could receive up to $50 million.... Read More

Lilly to Collaborate with Chinese Company

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has inked a research collaboration and licensing agreement with Regor Therapeutics Group, which is co-located in China and Boston. Lilly says as part of the deal, the companies will work together to discover, develop and commercialize novel therapies for metabolic disorders.... Read More

IU Foundation Names New President, CEO

The Indiana University Foundation has named J Thomas Forbes its president and chief executive officer. Forbes has served in the role on an interim basis since former President Dan Smith stepped down last year to return to the IU Kelley School of Business faculty.... Read More

Virtual Job Fair to Feature Long-Term Care Providers

The Indiana Department of Workforce Development will Tuesday host a virtual job fair in partnership with the Indiana Health Care Association and the Indiana Center for Assisted Living. The DWD says the event will involve four long-term care providers looking to fill jobs throughout the state.... Read More