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

INvets Appoints Executive Director

Indianapolis-based nonprofit INvets has named Blaine Zimmerman its executive director. The organization says Zimmerman succeeds Wes Wood, who is stepping down from the position to pursue an opportunity at Dallas-based Veryable.... Read More

Mad Anthonys Names Red Coat Recipients

The Fort Wayne-based Mad Anthonys Foundation has named Purdue men's basketball coach Matt Panter, along with Rick and Vicki James of Metal Technologies Inc. in Auburn as its 2022 Red Coat honorees. The recognition is given annually to individuals who have made a positive impact on the Fort Wayne region and the state.... Read More

G2 Rowing Breaks Ground on Boat Storage Facility

Fort Wayne Parks and Recreation is partnering with G2 Rowing Association to build a boat storage facility at Shoaff Park. The department says construction on the facility is now underway, and the project is expected to be complete in April.... Read More

DriverReach Secures $7.5M Investment

An Indianapolis-based tech company has closed on a $7.5 million investment round led by Fulcrum Equity Partners, a growth equity fund headquartered in Atlanta. DriverReach, which has developed a recruiting and compliance management platform for the trucking industry, says it plans to use the funding to fuel product development and add up to 60 jobs over the next three years. "It's pouring some serious gasoline on the fire," said DriverReach Chief Executive Officer Jeremy Reymer.... Read More