Formstack Lands $425M Investment

Fishers-based tech company Formstack says it has secured a $425 million growth investment. The company, which has developed a workplace productivity software platform, says it will use the funding to accelerate growth in key areas, including go-to-market, product development, and expansion of its remote-first team.... Read More

Churchill Downs to Operate Terre Haute Casino

The Indiana Gaming Commission has selected Kentucky-based Churchill Downs Inc. (Nasdaq: CHDN) as the operator for the new casino in Terre Haute. However, the company will not receive the Vigo County gaming license just yet. The commission said Wednesday an appeal of its decision to not renew the license for Terre Haute-based Lucy Luck Gaming must still be resolved.... Read More

I&M Reaches Settlement on Rate Case Proposal

Fort Wayne-based Indiana Michigan Power has reached a settlement agreement with the Indiana Office of Utility Consumer Counselor and other parties over its proposed rate case. If approved by the Indiana Utility Regulatory Commission, the deal will result in a 5% reduction in base rates for Hoosier residential customers.... Read More

CFP to Detail Events for Championship Weekend

The College Football Playoff will Thursday provide details on fan events and activities leading up to the 2022 CFP National Championship game at Lucas Oil Stadium. The events, which will include musical acts and the Allstate Championship Tailgate, will take place January 8-10 in downtown Indy.... Read More

IDEM Commissioner to Step Down

Governor Eric Holcomb has announced Indiana Department of Environmental Management Commissioner Bruno Pigott will step down next month. Pigott, who was appointed commissioner in 2017, is leaving to become deputy assistant administrator in the office of water for the U.S. Environmental Protection Agency.... Read More

Program Aims to Help Small Southeast Indiana Businesses

One Southern Indiana and the Indiana Small Business Development Center are partnering on a new initiative designed to help grow small businesses in the southeastern part of the state. The Small Business Navigator Program will provide a wide range of services, including a training component in the form of a "business boot camp" to educate entrepreneurs on topics such as developing a business plan and understanding financials. ... Read More

New IEDC Talent & Workforce Lead Named

Indiana Secretary of Commerce Brad Chambers has named former General Electric Inc. (NYSE: GE) senior leader Tony Denhart executive vice president of talent and workforce for the Indiana Economic Development Corp.... Read More

Berry Global Continues Recycled Material Growth

Evansville-based Berry Global Group Inc. (NYSE: BERY) is continuing to grow its access to recycled materials to be used in the plastic products it manufactures. The company says it has inked a deal with Florida-based PureCycle to source its advanced recycled resin as demand for more sustainable products grows.... Read More