Conexus: Deal Includes 'Big Win' For Indiana

2013-10-18T12:40:00Z 2013-10-18T17:29:10Z Conexus: Deal Includes 'Big Win' For IndianaGerry Dick Inside Indiana Business nwitimes.com
October 18, 2013 12:40 pm  • 

The vice president of the state's manufacturing and logistics initiative says the end of the partial government shutdown will result in a "huge economic development win" for Indiana. David Holt says the agreement to end the shutdown includes lifting caps on what can be set aside to fund repairs to the Ohio River's Olmsted Locks. He says if the locks break down Indiana companies would not have access to the Mississippi River and would need to spend more money for an alternate route. Holt says not repairing the locks would be "devastating" for Indiana's logistics industry.

 

$30 Million Gift to Fund New Notre Dame Building

The University of Notre Dame has received a $30 million donation. The gift from Donald and Marilyn Keough will go toward a new institutional studies facility on the South Bend campus. It will be named in honor of current President John Jenkins.

 

Major Downtown Development Receives Key Approval

A $71 million downtown development project in Fort Wayne has cleared a major step in its funding process. The city received unanimous approval from the Capital Improvement Board for $6.5 million to pay for loans on the nearly 800-space garage that will serve as the base of the mixed-use property.

 

Indiana Companies Partner on Denver Hotel

Merrillville-based White Lodging Services Corp. has chosen a joint venture that includes Shiel Sexton Co. Inc. in Indianapolis to construct a large hotel in Denver. Construction on the 21-story Hyatt is scheduled to begin next month.

 

'Peyton Effect' Lifting Indianapolis

The vice president of marketing and communications at Visit Indy says this weekend's return of former Indianapolis Colts quarterback Peyton Manning is expected to be a boon for the city's economy. Chris Gahl tells Inside INdiana Business downtown hotel rooms are at "virtual sellout" levels.

 

Pumpkin Harvest Healthy, Despite Weather

A Purdue University plant pathologist says, despite periods of above- and below-normal rain over the summer, Indiana's pumpkin producers had a healthy yield. Dan Egel says consumers should have no trouble finding good-quality Indiana pumpkins this year.

 

Running Events to Boost Wabash Valley

A series of cross-country events that begins this weekend is expected to draw thousands of athletes and fans to Terre Haute. The city's convention and visitors bureau estimates the high school and college events will pump around $2 million into the economy.

 

Earlham College Updates Improvement Plan

Earlham College is marking the completion of two building projects on the Richmond campus. The new science and welcome center buildings are part of a long-term, $50 million investment plan.

 

Grant to Support Purdue STEM Effort

Purdue University will use a $345,000 grant from the National Science Foundation to take part in a program designed to develop standards for graduate STEM education. The collaboration among several schools aims to increase faculty diversity in STEM-related subjects.

 

Charter Board Approves Elementary School

The Indianapolis Charter School Board has approved a charter for an elementary school set to open next academic year. KIPP Indianapolis already operates a middle school in the area, and plans to locate the elementary school on the east side of the city.

 

Innovator of The Year Finalists Announced

Seven individuals and companies have been selected as finalists for a northeast Indiana publication's Innovator of the Year Award. Those competing for this year's Greater Fort Wayne Business Weekly honor include an assisted living home, a distribution company and a credit union.

 

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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