A Speedway-based recreational vehicle startup is partnering with an IndyCar manufacturer on cutting-edge technology. Dallara LLC is providing engineering expertise for what Global Caravan Technologies Inc. is calling the first carbon fiber RV in the world. Chief Executive Officer Charles Hoefer tells Inside INdiana Business the collaboration was launched during a visit with Dallara leadership at this year's Indianapolis 500. He says the technology has potential to make an impact in markets like China, Australia and Europe. The CR-1 Carbon is set to be unveiled in December and will be followed by several other product launches.
Cities Willing to Put 'Skin in The Game' For Amtrak
The mayor of West Lafayette says his city, along with Lafayette and Tippecanoe County, are ready to make a financial commitment to help keep Amtrak's Hoosier State Line service operating. Federal funding for the line is drying up and the state has until October 1 to fill a $3 million funding gap. During an appearance on the weekend's Inside INdiana Business Television, John Dennis says he believes if the Hoosier State Line goes away, it will never return. He says several open and closed-door meetings have taken place and more discussion and testimony before a legislative committee are expected next week.
Crews Bring Down Final Bridge Section
The final section of the old Milton-Madison Bridge has been blasted into the Ohio River. Indiana Department of Transportation and Kentucky Transportation Cabinet crews took down the 600-foot span Thursday morning. Work is underway to upgrade the original peers to support the new bridge, which will be double the width of the former structure.
Study Examines Entitled Workers, 'Bully Bosses'
Research from Indiana University Southeast could offer insight into why some employees behave badly. Associate Professor of Management Kenneth Harris says results suggest workers feelings of entitlement are strongly linked to a perception of an "abusive" boss. He believes such attitudes can affect the bottom line. Harris says the research shows entitled employees were more likely to retaliate by putting in less effort or speaking poorly about their supervisors. Harris says the research shows entitled employees were more likely to retaliate by putting in less effort or speaking poorly about their supervisors.
Hoosier Companies Indicted in $100 Million Scheme
A tentative trial date in November has been set for the chief executive officer of Evansville-based Imperial Petroleum Inc. Jeffrey Wilson has been indicted in what U.S. Attorney Joe Hogsett calls "the largest instance of tax and securities fraud in state history." Middletown-based E-Biofuels has also been accused in the scheme to sell intentionally mislabeled biofuels in order to qualify for government incentives. Hogsett says damages to victims total more than $100 million.
Hoosiers Among America's 'Richest'
Four Hoosiers are on this year's Forbes' list of the Richest People in America. The publication lists Bloomington-based Cook Group Inc. Co-founder Gayle Cook as the richest person in Indiana. She is followed by Simon Property Group Inc.'s (NYSE: SPG) Herb Simon, White Lodging's Dean White and Indianapolis Colts Owner Jim Irsay. All four were on the list last year.
Recycling Plant, New Jobs Coming to Valpo
Georgia-based Pratt Industries has announced plans to build a recycling plant in Valparaiso. The company says it will invest $260 million in the project and create nearly 140 jobs. The company currently has a box-making facility in the Northwest Indiana city.
New ISU Academy Takes Flight
The chairman of Indiana State University's aviation department says the school's newly-opened flight academy has been "years in the making." Harry Minniear says the purchase of a fleet of aircraft will help ISU train students for what he believes will be the largest hiring spree of commercial pilots in decades. The academy is located at Terre Haute International Airport. Minniear says there are multiple reasons for the nation's growing pilot shortage.
Drone Technology Focus of Conference
The executive director of the Indiana-based National Center for Complex Operations says "the eyes of the nation are on Indiana and Ohio" because of their potential for developing unmanned systems. Matt Konkler is one of the organizers of the Mid-America Defense Conference in Southern Indiana, which took place this week in Scottsburg. He says efforts continue to land one of six federal drone test sites. Konkler tells Inside INdiana Business billions of dollars in potential development are at stake.
Health Nonprofits Weather The Storm
Despite two recessions, jobs and salaries in Indiana's nonprofit health care industry grew between 1995 and 2011. A new Indiana University report suggests health care was a "dominant force" in the nonprofit sector during that time, employing more than 137,000 in 2011. IU School of Public and Environmental Affairs professor Kirsten Grønbjerg believes it's too early to tell how the Affordable Care Act will impact the sector, but she "sees no reason" the industry's growth won't continue. Grønbjerg outlines why nonprofit health care providers has been relatively "recession-proof."
Bagger Dave's Eyes Indiana Expansion
A Michigan-based restaurant chain is planning to nearly double its presence in Indiana. A spokeswoman with Diversified Restaurant Holdings Inc., which operates Bagger Dave's restaurants, tells Inside INdiana Business plans call for new locations in Fishers, Greenwood and the Westfield/Carmel area. The fourth eatery is set to open next month at the Honey Creek Mall in Terre Haute.
Pence Names Works Councils Members
Governor Mike Pence has named the members and chairs of the 11 Indiana Regional Works Councils. Each group will be responsible for evaluating available career and training opportunities for high school students.
Lawmakers Listen to Small Business Concerns
A bipartisan panel aiming to help small businesses in Indiana will wrap up a series of statewide meetings this week. The small business caucus is planning sessions Tuesday in Kokomo and Rochester and Wednesday in South Bend and Elkhart. The meetings started more than a month ago and caucus members say several recurring themes have emerged, including a lack of so-called soft skills among prospective employees. State Representative Terri Austin (D-36) of Anderson and Tom Dermody (R-20) of LaPorte co-chair the caucus. Austin says many small business owners were not aware of available state incentives to support their efforts. Dermody says the are also talking about government bureaucracy, especially when it comes the paperwork involved in implementing expansion plans.
Luck Inks Sports Drink Deal
Indianapolis Colts Quarterback Andrew Luck has signed a multi-year deal with a sports drink maker. As part of the agreement with Bodyarmour, Luck will get an equity share in the company.
Cuts Begin at Howard County Health Provider
Community Howard Regional Health says it is undergoing staff reductions. The cuts involve the equivalent of 50 full-time positions. Chief Executive Officer James Alender says uncertainty about the Affordable Care Act, shrinking Medicare reimbursements and an increase in uninsured patients contributed to the decision.
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