INSIDE INDIANA BUSINESS: Ag company details major Indiana investment

2013-11-06T13:49:00Z INSIDE INDIANA BUSINESS: Ag company details major Indiana investmentGerry Dick Inside Indiana Business nwitimes.com
November 06, 2013 1:49 pm  • 

More details are emerging about a major investment by an Albion-based swine genetics company. Whiteshire Hamroc LLC plans to begin construction this spring on a $10 million technology center. Chief Executive Officer Mike Lemmon says the project, originally announced last year, is a joint venture with its primary Chinese partner, and will result in about 25 new jobs. He says several Indiana companies and schools including Purdue University will take part in genetic and production research at the facility.

Kite Realty Announces Major Acquisition

Indianapolis-based Kite Realty Group Trust has announced a more than $300 million purchase and sale agreement. The deal involves nine retail properties in Florida, Georgia, Texas and Alabama.

Developers Interested in South Bend High-Rise

Two out-of-state developers are offering to buy South Bend's tallest building. The South Bend Tribune reports Washington D.C.-based Harley Stanfield Inc. and The Janee Hotel Corp. in Illinois are planning to acquire the 25-story property for more than $5 million and invest up to $35 million to upgrade it.

Media Company Joins Freedom Indiana

Another prominent Indiana employer has joined a coalition opposing a potential amendment to the state constitution that would ban same-sex marriage. Indianapolis-based Emmis Communications Inc. is now part of Freedom Indiana. Emmis Chief Executive Officer Jeff Smulyan believes the language in the proposed amendment is "overreaching and unnecessary."

Film Festival Sets New Marks

Organizers of the Heartland Film Festival in Indianapolis say this year's edition set several records. The event is touting all-time highs in screening attendance and submissions.

Colleges to Tout First-Generation Students

Independent Colleges of Indiana is planning to highlight more than 30 students from member schools who are the first in their families to go to college. The organization is holding an event this weekend to recognize first-generation students.

Central Indiana Worker Center to Open

The first worker center in central Indiana is set to open today in Indianapolis. The Worker Justice Center is designed to help deal with issues including unemployment and immigration.

Company Aims to Support Displaced Workers

Missouri-based Peabody Energy Inc. is reaching out to employees ahead of the planned closing of a Daviess County coal mine. The company says it is offering priority placement opportunities at other operations in the Midwest.

Commission Initiative to Support Legacy Projects

The 2016 Bicentennial Commission has announced an initiative designed to support legacy projects throughout the state. A new certification process will help promote programs that are culturally inclusive, engaging to young Hoosiers and create a legacy for the future.

First Internet Bank Announces New Lending Line

Indianapolis-based First Internet Bancorp has launched a new division aimed at lending to small and medium businesses. First Internet Bank Business Capital will be led by Gregg Corey and Jennifer Eller, who will be based in an Oregon office.

Duke Energy Profit Nearly Doubles

Duke Energy Corp. is reporting a second quarter profit of more than $1 billion, compared to $594 million from the same period a year earlier. The utility is based in North Carolina and has approximately 790,000 electric customers in Indiana.

Interactive Intelligence Reports Profit

Indianapolis-based Interactive Intelligence Group Inc. is reporting third quarter net income of $1.6 million, compared to a loss of $445,000 during the same quarter the previous year.

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

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