INSIDE INDIANA BUSINESS: Burns Harbor port shares in award

2013-04-25T14:29:00Z 2013-04-25T16:25:04Z INSIDE INDIANA BUSINESS: Burns Harbor port shares in awardGerry Dick Inside Indiana Business nwitimes.com
April 25, 2013 2:29 pm  • 

The Great Lakes Seaway System, which includes the Port of Indiana-Burns Harbor, is receiving the Robert J. Lewis Pacesetter Award for increasing international cargo tonnage. The growth included steel, wind energy components and ethanol.

 

1st Source Posts Profit Increase

South Bend-based 1st Source Corp. is reporting a first quarter profit of $12.4 million, compared to $11.7 million during the same period last year. Chief Executive Officer Chris Murphy III says the bank is still facing "significant margin pressures" because of low borrowing rates.

 

Aurora Casket Debuts Pet-Centered Line

Dearborn County-based Aurora Casket Co. has launched a line of pet memorial products. The collection includes urns, memory chests and pendants.

 

Wayne County Town to Lose Only Bank

The only remaining bank in the town of Fountain City is set to be shut down tomorrow. The Palladium-Item in Richmond reports the branch is among a group of seven other locations slated to be closed by Greensburg-based MainSource Financial Group Inc.

 

Vincennes Approves Curriculum Changes

Vincennes University has introduced a general education certificate designed to transfer to all other Indiana colleges and universities. Trustees have also approved an agribusiness concentration within the technology program.

 

Colts Prepare For NFL Draft

The Indianapolis Colts currently hold six picks in the 2013 NFL Draft, which begins tonight. The team's selections include the 24th overall in the first round, and the final pick in the seventh round, known as "Mr. Irrelevant."

 

Construction to Begin on Anderson Surgery Center

The first phase of construction on a $26 million surgery pavilion is set to get underway next week in Madison County. Our partners at the The Herald Bulletin report St. Vincent Anderson Regional Hospital's abandoned emergency department will begin to be torn down Monday.

 

Software Company Planning Indy Move

South Carolina-based Blackbaud Inc. is planning to relocate its Greenfield operation to Indianapolis. The education software company says most of its cloud fundraising products will be developed in the new location.

 

Lakeland Financial Reports Record Profit

The parent company of Warsaw-based Lake City Bank has posted its highest-ever quarterly profit. Lakeland Financial Corp. (Nasdaq: LKFN) is reporting net income of $9.2 million for the first quarter of 2013, compared to $8.6 million for the same period the previous year.

 

IU Joins $2 Million Cybersecurity Effort

Indiana University is teaming with Internet2 for a $2 million cybersecurity initiative. The collaboration will focus much of its efforts on security of high-performance computing and networking systems.

 

IHSAA Inks New Broadcast Deal

The Indiana High School Athletic Association Inc. has announced a new television partner for its state championship events. Starting with the 2013-2014 season, more than 30 IHSAA state championship games and three tournament pairings shows will be broadcast on FOX Sports Indiana

 

Parent Involvement Group Lands Grant

A nonprofit focusing on involving parents in their children's education has received a $150,000 grant. The Lilly Endowment Inc. dollars will support programs including the creation of a statewide communications network.

 

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

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