INSIDE INDIANA BUSINESS: Elevate Ventures boosts Kendellville employer

2013-01-31T12:46:00Z 2013-01-31T16:38:04Z INSIDE INDIANA BUSINESS: Elevate Ventures boosts Kendellville employerGerry Dick Inside Indiana Business nwitimes.com
January 31, 2013 12:46 pm  • 

A Noble County company has received $755,000 in seed funding from Elevate Ventures and private investors. Officials with Wolfpack Chassis are using the funding to secure a building and plan to hire about 20 workers for two initial assembly lines. Chief Executive Officer Robert Frost hopes the operation can start producing prototypes within the next week. Read More He tells Inside INdiana Business the company also considered locations in Michigan, LaGrange and Elkhart counties.

 

Nearly 100 Jobs Planned For Gibson County

A Toyota parts supplier has detailed expansion plans that could bring more than 90 jobs to Gibson County by year's end. Kentucky-based Vuteq USA Inc. intends to invest $4.3 million in upgrades to its Princeton plant.

 

Proposed River Ridge Development Clears Hurdle

Plans are moving forward for additional development at the River Ridge Commerce Center. The Jeffersonville Planning and Zoning Commission approved a proposal for a new building near the recently-opened Amazon.com Inc. distribution facility.

 

Unions Lose Attempt to Keep Goshen Jobs

A federal judge in northern Indiana has denied a motion to keep a Michigan-based company from moving Hoosier jobs to Mexico. U.S. District Court documents show union representatives at Cequent Performance Products Inc. in Goshen had claimed the company violated the collective bargaining agreement.

 

Hoosier Golf Pro Grabs National Spotlight

The Indiana golf pro who is the new PGA of America President is attracting national attention. Ted Bishop is featured in a Sports Illustrated article, which suggests the owner of Legends Golf Club in Franklin will not have a quiet two-year term. In a conversation with Inside INdiana Sports Contributor Bill Benner, Bishop discussed his role with the PGA.

 

Wartell on Short List For Northern Iowa Job

The former chancellor of IPFW is a finalist for the top position at another university in the Midwest. Michael Wartell is set to visit the University of Northern Iowa next week as one of three candidates to be its next president.

 

Purdue Innovations Receive Financial Boost

The Purdue Research Foundation's Trask Innovation Fund has committed more than $260,000 to school innovations and research in its most recent round of funding. The money is designed to help researchers commercialize their discoveries.

 

IUPUI Begins Search For Vice Chancellor

IUPUI has formed a search committee to find its next vice chancellor for diversity, equity and inclusion. The group expects to make a selection by June.

 

Startup Weekend Terre Haute Set

A multi-day event aimed at launching new businesses is set for next weekend in west central Indiana. Startup Weekend Terre Haute will feature pitch sessions, presentations and peer evaluations.

 

ESPN Broadcaster to Speak at IU

ESPN sportscaster Jay Bilas will speak to Indiana University National Sports Journalism Center students and faculty this weekend. The network's College GameDay program will broadcast live from Assembly Hall Saturday for IU's basketball game against the top-ranked University of Michigan.

 

Krannert Group Wins Diversity Competition

A team of students from Purdue University's Krannert School of Management won first prize at the annual Midwest Diversity Case Competition in Bloomington. The event, hosted by Indiana University's Kelley School of Business, challenged teams to create plans to make a retailer's merchandise and work force more diverse.

 

Dow Agro Reports Higher Earnings

Indianapolis-based Dow AgoSciences LLC is reporting record fourth quarter earnings of $156 million, compared to $145 million for the same period a year earlier. The numbers were included in a quarterly report from parent The Dow Chemical Co.

 

hhgregg Posts Lower Profit

Indianapolis-based hhgregg Inc. is reporting a fiscal third quarter profit of $17.4 million, compared to $22.5 million for the same period a year earlier. The home appliance and electronics retailer says the drop is partially attributed to a nearly 10 percent decline in same store sales.

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

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