A private venture development group is expanding a successful program that has been focusing on second-stage companies in northern Indiana. Elevate Ventures says many of the 75 companies that just completed the first year anticipate adding jobs and increasing revenue. There are plans to take the program to other parts of the state. Elevate Ventures Venture Partner David Clark says the initiative's impact so far has surpassed expectations.
Hoosier Cellular Retailer Opens Carmel Office
Marion-based The Cellular Connection has announced more details of plans to add 145 jobs by 2016. The company has opened an office in Carmel and is in the process of filling open positions. During a December interview on Inside INdiana Business Television, Chief Marketing Officer Erik Schlesselman discussed plans to continue statewide and national growth.
Stonegate Mortgage Eyeing IPO
Indianapolis-based Stonegate Mortgage Corp. is planning an initial public offering. The company is awaiting review by the U.S. Securities and Exchange Commission and has not yet determined the number of shares or price range.
IU Kokomo Details Major Renovations
Indiana University Kokomo is planning $14 million in renovations to its main building. Lawmakers approved funding for the project that includes equipment upgrades and new lab and classroom space.
Authorities Announce Guilty Plea in Lilly Heist
A Miami resident has pleaded guilty to charges stemming from a $90 million pharmaceutical heist at an Eli Lilly and Co. (NYSE: LLY) warehouse in Connecticut. The heist involved thousands of boxes of pharmaceuticals, including Prozac, Zyprexa and Cymbalta, which were eventually recovered at a storage facility in Florida.
Council Approves Annexation Map
Annexation plans in West Lafayette have taken another step forward. The city council has approved a new map, which leaves out several neighborhoods that were part of the original proposal. Mayor John Dennis says the focus has shifted to a state highway corridor. He discussed the proposal during a recent appearance on Inside INdiana Business Television.
Richmond Charter School Closes
A charter school in Richmond has closed after appeals to stay open fell through. The Palladium-Item reports the Kenneth A. Christmon STEMM Academy of Richmond lost its charter with Ball State University earlier this year.
Council OKs Elkhart General Expansion Plans
A $74 million proposal to expand Elkhart General Hospital has cleared a key hurdle. The Elkhart Truth reports the city council has unanimously approved the plan, which includes adding surgical suites, private rooms and a helicopter landing pad.
Counties Eligible For Disaster Relief
The state of Indiana says local government units in 16 counties affected by severe weather this spring are now eligible for State Disaster Relief Fund money. The funding may be used to pay for projects including road repair, sewer restoration and debris removal.
Pence Names Education Assistant
Governor Mike Pence has named Claire Fiddian-Green special assistant for education innovation and reform. She is the former president of Indianapolis-based The Mind Trust and is executive director of the Indiana Charter School Board.
WGU Indiana Creates Nursing Scholarships
WGU Indiana has announced new scholarship offerings for nurses seeking bachelor's or master's degrees. The state's online university says it will award up to $30,000 in scholarships as part of the "Go Further in Nursing" program.