An electric vehicle manufacturer with a plant in Mishawaka is progressing on its autonomous vehicle efforts. SF Motors, which is based in California, has received permission from the California Department of Motor Vehicles to test its autonomous driving technology on public roads. Road testing will also be conducted in Michigan and China. The company says it has made "ground-breaking progress in autonomous technologies" so far.
Study: Life sciences industry tallies increasing impact: Indiana's life sciences growth initiative has announced new figures showing the sector's economic impact is again on the rise. BioCrossroads says a report from the Indiana Business Research Center at the Indiana University Kelley School of Business pegs the industry's annual impact on the state at $78 billion.
Cummins unveils major investment in women: In the midst of International Women's Day, Columbus-based Cummins detailed what it calls a "landmark" community initiative designed to boost the impact of women and girls on the world. Cummins Powers Women is a multimillion dollar effort that involves investment and partnerships with nonprofits in North America, Europe, Asia, Africa and Australia focusing on female empowerment. The company made the announcement in Indianapolis during its second Women's Conference. In an interview with Inside INdiana Business Multimedia journalist Mary-Rachel Redman, Cummins Foundation Chief Executive Officer Mary Titsworth Chandler said the initiative focuses on the workforce.
CIO: French Lick event center is a catalyst: The chief information officer of Bloomington-based Cook Group says a more than $5 million investment in more renovation projects at the French Lick Resort is a "no-brainer" response to evolving customer demand. Chuck Franz says the need for a dedicated exhibit hall, special event facility and additional restaurant space was triggered by increased interest from groups following the $20 million expansion of the 163,000-square-foot Meeting and Event Center 3½ years ago. Franz added the influx of groups has strained availability elsewhere at the resort.
Commission gives OK to Purdue Global, Purdue Fort Wayne: Two high-profile educational initiatives have received final approval from the Higher Learning Commission. Kaplan University's transition to Purdue University Global has received the final green light, as has realignment of IPFW and its subsequent name change to Purdue University Fort Wayne.
Indy tech company Octiv acquired: Indianapolis-based sales technology company Octiv is being acquired by a Colorado company. Conga, which Octiv Chief Executive Officer David Kerr calls "the leader in the end-to-end intelligent document solution space," will add Octiv's platform to its automation suite. Kerr says Octiv's Indianapolis operation will remain local, adding the company will "accelerate investment in innovation." In 2016, the company, formerly known as TinderBox, announced a $3 million expansion and plans for more than 200 new jobs in Indianapolis. In an interview with Inside INdiana Business, Kerr talked about the company's future in Indiana.
Aggressively Organic's presence, ambition expanding: A central Indiana indoor agriculture company is growing its footprint. Aggressively Organic creates hydroponic, micro-growth chamber technology to grow produce for what it says is "less than the cost of a large pizza." The less-than-one-year-old company is currently located at Launch Fishers, and it will next week open a 40,000-square-foot facility elsewhere in the Hamilton County city.
Businesses planning Fort Wayne expansions: Two companies in Fort Wayne have announced multimillion dollar expansion plans. Fort Wayne Mayor Tom Henry says the projects from Wisconsin-based Menards and Kelley Automotive Group of Fort Wayne are expected to generate up to $50 million in tax revenue for the city.
Prominent downtown office building sells in Indy: One of the largest buildings in Indianapolis has a new owner. Florida-based Black Salmon has acquired BMO Plaza downtown for $70 million.