INSIDE INDIANA BUSINESS: Grand deal for Grand Prix

2014-06-03T12:31:00Z INSIDE INDIANA BUSINESS: Grand deal for Grand PrixGerry Dick Inside Indiana Business nwitimes.com
June 03, 2014 12:31 pm  • 

The newest race at the Indianapolis Motor Speedway will be sponsored by a Hoosier company. The Angie's List Grand Prix of Indianapolis is scheduled for May 9. Hulman and Co. Chief Executive Officer Mark Miles is not disclosing terms of the two-year agreement, but calls it "competitive" with other deals. Angie's List Inc. (Nasdaq: ANGI) CEO Angie Hicks says a "Festival of Service" will coincide with the race.

Company Shifting Illinois Work to Indiana

A manufacturer is planning to consolidate and move some Illinois operations to Columbia City and create 20 jobs. The Massachusetts-based parent company of Warner Electric LLC intends to invest $2 million into a new Whitley County facility, which will become its Midwest hub.

More Jobs Could be Coming to Tipton County

An investor has purchased property in Sharpsville and could create more than 75 jobs. The Tipton County Economic Development Organization and Tipton County Economic Development Foundation have announced a more than $130,000 deal for land off of U.S. 31.

Major Grant to Support Crop-Saving Effort

Purdue University says a $10 million grant from the Bill & Melinda Gates Foundation will boost an effort to send crop storage bags to farmers in Sub-Saharan Africa. The Purdue Improved Crop Storage Bags are designed to allow farmers to store crops for more than one year after harvest.

Pothole App Wins Chamber Competition

A team that developed an app designed to help local governments repair potholes more quickly has taken top prize in the Indy Chamber's Indy Civic Hack Day. The platform allows smartphones to track potholes by sensing bumpy roads.

Radius Sets Defense Sector Priorities

Radius Indiana has unveiled a strategic plan focusing on growing the defense sector, which Chief Executive Officer Becky Skillman says is "critical" to south central Indiana's economy. The partnership's National Security Advisory Council says one of its priorities will be turning technologies from Crane Naval Surface Warfare Center into new small businesses and jobs.

Lilly: Study Shows Potential Treatment Improves Survival

Indianapolis-based Eli Lilly and Co. says a potential lung cancer treatment has "demonstrated significant survival improvement" in a late-stage trial. Ramucirumab, also known as CYRAMZA, has already been approved in the U.S. for advanced gastric cancer patients.

Indiana, Michigan Health Groups Align

The South Bend-based Michiana Health Information Network has reached an agreement with a data sharing organization in Michigan. The agreement with the Michigan Health Information Network allows members of the groups to securely access patient and provider data in each state.

Board OKs Charter School For At-Risk Youth

The Indianapolis Charter School Board has approved a proposal to establish a school for students in the justice system. The Francis Marion Academy would have one location inside the Marion County Juvenile Detention Center and another nearby.

VPO to Open in Freedom

The U.S. Postal Service will open a Village Post Office tomorrow in the Owen County community of Freedom. The Greater Indiana District currently has 65 VPOs.

Ethanol Conference Set For Indy

More than 2,000 industry leaders will gather in Indianapolis this month for what organizers describe as the largest ethanol conference in the world. The 2014 International Fuel Ethanol Workshop & Expo will examine issues including financial management and advanced ethanol technology.

Purdue to Host Food Security Institute

Students from nine countries are set to take part in this month's Borlaug Summer Institute on Global Food Security at Purdue University. The program is designed to provide understanding and potential solutions to world hunger.

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

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