INSIDE INDIANA BUSINESS: I&M unveils $500 million project

2014-02-05T12:11:00Z INSIDE INDIANA BUSINESS: I&M unveils $500 million projectGerry Dick Inside Indiana Business nwitimes.com
February 05, 2014 12:11 pm  • 

Indiana Michigan Power Co. is pumping $500 million into improvements in the greater Fort Wayne area. The "Powering Up Northeast Indiana" initiative involves new and upgraded transmission lines and substations in several counties including Allen, DeKalb and Huntington. The utility expects the project to have a "minimal effect" on customer rates. I&M says construction has already begun and will likely take six to eight years.

Popcorn Maker Moving HQ

Weaver Popcorn Co. Inc. has announced plans to relocate its Noblesville headquarters to Whitestown. The company intends to retain 50 employees and could add 40 more once it takes over the Boone County facility.

House Committee Passes Health Law Change

Senator Joe Donnelly is among those praising a U.S. House committee for passing a bill that would change the Affordable Care Act's definition of "full-time employee" to someone who works 40 hours per week. Many Indiana employers have called for the change, including Ivy Tech Community College President Tom Snyder.

Indiana INTERNnet Announces IMPACT Awards

A statewide intern initiative has announced its annual IMPACT Award winners. Indiana INTERNnet Executive Director Janet Boston says there was a record number of nominations this year for categories including Intern of the Year and Employer of the Year.

Ag Economist: Farm Bill Process Continues

A Purdue University Extension agricultural economist believes figuring out the full impact of the farm bill passed by Congress could take some time. Roman Keeney says the U.S. Department of Agriculture will have to analyze and interpret the more than $965 billion dollar bill that is more than 900 pages.

State Organizations Join National STEM Effort

Three Indiana organizations are part of a national network to better prepare students for science, technology, engineering and math careers. WGU Indiana, the Indiana Department of Transportation and the University of Indianapolis have been named partners in the effort established by President Barack Obama, the U.S. Department of Education and its Secretary Arne Duncan.

Tech Company Launches Foundation

Carmel-based Telamon Corp. has established a charitable arm. The Telamon Foundation will focus on non-profit organizations specializing in arts and education. It is planning one round of funding each year.

Foundation Makes Final Gift

A more than 60 year-old Columbus-based foundation has announced its final local gift. Our partners at The Republic report the Irwin-Sweeney-Miller Foundation has donated $2 million to the Heritage Fund, which is the community foundation of Bartholomew County. In 2010, the Irwin-Sweeney-Miller Foundation announced plans to spend down its assets. Re

Langellier Joins Bank Board

Fort Wayne-based STAR Financial Bank has named TechPoint Chief Executive Officer Mike Langellier to its board of directors. STAR Board Chairman Tom Wright says Langellier's technology credentials make him a "natural fit" to help lead the bank forward.

Calumet Leasing Oklahoma Facility

Indianapolis-based Calumet Specialty Products Partners LP says it has reached a multi-year lease agreement with an Oklahoma company. The deal with Frontier Terminal LLC involves supplying and marketing asphalt products from a distribution terminal. Read More

Purdue North Central Boasts Record Enrollment

Purdue University North Central is reporting record enrollment. The Westville school says it has 5,768 students enrolled for the spring semester. Read More

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

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