IUPUI touts green 'breakthrough'
An IUPUI assistant professor says he has invented a new power inverter that could improve renewable energy products. Afshin Izadian believes the discovery could make electric vehicles cheaper to produce, and increase fuel economy in hybrid cars and buses. The school says several large companies have shown interest in the technology. Izadian says the technology could have a wide range of uses in several industries.
Cummins laying off workers
Columbus-based Cummins Inc. continues to take steps to reach a target of cutting up to 1,500 jobs from its global work force by the end of the year. The company confirms to Inside INdiana Business that it will lay off at least 150 workers in southern Indiana.
Wayne County EDC leader
After a two month search, the Economic Development Corp. of Wayne County has appointed a new president. Richmond native Valerie Shaffer will head up the organization after most recently serving as an Indiana Economic Development Corp. senior project manager.
Council meets at Speedway
IZOD IndyCar Series team owner Sarah Fisher will host a National Women's Business Council meeting this morning at the Indianapolis Motor Speedway. Fisher is serving a three-year term on the federal government council.
Housing project financed
A revitalization project in a historic neighborhood has cleared a major funding hurdle. Indianapolis-based Great Lakes Capital Fund will provide nearly $9 million in financing for the Irving Green Apartment project, which will be where the troubled Indy East Motel once stood.
Billie Creek Village auction set
Historic Billie Creek Village is set to be auctioned in three tracts Saturday. The 70-acre Parke County attraction features two covered bridges, 30 Civil War-era buildings and antique furnishing.
Hospital systems might merge
The parent organization of St. Joseph Regional Medical Center, which has operations in Mishawaka and Plymouth, has signed a letter of intent to join with Pennsylvania-based Catholic Health East. Under the agreement, a chief executive officer with Michigan-based Trinity Health would lead the new organization.
Grants will fight global hunger
The Purdue Center for Global Food Security has awarded nearly $450,000 in grants to students throughout the country working on world hunger research. The funding will support student projects in 18 countries.
Employee health clinic to open
Bremen-based Bremen Castings Inc. is planning to open an on-site health clinic next month. The company says the center will provide services to more than 600 employees and dependents, including free generic prescriptions and care.
IU East near fundraising goal
Indiana University East is moving forward on a capital campaign to help fund the proposed $4.7 million Student Events Center. The school says it already has secured more than $1.2 million of the $1.7 million it hopes to raise.
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