The chief executive officer of Indianapolis-based Eli Lilly and Co. is proposing a "bold stroke" for the state's life sciences sector. John Lechleiter is calling for the establishment of a world-class research institute in Indiana to recruit and retain top academic talent. He outlined the plan during today's Indiana Life Sciences Summit.
Statewide Office Activity Slows
A third-quarter slowdown in statewide office market activity does not come as a surprise to the research director at a commercial real estate firm. Cassidy Turley's Jason Tolliver says the drop could be attributed to the uncertainty surrounding the election. As for the the state's industrial sector, Tolliver used an appearance on Inside INdiana Business Television to tout the River Ridge Commerce Center as a project that will have a "transformative impact" on southeast Indiana.
Fishers Company Moving to Anderson
An industrial products manufacturer in Fishers intends to locate operations to Anderson and add jobs. Hy-Pro Filtration currently employs more than 50 in Hamilton County. The company plans to invest $10.5 million over the next three years to build a new Madison County headquarters and double its work force.
Hoosier Manufacturer Plans Alabama Growth
Albion-based Busche Enterprise Division Inc. is looking to add workers at a newly-acquired manufacturing facility in Alabama. The machining company's plans include hiring more than 200 employees in the southern state over the next three years.
BioCrossroads Announces Venture Competition Winners
An Indianapolis-based health IT solutions company has captured first place in BioCrossroads' inaugural New Venture Competition. Diagnotes LLC has developed a technology to connect providers, patients and patient medical records after regular business hours. The winners were announced as part of the Indiana Life Sciences Summit.
State Signs $60 Million Deal With Illinois Company
Illinois-based Catamaran Corp. has been awarded $60 million in contracts to provide pharmacy benefit services to Indiana's Medicaid program. The company plans to open an office and call center in Indianapolis later this year.
Transformation of Former Hospital Underway
The city of Indianapolis is moving forward with a $6.6 million housing development on the site of a former hospital. Officials held a ceremony for Illinois Place Apartments, adjacent to The Children's Museum of Indianapolis. The property used to belong to Winona Hospital, which closed in 2004. Read More Indianapolis Mayor Greg Ballard says cooperation is helping rejuvenate the blighted former hospital property.
Ford Center Still in The Red
The downtown arena in Evansville is not expected to turn a profit in the next couple years. Our partners at the Evansville Courier & Press report city council members have been told the Ford Center is expected to lose $300,000 this year and $341,000 next year. The details were discussed as the council contemplated the final version of the city's 2013 budget.
Lafayette Remembers Longtime Custard Stand Owner
Services have been set for the longtime owner of Original Frozen Custard in Lafayette. Kirk Lodde passed away last week at the age of 60. Lodde's grandparents opened the stand in 1932.
Tilson Acquires Arizona Company
Greenwood-based Tilson HR Inc. is expanding its reach. It has announced the acquisition of Phoenix-based AmeriSource HR LLC. Tilson Chief Executive Officer Brent Tilson says the deal is part of a strategy to expand into "high performing markets."
Disney Institute Returns to Fort Wayne
Ivy Tech Community College will host a new Disney Institute program at its Fort Wayne campus. The events this week will target health care companies.
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