Mayor Greg Ballard and Covanta Indianapolis Inc. are set to detail a proposed $45 million Advanced Recycling Center this afternoon near the city's downtown. The company says the technology would be the first-of-its-kind in North America and could recover up to 90 percent of paper, cardboard, plastics and metals without presorting. Opponents contend the facility would not meet the projected totals. If all approvals are met, the company says the operation would create around 60 jobs.
Cities to Celebrate New Sports Complexes
Two Indiana sports complexes have set grand opening events. The 350-acre Grand Park in Westfield will officially open this weekend and a July grand opening is set for the first phase of the multi-million dollar Hoosier Athletic Center in Brownsburg.
Merck Pulls Out of Endocyte Development Deal
West Lafayette-based Endocyte Inc. says it has regained rights to a potential cancer treatment from a global drug company. Merck (NYSE: MRK) made the decision not to pursue development of vintafolide. Endocyte will evaluate potential opportunities pending results of a current trial.
Clark Retires a Colt
Longtime Indianapolis Colts tight end Dallas Clark has announced his retirement. He played nine years with the team, including the 2006 Super Bowl championship season. Clark re-signed with the Colts today to retire with the team that drafted him in 2003.
Website Ranks Best Communities For Homeownership
A national financial education website has ranked the top Indiana communities for homeownership. NerdWallet says the list is based on availability, affordability and growth. Half of the top 10 communities in the rankings are in central Indiana.
Wayne County Joins Energize-ECI
Wayne County has joined a regional economic development partnership. Energize-ECI Chief Executive Officer Mindy Kenworthy says the move gives the organization access to fully-developed industrial sites and additional colleges and universities.
Boat Race Surpasses Economic Expectations
Visit Michigan City LaPorte says the three-day Maple City Grand Prix power boat festival, which began late last month, had an economic impact of $1.5 million. The tourism organization says nearly 20,000 spectators attended, which is more than last year's inaugural event.
Education Nonprofit Launches
A new nonprofit is designed to build on the state's education reform efforts. The Institute for Quality Education is taking over the activities of School Choice Indiana and the Educational Choice Charitable Trust.
Franklin Chamber Hires Director
The Franklin Chamber of Commerce has named Janice Bullman executive director. The Johnson County native most recently served as a conservation development specialist for the Indiana Association of Soil & Water Conservation Districts.
Central Indiana Building Permits Tick Upward
The Builders Association of Greater Indianapolis says new, single-family building permits were up slightly in May, compared to the same month the previous year. The nine-county organization reports more than one-third of the total permits were issued for construction in Hamilton County.
Directory Features Thousands of Humanities Grants
West Lafayette-based Schoolhouse Partners LLC has released its 23rd Directory of Grants in the Humanities. It includes over 5,500 funding opportunities from sources including foundations, family trusts and government agencies.
For more Inside Indiana Business, visit www.insideindianabusiness.com.