The Indiana Department of Insurance has approved a nearly 13 percent reduction in Workers' Compensation rates. Commissioner Stephen Robertson says the decrease, which will take effect Jan. 1, will save Indiana businesses approximately $102 million.
CA company has $40M Jeffersonville plans: A California-based technology and supply chain services company has announced major plans for southern Indiana. Ingram Micro Inc. will invest nearly $40 million to lease, renovate and equip a 590,000-square-foot third-party distribution center in Jeffersonville, creating up to 550 jobs.
Fort Wayne Metals announces major expansion: Fort Wayne Metals says it will invest more than $50 million into its Allen County operations and add more than 330 new jobs by 2021. The precision wire, strand and cable manufacturer says growing demand led to the expansion, which includes an addition to its corporate office and a new building. Fort Wayne Metals currently has more than 800 full-time employees at facilities in Fort Wayne and Columbia City.
Verizon to exit as IndyCar Series sponsor: Indianapolis-based Hulman & Co. has announced it will seek a new title sponsor for the Verizon IndyCar Series following the 2018 season. The parent of INDYCAR and the Indianapolis Motor Speedway says Verizon has opted not to extend its current deal.
Technicolor details Indy layoffs: California-based Technicolor Inc. says it will close its office on the north side of Indianapolis by the end of the year. In a notice to the state, the company says the closure will leave 95 employees out of work.
'Endangered' landmark receiving new life: Indiana Landmarks says a historic building that was included on its 10 Most Endangered list has new owners. The organization says it bought the 137-year-old Newkirk Mansion in Connersville and sold it a week later to Connersville couple with plans for restoration.
Milhaus lands major investment: Indianapolis-based real estate developer Milhaus has received a $245 million equity investment from FrontRange Capital Partners in Colorado. The developer says it will use the money, which also includes funding from a group of internal investors, to reach its goal of having 20,000 units in 10 markets by 2020. Milhaus adds an upcoming undisclosed investment from StepStone Group Real Estate LP will contribute to the effort.
State announces 2017 Stellar Communities: Lt. Gov. Suzanne Crouch has unveiled the 2017 Stellar Communities designees. The city of Madison and the town of Culver were chosen out of a group of six finalists and are now eligible to receive federal funding and access to state resources to assist with quality of place improvements.
Pope names bishop of Evansville: Pope Francis has named a new bishop for the Catholic Diocese of Evansville. Bishop Joseph Siegel succeeds Charles Thompson, who left the diocese after being selected to serve as Archbishop of Indianapolis.
Old National acquisition clears key hurdle: Evansville-based Old National Bancorp (Nasdaq: ONB) says its planned acquisition of Anchor Bancorp Inc. in Minnesota has received regulatory approval. The deal, valued at more than $300 million, remains subject to approval from Anchor shareholders in addition to other customary closing conditions.
Frey Farms completes Poseyville juicery: Illinois-based Frey Farms is celebrating the opening of its new cold-pressed processing center in Poseyville. Financial details of the project were not released, however the company says the 70,000-square-foot facility would add "a number of jobs" in southern Indiana.
Art to Remember to cut ribbon on Ft. Ben facility: Lawrence-based Art to Remember will Wednesday join city and community officials to cut the ribbon on its new, $4 million home at Fort Benjamin Harrison. The company, which provides fundraising efforts for art education programs in schools, is the latest business to join Lawrence Village at the Fort.
Snack maker to open Plymouth plant: Bluffton-based Pretzels Inc. will Tuesday join state and local officials to cut the ribbon on the snack maker's production facility in Plymouth. The Marshall County Economic Development Corp. says the $18 million facility originally announced in September 2016 is already fully operational.
Ball State, NCAA expand partnership: The NCAA is growing its partnership with Ball State University's Sports Link program. Students in the program, who have worked on social media creation for men's and women's basketball tournaments for the last seven years, will now have the opportunity to work on additional NCAA championships.
Crowdfunding campaign targets Evansville trolley: A group of civic organizations in Evansville has launched a crowdfunding campaign to add a trolley line connecting the city's cultural districts. The group is looking to raise $25,000 by mid-November to start the Trolley of Evansville Districts, or TED.
Holcomb honors Lechleiters: Former Eli Lilly and Co. (NYSE: LLY) Chief Executive Officer John Lechleither and his wife Sarah have earned another major honor. Governor Eric Holcomb has presented the Lechleiters with the Sagamore of the Wabash, citing their "tremendous generosity and dedication to improving central Indiana communities."