The State of Indiana is reopening discussions with Midwest Fertilizer and Fatima Group about a multi-billion fertilizer plant in Posey County. Governor Mike Pence says the decision comes after the group and government of Pakistan took steps to make it more difficult for terrorists to obtain the company's products. Pence pulled state support for the project last year. Economic Development Coalition of Southwest Indiana Chief Executive Officer Greg Wathen says the company hopes to begin construction later this year.
Study to Examine Growth Around NSA Crane
The U.S. Department of Defense has awarded a $200,000 planning grant to examine development around the Naval Support Activity-Crane in southern Indiana. Radius Indiana says the Joint Land Use Study will include five counties.
Manufacturer Planning Northeast Indiana Location
A cutting tool manufacturer is looking to pump more than $7 million into a new Whitley County facility. PDQ Tooling plans to begin operations in Columbia City in June and add nearly four dozen workers by 2019.
Indiana Banks Announce Merger
Greensburg-based MainSource Financial Group Inc. has announced the acquisition of MBT Bancorp in West Harrison. The deal is valued at nearly $34 million and is expected to close in the third quarter.
Trine to Host Innovation Challenge
Trine University will announce the winners of its inaugural Innovation Challenge this weekend. The school will display all 25 entries during a two-day expo on the Angola campus.
Lilly: Takeda Agreement Covers Legal Expenses
Indianapolis-based Eli Lilly and Co. says an indemnification agreement with Takeda Pharmaceuticals North America Inc. covers losses and expenses related to U.S. litigation for the diabetes treatment Actos. A federal jury in Louisiana has ordered the companies to pay a total of $9 billion in punitive damages after finding cancer risks linked to the treatment were concealed.
Indy Tech Company Announces Partnership
Indianapolis-based hc1.com Inc. is teaming up with a global company. The agreement means Beckman Coulter Inc. Diagnostics will offer hc1.com's health care relationship management software to laboratories throughout North America.
Kite Sells Three Properties
Indianapolis-based Kite Realty Group Trust says it has completed the sale of properties in Evansville, Seattle and New Jersey. The company plans to use the $35 million in proceeds to pay down debt.
Regency Properties Adds to Portfolio
Evansville-based Regency Properties has acquired a shopping center in North Carolina. The company says the deal for Lumberton Towne Centre expands its footprint to 10 states.
Chamber Announces Timeline For Hiring Leader
The Terre Haute Chamber of Commerce is hoping to have a new chief executive officer in place June 1. The Tribune-Star reports about 15 candidates from throughout the country are vying for the position.
Officials Break Ground on Plymouth Shell Building
Construction has begun on a shell building in Marshall County. The project is a public-private partnership and is expected to be complete in the fall.
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