INSIDE INDIANA BUSINESS: 'The People's Race Car' aims for Indy 500

2014-02-11T12:56:00Z INSIDE INDIANA BUSINESS: 'The People's Race Car' aims for Indy 500Gerry Dick Inside Indiana Business nwitimes.com
February 11, 2014 12:56 pm  • 

Two Indianapolis small business owners have launched a crowdfunding effort to enter a car into this year's Indianapolis 500. Travis Tetrault and Jason Godby have formed Cutters Race Team in hopes of raising $1 million for "The People's Race Car." It would be operated by Sarah Fisher Hartman Racing and feature the names of donors. Tetrault and Godby say they hope to enter future Indy 500 races and other events using the same model.

COO Leaving hhgregg

The board of directors of Indianapolis-based hhgregg Inc. has announced the resignation of Executive Vice President and Chief Operating Officer Gregg Throgmartin. The company says he is leaving at the end of next month to tend to "outside interests and manage family businesses." A Missouri-based book and magazine distributor that employs dozens in Indiana says it has begun liquidating assets and laying off workers. In a notice to the state, HDA Inc. says the moves affect 85 employees throughout Indiana.

Indiana Part of College Completion Effort

Indiana is one of three states leading an initiative to help more college students graduate with less debt and on time. The program in Indiana is being supported by a three-year grant from the Lumina Foundation for Education, which is partnering with Complete College America.

Racing Team Wrapping Olympic Sleds

The U.S. Olympic luge team is receiving a boost from Panther Racing Inc. Our partners at WTHR report the Indianapolis-based racing team is providing graphic wraps for the Olympians' sleds.

Fort Wayne TV Stations Changing Owners

New York-based Granite Broadcasting Corp. is selling its Fort Wayne television operations. Illinois-based Quincy Newspapers Inc. has agreed to acquire WPTA and SagamoreHill Broadcasting LLC plans to own WISE.

Evansville OKs Tax Breaks For Berry Plastics

Berry Plastics Group Inc. has received tax abatement from the City of Evansville on a major expansion. The company announced plans last month to shift some out-of-state operations to Evansville, Princeton and Richmond.

Bird Supply Company Continues Growth

Carmel-based Wild Birds Unlimited says it plans to open 16 new locations this year throughout the country. The company says increased spending nationwide on bird feeders, baths and food has helped fuel the growth.

Ivy Tech Foundation Adds to Board

The Ivy Tech Foundation has appointed several new members to its board of directors. They include the president of an Indiana-based bank and the director of an Indianapolis accounting firm. Read More

Indiana-Grown Company Reaching Milestone

Marshall County-based Bremen Castings Inc. will celebrate its 75th anniversary next month. The fourth-generation, family-owned company was originally named Bremen Gray Iron foundry and currently employs around 600 workers.

Communities to Hold Healthy Workshops

Ten sites have been selected for workshops designed to make communities throughout Indiana healthier. Funding for the effort is coming from the Centers for Disease Control and Prevention. Dates for the event have not been determined.

IU Health Plans Health Insurance Events

Indiana University Health has scheduled several informational sessions in northern Indiana involving the Affordable Care Act and the Health Insurance Marketplace. The events will take place through the end of next month at IU Health La Porte and Starke hospitals.

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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