INSIDE INDIANA BUSINESS: Valpo developer pitches $60 million Muncie Plan

2013-05-10T12:38:00Z 2013-05-10T19:08:04Z INSIDE INDIANA BUSINESS: Valpo developer pitches $60 million Muncie PlanGerry Dick Inside Indiana Business
May 10, 2013 12:38 pm  • 

A college housing developer from Valparaiso is looking to build a massive mixed-use complex near the Ball State University campus. Investment Property Advisors LLC, which is co-owned by Chase Sorrick, outlined the $60 million plans Thursday to the Muncie Redevelopment Commission. He said the project could be a catalyst for the city.


Emerging Tech Company Adding Jobs

An Indianapolis-based telecommunications company has announced major growth plans. Fathom Voice says it will invest more than $4 million in the project and create more than 180 jobs by 2017. The company, founded by two high school friends from Lapel, offers a service to make phone calls over the Internet. Chief Executive Officer Cameron Weeks discussed the company's growth on a recent edition of Inside INdiana Business Television.


Purdue Moves Forward on New Facility, Renovations

The Purdue University Board of Trustees has approved multiple construction projects. They include a $7.6 million music building and nearly $9 million in residence hall renovations.


Defense Technology Provider Opens WestGate Office

An Alabama-based global defense technology company is opening a new office in the WestGate @ Crane Technology Park. Camber Corp. has clients in Japan, Africa and Asia and also provides services to the U.S. Department of Defense and state governments.


'Month of May' Events to Begin in Speedway

A major charity event in downtown Speedway will kick off activities leading up to the Indianapolis 500. Tonight's inaugural "Festival on Main" will feature driver autograph sessions, a zip line and tours of the Dallara factory.


Pence Taps Attorney to Lead DNR

Governor Mike Pence has selected Cameron Clark to be the director of the Indiana Department of Natural Resources. He served as the department's legal counsel since 2011. Clark succeeds Robert Carter, who announced he was leaving last month for a position with Ivy Tech Community College.


Grant to Support Trine Innovation Effort

Trine University has received a $300,000 grant from the Fort Wayne-based Olive B. Cole Foundation. The money will help fund lab equipment for Trine's Innovation One program, which is designed to help bring business ideas to market.


Energy Company CEO Resigns

Carmel-based ACES has announced its chief executive officer of 14 years has left for a job in Texas. David Tudor has been replaced by Michael Steffes, who is serving as acting president and CEO. Tudor led the energy risk management company since its first year in business in 1999.


Company Develops Wireless Health Monitoring System

An Indiana health care company says it has developed a monitoring system that could help reduce medical costs. Indianapolis-based Healthx says the technology monitors chronic conditions including diabetes and hypertension and wirelessly transmits information from a patient's home to a health care manager.


Fan Manufacturer Worried About Potential Regulations

A Zionsville-based ceiling fan manufacturer is launching a campaign to rally public support to oppose a potential increase in industry regulations. Fanimation Inc. believes the new rules, if enacted, could prevent manufacturers from producing what it describes as reasonably priced fans.


City Cuts Ribbon on Cultural Trail

The $63 million Indianapolis Cultural Trail is officially ready for use. A ribbon cutting ceremony marked the opening of the 12-year-long project that connects five downtown cultural districts through bicycle paths and walkways.


Girl Scouts to Recognize Outstanding Leaders

Girl Scouts of Central Indiana will recognize several influential Hoosiers during the annual Indiana Lieutenant Governor's Leadership Luncheon in November. Honorees include a former first lady of Indiana and a well-known religious leader.


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