INSIDE INDIANA BUSINESS: Vectren Plans Massive Investment

2013-11-26T12:41:00Z 2013-11-26T16:39:56Z INSIDE INDIANA BUSINESS: Vectren Plans Massive InvestmentGerry Dick Inside Indiana Business
November 26, 2013 12:41 pm  • 

Evansville-based Vectren Corp. has announced plans to invest nearly $1 billion over the next seven years on gas infrastructure improvements throughout the state. The utility says the $865 million initiative is the result of new federal pipeline safety rules. It involves replacing 800 miles of iron and steel pipe with more durable plastic mains. Vectren Chief Executive Officer Carl Chapman says the effort will support approximately 1,900 jobs and generate hundreds of millions of dollars in ripple-effect spending.

IU Health Speaks Out Against Marriage Amendment

Indiana University Health is joining a group of universities and corporations in opposition to a proposed constitutional amendment that would further define marriage in the state. The health care provider is urging legislators to focus on job creation and says unequal treatment of same-sex couples has been proven to "adversely" affect their health and well-being.

Court Upholds Indianapolis Smoking Ban

The 7th Circuit Court of Appeals has upheld the expanded smoking ban in Marion County. The ruling supports a lower court decision issued earlier this year. The regulations went into effect in 2012 and have been challenged by a group of bar owners in Indianapolis.

Indy to Play Host to Major Diving Event

Indianapolis has landed the 2016 U.S. Olympic Team Diving Trials. Our partners at WTHR-TV report the city beat out finalist Atlanta and five other potential host sites. The Indiana Sports Corp. has scheduled a news conference this afternoon to detail the events.

Carmel Chamber Honoring Excellence

The Carmel Chamber of Commerce has announced several winners of its annual Images of Excellence Awards. Three remaining categories will be honored during the organization's annual luncheon next month. The event will be emceed by Inside INdiana Business Host Gerry Dick.

Council Considers Tax Abatement For Hotel Revamp

An $11 million plan to redevelop a historic hotel in downtown South Bend could receive tax abatement approval next month. The South Bend Tribune reports the Common Council will discuss additional details of Great Lakes Capital Development's proposal before deciding whether it should be an economic revitalization area.

Packaging Company Announces Expansion

Auburn-based Rieke Corp. is planning to invest $7.5 million into expanding a Steuben County operation. The packaging company intends to add 15 workers by 2016 in Hamilton and already employs more than 200 in northeast Indiana.

Lilly Endowment Investing in Campus Ministries

Indianapolis-based Lilly Endowment Inc. will award nearly $3 million to faith-based college campus organizations. Close to two dozen groups throughout the country will benefit from the Campus Ministry Theological Exploration of Vocation funds, including five in Indiana.

Study: Wabash County Incomes Rise

The Economic Development Group of Wabash County Inc. says per capita income in the county is growing faster than the state and national rates. U.S. Bureau of Economic Analysis figures show three consecutive years of increases.

STEMBA to Begin in West Lafayette

Purdue University says a new one-year MBA focusing on professionals in the science, technology, engineering and math fields will begin in June at its West Lafayette campus. The school says a weekend version of the STEMBA will get underway in 2015 in Chicago.

IU Kokomo Launches Women's Hoops Program

Indiana University Kokomo has added a women's basketball team and hired its first head coach. Whitney Farris will lead the program, which is set to start next season. She is a Kokomo native and currently serves as an assistant coach for the men's team.

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