Indiana's emerging wine industry is growing again. Briali Vineyards is set to open next week in Steuben County. The operators have been growing 11 grape varieties over the past seven years. Winemaker Brian Moeller tells Inside INdiana Business he lived in California's Sonoma Valley for several years and is bringing that experience to the Fremont operation.
Indiana Attracts Payroll Company HQ
A Florida payroll services company is moving its headquarters to Indiana. Beyond Payroll LLC plans to add up to 59 jobs in Indianapolis by 2016. The company opened the Indiana operation last month in the Stutz Building in downtown Indianapolis.
Diamond Foods to Close Fishers Facility
A California-based snack food manufacturer is shutting down a plant in Fishers and will cut approximately 100 employees. In a federal filing, Diamond Foods Inc. (Nasdaq: DMND) says it expects to complete the closing by early next year.
Ball State Looks to Future With New Lab
Ball State University is planning to build a "leading edge" communications center on the Muncie campus. The school says the $6 million Unified Media Lab will include collaborative facilities for journalism, public relations and advertising programs.
Trine to Open Arizona Campus
Trine University in Angola has announced plans to open a campus in Peoria, Arizona next spring. The school says it will offer a variety of programs at the location and hopes to have more than 1,200 students enrolled there by its third year.
Steuben County Launching New Branding Effort
The head of the Steuben County Economic Development Corp. believes a combined branding effort with the area's tourism bureau could draw more attention to the county's business initiatives. David Koenig expects to begin work on the initiative next month. The county's tourism organization says around 2,500 jobs in the region are already tied to tourism.
Lilly Posts Higher Profit, Lower Revenue
Indianapolis-based Eli Lilly and Co. is reporting a higher third quarter profit. The pharmaceutical manufacturer says net income reached $1.33 billion, compared to $1.24 billion for the same period a year earlier. Despite the increase, net income failed to meet analysts' expectations and the company is reporting lower revenue.
Amerigroup Shareholders Approve WellPoint Deal
Shareholders of Amerigroup Corp. have approved a merger with Indianapolis-based WellPoint Inc. (NYSE: WLP). The nearly $5 billion deal is still subject to certain regulatory approvals. Once the transaction closes, Amerigroup will become a wholly-owned subsidiary of WellPoint.
Lilly CEO Calls on State to Step Up
The chief executive officer of Indianapolis-based Eli Lilly and Co. is proposing a "bold stroke" for the state's life sciences sector. John Lechleiter is calling for the establishment of a world-class research institute in Indiana to recruit and retain top academic talent. He outlined the plan during today's Indiana Life Sciences Summit.
Holiday World Planning Big Upgrades
Santa Claus-based Holiday World & Splashin' Safari says it is pouring $6.5 million into improvements for next year. Plans include a new RhinoBlaster "in-the-dark" waterslide, an expanded water park entrance and several upgrades to the park's theater. The company made the announcement this morning on YouTube.
Index: Business Confidence Remains Low
Business professionals and employees throughout the state are not showing much confidence in their company's chances for success heading into the November election. The Indiana Business Confidence Index remains at 57 percent, the lowest level since the launch of the survey nearly two years ago. During an interview on Inside INdiana Business Television, Indianapolis-based Walker Senior Vice President Bruce Kidd discussed the index and responses to election-related issues.
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