Despite loss, IU's 'stock' remains strong
Even though Indiana University's men's basketball team was eliminated in the NCAA tournament Thursday night, preliminary research suggests the program is one of the most valuable in the country, and by far the top in the state. Indiana University-Purdue University Columbus Assistant Prof. Ryan Brewer has valued teams as if they were corporate entities. His valuation research on college basketball and football programs has previously been published in the Wall Street Journal.
Celadon moves forward with driver school
Indianapolis-based Celadon Trucking Services Inc. has announced more details about plans for a driver training school. The company now says it will invest $5.7 million in the project and add up to 500 jobs by 2022. In addition to the school, the new building will include dorm rooms, workout facilities and a basketball/racquetball court. Celadon President Paul Will says an in-house training school will help with the company's continued success.
Mayor: Jeffersonville drawing international attention
The mayor of Jeffersonville says a recent announcement that 360 additional jobs are planned for the area shows the city is on the radar of companies throughout the world. Ohio-based Standard Register Co. wants to invest $10 million to locate a printing and distribution center in the River Ridge Commerce Center. Mike Moore says the city's work force will be ready to support the new employment thanks to efforts by One Southern Indiana and the "large base" of workers in nearby Louisville. He tells Inside INdiana Business even more employers are interested in the area.
Trucking company plots ways to combat shortage
An Indiana trucking company is taking a proactive approach to deal with the industry's driver shortage. Milan-based Baylor Trucking Vice President Cari Baylor says the company implemented a minimum weekly pay of $1,000 last year to help drivers balance their work and family lives. She believes the shallow labor pool is the main challenge for the carrier, which serves companies including GAP, Toys R Us and Indiana-based Knauff Insulation.
Connersville ID's potential Visteon plant buyer
A Florida-based company has been revealed as the possible buyer of the former Visteon plant in Fayette County. The Connersville Board of Public Works identified Steel Recovery Solutions LLC as the interested party. The company specializes in demolishing and recycling commercial buildings. An Economic Development Group official confirms the company has until Monday to finalize its $4 million offer.
Developer details ambitious regional growth
Carmel-based Leo Brown Group LLC is set to break ground on a $17 million senior living community in Indianapolis next month. Plans for Traditions at Solana include several two-bedroom homes and on-site recreational facilities. The company also intends to begin developments in Avon, Ohio and Illinois by the end of the year. Vice President Mike Wagner tells Inside INdiana Business he believes the industry is taking a different approach to elderly care.
Hollywood actor, director to teach at IU
Indiana University's Department of Telecommunications is making a high-profile addition to the faculty. Actor, producer and director Robby Benson will serve as a professor of practice at the Bloomington institution.
Ambitious zoo campaign enters final phase
The Indianapolis Zoo believes the International Orangutan Center will increase attendance. The attraction has begun the public phase of its $30 million Saving the Orangutans campaign with a pep rally and new website. The zoo believes the center will have a $132 million annual impact on Indiana's economy. The orangutans are expected to move into the center later this year. The exhibit will open May 2014. Director of Institutional Advancement Tim Ardillo says the economic benefits of the exhibit reach well beyond the zoo.
School, hospital partnership a 'game changer'
The administrator of St. Vincent Frankfort Hospital says a partnership with the city's new Ivy Tech Community College location will be "extremely beneficial" for both sides. Tom Crawford says the agreement will allow students to gain practical experience at the hospital. The Ivy Tech Center in downtown Frankfort is scheduled to open in the fall. Crawford says the partnership will provide St. Vincent with a trained work force.
Indiana native moves up at CNN
A Goshen native will co-host a new morning show on a high-profile television network. CNN has named Kate Bolduan to the position. She has been with the network since 2007 and is a Goshen High School graduate.
Winery opens in Jasper County
The list of Hoosier wineries continues to expand. Carpenter Creek Cellars is now open in Rensselaer and features wines made of fruit from throughout the Midwest. The winery is located in a restored horse barn built in 1919.
Elkhart County tops in job growth
A federal report indicates Elkhart County led the nation in job growth between September 2011 and September 2012. The U.S. Bureau of Labor Statistics says the increase was driven by the county's manufacturing sector, which picked up more than 4,700 jobs. The federal government says it led in employment growth between March 2010 and March 2011.
Indiana company lands bridge contract
A Clarksville company has been awarded a $1 million contract to replace the deck on a bridge in Floyd County. Gohmann Construction of Clarksville will handle the project on a bridge that goes across Indiana Creek. The federal highway administration will pay 80 percent of the cost, while the other 20 percent rests with Floyd County.
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