$16M investment will retain jobs
An aluminum alloy engine component manufacturer in Jefferson County is expanding. Madison Precision Products Inc. says the $16 million investment will help the company sustain a work force of at least 500 through 2016. Vice President Kevin Turner says the expansion positions the company for future growth.
Pence to mark growth of manufacturer
A boat manufacturer will celebrate a northeast Indiana expansion on Thursday. Gov. Mike Pence is scheduled to attend the ribbon cutting at the new Brunswick Corp. facility in Fort Wayne. The company plans to move operations into the new building in August and add 200 workers by 2016.
Purdue increasing entrepreneurship, commercialization efforts
Purdue University is launching an entrepreneurship and commercialization hub. The Purdue Foundry will build on activities already underway at the Burton D. Morgan Center for Entrepreneurship. CEO Dan Hasler says the effort should help guide innovators at the university as they move technologies to the marketplace.
BioCrossroads seeks new venture competition entries
BioCrossroads is now accepting applications for this year's New Venture Competition. The initiative aims to award more than $60,000 to early stage life sciences and health information companies. Last year's top two companies, Diagnotes and Algaeon, have secured a total of more than $2 million since that competition.
Indiana Landmarks plans financial announcement
Indiana Landmarks will discuss its financial future at an event Thursday night. The organization will make the announcement at a preview for the Stadium Lofts complex at the old Bush Stadium site.
IPL plans 'major' announcement
Indianapolis Power & Light Co. is planning an economic development announcement Friday morning. Gov. Mike Pence is scheduled to attend the event in downtown Indianapolis. It is expected to involve a decision by IPL's parent company to move jobs to Indiana.
Evansville bistro abruptly closes
A popular eatery in Evansville has closed. The Courier & Press reports Lorenzo's Bistro & Bakery has abruptly shut down after one of the owners sent an email to others involved in the operation saying he quit. A for-sale sign was placed on the property earlier this week.
City files legal action against biotech company
A foreclosure lawsuit has been filed by the city of Greenwood against Elona Biotechnologies. The company had received more than $8 million in incentives for a production facility and the city wants the money back, plus interest. Our partners at the Daily Journal report the legal action was filed last week.
Research park company announces co-marketing agreement
A Purdue Research Park-based company has signed an agreement to co-market technology. Perfinity Biosciences Inc. says the deal focuses on an automated protein sample preparation and analysis system. It combines the Indiana company's efforts with Thermo Fisher Scientific's chromatography and mass spectrometry technology.
Ivy Tech highlights 'student success'
Ivy Tech Community College is touting an increasing level of student success. An Ivy Tech Institutional report suggests a success measure has increased over a six year period. The indicator includes students who graduated and entered the work force, transferred to other institutions or are still taking classes at the community college.
Rose-Hulman, schools partner on teacher STEM workshop
A group of middle school teachers with the Vigo County School Corp. is involved in a four week workshop designed to improve STEM education. The corporation is working with Rose-Hulman Institute of Technology on this summer's sessions, which include topics like solar structures, gravity-powered vehicles and nanotechnology
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