Inside INdiana Business

2014-03-27T00:00:00Z Inside INdiana BusinessGerry Dick Times Columnist nwitimes.com
March 27, 2014 12:00 am  • 

Company confirms Lafayette plans

The mayor of West Lafayette believes GE Aviation's decision to locate a jet engine plant in Tippecanoe County is a strong example of bipartisan cooperation. John Dennis, who is a Republican, says the facility will be a huge positive for his city even though it will be built in Lafayette, which has a Democrat mayor. Dennis also says the announcement enhances the economic value of Lafayette, West Lafayette and Tippecanoe County, while also giving Purdue University graduates more opportunities to stay in the area. GE Aviation has confirmed it will build a $100 million manufacturing operation with plans to hire 200 workers by 2020.

Potential for Cummins in Indy 'off the charts'

Plans by Columbus-based Cummins Inc. to locate a division headquarters in Indianapolis could be the final piece of the Market Square Arena site puzzle. The building, expected to open in 2016, will leave the former high-profile site fully developed. Indianapolis Deputy Mayor Deron Kintner says the potential long-term benefits of the project are "off the charts." Cummins plans to house 400 workers in the new development.

Calumet Specialty announces $235M deal

Indianapolis-based Calumet Specialty Products Partners LP has announced a $235 million agreement to acquire the parent company of Anchor Drilling Fluids USA Inc., in Oklahoma. The deal is expected to close within a week.

Fifth Third announces Indiana reorganization

Fifth Third Bancorp has announced plans to combine its central and southern Indiana affiliates. The move comes after the chief executive officers of both regions announced their retirements. Fifth Third Executive Vice President Steven Alonso will oversee the combined operation.

Taylor sets new satellite launch schedule

Taylor University expects a student-built satellite to launch into space Sunday. A previous attempt was scrubbed by NASA after an issue emerged with the spacecraft that will carry it into orbit.

Wellfount lands big funding

Indianapolis-based Wellfount Corp. has secured $15 million in funding. Chief Executive Officer Eric Orme says the infusion from New York-based Deerfield Management Co. will bolster the pharmacy services provider's efforts to enter new markets.

Software company lands $3M investment

A sales management software company has secured a $3 million venture capital investment. Indianapolis-based TinderBox Inc. says the funding round is led by Allos Ventures, which has offices in Carmel and Cincinnati.

Evansville awards sports complex contracts

The Evansville Convention & Visitors Bureau says construction will begin as soon as possible on a $14 million sports complex. Two multimillion-dollar bids were awarded today for the project, which is expected to be complete by next spring.

Pro team looking to boost youth hockey

The state's new professional hockey team has announced a fundraising goal of $500,000 for youth programs in central Indiana during the next five years. The Indy Fuel has named Judi Kremer youth hockey ambassador to help with the effort.

Grants to support quality of place initiatives

Several communities have been awarded funding for efforts designed to improve quality of place. The matching grants from the Place Based Investment Fund will be used for public venue projects.

WellPoint Hires CIO

Indianapolis-based WellPoint Inc. has named Tom Miller chief information officer. He most recently served in a similar position with Coca-Cola Refreshments.

Youth job fair set for South Bend

WorkOne says an estimated 250 entry-level positions will be available at this weekend's youth job fair in South Bend. The event is open to Indiana residents between 16 and 21 and will involve more than 25 employers.

Find more Indiana business news at www.InsideINdianaBusiness.com.

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