Agricultural equipment maker CTB Inc. is upgrading its manufacturing operations in Milford and providing advanced training opportunities for nearly 350 of its workers during the next two years. Sixty additional employees are expected to be hired. Earlier this year, CTBs completed a 75,000-square-foot expansion of its north central Indiana facilities. The company designs and manufactures a wide variety of systems and accessories for the poultry, pig, egg production and grain industries.
Dunkin' Donuts to open stores in Fort Wayne
Dunkin' Donuts continues to build its presence in Indiana. The first of 20 new stores is opening in the Fort Wayne market next week. The additions will create 500 jobs in the community. The first store opens Wednesday. The second is scheduled to begin construction in late August. Dunkin' Donuts is expected to open 80 new locations in Indianapolis in the next six years.
University of Evansville president arrested
University of Evansville President Stephen Jennings has released a statement following an overnight arrest. Police pulled him over while driving and said they registered a 0.14 blood alcohol level on a portable breathalyzer. Jennings said he has "obviously made a very serious mistake." He has apologized to the university campus and the community at large. Jennings adds he "will take every necessary action to ensure that it doesn't happen again."
Horse racing track reaches finish line
An Evansville-area horse racing track is planning an unemployment seminar next week for its workers after the owner decided to close the facility. Ellis Park had been open for more than 80 years. Owner Ron Geary says he had to close because of a lack of available revenues. He says 90 percent of the park's revenues come from off-track, Internet and television broadcast wagering. The Kentucky Horsemens and Benevolent Association is not allowing the Ellis Park signal to be sent to advanced wagering outlets. The track is in Kentucky, even though it falls on the Indiana side of the Ohio River.
H.I.G Capital acquires manufacturer
H.I.G. Capital, LLC, a private equity firm, has acquired Stant Corp. headquartered in Connersville. The company manufactures highly engineered vapor and fluid control components then sells them to global industrial and automotive original equipment manufacturers and automotive aftermarket customers.
http://www.insideindianabusiness.com/newsitem.asp?id=30233
Toll Road Halts Construction For Holiday The Indiana Toll Road Concession Co. (IRTCC) is removing all lane restrictions for the July 4 holiday. The aim is to ease heavy holiday travel. The IRTCC is also keeping what it describes as "patron-friendly" construction hours between Memorial Day and Labor Day.
http://www.insideindianabusiness.com/newsitem.asp?id=30240
Purdue's Herrick Labs Turns 50, Expansion Planned Purdue's Ray W. Herrick Laboratories will celebrate turning 50 this month and reaching closer to its $11 million expansion goal. So far, $9 million has been raised. Plans for the new building call for doubling the floor space and including a Cummins engine laboratory and a Perception-Based Engineering Laboratory. The July anniversary celebration is taking place in conjunction with the International Refrigeration and Air Conditioning Conference and the International Compressor Engineering Conference. The events, scheduled July 14-17, are expected to draw hundreds from around the world.
http://www.insideindianabusiness.com/newsitem.asp?id=30236
