The University of Notre Dame says $10 million in funding from an anonymous benefactor will create two faculty positions for "world-class scholars" and boost a seed fund at the Wilson Sheehan Lab for Economic Opportunities. LEO, launched five years ago, is a research center in the university's economics department that focuses on reducing poverty through evidence-based programs and policies.
Manufacturer touts new Columbus facility: Lindal North America is showcasing its new, $20 million Columbus facility. The company, a subsidiary of Germany-based Lindal Group, manufactures aerosol packaging components for what officials call "international power brands" in the cosmetics, household products and pharmaceutical sectors.
Construction begins on Winnebago expansion: Iowa-based Winnebago Industries has broken ground on a more than $12 million expansion project in Middlebury. The company is adding 200,000 square feet of space at its Winnebago Towables campus with plans to add up to 125 jobs by 2019.
Major housing development underway in Elwood: Construction is underway on a $27 million residential development around a golf course in Elwood. Plans for Bison Ridge Estates include dozens of homes, apartments, villas and up to 48 senior living units.
Manufacturer to establish Salem plant: A plastics manufacturer has announced plans to invest $2.3 million to established a new production facility in Washington County. Tian Yuan, a joint venture with New Albany-based Shaw Brothers Co., says the plant will create up to 35 jobs by 2021.
Beacon details new Granger hospital, Bremen agreement: South Bend-based Beacon Health System is planning a new hospital in Granger and, pending final approvals, will also bring Community Hospital of Bremen under its umbrella. The nearly $26 million Beacon Granger Hospital is slated to break ground in the summer and be complete in about a year.
Lilly makes $1.6B acquisition: Indianapolis-based Eli Lilly and Co. is acquiring a California company in a $1.6 billion deal. ARMO BioSciences is developing a pipeline of products designed to boost the immune system of cancer patients and eradicate tumors. Lilly Oncology President Sue Mahony says the acquisition adds a "promising next-generation clinical immunotherapy asset" to Lilly's pipeline.
CEO: Westfield YMCA 'many years' in the making: The chief executive officer of YMCA of Greater Indianapolis says a proposed $35 million facility in Westfield will help satisfy the needs of the community. Eric Ellsworth says the organization's partnership with Westfield Washington Schools to bring the 65,000-square-foot YMCA branch and natatorium to life is a natural one that will create the most benefit for the money being spent. Ellsworth says the collaboration with Westfield Schools started when the district began looking into building a new aquatic facility.
AgTech 'pre-commercial battleground' set for year three: The third-annual agBOT Challenge is a week away in rural Parke County and its founder says the event will again allow college teams "push the limits" with their agricultural technology concepts. Steve Gerrish, who is chief executive officer of Rockville-based airBridge and owner of the more than 600-acre Gerrish Farms where the competition is held, says the agBOT Challenge has already provided a boost for advanced technologies like autonomous machinery, plant identification and harvesting and weed eradication.
Sun King names restaurants for Carmel distillery: Indianapolis-based Sun King Brewing Co. says it is on pace to open its $4 million Carmel tap room and distillery in July. The craft brewery also says it has selected four local restaurants to provide offerings inside a food hall planned for the new facility.
EggLife to build White County plant: A food production company has announced plans to build a new processing plant in White County. EggLife LLC says the facility will create up to 30 jobs.
SIA begins ascent production: The first 2018 Subaru Ascent will this afternoon roll off the assembly line at Subaru of Indiana Automotive in Lafayette. The new production sparked a $140 million investment at the plant along with plans to create up to 200 jobs.
Acquisition of Paragon Medical complete: Tennessee-based NN has completed its $375 million acquisition of Paragon Medical Inc. in Kosciusko County. NN CEO Richard Holder says the deal continues the manufacturer's efforts to expand its life sciences portfolio.
$15M donation spurs new name for downtown med center: The $70 million medical facility being built in downtown Evansville has a new name. The Stone Family Center for Health Sciences, named in honor of Connecticut-based SS&C Technologies Inc. founder Bill Stone following a $15 million donation, is a collaboration among Indiana University, the University of Evansville and University of Southern Indiana.
Ricks sees 'bright period ahead' for Lilly: Buoyed by strong first quarter results and a spate of new and expected product launches, Eli Lilly and Co. CEO Dave Ricks is speaking with optimism about the company's outlook. Lilly raised its full-year 2018 revenue guidance and earnings-per-share expectations after reporting first quarter results that showed profits surging to $1.2 billion. However, Ricks says it's the quality behind the numbers that gives him reason for optimism, noting that nine new products have been launched since the end of 2014, with six more in the pipeline. In an interview for Inside INdiana Business with Gerry Dick, Ricks talked about keys for future success.
Ruth's Chris cuts ribbon in Fort Wayne: Ruth's Chris Steak House held a ribbon-cutting for its new location in downtown Fort Wayne this week. The $6 million restaurant is part of the $40 million Skyline Tower project in the city's business district.
Chamber joins 'achieve your degree' program: The state's largest post-secondary education institution and largest business advocacy organization have announced a partnership. Indiana Chamber of Commerce members are now eligible for Ivy Tech Community College's Achieve Your Degree Program, which involves a five percent tuition discount for companies with tuition assistance programs or employees paying for their own education. Indiana Chamber President Kevin Brinegar says the collaboration will help with "upskilling the workforce." Ivy Tech Senior Vice President of Workforce Alignment Chris Lowery says dozens of Indiana employers already participate in Achieve Your Degree.
Is Indy a 'music city?' An event Tuesday in Indianapolis will focus on developing a music strategy for the city by discussing its impact on tourism, economic development and policy. Indy Chamber Chief Executive Officer Michael Huber says the U.S. Music Cities Forum will help civic and creative stakeholders learn from influential leaders from other cities with high-profile music economies. The gathering is organized by the Indy Chamber and Sound Diplomacy, an organization based in the United Kingdom that advises governments and businesses on developing "healthy music ecosystems to create vibrant, exciting communities." Sound Diplomacy founder Shain Shapiro says the forum will detail why music is important to Indianapolis.
Five-county study finds broadband access lagging: A recent study by the Purdue Center for Regional Development shows the five-county region of the Southern Indiana Economic Development Commission is lacking in broadband access. The research, which involved Daviess, Greene, Knox, Lawrence and Martin counties, suggests more than 20 percent of residents and 50 percent of businesses in the region do not have access to broadband.
Greenlight guru launches new software, growing team: Indianapolis-based tech company Greenlight Guru is continuing its rapid growth. The company, which produces quality management software for medical device companies, has launched the latest version of its platform with plans to add 14 jobs over the next quarter.
Irish ambassador: Indiana has 'sense of its own future': The Ambassador of Ireland to the United States says he hopes a U.S. State Department-sponsored visit to Indianapolis, Columbus and Bloomington will sprout new relationships and global investment opportunities in Indiana. Daniel Mulhall is one of more than 30 foreign dignitaries who toured major Hoosier employers like Columbus-based Cummins, Indianapolis-based Eli Lilly and Co. and Indiana University and networked with community leaders and executives through the Experience America initiative. Mulhall says the visit helped create impressions the ambassadors can take with them, demonstrating "America is not just the East Coast and West Cost, it's not just north and south, there's also the Midwest, which has attractions of its own." During an interview with Inside INdiana Business Reporter Mary-Rachel Redman, Mulhall discussed the many links between Ireland and Indiana.
Kimball International CEO to retire: Kimball International has announced CEO Bob Schneider will step down later this year. Schneider informed the Jasper-based company's board of directors that he will retire Oct. 31, after four years at the head of the company.
Old Fort project nearing completion: The city of Fort Wayne says the Old Fort Bank Stabilization Project is nearly complete. The effort, which began in February 2017, aims to improve the look of the riverfront and protect it from erosion and invasive plant species.
Renovations complete at The Clyde: Fort Wayne's newest live music venue will host a grand opening concert Saturday after a more than $9 million renovation. The Clyde Theatre, which launched the revamp and expansion last year, can hold up to 2,000 guests.
'Proactive' school safety tech testing in Indy: An Indianapolis high school will be part of a pilot program for a new safety platform designed to be more proactive against potential threats than current methods. Maryland-based DMI, which has an Indianapolis office, is partnering with Cathedral High School on what Digital Transformation Solutions Division President Gregg Gallant calls "situation-awareness" technology. The EndZone for Education platform helps provide schools with real-time monitoring and response support by integrating mobile devices and web access already available to students, teachers, administrators and security staff. Cathedral President Rob Bridges says schools are currently "really defensive" about their safety strategy.
Manchester University touts unique pharma offering: The director of pharmacogenomics education at Manchester University says a first-of-its-kind in the nation offering could double or triple the number of pharmacists with pharmacogenomics expertise. In the most recent edition of our Life Sciences INdiana enewsletter, David Kisor said the dual doctor of pharmacy and master of pharmacogenomics program could help reduce the occurrence of adverse drug reactions. The field involves prescribing medication based on a patient's unique genetic makeup. Kisor said the program offers a more streamlined path than the current route.
Global Tech event selects Indianapolis: As he concluded an economic development trip to Israel, Governor Eric Holcomb announced an international cybersecurity conference is coming to Indianapolis. Cybertech Midwest, which is expected to attract some 700 global professionals Oct. 23, is an extension of the original gathering in Tel Aviv that is billed as "the most significant conference and exhibition" of its kind outside of the United States.
Startup competition to visit Maker13: A national startup competition that made a stop in Indianapolis last year hosted an event in Louisville. Rise of the Rest, led by AOL co-founder Steve Case, first paid a visit to the Maker13 space in Jeffersonville.
Downtown Lebanon project underway: After a year of planning, a downtown Lebanon project is coming to fruition. Ground was broken last week on the nearly $8 million project, which will be completed in three phases.