The South Bend Redevelopment Commission has approved an updated plan for a nearly $40 million development on the city's so-called "Wharf" site along the banks of the St. Joseph River. The two-phase proposal includes condos, commercial space and the possibility of apartments or a boutique hotel.
Gibson County mine to reopen: The owner of an idled coal mine in Gibson County says it plans to reopen the operation. Oklahoma-based Alliance Resource Partners said last month it will invest $16.5 million to bring two mining units at the Gibson North mine back into production.
Vectren planning nearly $1B in natural gas, solar projects: Evansville-based Vectren Corp. has announced plans for two major projects in southwest Indiana. The utility says the efforts, which include a $900 million natural gas-fired generation plant, will reduce its carbon emissions by 60 percent over 2005 levels.
General Mills to acquire company growing in Richmond: Minnesota-based General Mills has announced plans to acquire a Connecticut-based company with a major presence in Indiana. The $8 billion deal for Blue Buffalo Pet Products includes the company's new facility in Richmond, which is under construction.
Tech census shows successes, need for improvement: Indianapolis-based Powderkeg has released the inaugural Indianapolis Tech Census Report. The report details the results of a survey of nearly 400 members of the Indy tech community, including the momentum, growth and challenges facing the tech sector. One of the key takeaways centers around diversity and equality among tech companies which, according to the report, shows room for improvement. During an interview on Inside INdiana Business with Gerry Dick, CEO Matt Hunckler said the results also offer insight into pay and job satisfaction.
Circle Centre set for major changes: Major changes are coming to Circle Centre Mall in downtown Indianapolis. The Circle Center Partnership has announced a multi-million dollar renovation project it says will add a "fresh, contemporary look" to the nearly 25-year-old mall.
Cook details major realignment: The president of Bloomington-based Cook Medical says changes to the company's organizational structure will drive more rapid technology innovation and continued growth. Cook is restructuring from 10 business units to two divisions, a move that will impact sales, marketing, research and development and customer service functions. In an interview with Inside INdiana Business, Pete Yonkman said the realignment will not result in any layoffs. Yonkman says Cook's previous structure limited growth opportunities.
Berry Global planning major investment: Evansville-based Berry Global has announced plans for a $50 million capital investment. The company says the investment will focus on its proprietary Spinlace asset and will include a new commercial production facility in North America.
Purdue program aims to end special ed teacher shortage: Purdue University's College of Education says its new accelerated degree program, Fast-Track, will get special education teachers into classrooms sooner. The program begins in fall semester 2018, and offers special education majors the opportunity to graduate within three years.
Levementum riding Indy's tech wave: The senior vice president of Arizona-based Levementum says the presence of Salesforce and a "fantastic talent pool" have made Indianapolis a great spot for the customer relationship management firm to grow. Michael Burton said the company will move to a new Indianapolis location this summer after outgrowing its current home at The Union 525 downtown. Early last year, the company detailed plans to add 175 jobs by 2021.
Trine beefs up broadcast capabilities: Trine University has launched the Trine Broadcasting Network, which will incorporate university video production, athletic event live-streaming and the game-day experience at the recently-opened MTI Center. Josh Hornbacher, operations director of the campus radio station WEAX, will serve as executive producer of the network. The northeast Indiana school says it plans to build academic programs around the expanded capabilities. Hornbacher says the broadcasting experiences will go beyond sports.
$70M in tax credits to support low-income areas: Two organizations in Indiana have been awarded a total of $70 million in tax credits designed to boost investment and growth in low-income urban and rural communities. The U.S. Department of the Treasury has named Fort Wayne New Markets Revitalization Fund a $55 million recipient and French Lick Redevelopment CDE in Paoli a $15 million recipient of credit authority through the Community Development Financial Institutions Fund. FWNMRF Director Sharon Feasel says the credits will be used to attract private investment in parts of the city and region that may not otherwise receive it. Feasel tells Inside INdiana Business, the credits could support a "long pipeline" of potential projects in Fort Wayne and beyond.
Honda announces Greensburg leadership changes: Honda Manufacturing of Indiana LLC in Greensburg has announced Isao Matsuzaki as the company's new president. He succeeds Bob Nelson, who will become senior vice president and regional division manager of the North America E-Planning Division at Honda of America Manufacturing in Ohio.
Purdue Improved Crop Storage bags reach global stage: Some 30 years after inspiration struck to create an economical way to prevent post-harvest losses from insects, a specially-designed bag system has reached the global commercialization stage. Purdue Improved Crop Storage bags were invented by College of Agriculture professor Larry Murdock following a trip to Africa in the late 1980s. Murdock and his team launched PICS Global to produce a chemical-free, low-cost solution to make food more available throughout the world.
Children's Museum to buy Salvation Army divisional HQ: The Children's Museum of Indianapolis says it has reached an agreement to acquire the Salvation Army Indiana Divisional Headquarters. The two sides have been in a dispute stemming from construction of the museum's $35 million Riley Children's Health Sports Legends Experience.
Clinic to offer therapies not available to Hoosiers: Armed with a $1 million grant and a new high-profile partnership, the founder and executive director of Lawrence-based NeuroHope says he expects the new physical therapy clinic for patients recovering from brain and spinal cord injuries to cast a wider net. Chris Leeuw says the support from the state's Spinal Cord and Brain Injury Fund will expand services and bring to Indiana therapies that are not currently available. The center, which launched three years ago, is now part of the Christopher & Dana Reeve Foundation's NeuroRecovery Network and has exceeded its early target of providing services to 50 patients. During an interview with Barbara Lewis in The Business of Health, Leeuw said NeuroHope is designed to fill a gap created after patients are discharged from the hospital.