Senator Todd Young, R-Indiana, calls the $900 million South Shore rail expansion projects "the best bang for the buck" Indiana could hope for in terms of federal funding for infrastructure projects. Young says, since President Trump's proposed budget would eliminate the funding stream that local officials were planning on, he is working with stakeholders including Congressman Pete Visclosky, D-Merrillville, and Jackie Walorski, R-Jimtown as well as Senator Joe Donnelly, D-Indiana, to find alternative funding. During a Studio interview, Young said the double-tracking project would tie northwest Indiana to Chicago and "catalyze a private sector stimulus."
CEO calls rise of the rest win validation: An Indianapolis-based water quality testing startup has won the Rise of the Rest pitch competition. A panel of judges selected 120WaterAudit, which provides subscription-based water-testing services for residents, schools and utilities, to win the $100,000 investment from AOL co-founder Steve Case. CEO Megan Glover says the win puts the young company on the map and is "validation that what we're doing matters and we need to continue to do it."
OrthoPediatrics goes public: Warsaw-based OrthoPediatrics Corp. (Nasdaq: KIDS) is now a publicly-traded company. The pediatric orthopedic medical device manufacturer Thursday completed its initial public offering of common stock, raising $52 million.
Fuzic evolution leads to rebranding: A fast-growing Fishers tech company has changed its name. The marketing technology platform provider says the name change from Fuzic to Vibenomics, announced at Thursday's Rise of the Rest competition, "reflects the evolution in the way our customers view this technology."
D-A Lubricant to expand again in Lebanon: Lebanon-based D-A Lubricant Co. Inc. has announced plans to invest $4.6 million to install a new production line at its Boone County headquarters. The automotive lubricant manufacturer says the expansion is expected to be complete within the next year.
Topgolf Opens in Fishers: Just days after IKEA opened its newest store in Fishers, Texas-based Topgolf International Inc. has opened the doors to its 65,000-square-foot location in the Hamilton County city. The facility is the 35th Topgolf location worldwide.
Angie's List campus going up for sale: Colorado-based ANGI Homeservices Inc. (Nasdaq: ANGI) has announced plans to sell the Angie's List campus on the east side of Indianapolis. The company says it plans to relocate to a more centralized space in mid-2018.
Grand challenges initiative to attack addiction crisis: Indiana University's third Grand Challenges initiative aims to address the crisis of addiction throughout the state. IU President Michael McRobbie says the $50 million project, Responding to the Addictions Crisis, will leverage resources from the university's seven campuses throughout the state in what is being called one of the nation's largest and most comprehensive state-based responses to the opioid addiction epidemic. McRobbie says the addictions crisis in Indiana and the U.S. must be addressed. IU School of Nursing Dean Robin Newhouse describes some of the issues that will be addressed first.
FedEx planning big greenwood hub: FedEx Corp. (NYSE: FDX) has announced plans to build a $259 million small-package distribution center in Greenwood. Speaking before the Greenwood Redevelopment Commission Tuesday, officials said the 608,000-square-foot facility could create up to 455 jobs, most of them part-time. The commission voted to recommend the Greenwood City Council approve a more than $17 million tax abatement for the facility. Mayor Mark Myers says FedEx's decision to invest in Greenwood is "all about location and infrastructure."
Tech company adding dozens of jobs: Carmel-based CleanSlate Technology Group is doubling its work force in Hamilton County. The cloud consulting and software management company says it will invest more than $1 million and add up to 50 new jobs by 2020.
'Fresh Energy' keeps Bloomington indie music label moving: After more than 20 years, a Bloomington-based music label is continuing with its mission of showcasing the independent music scene locally and globally. Secretly Group, which includes the Secretly Canadian, Dean Oceans, Jagjaguwar and The Numero Group labels, has worked over the years with artists including Grammy-winner Bon Iver, Major Lazer, Yoko Ono and Dinosaur Jr. During an interview on a special edition of Inside INdiana Business Television from Bloomington, co-founder Ben Swanson discussed why the company remains in Bloomington.
Hotel Elkhart to receive new life: The city of Elkhart and a Mishawaka-based commercial real estate firm are looking to return a historic downtown building to its former glory. Cressy Commercial Real Estate has announced plans to invest $12 million to restore the Hotel Elkhart into a mixed-use development that will include a boutique hotel.
Fort Wayne transformation keeps tech firm downtown: Fort Wayne-based Aptera Inc. is planning to relocate its headquarters elsewhere downtown and add 20 jobs. The digital marketing technology firm plans to pump $2.6 million into renovating the former Allen County courthouse annex building. President T.K. Herman told the Fort Wayne City Council Tuesday the company located downtown about a decade ago and the growth that has taken place in the urban core since has been big for Aptera. The City Council approved a 10-year tax abatement, which Herman says also played a role in the company staying put.
Hoosier Beers earn Great American medals: Beers from eight Indiana breweries were medal winners at the 2017 Great American Beer Festival in Denver. Touted as "the premier U.S. beer festival and competition," the Brewers Association event this year included 800 breweries. Ten varieties made in Indiana received medals this year from beer makers in Indianapolis, Fort Wayne, Columbus, Fishers and Bargersville.