Walmart spending $108M to expand Indiana distribution center
The expansion will double shipping capacity and add automation technology that the company said will increase the speed with which merchandise gets sent to Walmart stores.
Alex Brown, Inside INdiana Business
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Med tech startup getting boost from global accelerator
West Lafayette-based Neurava is one of 61 companies from around the world to showcase its medical technology as part of the 11th annual MedTech Innovator, billed as the largest accelerator of med tech companies.
Pitney Bowes eliminating 311 jobs in Greenwood
Brett Cody, senior director of communications for Pitney Bowes, said the company is shifting its parcel delivery and returns operation to two other Midwest hubs “to more efficiently meet client demands and evolving market opportunities.”
Indy-based smart mailbox startup prepping for public offering
Arrive CEO Dan O’Toole said he is targeting early 2024 to make the initial public offering. The company has secured the ticker symbol ARRV.
Nucor to add $115M manufacturing plant, 200 jobs in Indiana
The facility will support the steelmaker’s recently established Towers & Structures business unit, which manufactures a variety of utility structures, including engineered poles, light-duty poles and substation structures.
Indiana chosen for $3B electric vehicle battery plant, 1,700 jobs
General Motors and South Korea-based Samsung SDI announced Tuesday that they have selected a 656-acre site in New Carlisle to build the plant, which could become operational by 2026.
GM to spend $632M on Fort Wayne Assembly plant upgrades
While no new jobs are being created, the company said the move will help retain the nearly 4,000 employees at the northeast Indiana facility.
Indiana’s largest credit union changing its name
Teachers Credit Union on Tuesday said the rebranding better reflects its “mission to empower and serve all people and grow beyond its original educator roots.” It will also mean a name change for TCU Amphitheater at White River State Park.
Former Ivy Tech leader Gerald Lamkin dies at 86
Current Ivy Tech President Sue Ellspermann called Lamkin the father of Indiana’s community college system, saying no single leader has had more impact on Ivy Tech.
Holcomb to make 15th international business-development trip
Indiana Gov. Eric Holcomb and Indiana Secretary of Commerce Brad Chambers plan make their third economic development trip to Europe in just over a year, his office announced Thursday.
Local cold storage firm founded in 1951 acquired by South Dakota biz
MW Cold, a fourth-generation company that operates two large cold-storage facilities in central Indiana, is under new ownership.
CEO of American Senior Communities stepping down
Donna Kelsey plans to remain a senior adviser and will be succeeded by Chief Financial Officer Steve Van Camp.
Hillenbrand acquires food processing equipment business for $730M
When the deal is completed, Hillenbrand said the Food and Performance Materials business of Schenck Process will join its Advanced Process Solutions segment.
Purdue inks another international semiconductor agreement
The agreement is the third global semiconductor partnership involving Purdue University announced this month.
Indiana’s unemployment rate shows monthly decline
The state’s labor force participation rate increased slightly, to 63.6%, in April and remains above the national rate.
Community Health opens rehab hospital in Brownsburg
Community Health said the 50,000-square-foot hospital at 8920 E. 56th St. has 40 beds and is designed to address a growing need for inpatient rehab services throughout central Indiana.
Cummins filtration business targets $341M in IPO
In April 2022, Cummins announced plans to spin off the business, then known as Cummins Filtration, which provides filtration products for trucks, off-highway industrial equipment and power generation systems.
Penguin expert wins Indianapolis Prize for animal conservation
The Indianapolis Zoological Society Inc. on Monday announced Pablo Borboroglu, founder and president of the Global Penguin Society, as the 2023 winner of the Indianapolis Prize.
Groundbreaking set for Broad Ripple mixed-use project
Known as Versa, the project will include more than 230 apartments, a 245-space parking garage, and 3,600 square feet of ground-floor retail space.
OrthoWorx CEO: State funding to create boost for orthopedics industry
The CEO of orthopedic industry group OrthoWorx says the $30 million appropriation from the state’s new two-year budget has created excitement within Indiana’s orthopedic industry.