Carmel-based bank opens Chicago office
Carmel-based Merchants Capital Corp. opened a mortgage production office in downtown Chicago last month.
IBJ Staff
Articles
Kokomo credit union merging into Financial Center First
Indianapolis-based Financial Center First Credit Union is building a branch in Kokomo and will complete a merger with Kokomo Heritage Federal Credit Union when the branch opens this fall.
Hendricks County Flyer newspaper publishes last issue
In a story at the top of the final issue, the paper said it closed “the shopper due to challenging market conditions.” The paper was delivered free by carriers to 15,000 readers on Wednesdays and Saturdays.
Editorial: Fresh thinking on ex-offenders will strengthen our economy
Businesses, confronting an unemployment rate around 4 percent, are struggling to hire. Meanwhile, the formerly incarcerated, who face an unemployment rate about five times higher than the general population, need work to help sustain themselves and their families.
UPDATE: Vonnegut museum tops fundraising goal for new building
The museum, which is currently homeless, signed a purchase agreement in February for a building at 543 Indiana Ave. It needed to raise $1.5 million to buy and rehab the building, and it passed that goal with hours to spare Wednesday.
Hulman & Co. sells iconic baking powder maker Clabber Girl for $80M
Hulman & Co. said Wednesday that it has sold Clabber Girl Corp. to Parsippany, New Jersey-based B&G Foods Inc. so it could better focus on motorsports and entertainment.
Drug research firm Covance plans $17.5M expansion, 203 jobs
Plans call for the company to spend $11.8 million on the real estate improvements and another $5.7 million on new IT equipment and freezers.
Purdue scores $5M gift for business analytics center
A private equity firm executive and his wife have given Purdue University a donation to support the business analytics center in the Krannert School of Management, Purdue announced Tuesday.
Upstart software firm plans 75 jobs at new downtown HQ
A software-as-a-service firm founded last year under the wing of Indianapolis-based venture studio High Alpha announced Tuesday that it plans to spend $1.4 million to establish a downtown headquarters.
Packaging company to open Whitestown factory, hire up to 43 workers
Opus Packaging Group said it will invest $3 million to build and equip a 170,000-square-foot facility, its first location in Indiana.
Andrew Mallon chosen as first new CIB director in 28 years
Andrew Mallon, corporation counsel for the city of Indianapolis, was approved Friday morning as executive director of the Capital Improvement Board, replacing longtime leader Barney Levengood.
Bioanalytical Systems buys toxicology firm
Bioanalytical Systems said May 1 it purchased Smithers Avanza Toxicology Services in suburban Washington, D.C.
IU forms partnership to combat opioids
The university said it joined the collaboration, which includes several other research institutions, to help reverse national trends in opioid misuse and overdose.
Apartments, commercial space planned for innovation district
Luxury apartments and mixed-use commercial space will soon be part of Purdue University’s Discovery Park District.
Panelists discuss funding startups, attracting talent
Panelists from a broad range of life sciences fields shared their insights on key issues during IBJ's Life Sciences Power Breakfast on May 3.
Editorial: Congress should approve Sen. Todd Young’s bill to boost smoking age
The measure is especially important after the Indiana General Assembly’s failed to act on a similar proposal as well as a bill that would have significantly increased the cigarette tax. That’s despite strong support for both bills from a broad spectrum of business, religious, health and not-for-profit organizations.
Local maker of organic oils rakes in $9.5M in venture funding
The round of financing was led by Indianapolis-based HG Ventures, which is the corporate venture arm of a major shareholder in Biosynthetic Technologies.
International joint venture planning $29.5M plant in Rushville, up to 250 jobs
The facility would process maize straw from as many as 150,000 acres of cornfields annually into a peat moss substitute for agriculture and foam products for material science uses.
Flaherty & Collins opens Sullivan apartment project
The project created 40 apartments, which are spread across two restored historic structures and new construction on the downtown square.
Taft brings aboard real estate attorneys
Chelsea Ringlespaugh Spickelmier and Nicholas Mollmann are new associates in the law firm's Indianapolis office.