STEM group to dole out millions in grants
The grants will increase access to hands-on computer science education for Indiana teachers and students and cover program fees and teacher professional development.
IBJ Staff
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Ivy Tech Foundation lauded for fundraising
Ivy Tech raised $16.4 million in 2017, exceeding the No. 2 community college fundraiser by 43 percent, according to a survey.
Manufacturer of super-fast car moves onto Purdue campus
British carmaker Keating Supercars plans to produce the latest generation of its car, the Viperia Berus, on the West Lafayette campus. The car can travel more than 240 mph and is anticipated to sell for $180,000 to $250,000.
Frontier adding year-round nonstop flights from Indy to San Diego
The twice-weekly flights will depart Indianapolis International Airport on Mondays and Fridays starting Aug. 13.
Health care research company terminating 98 workers in Indianapolis
In a letter to the Indiana Department of Workforce Development, the company said “changing business needs require us to reduce operations at this facility.”
Industrial-automation firm to open Whitestown warehouse, hire hundreds
A Fortune 500 company will invest $16.4 million in Boone County as it shutters warehouses in Illinois and Tennessee and consolidates those functions here.
Northwest-side apartment portfolio fetches $64 million
An Atlanta-based real estate company has purchased four Indianapolis apartment communities and plans to spend $27 million to renovate them.
Indiana fraudsters sentenced for stealing, reselling $1.2M in merchandise from Amazon
In the scheme, a husband and wife would assume false identities and scam consumer electronics from Amazon, prosecutors said. They would sell the goods to an associate, often in parking lots in Indianapolis.
Simon hopes to do ‘transformational redevelopment’ of Sears space at Castleton Square mall
The two-story location is one of 63 Sears that parent Sears Holdings announced Thursday were “non-profitable” and would be closing.
Sears Holdings to close Castleton Square mall store
The Castleton Square store is among three in Indiana that the struggling retailer included on its latest closure list.
Republic Airways plans to churn out hundreds of pilots at new local flight school
Republic Airways Holdings Inc. plans to open an aviation school at Indianapolis International Airport that it hopes will help it address an ongoing pilot-shortage problem.
Custom parts maker buying Park 100 building, adding employees
The four-year-old company that specializes in motorsports, defense and consumer products is moving from Pittsboro.
St. Vincent settles disability-discrimination lawsuit from EEOC
St. Vincent Health has agreed to pay $15,000 to a former employee and increase worker training under a settlement with the Equal Employment Opportunity Commission.
Electric car maker targets Indiana for $160M plant, 467 jobs
SF Motors Inc., a Silicon Valley-based electric vehicle developer and manufacturer, said it could hire as many as 200 workers at the Indiana plant by the end of the year.
Existing-home sales rise in Indianapolis area amid shrinking inventories
The market rebounded from an off-month in March, when sales dropped 7.5 percent on a year-over-year basis—the first decline in seven months.
Indianapolis falls out of top 15 on list of most populous U.S. cities
Indianapolis added an estimated 5,549 people between July 1, 2016, and July 1, 2017, but was passed by a Texas city that added 18,664 people.
Indianapolis car dealer charged in $7M international fraud scheme
Investigators from the U.S. Department of Justice say the 47-year-old owner laundered proceeds from the scheme through his dealership.
Orthopedics distributor eliminating 70 jobs in Indianapolis area
Employees have been notified that their jobs will be eliminated in phases beginning in August and concluding Oct. 31.
Records for May 25-31, 2018
Here are the records listings for the May 25-31, 2018, issue of IBJ.
EDITORIAL: Small grants, loans can launch a neighborhood renaissance
We commend programs aimed not at subsidizing businesses but helping to give them a small boost to get them going or keep them going.