IEDC board OKs public release of forensic audit of agency, affiliated entities
Gov. Mike Braun ordered the audit in April, citing unspecified concerns about transparency at the Indiana Economic Development Corp. and its related entities.
Susan Orr
Articles
UPDATE: IEDC board allows Elevate Ventures to continue investment activity
The move came hours after Gov. Mike Braun—whose administration last spring froze funding for the nonprofit—made an unscheduled appearance at Elevate’s Rally innovation conference.
Checking in with past winners of Rally’s IN-Prize pitch contest, aimed at bringing startups to Indiana
The pitch contest, which comes with the potential for up to $1 million in rewards for each of the winners, returns this week as part of Elevate Ventures’ annual Rally innovation conference.
Indianapolis-based WSI Technologies under new ownership
Indianapolis-based The September Group purchased the companies that would eventually create WSI—which offers secure audio and video recording solutions for public safety and child welfare organizations—in 2020.
Tech consulting firm Hylaine to add 20-25 Indianapolis employees
CEO Adam Boitnott, who founded Hylaine in 2017, said the Indianapolis hiring is part of a national growth strategy for the company, which has about 200 employees overall working through five hub locations.
DOC to request $15.8M for planned immigration detention site
The funding request, which is summarized in the agenda for Wednesday’s State Budget Committee meeting, says the agency needs the funding to prepare the correctional facility for ICE detainees.
First Internet Bank selling $869M loan portfolio
First Internet has never sold off such a large pool of loans in a single transaction, according to Chief Operating Officer Nicole Lorch.
Mears Machine Corp. leaning into 3D printing as growth vehicle
Founded by Ron and Clara Mears in 1966, Mears Machine makes precision metal parts for the aerospace, marine, medical, racing and transportation industries.
Indianapolis-based health-tech company GeoH lands $30M investment
GeoH offers a software platform that home care agencies can use for things like billing, staff scheduling, payroll and analytics, as well as a handful of other services.
Lingering conflict means angst for startup community
Indianapolis-based Elevate, a nonprofit venture investment firm, has been operating under a cloud since late April when state officials froze its funding.
Carmel software firm reaches settlement in legal dispute with former business partner
Carmel-based Max Minds, which does business as Alleo, had been embroiled in a legal dispute with a Virginia-based business partner since 2023, with each party suing the other.
Business owners express optimism amid economic challenges, PNC survey shows
PNC Chief Economist Gus Faucher said business owners nationally and in the Indianapolis area are optimistic about their prospects despite ongoing concerns about inflation and possible recession.
Security products company Allegion on acquisition spree in 2025
Allegion, whose Americas division is based in Carmel, has completed nine acquisitions so far this year—a significant increase from recent years.
IEDC leader to depart as part of ‘evolution’ of agency
Jeff Blade has served as the Indiana Economic Development Corp.’s executive director for less than a year.
Local businesses see big opportunities ahead in new drone-flight rule
Once the rule takes effect—which could be as soon as early next year—observers expect a huge increase in drone use for everything from package delivery to public safety to agricultural activities to aerial surveying.
Carmel-based SePro acquires California-based AI startup
SePro offers water-quality analysis services and chemicals that address problems such as algae blooms and invasive weeds in surface water sources ranging from backyard ponds to large lakes and reservoirs.
Savvy criminals fueling a spike in cargo thefts
Criminals have begun adopting technology—everything from telephone spoofing to artificial intelligence—that turbocharges their ability to steal cargo in a host of new ways.
Lawrence-based Schneider Geospatial acquires Boston software firm
Lawrence-based software firm Schneider Geospatial, which has more than doubled its employee base over the past three years, just acquired its fifth company since 2022.
Google confirms its involvement in proposed Franklin Township data center
Until now, the entity behind a proposed $1 billion data center campus off of South Post Road has been known only as Deep Meadow Ventures LLC.
Elanco CEO says new products helping to turn the corner on growth
Elanco Animal Health last week released what CEO Jeff Simmons called its best quarterly earnings since its 2018 spinoff from Eli Lilly and Co.