Indianapolis-based Allison Transmission Holdings Inc. outperformed analysts’ expectations in the second quarter, but the manufacturer also says its full-year revenue and profits will likely be lower than it had previously expected.
Nearly a year after a federal judge placed Georgia-based financial firm Drive Planning LLC into receivership, the court-appointed receiver is still wrestling to gain control of the $2 million Geist mansion where the now-defunct firm’s managing partner lives.
What used to be a simpler checkout choice (“Cash or credit?”) has become more complex, fueled by tech-enabled options that have gained traction in recent years.
Borgman Capital, a Milwaukee-based investment firm focused on acquiring midsize businesses, has established an office in Indianapolis. The office is led by Matt Kreutz, a longtime financial professional in the Indianapolis market. Kreutz joined the firm July 1 as managing director of deal originations. Currently, Kreutz is the firm’s only Indianapolis employee. But he said […]
The Indianapolis metro area ranks 47th among the nation’s 195 large metros when it comes to artificial intelligence business activity, according to a new study from the Brookings Institution.
Indianapolis-based marketing tech startup Backstroke Inc. has raised a total of $4.8 million in outside investment since its launch in 2024.
Late-stage changes to a program meant to expand high-speed internet into rural and hard-to-serve areas have left Indiana providers scrambling to decide whether to rework their proposals to meet new rules and reapply for funding ahead of a September deadline.
Robosource is set to launch its first software product, a tool called Process Coach, in October with help from the round of investment funding.
Indiana’s new Office of Entrepreneurship and Innovation is expected to focus on Main Street businesses—small businesses that are not venture-backed, not easily scaled and found in many towns and cities across the state.
Four data center proposals in the Indianapolis area are facing a dynamic that’s emerging here and elsewhere: The operators working to build data centers here vs. the neighbors trying to stop them.
Attorney General Todd Rokita is seeking to revoke the real estate license of Jeremy Tucker, an Avon real estate agent who has been sued dozens of times over local real estate deals.
Since last fall, four creditors have sued Jack’s Donuts of Indiana Commissary LLC for money they say they’re owed. Of those four cases, two have resulted in judgments against Jack’s totaling just over $888,000.
Pittsboro officials annexed the property into the town late last year. In March, Pittsboro’s town council unanimously approved Vantage’s request to rezone the land.
Also, at Wednesday’s meeting, the IEDC board’s entrepreneurship committee updated the investment policy for the Indiana Angel Network Fund III LLC—the investment fund managed by Elevate Ventures through which the SSBCI money flows.
The Indiana Economic Development Corp. estimates that the data center incentives are worth an estimated $168 million in total tax savings for the combined projects over the next 35 years.
Elevate Ventures and Indianapolis-based marketing, strategy and investment firm Prolific have merged their fall conferences.
Ohio-based Northwest Bank entered Indiana in 2020 with its acquisition of Muncie-based MutualFirst Financial Inc. and has plans to expand in the Indianapolis market.
Most of that funding—$10.8 million—comes to the Indianapolis Neighborhood Housing Partnership in the form of loans from five Indiana-based banks.
The Wisconsin-based startup accelerator is shifting its conference strategy to one large gathering irather than a handful across the U.S., a move expected to expand networking opportunities among investors and entrepreneurs.
IBJ talked with Heath last week during the Global Entrepreneurship Congress at the Indiana Convention Center about what IU Innovates has accomplished in its first two years and what’s next for the effort.
