Unlike many other states, Indiana has its fiscal house in order so this federal money is a rare opportunity for thoughtful new investment.
White River could become a national-park-like amenity
Improving a 58-mile stretch of the White River and taking advantage of the natural resource that flows through the Indianapolis area has been on local leaders’ wish list for years.Read More
Independent music venues face closures without help
About 60 entertainment stages, bars and studios across Indiana have joined forces in a new association to fight for government assistance they say is needed to survive.Read More
Wealthy hospitals get billions in federal bailout funds
Some are asking whether coronavirus aid funds are flowing to the neediest hospitals, or to those that already have deep financial resources, as the money is doled out to thousands of institutions nationwide.Read More
It is up to the state to get relief into the hands of those who need it most.
The state has an estimated $3 billion in federal funding coming its way. IBJ decided to ask what would happen if officials did something big and bold with the money.
For nearly a decade, voices across Indiana have raised warning flags about the need to repair the state’s aging water-utility systems and make plans to meet the growing water demand.
Most Indiana leaders and politicians agree that providing every Hoosier with a high-speed broadband connection is a worthy goal, if not a high priority. But they disagree over how to accomplish and pay for it.
DroneDek, an Indianapolis-based startup, said it has raised more than $1.25 million to support its upcoming product launch.
Unless a founder is independently wealthy, she can operate for only a limited time with her own savings. Securing pre-seed capital is extremely difficult for founders without access to networks of affluent people conditioned to write checks for risky ventures.
The funding is intended to help the state navigate the pandemic, and state officials are slowly rolling out plans to spend it—while holding a sizable portion back in case COVID-19 roars back.
The Allos III fund has already invested in eight technology companies, and Allos officials said the fund could invest in up to 30 across the Midwest.
Venture capital is supposed to be the lifeblood of fast-growing tech startups. But a handful of Indianapolis-area companies are defying that widely embraced mindset.
The Indianapolis-based broadband provider raised the funds from some of its member-owners and a new owner: Wabash Valley Power.
Founded in 2006, Fast BioMedical Inc. plans to use the money to help advance clinical trials and hire additional workers. It develops technologies to measure blood volume and kidney function.
It’s the first venture funding round for 3-year-old Clear Software, an early mover in the trend of making pre-existing business software easier to use.
Indianapolis-based PactSafe, a legal-tech startup launched this year by a former Taft Stettinius & Hollister LLP attorney, raised $880,000 in its seed round and was accepted into a competitive Silicon Valley accelerator.
Indianapolis-based MOBI landed the capital from New York-based private equity firm Bregal Sagemount, which has made previous investments in LifeLock, Orbitz and Vivint.
The investment was in line with comparable quarters in recent years, but there’s evidence that at least one significant deal didn’t make the list.
One of the state’s largest privately held banks could bring in as many as 500 new shareholders to help fund growth. A planned acquisition fell apart early last year.