Noblesville reaches deal to keep manufacturer in city
Noblesville-based IDI Composites International said it plans to spend more than $24 million to build a manufacturing facility in a new business park along State Road 37, north of 150th Street.
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Westfield seeking buyer or new manager for Grand Park Sports Campus
The Westfield Redevelopment Commission issued a request for proposals Thursday, seeking “proposals from qualified respondents interested in purchasing the sports campus … or in entering a public-private agreement to operate Grand Park.”
New Conner Prairie exhibit to focus on hundreds of years of Black history
With financing from Lilly Endowment and support from the Smithsonian Institution, Conner Prairie’s Promised Land as Proving Ground exhibit is expected to be fully open in 2023.
Ukrainian American Rep. Spartz takes on leading role in GOP response to Russian invasion of her home country
On Tuesday night, she will be part of the group of lawmakers who will escort President Joe Biden into the House chamber for a State of the Union address that is expected to focus heavily on the conflict happening in her home country.
Carmel-based KAR Global agrees to sell ADESA auction unit to Carvana to focus on digital marketplace
About 4,500 employees of ADESA and KAR will be transferred to Carvana as part of the sale. That’s just under 50% of the company’s total head count. According to IBJ research, KAR has about 9,600 employees worldwide and 1,150 employees in Indiana.
First Internet leans into banking-as-a-service trend
Under the relatively rare model, a bank offers its expertise and capabilities to a fintech, allowing the fintech to provide iservices that require the involvement of a federally regulated and insured institution.
Westfield’s Rail restaurant plans a revival and return to its roots
No longer in a renovated barn, the Rail reboot will be reminiscent of original business model that combined sandwiches with a market.
KAR Global bounces back with profitable year
Carmel-based KAR Auction Services Inc. on Wednesday reported better-than-expected fourth quarter earnings and full-year results that were much better than the previous year’s.
Fifth Third Bank puts its name on box offices at the Center for the Performing Arts
For at least the next five years, Fifth Third Bank will be naming-rights sponsor of box offices at Carmel’s Center for the Performing Arts.
Stout’s Shoes plans Carmel comeback in The Signature development
The long-running footwear store will own space below the residential condominiums at the Old Meridian Street location and lease some of it to other retailers.
St. Vincent wants judge to order investigators to cooperate in case of fired physician
It’s the latest twist in a long-running story involving Dr. Timothy Story, who worked for St. Vincent Medical Group for a decade, but was fired in August 2020 after St. Vincent learned of a federal investigation into his prescribing practices.
Torchy’s Tacos planning to open Fishers location in March
Torchy’s, which launched as a food trailer in Austin in 2006, opened its first Indiana restaurant last April in Jeffersonville.
Westfield football coach Gilbert announces mayoral bid
Jake Gilbert, head football coach at Westfield High School, has coached the Shamrocks since 2010 and was elected to the city council in 2019.
Real estate exec Woodard seeks adaptive reuse for old fan factory
Real estate executive Turner Woodard has closed on the acquisition of the former Horton Fan Factory in Carmel and plans to market it to an array of potential users.
Crumbl Cookies continues local expansion with Carmel store next on list
The Utah-based gourmet cookie franchise arrived in Indiana with five stores in 2021, starting with a Fishers location a year ago.
Westfield names new director for Grand Park Sports Campus
Matt Trnian has worked in various management positions at Grand Park Sports Campus since its opening in 2014.
Carmel-based GyanSys acquires Vancouver-based Salesforce partner
With the acquisition of British Columbia-based Groundswell Cloud Solutions, GyanSys now has more than 250 employees who work in the firm’s Salesforce practice.
Carmel-based DriverReach lands $7.5M in equity funding
DriverReach, founded in 2016, offers a platform that makes it easier for customers to hire commercial truck drivers. The company said it plans to use its additional funding on hiring and product research and development.
Fishers shopping center sold for $7.5M to out-of-state firm
The buyer, who is based in Houston, has had multiple restaurants in downtown Indianapolis, including a Mo’s, A Place for Steaks, along with Nook and most recently Pomodoro.
Carmel-based maker of cannabinoid products to hire as many as 270
3C Labs LLC, a cannabinoid research and manufacturing firm, intends to invest $1.5 million in expanding its Indy-area operations, according to a contract with the Indiana Economic Development Corp.