FedEx Supply Chain to lay off 179 employees in Indianapolis
The company said the decision is part of a move to discontinue its management and operation of a facility on the city’s west side.
Alex Brown, Inside INdiana Business
Articles
Indiana City Brewing looking for buyer
Indiana City Brewing Co. owners say their on-site taproom on the city’s near-east side will remain open and fully operational throughout the sale process.
Catalent laying off 400 employees in Bloomington
Since 2020, Catalent had been rapidly expanding operations as it produced vaccines for both Johnson & Johnson and Moderna Inc.
Inotiv plans to close two Indianapolis facilities in consolidation
The pharmaceutical testing company said it plans to close two isolator facilities in Indianapolis and consolidate them with existing facilities in the United States.
Blue & Co. acquires Indianapolis accounting firm
Carmel-based accounting firm Blue & Co. LLC has acquired Alerding CPA Group in Indianapolis.
Temporary space set up for Lafayette Square Mall tenants
Owner Sojos Capital said more than 20 Lafayette Square Mall tenants will set up shop on the first floor of the former Sears building and will not be required to pay rent.
Purdue, Accenture partner on smart manufacturing
Purdue said the company has committed to provide funding to establish the Accenture Smart Factory on the West Lafayette campus as well as the Accenture Smart Manufacturing Scholars Program.
Homegrown fast-food chain closing seven Indiana locations
Penguin Point, a Warsaw-based fast-food chain that dates back to 1950, is now down to nine restaurants.
Semiconductor firms plan to spend $300M, hire nearly 550 at tech campus
The Indiana Economic Development Corp. says the WestGate One campus in Odon will accelerate the re-shoring of semiconductor research and manufacturing in the U.S.
Indiana’s unemployment rate rises to 3%
Despite the rate’s increase, the state gained 6,900 private-sector jobs last month, the Indiana Department of Workforce Development reported.
GM to invest $45M to expand EV parts production at Indiana plant
The investment will be used to support additional production of electric vehicle drive unit castings ahead of what GM anticipates will be strong demand for the Chevrolet Silverado EV and GMC Sierra EV full-size pickup trucks.
Roche launches brand for at-home COVID test
The test is the first over-the-counter test distributed in the U.S. by Roche Diagnostics, which has its North American headquarters in Indianapolis.
Kelley School economic forecast underscores uncertainty for 2023
The annual Business Outlook forecast from Indiana University Kelley School of Business, released Thursday, says predictions are tougher than usual to make due to aggressive increasing of interest rates by the Federal Reserve.
IPS superintendent seeks tax increase to fund school reorganization plan
The tax referendum—which would be on the May 2023 ballot—would increase the median homeowner’s bill by $6 per month, IPS officials said.
Franklin-based industrial supplier acquired by Alabama company
Quality Mill Supply Co., which was started in 1944 and operates five locations in Indiana, is the fourth Indiana business to be acquired by Martin Supply or its parent company in the past three years.
Ground broken on $50M McCordsville district
The overall, $50 million master development is receiving $8.5 million in public funding, including $3.5 million from the Indiana Regional Economic Acceleration and Development Initiative, or READI.
Radial looking to fill seasonal positions in Brownsburg
Radial, which fills online orders for dozens of retail brands, opened its 700,000-square-foot Brownsburg distribution facility in 2019.
Indiana unemployment rate unchanged in September
September was the 12th consecutive month in which Indiana had an unemployment rate below 3%.
Butler to host Big East championships at new Esports Park
The 7,500-square-foot Butler Esports Park will officially open to the community on Friday. The facility includes PC and console gaming and event space, as well as co-working spaces, a studio and production room, and a cafe.
Fishers startup plans 300 jobs, move to new headquarters
Fishers-based tech startup Spokenote LLC on Thursday announced plans to spend nearly $3 million to relocate its headquarters in Fishers.