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.
Alex Brown, Inside INdiana Business
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Indoor vertical farm plans $70M facility, 120 jobs in Indiana
The company said the new location will allow it to expand its bagged salad and salad kit offerings to retailers and consumers throughout the Midwest and mid-south regions.
Speedway’s economic development director heading to McCordsville
During his tenure, Tim Gropp oversaw multiple major projects for the town, including the recently-opened Allison Transmission Innovation Center, the Abel Motorsports building and the $50 million Founders Square development.
Battery maker relocating to Indy, planning more than 100-plus jobs
EnPower Inc. is moving from Phoenix into a facility previously operated by EnerDel Inc. on the city’s northeast side.
Indianapolis marketing agency plans expansion after major investment
TrendyMinds Inc. has secured an eight-figure investment and plans to establish new regional offices in Florida and Texas while increasing employment in Indianapolis.
Entertainment firm relocating to Indianapolis, plans to hire up to 30
Creative Works, which designs and manufactures entertainment and recreation venues, will bring with it more than 70 jobs, and the firm expects to create up to 30 more by the end of the year.
Indy-based Direct Connect Logistix acquires Utah business
While DCL said it plans to grow the Utah location, the company’s headquarters will remain in Indianapolis, where it employs 160 and is expanding its workforce.
Cummins awards more than $1M to boost Martindale-Brightwood neighborhood
The grant will be used to fund mortgages to low-income residents who are buying one of 12 newly-constructed homes that are being built on previously-vacant properties in the neighborhood.
BKD CPAs & Advisors merges with North Carolina firm
BKD said its combination with Dixon Hughes Goodman will create a top 10 national professional services firm. BKD’s local office is the fourth-largest accounting firm in the Indianapolis area, according to IBJ research.
Developer planning 47-acre business park for autosports by Brownsburg raceway
Indianapolis-based Garmong Development expects Commerce Park at Brownsburg Raceway to attract more than $100 million in investment related to manufacturing and research and development for the autosports industry.
Whiteland approves tax break for spec warehouse near Interstate 65
Cincinnati-based Uptown Commercial Partners plans to invest nearly $29 million to build the facility on a 40-acre site just east of the Graham and Whiteland roads intersection, and west of Interstate 65.
TechPoint names Mira Awards nominees from 76 Indiana companies
The nominees for the Indiana-based awards include newly-launched startups and growing scale-up companies that have developed technologies for a variety of industries, including health care, transportation and logistics, and business intelligence and operations.
Indianapolis-based Key Auctioneers acquired by northeast Indiana company
Krueckeberg Auction and Realty, a 45-year-old auction house headquartered in Decatur, said the acquisition could potentially double its business.
McGuinness stepping down as chief of Indiana Department of Transportation
Mike Smith, deputy commissioner and chief financial officer for INDOT, will succeed Joe McGuinness.
New site proposed for Terre Haute casino
Kentucky-based Churchill Downs Inc. has filed to rezone nearly 50 acres near Interstate 70 and State Road 46 to build the Queen of Terre Haute Resort.
American Resources partners with Heritage Group venture arm
Fishers-based American Resources Corp. said the effort will put the partners on the path to becoming the first and lowest-cost producer of domestically-sourced, purified and sustainable battery and magnet metals.
Amazon plans 510,000-square-foot sorting center in Franklin
Amazon plans to add hundreds of jobs at the facility, including receiving, sorting and shipping, and network logistics support.
Hoosier technology sector shatters investment record
TechPoint, the state’s not-for-profit tech accelerator, said the state saw more than $958 million in venture capital investment last year, which is nearly triple the previous record set in 2019.
Eli Lilly inks R&D pact with Canadian pharma company
Indianapolis-based Eli Lilly and Co. will make an initial $50 million payment to Entos Pharmaceuticals. Entos also could receive up to $400 million in potential milestone payments, as well as royalties, for successful products.
Good’s Candy Shop to reopen under new ownership
Louie Keen, owner of acquirer Uranus Fudge Factory and General Store, said last week the store will reopen soon, with a soft opening planned for Feb. 1 and grand opening set for April 1.