Indiana allocates $500 million in READI 2.0 funding
Fifteen regions will share in $500 million in funding from the second round of the Regional Economic Acceleration and Development Initiative.
Alex Brown, Inside INdiana Business
Articles
Governor, IEDC to announce READI 2.0 grant allocations
Fifteen regions representing all 92 counties have submitted proposals for the $500 million program, which the state estimates will generate at least $3 billion in local public and private investment.
Chip maker SkyWater cancels plans for Indiana plant—at least for now
Skywater Technologies had been expected to invest $1.8 billion in a plant at Discovery Park District at Purdue University, but the company said then the deal was contingent on funding from the CHIPS and Science Act.
Fort Wayne Mayor Tom Henry dies after cancer battle
The news of Henry’s passing came just hours after his family said the mayor had entered hospice care following a cancer-related medical emergency early Wednesday.
New investment platform considered ‘milestone’ for Corteva
Through the platform, Corteva plans to partner with entrepreneurs and innovators to “accelerate the development of early-stage, disruptive technologies that enable farmers to sustainably produce more food and feed.”
Six local school districts chosen for grants to develop plans to boost college enrollment
The grants are part of the $10 million second phase of the Richard M. Fairbanks Foundation’s College Matters: Reversing the Trend initiative.
Kroger to sell specialty pharmacy business to Elevance subsidiary
Kroger said the specialty pharmacy business is separate from its in-store retail pharmacies and The Little Clinics, which are not included in the proposed sale.
Ascension campaign for new Women and Children’s Tower reaches nearly $26M
Former Indianapolis Colts Quarterback Peyton Manning on Thursday announced the Care for Tomorrow campaign has received nearly $24 million in donor funding since its launch a year ago.
Johnson County employer resource program shifting to new operator
The program, established in 2020, allows companies to access a success coach, who can assist employees with a variety of needs such as housing issues, food banks, or financial literacy resources.
New $29M Legend Fund aims to provide more capital to Indiana small businesses
The IEDC said the Legend Fund will give non-traditional lenders an incentive to provide operating capital to Indiana-based businesses. Eligible lenders could have a portion of the loans they issue purchased by the IEDC, freeing up capital to support more entrepreneurs and small businesses.
Biopharma company plans $250M expansion in Bloomington
Simtra BioPharma Solutions on Wednesday announced plans to expand its sterile fill/finish manufacturing campus in Bloomington and add about 130 jobs.
Munitions campus planned for Indianapolis, Crane
The American Center for Manufacturing & Innovation in Austin, Texas has announced plans for what it calls a first-of-its kind project that could bring hundreds of millions of dollars in private investment to Indiana.
Caterpillar planning $725M expansion in Lafayette
Caterpillar said the project would help retain the nearly 1,900 employees who currently work at the facility and create another 100 jobs.
TechPoint Mira Award nominees for 2024 unveiled
The annual Mira Awards honor the best in tech in Indiana. Indianapolis-based TechPoint said the record number of entries for two of the key awards underscores the “vibrancy of Indiana’s tech sector.”
Scooter’s Coffee to add distribution center in Whitestown
Scooter’s Coffee said Thursday the 183,000-square-foot facility in Whitestown will be the largest of its kind for the company’s supply chain affiliate, Harvest Roasting, and will add up to 114 jobs by the end of 2027.
New leadership named at Subaru of Indiana Automotive
The company, which has 6,000 employees in the state, has named a new chairman and CEO, and a new president and chief operating officer.
DePauw lands $200M in gifts to support strategic plan
The funding includes $150 million from a single donor, marking the largest gift ever given to the university.
Job cuts part of Hillenbrand’s ‘restructuring’ plan
Indiana-based Hillenbrand Inc. is planning to launch a program designed to reduce costs and improve operational efficiency after what is being described as a weaker-than-expected performance from one of its primary business segments.
Massive Indiana plant included in $16.5B Catalent acquisition
The Catalent biologics campus covers 62 acres and has four buildings totaling almost one million square feet. The facility was opened by Cook Pharmica in 2004 and acquired by Catalent in 2017.
Indiana-based Haynes International to be acquired for $970M
The 112-year-old manufacturer, which is one of the largest public companies in the state, has agreed to be acquired by North American Stainless in Ghent, Kentucky.