Survey: Indiana manufacturers concerned about possible recession in 2024
Respondents to the survey identified persistent inflation, high interest rates, and a continued shortage of workers among the key challenges for the manufacturing industry.
Alex Brown, Inside INdiana Business
Articles
Auto dealer creates program targeting technician shortage
The National Automobile Dealers Association says the automotive and truck retail industry needs to replace nearly 76,000 techs annually to keep up with retirements and new job demand.
Ascend Indiana names new CEO
Brad Rhorer, currently chief operating officer and chief talent officer for Conexus Indiana, will become the next president and CEO of Ascend Indiana, a talent and workforce development initiative.
IEDC boosting funding to support entrepreneurism, innovation
Among the updates are a boost in annual funding for venture development in partnership with venture firm Elevate Ventures and the creation of a $3 million pre-seed fund.
Local ag-tech startup lands key federal approval to accelerate testing
The U.S. Department of Agriculture has ruled that farmers can begin trials on genetically modified corn plants developed by an ag-tech startup in the Hamilton County town of Atlanta.
Chamber: Indiana not improving as quickly as other states
A new report from the Indiana Chamber of Commerce says Indiana is making good progress toward its economic goals, but that progress isn’t coming fast enough to compete with other states.
Boilermaker Alliance names growth strategist Neff as new CEO
The not-for-profit organization that helps Purdue University student-athletes use their name, image and likeness to boost charitable organizations has a new leader.
Purdue board OKs $168M biz school construction, 13th straight tuition freeze
The project will double the size of the current business school at Purdue University, which hasn’t had a tuition hike since 2012.
Commercial air service slated to return to Purdue Airport
Purdue is partnering with California-based Surf Air Mobility Inc. to begin scheduled commuter air service between West Lafayette and O’Hare International Airport in Chicago in early second quarter 2024.
Choc-Ola maker looking to bring iconic drink back to stores
The owners of Rock-Cola Cafe on the east side of Indianapolis have lined up a manufacturer that is willing to partner with them on mass distribution of Choc-Ola. They are targeting a first-quarter launch.
zWorks to open second coworking center in Zionsville
zWorks said the location features open work areas, a large conference room, two private offices and a quiet, reservable room for meetings and calls.
Farmer sentiment rises in latest barometer, but concerns remain
Ag producers are more optimistic about their financial performance and prospects, according to the latest Purdue University/CME Group Ag Economy Barometer.
Fairbanks Foundation launches $10M second phase of College Matters initiative
The second phase will provide funding for up to six public high schools in Marion County to develop their own plans to get more students into college.
UIndy promotes Karl Knapp to dean of business school
Knapp, who has been with UIndy for 17 years, said he plans to expand the university’s focus on artificial intelligence and applied learning for students.
Cold storage company plans $38M expansion in Lebanon
United States Cold Storage announced Tuesday it has received approval from the Lebanon City Council for its plan to add 60,000 square feet to the facility and create 30 jobs.
Cook Medical sells portion of reproductive health business for $300M
The move comes three months after a proposed $875 million sale of Cook’s entire reproductive health business to Cooper was called off.
FFA convention arrives downtown this week with expected 70K visitors
The four-day event is expected to generate nearly $40 million in economic impact, according to Visit Indy.
Internet service provider to expand service in rural Indiana counties, hire 200 workers
Mainstream Fiber Networks, based in the Brown Country town of Nashville, says a investment from a New York firm will help bring broadband access to thousands of underserved rural Indiana communities.
Canadian Solar plans $800M production facility, 1,200 jobs in Indiana
A global developer of large-scale solar power plants and battery storage projects is expanding into southern Indiana, the Indiana Economic Development Corp. announced Monday.
Friends of Indy Animals raises $6.7M for new shelter; mayor announces new location
The not-for-profit has already reached 95% of its fundraising campaign’s $7 million goal for the $37 million project, which is now set to be built at 5001 E. Raymond St.