Indiana’s unemployment rate shows monthly decline
The state’s labor force participation rate increased slightly, to 63.6%, in April and remains above the national rate.
Alex Brown, Inside INdiana Business
Articles
Community Health opens rehab hospital in Brownsburg
Community Health said the 50,000-square-foot hospital at 8920 E. 56th St. has 40 beds and is designed to address a growing need for inpatient rehab services throughout central Indiana.
Cummins filtration business targets $341M in IPO
In April 2022, Cummins announced plans to spin off the business, then known as Cummins Filtration, which provides filtration products for trucks, off-highway industrial equipment and power generation systems.
Penguin expert wins Indianapolis Prize for animal conservation
The Indianapolis Zoological Society Inc. on Monday announced Pablo Borboroglu, founder and president of the Global Penguin Society, as the 2023 winner of the Indianapolis Prize.
Groundbreaking set for Broad Ripple mixed-use project
Known as Versa, the project will include more than 230 apartments, a 245-space parking garage, and 3,600 square feet of ground-floor retail space.
OrthoWorx CEO: State funding to create boost for orthopedics industry
The CEO of orthopedic industry group OrthoWorx says the $30 million appropriation from the state’s new two-year budget has created excitement within Indiana’s orthopedic industry.
Local logistics firm Draco moves some operations to Mount Comfort building
Developer Ambrose Property Group began construction on the $60 million facility, known as Mount Comfort Logistics Center Building V, in March 2022.
Westfield forms new sports commission
Mayor Andy Cook said the commission is a natural progression of the city’s sports tourism industry, which has been built around Grand Park Sports Campus.
Manchester University names new president
Stacy Young, a 1996 graduate of Manchester University, will become the school’s 16th president on July 1. She currently serves as president of Montcalm Community College in Sidney, Michigan.
Department of Child Services director stepping down; successor named
Terry Stigdon plans to step down at the end of the week, the governor announced Monday. Under Stigdon’s leadership, the number of children in foster care has decreased by more than half since 2017.
Holcomb appoints new DWD commissioner
Richard Paulk succeeds David Adams, who is stepping down after less than a year as commissioner of the Indiana Department of Workforce Development.
Phoenix Theatre Cultural Centre searching for first CEO, names interim chief
William Powell, a longtime business leader and arts management consultant in Indianapolis and Columbus, Ohio, has been appointed to lead the not-for-profit organization for the rest of 2023.
Purdue lands $100M for cancer drug Pluvicto royalties
Purdue University plans to use the funding to further support research at the university.
Purdue University improves to top 5 in rankings for U.S. patents
The ranking comes less than a week after the university unveiled its Purdue Innovates initiative, designed to streamline access and support for commercialization of intellectual property developed by faculty, students and alumni, as well as startup creation.
Safety Management Group acquires Trinity Safety Group
The combination of the two Indianapolis-based firms is expected to to result in increased job opportunities for environmental, health and safety professionals.
Indiana-based Oliver Winery planning $12.6M expansion
The winery said new products such as the Melon Mint Moscato, along with its mainstays like Oliver Sweet Red, have fueled the company’s continued growth.
Mayor: ‘Negligent business owner’ responsible for massive Richmond fire
The fire, which sent massive clouds of black smoke into the sky, occurred at a former factory site that lately had been used to store plastics and other materials for recycling or resale.
State revenue beats projections again
The Indiana State Budget Agency better-than-expected collections from sales tax, individual income tax, corporate tax, and interest revenues were the primary drivers of March’s performance.
State ‘destination’ agency awards public art, placemaking grants
The Indiana Destination Development Corp., a public-private agency that promotes the state as a place to live and visit, is awarding more than $414,000 to support nearly 40 public art activation and placemaking grants in 26 counties.
Department of Insurance calls for grace period for storm-affected counties
The department said those individuals will receive a 60-day extension to make premium payments without risk of penalties or policy cancellation.