Beck’s Superior Hybrids plans $24.5M expansion
A Hamilton County seed company has plans to expand its facilities, creating as many as 72 jobs over the next five years, state economic development officials said Friday morning.
IBJ Staff
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Indy Racing League signs deal with Verizon
Financial terms of the deal were not released, but industry sources said the multiyear deal is valued at $1 million annually for the open-wheel race series.
Simon, former executive settle fraud suit
Mark Palombaro, a former senior vice president of development, will pay the company $766,000, settling a lawsuit that accused him of getting kickbacks on construction contracts.
Fishers shopping center lands new tenants
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
Indianapolis Museum of Art to present at international competition
A team of Puerto Rican artists sponsored by IMA will represent the United States in an exhibition in Venice.
EDITORIAL: Revive 21st Century Fund, boost entrepreneurship
One damper on Indiana’s entrepreneurial growth has been the shrinking of the 21st Century Research and Technology Fund, which has lost half its support because of state budget woes. As soon as state revenue permits, the state should bring this key program back to its funding level of $37 million a year, or boost it even higher.
NFP of Note: Agape Therapeutic Riding Resources Inc.
Agapé Therapeutic Riding Resources Inc. is committed to providing a comprehensive, experiential equestrian program for those who have disabling conditions or are at risk.
test Former bank exec receives 22-month sentence
A former executive of Old National Bancorp was sentenced in federal court Thursday to 22 months in prison after he pleaded guilty to charges of making fraudulent bank entries.
Former bank exec receives 22-month sentence
Robert E. Tolle pleaded guilty Thursday in federal court of making fraudulent bank entries while serving as a loan officer at the Indianapolis office of Evansville-based Old National Bank.
Area home sales still falling
Home-sale agreements in the nine-county area fell 23 percent in August. The decline marked the fourth straight month home sales have fallen in central Indiana.
Smulyan delays Emmis buyout vote again
A Wednesday evening shareholders meeting has been postponed until Thursday at 8:30 a.m., when the Emmis CEO again will try to take the company private.
Symphony on the Prairie sets attendance record
Indianapolis Symphony Orchestra’s popular outdoor concert series set an attendance record this summer, surpassing the 100,000-mark for just the third time since 1982.
Business bank reports second-quarter loss
Indiana Business Bank’s restructuring of a real estate loan leads to loss of $484,678 in the second quarter.
Van Rooy buys Greenwood apartment complex
Indianapolis-based company purchases 438-unit Westminster Apartments from court-appointed receiver. The listing price of the property was $8.2 million.
Hurco reports smaller loss on higher revenue
The Indianapolis-based machine tool maker said the increase in sales primarily was driven by increased demand for computerized metal cutting machines, particularly in the Asia Pacific region.
Dow Agro acquires Colorado seed company
Grand Valley Hybrids has been growing and conditioning hybrid seed corn in the West since 1946.
EDITORIAL: University research funding is on right path
Indiana’s public universities aren’t garnering enough research funding, and the research they’re conducting isn’t churning out high-paying jobs in quantities everyone would like, but Hoosiers shouldn’t be wringing their hands in despair.