United Way divvies up $5.8M in homelessness funds to 20 groups
Twenty local agencies that help fight homelessness will receive $5.8 million in federal stimulus funds, the United Way of
Central Indiana announced today.
IBJ Staff
Articles
Black engineers group chooses city for 2013 convention
The Indianapolis Convention & Visitors Association said today the National Society of Black Engineers will hold its annual
convention here in March 2013.
Kansas City out of running for Harley-Davidson plant
Central Indiana’s chances for landing a Harley-Davidson motorcycle plant have been improved by the elimination of Kansas
City from the list of potential sites.
Ex-Homeland Security chief Ridge named to Brightpoint board
Indianapolis-based wireless phone distributor Brightpoint Inc. has appointed Tom Ridge, the first secretary of the U.S. Department
of Homeland Security, to its board of directors, the company announced this morning.
Tax abatement could help manufacturer add 43 jobs
The Indianapolis plant of Rexnord Industries LLC is promising to create 43 jobs and retain hundreds more if the city grants
a five-year tax abatement.
Delaware County latest to join public-transportation group
Delaware County has become the 10th county to join the Central Indiana Regional Transportation Authority, the quasi-governmental
organization announced today.
Conseco consolidation to save $2.5M a year
Conseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment
but will save the company about $2.5 million annually.
Anthem, St. Francis reach agreement in principle
The St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana,
ending a disagreement over insurance reimbursement costs, the parties said today.
University Loft plans 30 jobs in Greenfield
Indianapolis-based University Loft Co. expects to add 30 full-time jobs at its Greenfield manufacturing facility thanks to
a federal pact with the U.S. Marine Corps. The company recently was awarded a multi-million-dollar contract to supply metal
furniture for the Marine Corps’ Camp Lejeune base in North Carolina.
Indiana’s $132M energy-conservation plan OK’d
Indiana will use nearly $132 million in federal stimulus funding to help more than 30,000 low-income households weatherize
their homes and obtain more efficient appliances.
Local contractor Enterprise acquires Freije
Indianapolis-based Enterprise Electrical & Mechanical Co. has acquired The Freije Company, a 50-year-old local firm that
specializes in refrigeration-systems design, installation and service.
Hurco suffers quarterly loss as sales plummet
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco
lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million,
or 90 cents a share, during the same quarter last year.
Purdue business school dean to step down
Richard A. Cosier, dean of Purdue University’s Krannert School of Management for the past decade, plans to leave the post
June 30, 2010, the university announced today.
Shoe Carnival’s profit flat in second quarter
Evansville-based Shoe Carnival Inc. today reported flat profit and declining same-stores sales in its fiscal second quarter.
Two businesses open at Flagship Enterprise Center
The Anderson-based Flagship Enterprise Center is on a roll. In the last two months, the small-business incubator
and growth-stage accelerator signed up two new clients: software developers Soveryn Inc. and Coeus Technology.
Venture firms recapitalize Advanced Physical Therapy LLC
Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based
bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
Indianapolis Monumental Marathon hires executive director
Julie Patterson, a former radio personality who’s been working for WISH-TV, will lead the marathon, which will be a qualifying
event for the Boston Marathon in 2010 and 2011.
Kahn’s wine emporium plans store on 86th Street
Kahn’s Fine Wine & Spirits plans to open a second location in a former O’Malia Food Market at the northeast
corner of 86th Street and Township Line Road.
Not-for-profit wins $80K prize
College Mentors for Kids won $80,000 in products and services from a host of local companies in the Indy Business Makeover
Competition. The winner was selected from among 10 finalists through online voting.