Articles

EnerDel parent lines up more financing

The parent company of lithium-ion battery maker EnerDel Inc. has raised another $65 million to help finance operations and ramp up its manufacturing operations in the Indianapolis area.

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Marian University goes on fundraising tear

Marian University pulled in a whopping $54.2 million in pledges for the fiscal year ended June 30, largely related to its
effort to launch Indiana’s first college of osteopathic medicine. The year before, the Catholic institution raised $14.4
million, an in-house record.

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Cash options floated for workers at GM stamping plant

Fliers circulating at General Motors' Indianapolis plant show that union members will be offered cash payments of $25,000
to $35,000 and an opportunity to keep a foot in the door with GM, if they agree to work for JD Norman Industries.

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After another loss, JA plans for recovery

The not-for-profit hangs its hopes on efforts including more aggressive fundraising after reporting a $389,000 deficit for
its 2010 fiscal year. “It’s been a rough spell,” said CEO Jennifer Burk.

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Purdue aims to boost solar progress

Purdue University will join the quest for cheap solar-generated electricity with an initiative aimed at speeding up research
across the industry. The Network for Photovoltaic Technology will launch this fall, focused on creating computer models to
eliminate costly and slow trial-and-error research in the solar industry.

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Museums struggle to capture foot traffic from busy Central Canal

Summer on the Central Canal is like a beachfront boardwalk, teeming with life. People push strollers, hold hands and walk
their dogs. There are boats and bikes and Segways for rent. And four museums are steps away from the water. Yet most of them
capture few of the passersby.

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GM plant offer sets off union power struggle

The UAW in Detroit said Local 23 will vote Monday on Illinois-based JD Norman's proposal to buy an Indianapolis stamping
plant where more than 600 work, but a local rep says workers don't want to negotiate.

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Slumping chocolate firm hopes to recapture early momentum

Endangered Species Chocolate, which saw growth spike from 2005 through 2007, lost 20 percent of its revenue in 2009. Sales
dropped from $14 million in 2008 to $11 million last year. New Curt Vander Meer has plans to bring the company back to its
former glory, one chocolate bar at a time.

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State steps up chase for data centers

Jam-packed with expensive equipment, data centers represent huge capital investments in a relatively small footprint. That
can mean steep property tax bills, though Indiana allows communities to exempt a portion of that tax. Jobs-hungry Indiana
is eager to attract more of these climate-controlled computing fortresses.

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