Venture capital for Indiana startups surged in 2017 on fewer deals
Thanks to a strong fourth quarter with a $40 million deal, the amount of venture capital invested in Hoosier firms surged 50 percent in 2017 over the previous year.
Susan Orr
Articles
Allegiant adding nonstop flights to Sarasota, Charleston
The Sarasota service, which will operate year-round, begins April 11. The Charleston service, which begins April 6, will run seasonally from Easter to October or November.
Tech startup SnapShyft to hire 20 employees this year
Founded in 2016, the Indianapolis-based company created an app that matches food-service establishments with professionals seeking work.
Centerfield raises $310M, includes 2 local companies among investments
The local recipients are produce distributor IF&P Foods, parent of Indianapolis Fruit and Piazza Produce; and Wild Sports, which makes sports-themed tailgating games and accessories.
Re/Max brokerages merge to form 80-agent firm from west side to downtown
The two brokerages sold a combined 1,671 homes in 2016 with a total value of $277 million.
Calumet Specialty shows $23M loss in delayed quarterly report
The Indianapolis-based refinery company said Hurricane Harvey supply-chain disruptions and trouble with a new software system hurt its performance.
2017 TOP STORIES: Airport announces nonstop flight to Paris
The year-round Delta Air Lines flights, to be offered at least three times a week, will begin May 24.
2017 TOP STORIES: Allegiant plans $40M base
Low-cost airline Allegiant Travel Co. announced in August that it planned to open a $40 million aircraft base here, setting the stage for growth in this market. The Las Vegas-based airline has planned to hire 66 people to support the two-aircraft base, which is expected to go into operation in February 2018. The new jobs […]
2017 TOP STORIES: Cummins plans all-electric powertrains for 2019
It’s a bold step for the Columbus, Indiana-based engine-maker, which has been known for its diesel engines since its founding in 1919.
2017 TOP STORIES: Republic emerges from bankruptcy
Republic trimmed its fleet to 170 aircraft, with another 18 planes set for delivery by year’s end. It trimmed its daily schedule to 900 flights.
2017 TOP STORIES: IndyGo issues bids, picks Red Line firms
IndyGo selected Indianapolis-based F.A. Wilhelm Construction Co. Inc. and Goshen-based Rieth-Riley Construction Co. Inc., which has an office in Indianapolis, as the apparent low bidders.
2017 TOP STORIES: Troubled Celadon hires new CEO
In May, Celadon disclosed that its auditor, BKD LLP, had raised questions about a complicated joint-venture arrangement involving the sale of leased equipment.
2017 NEWSMAKER: Chuck Jones
Chuck Jones, who had been president of United Steel Workers Local 1999 since 1996 and vice president for 11 years before that, retired last summer at age 65.
Rodizio Grill hoping to reopen locally after Carmel closure
Rodizio Grill, a Utah-based Brazilian steakhouse chain that recently closed its Carmel location, is hoping to reopen the restaurant in the future under a new franchisee, the company told IBJ this week.
German eatery planned for former Bent Rail restaurant site
North-side Indianapolis eatery Bent Rail Brewery & Restaurant has closed, but plans are already in the works for a German-themed brewpub to take its place under new ownership.
Fifth Third Bancorp announces local executive promotions
Steve Alonso, the bank’s Indiana regional president, will take on a national-level position effective Jan. 1. Kevin Hispkind will be promoted to fill Alonso’s old job.
Honda to add third model to lineup at Greensburg plant
The automaker will debut a prototype of the 2019 Honda Insight at the North American Auto Show on Jan. 15. Manufactured in Greensburg, the high-end hybrid is set to hit the market next summer.
Indianapolis man sentenced to four years in prison on federal fraud charges
Prosecutors say the man defrauded a business out of nearly $600,000 by selling it fraudulent invoices.
Indianapolis man sentenced to four years in prison on fraud charges
Prosecutors say he defrauded a business out of nearly $600,000 by selling it fraudulent invoices.
Former Eleven Fifty Consulting employee files discrimination suit
Tech entrepreneur Scott Jones maintains the woman’s allegations that the consulting firm treated her unfairly and hoped to use her to perpetrate fraud are without merit.