Maker of alternative proteins taps Richmond for $115M fermentation plant
Liberation Labs hopes to build a network of facilities make products for “existing major food brands as well as the growing network of food-tech innovators.”
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Lilly Endowment provides $20M grant to help youth-support workers
A coalition of five agencies in Indiana that serve youth plans to use the grant to support the well-being of professionals in the industry.
Lilly to invest another $450M in North Carolina factory
The move will create at least 100 new jobs at the plant, located in Research Triangle Park, the largest research park in the country.
Crouch leads governor race with cash on hand, but Braun picking up steam
U.S. Sen. Mike Braun’s campaign logged more than $2.9 million in contributions—some of it transferred from his own federal accounts—during the period running from July through the end of 2022, according to filings.
Local firm plans affordable apartments on east side near Blue Line route
The project would occupy a vacant 1.5-acre parcel next to the former LoBill grocery store that is now home to the Marion County Board of Elections headquarters.
Indiana bills backed by national pet store chain draw pushback from animal advocates
A national pet brand chain is a driving force behind two Indiana bills that would block local communities from enforcing outright bans on the retail sale of pets. Such ordinances already exist in cities like Bloomington and Carmel
Council committee OKs $18.8M in TIF bonds for City Market East
A City-County Council committee passed a group of proposals Monday night to set the stage for the upcoming $180 million City Market East project.
Crypto firms acted like banks, then collapsed like dominoes
Last week, Genesis filed Chapter 11, joining Voyager Digital, Celsius and BlockFi on the list of companies that have either filed for bankruptcy protection or gone out of business.
Elevance Health buys Louisiana insurer, pushing operations into 15th state
The two companies said the combination builds on a seven-year collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members.
Black Acre Brewing Co. to close all locations
Black Acre’s original tap room, a production facility and a speakeasy-style bar will cease operations in February.
Furniture retailer closing Indianapolis-area stores
The move into the Indy area in 2014 was supposed to the first step in a multi-market expansion for Weekends Only Furniture & Mattress. The whole chain is now slated for liquidation.
Indiana life sciences companies raise record $620M in venture capital in 2022
The amount raised last year is roughly 43% larger than the previous record of $433 million, set in 2021, according to BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s life-sciences sector and tracks the funding.
Cummins debuts Indy education program for servicing diesel engines
The program in the engine maker’s global Technical Education for Communities initiative will be geared primarily for juniors and seniors at Arsenal Tech High School in Indianapolis.
Black legislators’ top priorities include auto-enrollment in state college tuition program
The push for automatic enrollment of eligible students in the state’s 21st Century Scholars program might be able to navigate the Legislature’s Republican supermajority due to Gov. Eric Holcomb’s backing.
Is tide turning against tipping as requests become automatic?
As more businesses adopt digital payment methods, customers are automatically being prompted to leave a gratuity—many times as high as 30%—at places they normally wouldn’t.
FDA proposes switching to annual coronavirus vaccine, mimicking flu model
The proposed change is designed to reduce the complexity of the vaccine regimen for the public, doctors and manufacturers. It also reflects a view that “chasing variants” with ever-changing booster formulations is ultimately futile.
Spotify to cut about 6% of jobs in latest tech layoffs
The music streaming giant has about 9,800 employees. In recent years it has made a massive investment in acquiring podcast networks, creation software, a hosting service and the rights to popular shows like “The Joe Rogan Experience” and “Armchair Expert.”
Indiana lawmakers gear up for debate over repealing certain floodplain requirements
Property owners and environmental advocates are clashing over a bill that would repeal a requirement for local officials to use the latest statewide floodplain maps when deciding new construction projects.
IBJ Podcast: Internet banking pioneer Becker has bucket list but isn’t going anywhere
The First Internet Bank of Indiana founder is 69 years old and says he has no plans to hand over the reins of CEO and chairman given that developing new products and services for the bank scratches his entrepreneurial itch.
IU real estate students launch $4.2M private equity firm
All of the money in the fund came from investments rather than donations, meaning those involved expect a return on their input.