Articles

Fish farming could become $1B industry in Indiana

Current estimates place annual revenue for Indiana fish farming at just a few million dollars. But some believe the state’s central location, abundant land and water supplies, and relatively benign regulatory environment could foster a $1 billion industry in the next 10 years.

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Homegrown firm creates stir with Bloody Mary mix

Hoosier Momma Bloody Mary mix started 18 months ago and already is a profitable entity available in 350 locations and six states. This month, Hoosier Momma expanded into Kentucky, thanks to a deal with national distribution giant Southern Wine and Spirits.

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Red Gold moving headquarters to Elwood

The Orestes-based company—the nation’s second-largest tomato canner—on Tuesday announced plans to invest $3.5 million to convert a former Elwood elementary school into a new corporate headquarters.

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Indianapolis entrepreneurs rescue Choc-Ola from oblivion

The chocolate beverage Choc-Ola, launched in the 1940s and pitched to a generation of fans in the 1970s by Cowboy Bob on WTTV-4, is hitting store shelves again. South-side entrepreneurs Dan Iaria and Joe Wolfla are leading its comeback, landing an 18-state distribution deal.

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Hulman board overhaul may signal strategy shift, even IPO

The Feb. 17 announcement that Terre Haute-based Hulman & Co. was expanding its board of directors from four to eight members could simply mean the company is looking for guidance from a broadened brain trust, or it could be a signal the company is at a significant crossroads.

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Sara Lee to lease 281,000 square feet in Plainfield

Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.

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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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