Articles

TechPoint to focus on IT firms specializing in medical, life sciences sectors

Long tracking the emergence of information technology firms involved in the health and life sciences sector, the state’s
IT trade group, TechPoint, is undergoing a mitosis of sorts to help fuel the trend. It has created Advancing
Life Science & Health Care Information Technology, or ALHIT, which will focus on growing this subset of the IT realm.

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Chrysler returns $5.5M in bonds to Tipton County

Chrysler has returned $5.5 million in bonds to an Indiana county to settle a dispute over millions of dollars the county spent
toward a transmission plant that a Chrysler supplier stopped building last year.

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Grill maker to locate HQ in Indiana, hire 300

Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill
production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.

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Indiana lands $39.4M in power-grid stimulus grants

IPL will receive $20 million to help pay for a $48.8 million project to install more than 28,000 smart meters; Midwest ISO
will get $17.3 million toward a $34.5 million project to install 150 phasor measurement units.

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Council tables smoking ban

Efforts to broaden Indianapolis’ workplace smoking ban came up short Monday night as members of the City-County Council voted
to table the proposal. The ordinance would have prohibited patrons from lighting up in bars, bowling alleys and nightclubs,
expanding an existing law that prohibits smoking in most public places, including restaurants that serve minors.

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First Financial gets sweet deal on Irwin Financial’s bank assets

It’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants
of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp
was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms
that would make any deal-maker proud.

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