The funding round included investments from existing investor High Alpha and new investors Elevate Ventures and members of the Ricker family who previously owned the Ricker’s gas station chain.
Connecticut-based Stanley Black & Decker said last month that it was planning to cut $200 million in annual costs “from headcount actions across the company as well as executing some footprint rationalization opportunities.”
After nearly two years of preparation, Primeval Brewing co-founders Nathan Compton and Tim Palmer opened their European-style beer hall in Noblesville to a line that wrapped around the block.
As part of the move, the company and the city are considering an agreement that will set up a short-distance transportation system using self-driving vehicles in Fishers.
The bankruptcy of Marsh has forced developers throughout central Indiana to find creative reuses for the former supermarket spaces. In Martinsville, plans are being finalized to transform a Marsh husk into a two-level apartment project as part of a $3 million redevelopment.
Carmel’s City Council members decided Monday to rework a proposed compromise between early-bird parade enthusiasts and businesses that are tired of dealing with the unintended impacts of their clutter.
Muncie Mayor Dennis Tyler was arrested at his home Monday morning and was in custody. Tyler is a Democrat who’s been mayor for eight years after serving in the Indiana House.
When completed, the 88-acre project, called Citizens Reservoir, will be able to pump up to 30 million gallons a day of captured rainwater into nearby Geist Reservoir.
A Westfield developer’s plans for 68 acres next to Grand Park include a major planetarium and space science center, laser tag venue, jump park, bowling alley, indoor/outdoor go-kart track and driving school.
Energizer Manufacturing Inc. is seeking tax breaks from the city of Franklin in return for opening a $62.7 million packaging and distribution center in Franklin Tech Park, just east of Interstate 65 and south of State Road 44.
Emily Styron beat Republican Tim Haak, who was running for a second term, by 88 votes in Tuesday’s election. Haak was elected in November 2015 to serve as the town’s first elected mayor.
The Indianapolis-based firm on Tuesday broke ground on a $78 million, 508,104-square-foot building—the first of four planned structures as it shifts focus to industrial development.
The outcome of Tuesday’s local elections will also decide whether a new casino can be built in Terre Haute and the fate of several school district construction and security improvement proposals.
City officials have long sought to diversify housing options by introducing for-sale condominiums and town houses into a market saturated by hundreds of high-end apartments.
The solicitation calls for the garage to be built on county-owned land along Clinton Street east of North Eighth Street. The land is currently used for county employee parking.
Grand Junction Brewing Co.’s tap room and production facility, which opened about a mile away in 2017, will remain open.
Bub’s Cafe owner Matt Frey said the eatery will close Wednesday. He and his wife, Rachel, own the restaurant and the building that houses it.
Abbott Laboratories announced plans Monday night to build a 120,000-square-foot facility in the NorthPoint Industrial Park along U.S. 31 where it will manufacture a heart valve repair device.
Old Town’s sister companies are continuing to develop projects in Carmel, working on a large mixed-use development that will help transform downtown Westfield, and expanding their reach into West Lafayette, where the company is part of a $1 billion project being constructed next to Purdue University’s campus.
BDX-Indiana, a sister company to Indianapolis-based Biodynamic Ventures, plans to create more than 40 jobs at the facility that pay an average of $70,000 per year.
