Private equity firm that focuses on small companies inks 12 deals since 2018 launch
Monument Microcap Partners has also added three partners and two other employees, plus a branch office in the metro Detroit area.
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NFIB names new Indiana state director
As state director, Robinson will be the primary advocate in the Indiana Legislature and guide member engagement and political involvement throughout the state.
Supply chain will be holiday grinch for local retailers, shoppers
But the pure randomness of shipping problems and the unpredictability of consumer demand make it difficult to predict exactly what will be in short supply.
Zionsville-based Clear Software acquired by Microsoft
Clear Software, founded in 2015, offers tools to help simplify and streamline business processes. Microsoft said the acquisition will help it improve its Microsoft Power Platform, which offers a variety of business-oriented tools for users.
Black-led financial institution looks to create access to capital
Work is underway to determine what kind of support services Black-owned businesses will need to complement the loan fund.
Ag-tech firm using aerial photos, big data to help farmers manage fields
Indianapolis-based IntelinAir Inc. sees a big opportunity in the use of artificial intelligence and machine learning to help farmers keep tabs on their crops.
Indiana man still repairing foreign cars after half-century
Dick Bougher opened the shop on June 2, 1970. Fast forward to today, and the 83-year-old Greentown native is still fixing vehicles at Dick and Walt’s Foreign Car Repair. And after 51 years in business, he has no plans to stop anytime soon.
City sets up first Black-led community development loan fund
Indianapolis is making preparations for its first Black-led Community Development Financial Institution, which will aim to offer businesses in economically disadvantaged communities access to capital and other help.
Telamon founder Albert Chen launches firm to put ‘cobots’ in factories
Retired from Telamon Corp., Chen founded Telamon Robotics, which sells collaborative robots and helps companies integrate the technology into their operations.
Bankable launches new loan fund for Black-owned businesses
Based in Anderson, Bankable offers microloans to small and startup businesses around the state. This is the organization’s first fund specifically targeting Black-owned businesses.
Programs aim to bring diversity to work-procurement table
Two new supplier-diversity programs are launching in Indianapolis as local companies and other organizations try to make good on their equity promises from last year.
New restaurant in works at former Scotty’s site in Southport
The owner of several local Indian and Pakistani restaurants plans to open Royal Indian Restaurant and Banquet Hall at the site.
Lack of caregivers puts stress on parents, providers
Child care centers across the state are scrambling to find enough workers to meet demand and parents are struggling to find a child care provider with a vacancy.
The rise and fall of a renewable energy darling
The U.S. government is suing WindStream, which shut down in 2016. It says the company owes $3.12 million in loans that the U.S. Export-Import Bank guaranteed as WindStream was expanding globally.
Local businesses lean on subscriptions to build revenue, customer connections
The idea of having customers periodically pay in advance for products or services is nothing new. But within the past year, at least five Indianapolis-based food and beverage retailers have launched subscription services.
Dronedek to show off smart mailbox when it delivers hot wings to eating contest
The demonstration comes as Dronedek prepares a move to Lawrence, where it’s renovating a long-vacant building at 4423 Shadeland Ave. into its new headquarters.
Turner Woodard buys home of indoor karting complex in Speedway
The real estate investor and racing enthusiast has closed a deal with former IndyCar driver Sarah Fisher and her husband that will help them to continue growing their karting business.
In the workplace: Have a business idea? Survey customers first.
The first step in developing a survey is thinking about your audience.
Ed-tech Codelicious lands $3.8M in seed-stage funding
Codelicious founder Christine McDonnell talks about the investment round, which was led by Indianapolis-based Allos Ventures and EduLab Capital Partners, a venture capital firm with offices in Boston and Tokyo that specializes in learning innovation.
After long delay, Beerded Swine opening in Lockerbie with meat, cheese, libations
Expected to debut by the end of September, The Beerded Swine is intended to be a sister shop to The Savory Swine in downtown Columbus.