UPDATE: Ivy Tech taps outgoing Louisville public schools chief as next president
Martin Pollio, who will succeed Sue Ellspermann at Ivy Tech, has led Kentucky’s largest school district as superintendent since 2017.
Alex Brown, Inside INdiana Business
Articles
Indianapolis Motor Speedway Museum president to step down
In addition, the museum announced this week that it has acquired 14 race cars from Chip Ganassi Racing, including five Indianapolis 500 winners.
Alexandria annexation bill signed into law
The legislation allows Alexandria to annex about 460 acres of noncontiguous land in Madison County, paving the way for an industrial park.
Trump orders new review of Nippon Steel acquisition of U.S. Steel
In January, former President Joe Biden blocked the proposed $14.9 billion acquisition of Pittsburgh-based U.S. Steel by Nippon Steel in Japan. However, President Donald Trump on Monday ordered a new review of the deal.
Rose-Hulman receives $10M gift for new entrepreneurship program
The donation will be used to establish the Noblitt Entrepreneurship Program, which will provide opportunities to work with faculty on “experiences related to entrepreneurship and the principles of the free market.”
Report: GM to increase production, add jobs at Fort Wayne plant
The Fort Wayne plant produces the Chevrolet Silverado 1500 and GMC Sierra 1500 trucks, with about 1,300 units produced each day, according to the automaker’s website.
Stellantis announces temporary layoffs, production pause in response to tariffs
A spokesperson for the company said the layoffs will impact workers at three Indiana facilities.
Greenwood manufacturer to close facility, lay off 72 workers
A spokesperson said the move is a strategic adjustment to the company’s business structure as part of ongoing efforts to optimize operations.
Conexus Indiana picks advanced manufacturing veteran as CEO
Indianapolis-based Conexus Indiana focuses on supporting and promoting Indiana’s advanced manufacturing and logistics sector.
Judge slashes punitive damages awarded in case against Wabash
Judge Christopher E. McGraugh said the original $450 million amount awarded by the jury was “grossly excessive” and not in line with the company’s constitutional rights.
Indiana-based Shoe Carnival to convert more stores to Shoe Station brand
Shoe Carnival said it will transition 175 stores to the Shoe Station banner over the next two years, with the first 50 to 75 stores being completed in the first fiscal year.
California defense tech company breaks ground on Indiana facility
The Indiana Economic Development Corp. noted the company plans to invest a total of more than $456 million and create up to 628 jobs by the end of 2029.
Vera Bradley to sell Pura Vida business as part of ‘strategic evolution’
Vera Bradley, which had already acquired a 75% ownership stake in the California-based jewelry brand in 2019, acquired the remaining 25% interest in 2023.
European packaging company to build $110M plant in Anderson
The new, 350,000-square-foot facility is expected to employ more than 100 people after becoming fully operational.
State revenue collections continue to exceed projections
The Indiana State Budget Agency noted that higher-than-expected collections from income tax revenue outweighed lower-than-expected collections from sales tax and interest revenue.
Indianapolis-based Calumet to sell portion of Royal Purple business for $110M
The sale includes Royal Purple’s synthetic industrial product line, which encompasses gear lubricants, bio-environmental lubricants, stationary natural gas engine oils, hydraulic lubricants, and compressor oils.
Rolls-Royce, UAW reach tentative pact, averting 800-worker strike
Negotiators for the UAW Local 933 were seeking increases in wages, an end to wage tiers, and a cost-of-living adjustment for all members.
Indiana University selects Kelley School veteran to lead business school
The 30-year educator at IU will succeed Ash Soni, who is wrapping up a two-year tenure as dean and plans to return to faculty.
UK-based sports tech company to establish Indiana presence
London-based Sportable has developed a tracking platform that uses sensors placed inside balls to deliver data designed to measure player and team performance.
Ivy Tech ‘sunsetting’ its Office of Diversity, Equity and Belonging
Ivy Tech President Sue Ellspermann said the decision was a proactive move to protect funding amid federal orders and state legislation targeting diversity, equity and inclusion efforts.