An unnamed buyer has signed a letter of intent to purchase Delaware Machinery in Muncie. Meanwhile, work at the facility, currently in receivership, is increasing.
“Continued conversations with Chrysler’s risk management group resulted in them being comfortable (enough) with receiver management to allow their purchasing to release approximately $3.5 million worth of purchase orders and to [...]

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Hoosier farmers should see some extra green this year.
Farm income in Indiana is likely to be 20 percent ahead of last year, which was the second-highest farm profit year in a decade. Nationally, farm profits are expected to be 24 percent above 2009.
A 20 percent increase in farm profits would add $508 million to the [...]

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Ray Kasmark, Business Manager of International Brotherhood of Electrical Workers (IBEW) Local #697, will serve as the Lake Area United Way (LAUW) Community Campaign Chair for 2010-11.
With over 200,000 area residents each year benefitting from a program, agency or initiative funded by Lake Area United Way, local leaders say Kasmark is the right person at [...]

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The Greater Lafayette Chamber reports that the region has added more than 25 new businesses and $430 million in investment.
That’s an additional $90 million more than the investments made in all of 2009, said Jody Hamilton, director of economic development at Greater Lafayette Commerce.
The report shows Greater Lafayette is on the right track toward economic [...]

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Indianapolis is examining a a $1.2 billion deal to privatize the city’s parking meters.
A private company pays to install hundreds of electronic parking meters. Customers pay a higher rate for the first time in 35 years but now can pay with credit cards. The city collects $400 million over 50 years to repair crumbling streets [...]

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Delphi Automotive LLP plans to expand its Kokomo Corporate Technology Center (CTC) site, which houses the world headquarters of the company’s Electronics & Safety division and one of its largest and most advanced technical centers.
The plans for the CTC site will allow Delphi to consolidate its engineering team into a locally centralized Delphi facility. To [...]

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Need a great idea to promote your brand and build your business? Then join Diversified Marketing Strategies today at the Avalon Manor in Merrillville for the 2010 Idea Show.
There is no cost to attend. More than 30 national suppliers will be on hand to present the latest in promotional and wearable items, new and unique [...]

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Residents of the Chicagoland area and Great Lakes region may be breathing easier as early as this fall thanks to a federal grant that will partially fund work by a Northwest Indiana nonprofit to improve air quality over Lake Michigan.
The U.S. Environmental Protection Agency Region 5 Midwest Clean Diesel Initiative has awarded a grant of [...]

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Finding work in Indiana’s manufacturing plants was tough even before the recent Great Recession wiped out thousands of jobs, but some parts of the state have fared better than others, a new study from Ball State University reveals.
Indiana’s Manufacturing Employment Trends, from Ball State’s Center for Business and Economic Development (CBER), finds that from 1973 [...]

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U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded nearly $312 million to 13 states to invest in efforts to reduce the human, physical, and economic toll of future disasters.
Indiana received the sixth-largest allocation at $23,208,985.
The grants are provided through HUD’s Disaster Recovery Enhancement Fund (DREF) and are intended to encourage states to [...]

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