Governor Eric Holcomb has announced three major infrastructure projects in southern Indiana. The state plans to invest $475 million for what Holcomb’s office calls “transformational” projects that include the construction of Indiana’s approach to the I-69 Ohio River Crossing near Evansville, major improvements to U.S. 231 in Dubois and Martin counties, and an extension of State Road 101 to the Ohio River in the southeastern part of the state. Indiana Department of Transportation Commissioner Joe McGuinness says the projects are part of an effort to maintain the state’s recognized business climate.

In an interview with Inside INdiana Business, McGuinness said in addition to improving safety, the projects will create wide-ranging economic benefits down the road, particularly with the SR 101 project.

“We are looking at…what is that return on investment?” said McGuinness. “Obviously, safety is our number one goal and responsibility, but what is the long-term return on that investment? So, if we’re investing millions of dollars into these projects, where do we see that there’s some long-term growth going to be within our local economy and [we] see some opportunities really within that southeast region of the state.”

Read the full story on Inside INdiana Business here. 

A Chicago-based gourmet popcorn and popcorn seasoning company has announced plans to relocate to northeast Indiana. Dell Cove Spices & More Co. says it will invest more than $230,000 to establish operations in New Haven and create up to 50 jobs by the end of 2024.

Dell Cove plans to lease and equip a 7,000-square-foot space in the Allen County city. The company says the move will allow it to expand its popcorn product lines and better meet the needs of retailers and consumers.

Read the full story on Inside INdiana Business.

Pennsylvania-based Quality Pasta Co. LLC says it will invest more than $13 million to establish a production facility in Merrillville. The company, which produces pasta dinners and side dishes, says the project will also create up to 70 jobs by the end of 2024.

The Merrillville plant will be the company’s second production facility in the U.S. Quality Pasta says the expansion will allow it to increase capacity, add new customers, and “continue to bring innovation to the retail and consumer package goods market.”

Read the full story on Inside INdiana Business.

To see the full list, click here. 

A national pizza chain has announced plans to establish a regional pizza dough production and warehouse facility in Lake County. Domino’s Pizza Inc. (NYSE: DPZ) says it will invest more than $50 million to build and equip the 110,000-square-foot facility at the Ameriplex at the Crossroads business park in Merrillville and create up to 140 jobs by the end of 2023.

The company says the new supply chain center will service Domino’s stores throughout Indiana, Illinois, Michigan and Wisconsin.

Read the full story on Inside INdiana Business. 

Indianapolis-based tech startup Market Wagon says it has just secured a $5 million investment to expand its online farmers market to more than 50 markets by the end of the year. The platform helps farmers get their products to local consumers.

The company says the funding round was led by Hyde Park Venture Partners, which is located in Chicago.

“Market Wagon’s business bringing regionally farmed foods and goods to meet consumers growing appetite for local fare fits right into our logistics investing experience and our love for food tech,” said Guy Turner, managing partner at Hyde Park Venture Partners. “We are excited to partner with the Market Wagon team and support their vision, and we love being customers too.”

Read the full story on Inside INdiana Business here. 

AgriNovus talked with Nick Carter, CEO of Market Wagon, one year ago on the Ag+Bio+Science Podcast. Listen to that episode here.

Two sisters are returning to Huntington and bringing their vegan pizza restaurant and headquarters with them.

Kitchen 17, a vegan food producer and restaurant, announced plans May 21 to relocate its headquarters, production and marketing operations from Illinois to Northeast Indiana, creating up to 64 new jobs in Huntington by the end of 2024.

Kitchen 17 will invest more than $1 million to purchase and renovate the historical Herald Press building located at 7 N. Jefferson St. in Huntington. The 25,000-square-foot pizza production facility will house the company’s headquarters as well as food production, packaging and distribution operations including a prep kitchen, small retail tasting room, urban rooftop farming solutions and restaurant event space. The facility will also house a new photo and video production studio for the company’s marketing, branding and content team, Smiley Face Media. Kitchen 17 and Smiley Face Media are owned by sisters and Hoosier natives Jennie and Lorry Plasterer, respectively.

Read the full story on Greater Fort Wayne Business Weekly here. 

The Office of the Secretary of Defense has awarded a $1.7 million grant to Naval Surface Warfare Center, Crane Division and Indiana University to collaborate on artificial intelligence programming for rural middle school students.

The National Defense Education Program Award is intended to help bolster the STEM talent pipeline, especially in rural America.

The program, branded as AI Goes Rural, will focus on artificial intelligence and its growing impact on technology and society.

Click here to read the full story.

Brazilian farm management platform Solinftec has raised 140 million reals ($26.6 million) in the form of a Green Agribusiness Receivables Certificate (CRA-Green).

CRAs are fixed income instruments which allow businesses in the agrifood sector to securitize the payments they are owed by their customers. The CRA-Green is a version overseen and certified by the global Climate Bonds Initiative (CBI).

Solinftec said in a statement that it will use the funds to improve and develop its precision agriculture technologies “with a focus on mitigation, adaptation, and resilience to climate change.”

It continued, “the funds raised will be used for environmental projects that fall into the categories of environmental management of living natural resources and land use, adaptation to climate change and eco-efficiency, pollution control and prevention, renewable energy, and water management.”

Read this full story on AgFunder News here.

After realizing the majority of venture capital firms focus on coastal companies, Kelli Jones saw an opportunity to invest in underrepresented midwestern founders.

Source: Forbes

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