MISHAWAKA – North American Composites Co., a division of Interplastic Corp., has announced it will locate its Midwestern headquarters in Mishawaka. Work has begun on a 50,000-square-foot building it acquired on 12th Street. The company, which is based in Minnesota, will spend $600,000 on the building and an additional $650,000 on equipment. North American Composites […]
LAPORTE – U.S. News and World Report has released its 23rd annual Best Hospitals rankings with Indiana University Health LaPorte and Starke Hospitals included as part of the list. “These hospitals are the kinds of medical centers that should be on your list when you need the best care,” said Editor Avery Comarow. “They are
MISHAWAKA – Golden Corral has begun work on a new restaurant in Mishawaka. Co-owner Pam Zahrt said the restaurant will have between 125 to 150 employees when it opens in late November or early December. The restaurant will be located at the corner of Douglas and Main streets.
GARY – Positron Corp. has announced it plans to develop a $45 million facility in Gary to manufacture radioactive medical imaging isotopes. Positron, based in Fishers, Ind., will receive $15 million in tax increment financing from the city. The company also has a plant in Crown Point. When the project is completed, Positron will employ
MICHIGAN CITY – Horizon Bank has announced a second quarter profit of $4.9 million, the highest in the bank’s history. One year ago, Horizon posted a profit of $3.1 million. President and CEO Craig Dwight attributed the record profit to reduction in provisions for loan losses, more revenue from mortgages and a renewed focus on
MUNSTER – NorthWest Indiana Bancorp, the parent company for Peoples Bank in Munster, has announced second quarter financial results were virtually the same as results from one year ago. Net income in the quarter was $1.6 million, down from $1.7 million last year. For the first half of the year, net income was up $3
GARY – The expansion of the Kirk Yard in Gary has been scaled back by Canadian National Railway Co. Originally planned as a $165 million project that would provide 251 jobs, the project now will be $141 million and create 119 new jobs. Canadian National had planned to move is locomotive repair facility from Illinois
INDIANAPOLIS – IVDiagnostics of Valparaiso was an invited exhibitor at the fourth annual Innovation Showcase hosted by the Indiana Venture Club. IVDiagnostics is a biomedical diagnostic company focused on diagnostic tests for blood-borne and other diseases. The company was represented at the show by Tom Szczepanski, director of marketing, and Hui Chen, research scientist. The
GARY – Powers & Sons Construction Co. of Gary has been named one of the nation’s largest black-owned businesses by Black Enterprise magazine. The publication announced its 40th annual list of the nation’s largest black-owned companies. In all, 230 companies were included in seven categories. Powers & Sons was ranked 70th in the Industrial/Service Companies
SOUTH BEND – Greg Conrad has been named vice president of the newly formed Beacon Health Ventures organization which includes the home health and professional services division of Beacon Health System. The division includes Elkhart General and Memorial Hospital home health agency operations, medical equipment and supplies, retail operations, pharmacy operations, medical and occupational staffing
