Business

 By I&M— FORT WAYNE, Ind. – Indiana Michigan Power, an American Electric Power (Nasdaq: AEP) company, has issued a request for proposals (RFP) for facilities that will generate approximately 800 megawatts (MW) of wind energy and approximately 500 MW of solar power. I&M’s invitation for bids offers private sector developers the opportunity to propose the best and most cost-effective projects to add significant renewable energy resources to I&M’s diverse generation fleet. I&M currently operates five solar farms and purchases power…

By Melissa Thomas (IEDC)— DELAWARE COUNTY, Ind. —Living Greens Farm, the largest indoor vertical aeroponic farm in the U.S., announced plans today to locate operations in Delaware County, creating up to 120 new jobs by the end of 2024. “Indiana’s central location, strong agriculture sector and business-friendly climate make the Hoosier state the perfect place for companies like Living Greens Farm to put down roots,” said Governor Eric J. Holcomb. “As a state, we’re committed to creating an environment that enables companies like…

By Caitlin Hancock— MUNCIE, Indiana – Ashley Savieo, Past Chair of the East Central Indiana Regional Partnership’s (ECIRP) Board of Directors, has announced the selection of Trevor Friedeberg as the new President and CEO of ECRIP, the regional economic development organization representing Blackford, Delaware, Fayette, Grant, Henry, Jay, Randolph, Rush and Wayne counties. “After an extensive search, the board of directors is pleased to welcome Trevor Friedeberg to lead East Central Indiana’s regional economic development efforts,” said Savieo. “Trevor brings…

By Melanie Clabaugh— WARREN, PA—Northwest Bank, a full-service financial institution offering a complete line of business and personal banking products, has been recognized by Forbes as one of America’s Best Midsize Employers for 2022. The annual list ranks the 500 midsize employers that received the most recommendations from a survey of 60,000 American workers. Northwest Bank is 80 on the overall list and is the third-highest ranked among 30 employers in the Banking and Financial Services category. “At Northwest, we’re…

By Indiana Michigan Power— FORT WAYNE, Ind., Feb. 2, 2022, 12 p.m. – The first wave of a winter storm is hitting Indiana Michigan Power’s (I&M) service area this morning and will continue through tomorrow evening with heavy snowfall, light ice and rain. I&M crews are prepared and ready to safely respond in the event a power outage occurs.  AEP’s full staff of Meteorologists are monitoring the storm and informing I&M employees of the impacts. I&M also closely monitors forecasts…

By TWG— MUNCIE, Ind. – TWG (www.twgdev.com), a national real estate development company specializing in commercial, market rate, affordable and senior housing developments, has announced the construction of River Bend Flats, a $12 million affordable, multifamily project on the southeast side of Muncie, Indiana. Located at 1800 Burlington Drive, River Bend Flats will be a three-story, 60-unit development, situated at the intersection of Burlington and Memorial at the former Marsh and Family Dollar site. The affordable housing complex offers two-bedroom…

By First Merchants— MUNCIE, Ind.—First Merchants Corporation (NASDAQ – FRME) has reported fourth quarter 2021 net income of $47.7 million compared to $45.1 million during the same period in 2020.  Earnings per share for the period totaled $.89 per share compared to the fourth quarter 2020 result of $.83 per share.  Net income for the year ended December 31, 2021 totaled $205.5 million, compared to $148.6 million during the same period in 2020.  Year-to-date earnings per share totaled $3.81 compared…

By Northwest— COLUMBUS, Ohio—Northwest Bancshares, Inc., (the “Company”), (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2021 of $30.1 million, or $0.24 per diluted share.  This represents a decrease of $5.0 million, or 14.3%, compared to the same quarter last year when net income was $35.1 million, or $0.28 per diluted share.  The annualized returns on average shareholders’ equity and average assets for the quarter ended December 31, 2021 were 7.65% and 0.82% compared to 9.00% and 1.01% for…