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Business

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Briefs

Local firm honored as 1 to watch

A local professional services firm was one of five winners of Indiana’s annual Companies to Watch Spotlight Awards, the state said Friday.

Prairie Quest Inc. has hired more than 30 full-time workers in the past year while revenue has grown by 42 percent, state officials said. The Fort Wayne company also opened an office in Dayton. Stacey Smith is Prairie Quest’s president and CEO.

The firm, according to its website, provides innovative, cost-effective solutions in project management, business process analysis, and medical services & support, and other training and services.

The sixth annual awards were presented Thursday by the Indiana Economic Development Corp., the Indiana Small Business Development Center and the Edward Lowe Foundation.

To qualify, companies must have between six and 150 full-time equivalent employees and between $750,000 and $100 million in annual revenue. They must be high-performing, second-stage companies known for performance in the marketplace, innovative products, unique processes or philanthropic actions.

Publicly traded companies and nonprofits are not eligible.

State, local officials form logistics council

Local and state officials are working together to strengthen northeast Indiana’s logistics sector. Logistics refers to how resources are acquired, transported and stored.

The Northeast Regional Logistics Council has been formed by the Northeast Indiana Regional Partnership, the Regional Chamber of Northeast Indiana and Conexus Indiana, the state’s advanced manufacturing and logistics initiative.

The council is composed of more than 30 advanced manufacturing and logistics representatives working for companies in the region. Andy Brooks, president of Brooks Construction Co., will be the council’s chairman.

The logistics council will address priority projects and public policy issues that affect a 13-county region. The council also will develop a strategic plan to strengthen the movement of manufacturing products through the region, the state and the world, officials said.

Microtech to invest $540,000 in upgrade

Microtech Welding Corp. on Thursday announced plans to spend $540,000 to grow local operations with a 4,400-square-foot building expansion.

The company, 3601 Focus Drive, will add one worker as a result of the growth, bringing its workforce to 19. Officials said they want to buy a new computer numerical control laser welder and workstation.

The company will seek a tax phase-in or abatement from local officials, but the estimated savings have not been determined.

Fort Wayne-based Microtech provides precision microscopic and laser welding services to the biomedical device and tooling industries.

Apple faces sanctions for its e-book pricing

Apple may face a reduced punishment for conspiring with publishers to raise e-book prices under a new proposal from the federal government.

Apple could not be reached for comment.

The Department of Justice suggested in a court filing Friday that it would halve the length of a proposed injunction to five years from 10. The injunction would keep Apple from entering deals with publishers that would limit price competition.

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