Last UpdatedTHU., MAY 23, 2013 - 3:53 PM
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City to award towing contract to California firm

12:22 pm
Indianapolis will choose a San Francisco-based company to oversee city-ordered towing under a contract expected to be authorized Thursday afternoon.More.

Ivey stepping down as leader of Pulliam trust03:45 pm

Harriet Ivey, president and CEO of the Nina Mason Pulliam Charitable Trust since its founding more than 15 years ago, plans to retire early next year, the trust announced Thursday.More.

Waste-management firm hit with environmental fines11:15 am

Dan Human
Some of the violations cited by the state are related to poor handling of hazardous materials at the Heritage-Crystal Clean Inc. facility in Speedway.More.

U.S. unemployment aid applications show decline10:23 am

Associated Press
Jobless claims are showing gradual improvement, but for hiring to strengthen enough to lower the unemployment rate to a more normal level, companies must gain more confidence in the economy.More.
MAY 20-26, 2013
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Oesterle sells land to Angie's List, reaping millionsRestricted Content

Angie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.More.

Centerfield rounds up $171M for new fundRestricted Content

An Indianapolis private investment firm has raised one of the largest-ever funds in the state. Centerfield Capital Partners pulled in $171 million that it plans to invest in about 20 companies. Its two previous funds totaled $60 million and $116 million.More.

Nancy Irsay puts party pavilion, home on market for $3.7M

Dozens of small charities have used the pavilion in south Carmel to host events, paying far below market rates.More.

Spate of banking mergers may be just the beginningRestricted Content

First Merchants Corp. CEO Michael Rechin thinks a wave of bank mergers is coming—driven by financial institutions’ quest to increase profits in an environment where super-low interest rates continue to squeeze margins.More.

Indiana device makers absorbing Obamacare excise tax

The state's medical-device companies are finding that they cannot pass on the new medical-device tax created by Obamacare to their hospital customers, causing them to continue to make cuts and to look to foreign markets for more profitable growth.More.

PINCUS: State needs better life sciences startup ecosystem

Indiana’s life sciences sector is mostly composed of legacy companies.More.

LOU'S VIEWS: In Indy Opera’s ‘Flying Dutchman,’ strong voices almost drowned by overdone visuals

Season closer tackled Wagner's large-scale seafaring tale. Plus, thoughts on ‘4000 Miles’ at the Phoenix Theatre.More.

BENNER: Cricket-loving Mayor Ballard might be ahead of his timeRestricted Content

The stakes are lower, but the odds higher, compared with previous mayors who took risks with sports.More.

MORRIS: I’m from the government, and I’m here to helpRestricted Content

Obama's troubles might save us from his heavy-handed, second-term agenda.More.

KENNEDY: We the ignorant peopleRestricted Content

Like it or not, the United States is a country where, increasingly, people read different books and newspapers, visit different blogs, watch different television programs, attend different churches and even speak different languages.More.

Hicks: Firing of Heritage researcher shows cowardiceRestricted Content

A recent study by the Heritage Foundation, a conservative think tank, sheds a great deal of light on the sausage mill of policy research, and the courage and integrity of the process of policy research altogether.More.

School choice segregates

Reflecting on the [May 13] article “Trying to Reclaim a Legacy,” please don’t forget another group of people who took a risk: the taxpayers.More.

Stick to oval racing roots

Thanks for Benner’s [May 6] column. There are far too many street/grand prix races already.More.

Eco devo veteran takes over Hamilton County Alliance

Former state Department of Commerce Chief Tim Monger took the reins of the economic development group after financial woes forced the organization to reevaluate priorities. He plans an aggressive approach.More.

People in the news - May 20, 2013

People listings are free.More.

NFP of NOTE: Jameson Camp

Jameson Camp enriches the lives of Indiana youths by inspiring them to discover their strengths.More.

Firms ladle trips, car allowances on top of rich pay packagesRestricted Content

Senior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana companies.More.

Athenaeum weighs bids for surface lot redevelopment

Three developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to the historic Athenaeum building.More.

WISH-TV rakes in bucks with city's only locally produced lifestyle showRestricted Content

"Indy Style"--an hour’s worth of TV programming on everything from recipes to music to fitness to screen-door-repair tips--fills its show with guests who are a combination of invited guests, sponsors and one-time-only advertisers.More.

Mobile health apps could cut into state companies' market share

The future of Indiana’s sprawling health care and life sciences industry might be threatened by an unlikely source: smartphone apps.More.

Study rebuts hospitals' argument on Medicare, rising costs

Rather than raising prices on private health insurers to make up for inadequate payments from the government, hospitals across the country have been raising prices just because they can, according to a new study.More.

Greenwood, Whiteland try to spur, shape growthRestricted Content

Two Johnson County communities are determined to capture—and control—the next wave of suburban growth.More.

DINING: Sandwich shop Fresco no mere supermarket sidebar

Third in a month-long series of Cultural Trail restaurant reviews.More.

EDITORIAL: CEOs should buy their own perks

It’s no secret that CEOs of public companies make a lot of money.<br><br>And in general, they earn it: It takes talent, hard work and vision to oversee thousands of employees, answer to impatient shareholders, guard against competitive threats, and keep the trains running on time, particularly at behemoths like Eli Lilly and Co., WellPoint Inc., Cummins Inc. and Simon Property Group Inc.More.

DAVIS: Support workers' volunteerism

With businesses everywhere working to attract and retain great talent and customers, giving back to the community can end up on the back burner. The time and effort required to connect with charities, plan events and provide time off from critical business focus initially seems to be counterproductive. This paradigm leaves many leaders scratching their heads about corporate social responsibility.More.

Skarbeck: Financial markets brace for era of social mediaRestricted Content

Two recent episodes have regulators scrutinizing the role social media plays in the investment markets.More.

ALTOM: When it comes to big purchases, don’t follow the crowdRestricted Content

The most popular tech product isn't necessarily the one that is best for your business.More.

Transit skeptic lists demands

You ask how to get non-believers on board [May 13 editorial].

1. Show me one mass transit system in the nation that is self-supporting, including upkeep and depreciation with excess inflow of cash.

More.

Kessler Mansion neighbors balk at business uses

An Indianapolis City-County Councilor is looking into the possibility of zoning violations at the massive north-side property. The mansion will host a camp for entrepreneurs in June.More.

Convenience stores sue to sell cold beer in Indiana

An industry trade group filed a lawsuit Tuesday morning contending that Indiana liquor law is unconstitutional and unfairly benefits liquor stores.More.

Records - May 20, 2013

Records listings from the May 20, 2013, issue of IBJ.More.
landrop-1837-albany01-2col1.jpg 1837 Albany Street

City bans bulk land-bank sales after lopsided deal with not-for-profit

Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)More.
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Crean, Painter contracts packed with rewards for postseason success

Indiana University Coach Tom Crean and Purdue University Coach Matt Painter cash in big time when their teams perform well, especially in postseason play.More.
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BioCrossroads has stoked state's life sciences industry, but challenges remainRestricted Content

In the 10 years BioCrossroads has been promoting life sciences in Indiana, the effort has netted more than 330 new companies, an infusion of more than $330 million in venture capital, a tripling of exports, and a growing number of mentions in national reports on life sciences.More.
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Pro athletes' charities often have limited life spansRestricted Content

Wealth and fame often lead professional athletes to share their success in the charitable arena, but those efforts rarely last much longer than their careers as the organizations struggle to survive in an already-crowded philanthropic field.More.
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CEOs see stock windfall after market crashRestricted Content

Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database.More.
reform-license1new-2col.jpg Indy Met teacher Eric Nentrup went through a transition-to-teaching program.

New laws hang teacher pay on performance

Charters and vouchers may have sparked the loudest education-related protests before the Legislature this year, but changes to teacher evaluations are likely to have the biggest impact on Indiana’s public schools.More.
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SPECIAL REPORT: Indiana companies charge into China

With economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst for goods and services.More.
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Dual roles give Bess unusual view into schools

Bess Watch VideoAs a Danville school board member and superintendent of Indianapolis Metropolitan High, Scott Bess is straddling the increasingly contentious chasm between traditional public schools and privately operated charters.More.
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City vendor may get $1.2B from parking-privatization deal

The pitch from Mayor Greg Ballard’s administration to privatize the city's parking meters is compelling, but the proposal to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately apparent.More.
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Soft Landing: Pay slipped for most execs in 2009, but cuts weren't deep

Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual compensation fall in 2009, only 10 experienced cuts of more than $1 million.More.
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Brizzi's lease deals benefited friend, donor

Records show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor's Office to his friend, business partner and political contributor John Bales.More.

Half of state's public-company CEOs saw pay rise in 2008

For investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state's public-company executives saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total return in 2008, and 46 companies shed more than one-third of their stock market value.More.

Simon family's interests helped city thrive, but taxpayers paid the price

The Simon family's role in building the city has come at a steep price for taxpayers. Simon and its business interests in the last 20 years have collected local government incentives worth more than $400 million, an IBJ tally of those deals shows.More.

Indianapolis shows up peer cities in attracting the young and educated

Cities must woo people while they’re young—in their 20s or early 30s—because after that age, people tend to hunker down. The Indianapolis area apparently appeals to at least two key groups of young people—particularly those already married, according to a new study by researchers at IUPUI.More.

IUPUI faces tough decisions over aging sports facilities

IUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and the city—in the hunt for high-profile sporting events.More.

SPECIAL REPORT: Center Township trustee taps taxpayers for millions

At an aging building at 863 Massachusetts Ave., they pass through a metal detector and wait in line to show a clerk their identification and copies of overdue bills. Center Township Trustee Carl Drummer sometimes helps. The Trustee's Office received an average of $6.9 million each of the last seven years, mostly from taxes, to provide poor relief-now known as township assistance. But only about $2 million reached the penniless each year, with much of the difference covering administrative overhead....More.

Critics question trustee's property portfolio given mission to help needy

Center Township has real estate holdings worth more than $10 million, according to IBJ research. The township's robust real estate portfolio—highly unusual for an Indiana township—fits Trustee Carl L. Drummer's vision for his taxpayer-supported office. But it makes others see red.More.
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SPECIAL REPORT: Stock-based pay builds wealth for Indiana execsRestricted Content

IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)More.
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Airport execs' globetrotting sparks scrutiny

Indianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland.More.
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Warnings about broker's tactics went unheeded

Several state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched an investigation that led to his indictment.More.
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Critics: City's effort to help ex-offenders ineffectiveRestricted Content

Three years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of that goal but has accomplished little else.More.
reform-license1new-2col.jpg Indy Met teacher Eric Nentrup went through a transition-to-teaching program.

Reform law gives charters leeway to hire unlicensed teachers

Legislation that expands charter schools in Indiana also could increase the number of teachers at those schools without licenses, making it easier for educators like Eric Nentrup to take non-traditional paths to the classroom.More.
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Controversy brews over judging charter performance

There is little agreement—but lots of politics and complex statistics—on how to define success and failure in Indiana’s public schools.More.
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Partisan divide could threaten long-term education reform

Indiana’s Republican-controlled Legislature will likely pass the bulk of education-reform measures being pushed this year by party heavyweights, but partisan rancor could threaten the long-term prospects for a sweeping overhaul of the state’s public schools.More.
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Charter school's nimble approach could become the norm

Indianapolis Metropolitan High School implemented a school-wide overhaul in its educational approach in only three months. The charter school might be the face of the future for all Indiana public schools.More.
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Bond swaps cost city units $93M in penalties

Wall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied on misguided assumptions, and taxpayers paid.More.
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SPECIAL REPORT: Brizzi ordered lenient deal for business partner's client

Marion County Prosecutor Carl Brizzi last year intervened in a major drug case to offer a reduced sentence over objections from both law enforcement officers and his own deputy prosecutors.More.
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Related-party loans pile up at Durham-owned finance firm

Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven years ago, and now he, his partners and related firms owe it more than $168 million, records show.More.

Grad students dream up plans for mass transitRestricted Content

Architecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling than the Central Indiana Regional Transit Authority's principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running a diesel commuter train atop the old Nickel Plate Railroad corridor.More.

Hospitals suffer from spiking bond interest rates, investment lossesRestricted Content

Indianapolis-area hospitals have suffered a double whammy of spiking interest rates on their bonds and heavy losses in their investment portfolios and are trying to save cash any way they can.More.

SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens

Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.More.

At most Indiana public firms, CEO pay hasn't fallen with stockRestricted Content

Most public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet many continued to award eye-popping compensation to their executives.More.

SPECIAL REPORT: Financial travails dog 'mystery man' at helm of Premier Properties

An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion is suing him to recover more than $600,000 in unpaid bills.More.

IRSAY'S ODYSSEY: Owner learned from life in NFL to build winning team

The Indianapolis Colts' evolution from perennial patsy to Super Bowl favorite is a body of work with a seldom-told—and often misunderstood—history. It's easy to see the hues all-pros Peyton Manning, Marvin Harrison and Edgerrin James painted on this masterpiece season. President Bill Polian and Coach Tony Dungy certainly colored the landscape. And Offensive Coordinator Tom Moore added his creativity. But theirs aren't the only signatures on this canvas.More.
Last UpdatedTHU., MAY 23, 2013 - 3:41 PM

U.S. unemployment aid applications show decline10:23 am

Jobless claims are showing gradual improvement, but for hiring to strengthen enough to lower the unemployment rate to a more normal level, companies must gain more confidence in the economy.More.

Mayor suspends land bank after indictments

Indianapolis Mayor Greg Ballard on Wednesday sidelined a city program that sells vacant and tax-delinquent properties, one day after federal prosecutors indicted two of its top officials for allegedly accepting bribes and kickbacks.More.

Indiana presses ahead with I-69's next section

The company that will build the 21-mile Bloomington-to-Martinsville segment by upgrading existing State Road 37 will sign a public-private deal under which it will arrange its own financing to design and build that stretch.More.

Indiana ambulance plant with 165 workers closing

The decision to close the Elkhart factory comes two weeks after Allied Specialty Vehicles bought SJC Industries. Production will be moved to a Florida factory in the coming months.More.

Indiana BMV says it may have overcharged for licenses

The Bureau of Motor Vehicles made the acknowledgement in a response to a class-action lawsuit that alleges Indiana collected up to $30 million more than it should have by charging drivers more for licenses than allowed by law.More.

Group claims Ball State prof teaching creationism

The Freedom From Religion Foundation has filed a formal objection with university officials over an elective honors class called "Boundaries of Science," which the foundation maintains teaches religion rather than science.More.

Central Indiana county leaders back reservoir study

The Delaware County commissioners on Monday endorsed a resolution supporting environmental and engineering studies for the proposed Mounds Lake Reservoir.More.

Lids acquiring Kentucky sporting goods chain

The CEO of a private equity firm that helped fund the Lexington-based Fan Outfitters chain said new regulations imposed by the Affordable Care Act prompted the group to look at the offer from Lids.More.

Purdue makes fast progress on tuition freeze

The school is nearly three-fourths of the way to reaching its goal of $40 million in savings or new revenue.More.

Indiana withdraws support for fertilizer plant

State officials have withdrawn incentives for a fertilizer plant over concerns about whether its Pakistan-based owners are doing enough at their overseas operations to keep the potentially explosive material from being used against U.S. troops.More.

New owner shutting down 520-worker Indiana plant

Allied Specialty Vehicles announced Thursday it was buying Monaco RV and shifting production to a factory in Decatur, near Fort Wayne. The 520 jobs lost in Wakarusa won't be replaced on a one-to-one basis.More.

Aerospace company plans central Indiana factory expansion

L&E Engineering Co. officials say the company will spend $3.7 million to expand its Greenwood factory and add about 40 employees.More.

Top Indiana wind farm drafts bat-protection plan

The operators of Indiana's largest wind farm are proposing changing the nighttime operations of the farm's 300-plus wind turbines to protect endangered Indiana bats from being killed by the turbines' spinning blades.More.

Ball State: 5 revoked charter schools lose appeals

Ball State University has closed the books on its January decision to pull its sponsorship of seven academically struggling Indiana charter schools.More.

Indiana farmers catching up on some planting

A weekly report says 30 percent of Indiana's corn crop was planted as of Sunday, up from 8 percent the week before, but still off the 5-year average of 54 percent.More.

Michigan doctor named dean of IU School of Medicine

Dr. Jay Hess was picked to become the 10th dean in the school of medicine's 110-year history and the first dean in the past five to come from outside IU.More.

Foes organizing against central Indiana wind farm plans

A Chicago-based company is seeking permission from Delaware County officials to build about 30 turbines across 15,000 acres of agricultural areas northeast of Muncie.More.

Ball State president among nation's highest paid

BSU's Jo Ann Gora was the fifth-highest-paid public college president in the United States during the 2011-12 academic year, according to a new survey released Monday.More.

'Pause' on Common Core leaves teachers in limbo

Lawmakers voted last month to delay full implementation of the academic standards to allow time to study the potential costs of implementing or abandoning the standards and hold public meetings.More.

New leader named for Indiana natural resources agency

Gov. Mike Pence has picked Cameron Clark to lead the agency that oversees the state's parks, wildlife areas and historic sites and enforces hunting laws.More.

Duke Realty puts 17 Midwest office buildings on block

The developer is selling the buildings in Cincinnati, Cleveland and St. Louis to increase its emphasis on industrial properties. A research firm values them at $149 a square foot, or a total of about $350 million.More.

Greenfield plant transforms waste into fertilizer

Spring gardeners, lawn manicurists and nursery folk of all varieties on the hunt for cheap fertilizer this planting season need look no farther than the Greenfield's wastewater treatment facility.More.

Demolition starts at old Indianapolis airport terminal

The terminal's four concourses and other structures built between 1954 and 1987 are all expected to be cleared by year's end.More.

Pence vetoes license bills for dietitians, others

Indiana Gov. Mike Pence has vetoed his first legislation since taking office in January, rejecting two bills with new licensing requirements.More.

Subaru to invest $400M in Lafayette plant, hire 900

The Japanese car maker already employs about 3,600 people at the plant and builds the Legacy and Outback cars and the Tribeca SUV. With the new investment, it will boost capacity by 100,000 cars and begin making the Impreza.More.

Fort Wayne schools want 3rd party to review ISTEP

Indiana's largest school district says it won't accept results of this year's standardized testing until an independent third party validates the scores.More.

Three former executives sue Carbon Motors over pay

Executive vice presidents of a company that planned to build high-tech police cars at an eastern Indiana factory are seeking more than $600,000 in deferred wages.More.

EPA seeks to add Keystone property to Superfund list

The U.S. Environmental Protection Agency on Tuesday proposed adding three sites in Indiana—including one in Indianapolis—to its highest priority cleanup list for hazardous waste sites.More.

ESPN counting on story lines to sell Indy 500

There is no shortage of compelling story lines accompanying Sunday's race, leaving television executives feeling confident about another bump in viewership this year.More.

Donors help after girl's stand shut down at track

Morgen Morris said she had a line of customers during Saturday's Indy 500 qualifications day when a Indianapolis Motor Speedway employee told her she had to shut down her lemonade stand.More.

Indiana lawmakers gave approval to 12 percent of 2013 bills

Measures filed in the Indiana General Assembly this year faced about 1-in-8 odds of making their way to the governor's desk.More.

Deadline looms for state's Do Not Call list

Since January, the state attorney general's office said it has received more than 5,000 complaints about telemarketing calls from live operators or prerecorded messages.More.

Work stops on Greenwood pharmaceutical plant

Greenwood officials three years ago approved $8.4 million of incentives for the Elona Biotechnologies project, including the construction loan.More.

Counties worry about cost of sentencing overhaul

Indiana counties could be forced to pay some of the costs of a change in the state's criminal code that is designed to keep low-level offenders out of prison while ensuring the worst serve more of their sentences.More.

River protest set for proposed central Indiana reservoir

Organizer and environmentalist Clarke Kahlo told The Herald Bulletin that the group is trying to build public awareness of the amount of land that would disappear if the reservoir is built.More.

Court upholds Indiana's limit on civil damages

The Indiana Supreme Court has upheld the state law limiting punitive damages awarded in civil lawsuits and directs most of that money to a state victims fund.More.

Fed review finds Indiana highway land deals compliant

The Federal Highway Administration report found Indiana Department of Transportation records were adequate and sufficient.More.

Indiana BMV ends specialty plate talks with 3 groups

The BMV stopped negotiations with the Indiana Greenways Foundation, the Indiana 4-H Foundation and the Indiana Youth Group.More.

Zak Brown turns down IndyCar CEO job

Brown said he instead will relocate in July to England to continue the growth of his Zionsville-based agency, Just Marketing International.More.

Broad Ripple flooding in 2012 becoming costly for city

The city of Indianapolis faces possibly paying several hundred thousand dollars for a restaurant badly damaged by flooding that swamped a neighborhood during a downpour a year ago.More.

Indianapolis schools encounter more ISTEP glitches

Indianapolis students trying to complete standardized tests that already have been delayed by technical issues have encountered more problems.More.

High court rules against Indiana farmer in patent case

The Supreme Court has sustained Monsanto Co.'s claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer.More.

Indiana schools seeing more success with tax hikes

Indiana school districts that won voters' approval last week for the majority of the tax increases they had sought to boost school funding may be becoming more skilled at selling the public on the need for those tax hikes.More.

Pence signs $100 million Speedway funding bill

Indiana Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for planned improvements.More.

Developer planning $60M project near Ball State

Investment Property Advisors of Valparaiso hopes to build a four-story building wrapping around a six-story parking garage that will have 228 apartments and storefronts on the street level.More.

Pence signs Indiana voucher expansion bill

Gov. Mike Pence visited Calvary Christian School on the south side of Indianapolis on Thursday to sign the plan that will make more children eligible for vouchers.More.

Unemployment aid applications fall to five-year low

Much of the job growth has come from fewer layoffs. Overall hiring remains far below pre-recession levels.More.

Indiana governor signs $30B state budget into law

Gov. Mike Pence praised Indiana's new two-year, $30 billion budget for its tax-relief measures and other provisions as incentives that would lure new investment and jobs to the state.More.

Indiana's honey bee colonies see 30-percent drop

Indiana's honey bee populations are taking a hit from a mysterious disorder that's devastating bee colonies across the nation.More.

Pence readies 1st vetoes as Indiana governor

Pence has expressed concern with a measure shifting power from the Indianapolis City-County Council to Mayor Greg Ballard and with a plan for a $100 million loan to the Indianapolis Motor Speedway.More.

Blogs

 

A&E, etc.

May 23-29 IBJ A&E Priorities: 500 events, 'Star Wars' exhibition, and more

Need some help planning your Memorial Day weekend? Here are some A&E choices including a new show at the Indiana State Museum, free park concerts, and more.More.

IBJ Night at the Movies: 'Now You See Me'

Win passes to a sneak-preview screening of the new caper film starring Jesse Eisenberg, Isla Fisher and Morgan Freeman.More.

You-review-it Monday

So what did you think of the new "Star Trek" movie, this year's Broad Ripple Art Fair, or whatever else you experienced on the A&E front this weekend?More.

Notes from the Broad Ripple Art Fair: Hilty on stage, 'Carrie: The Musical,' etc.

It's not just about buying art and scarfing down truck food. The annual event also is a great opportunity to catch up on what's next for arts groups.More.

More A&E, etc.

FEATURED MAGAZINES AND SUPPLEMENTS

Golf & Travel 
                              Magazine 2013   Golf & Travel
Magazine 2013

Central Indiana golf course owners parlayed the drought of 2012 into revenue increases that beat the national averages. Get the details in IBJ's annual golf guide, which this year includes an online interactive directory of more than 400 of Indiana’s public and private courses.

 

HCH   Health Care Heroes
Indianapolis Business Journal is pleased to present the 13th annual Health Care Heroes awards. Each year, IBJ solicits nominations from the public in five categories. A committee of judges from all facets of health care picks three finalists, including a winner, in each category.

 

2013 Book
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IBJ's annual Book of Lists has been an essential resource for the Indianapolis-area business community for almost 30 years. The 2013 Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.

 


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                              2013   Mira Awards 2013
Read about the Best of Tech in Indiana as TechPoint celebrates the 2013 Mira Awards winners and finalists. Technology is changing the world – how we communicate, how we work and how we spend our time. Mira recognizes Indiana companies, universities, educators and leaders that are driving change.

 

2013 Giving Guide   Giving Guide
Not-for-profits play a huge role in the quality of life within the Indianapolis region. The 2013 Giving Guide showcases the mission, progress, governance and intiatives of these featured organizations.

 

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Forefront

Forefront

Forefront 050613

In this issue of Forefront, Mark Souder compares how Mike Pence, David Long and Brian Bosma reacted to Republican losses in November. Mitch Daniels asks if college graduates are prepared to tackle the national debt. Also, Ted Boehm, Kathy Davis, James H. Madison and Cecil Bohanon analyze the legislative session, and Sam Odle suggests regulating bullets like drugs.
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