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News & Analysis
Tax abatement could help manufacturer add 43 jobs
August 31, 2009
The Indianapolis plant of Rexnord Industries LLC is promising to create 43 jobs and retain hundreds more if the city grants
a five-year tax abatement.
MoreFormer business owner Hockett sentenced for bank fraud
August 31, 2009
Scott OlsonA federal judge this morning sentenced a former Indianapolis business owner to 18 months in prison after he pleaded guilty
to bank fraud in May.
MoreKite Realty Trust CEO unloads $467K in company stock
August 31, 2009
Cory SchoutenThe CEO of Kite Realty Group Trust last week sold 130,000 shares, or nearly a half-million-dollars worth, of the Indianapolis-based
real estate firm’s common stock.
MoreArts funding maintained in city budget proposal
August 31, 2009
Scott OlsonThe Indianapolis arts community is breathing a collective sigh of relief after learning that the city is not expected to reduce
its funding in 2010. The City-County Council will hear public comments tonight on Mayor Greg Ballard’s 2010 budget before
voting on it Sept. 21.
MoreConseco consolidation to save $2.5M a year
August 31, 2009
IBJ StaffConseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment
but will save the company about $2.5 million annually.
MoreFitch strips Indianapolis of prized AAA bond rating
August 29, 2009
Peter SchnitzlerFitch and other rating agencies are concerned that the phase-in of property tax caps will further strain the city's finances.
MoreICVA: Stadium's retractable roof worth the cost
August 29, 2009
Anthony SchoettleThree music events with direct visitor spending estimated at $28 million that were hosted at Lucas Oil Stadium offer proof,
city officials said, that the expense of the retractable roof and other features of the $720 million facility are paying off.
MoreEconomy pushes executives into small firms
August 29, 2009
Peter SchnitzlerIn the recession, folks with former big-company careers
are increasingly taking jobs with small businesses. For some downsized executives, it’s about the desperate need for
a paycheck. Others, who felt impotent and pigeonholed in corporations, discover they prefer the challenge of entrepreneurship.
MoreHHGregg, other retailers await stimulus jolt
August 29, 2009
Cory SchoutenAppliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering
rebates on energy-efficient washers, refrigerators and air conditioners.
MoreFirms hiring Twitter czars to push into social networks
August 29, 2009
Christina GaloozisCompanies are beginning to hire Twitter experts to stay in touch with customers. But the positions require a light touch,
and their effectiveness is difficult to gauge.
MoreShelbyville struggles to reach tech park goals
August 29, 2009
Kathleen McLaughlinDespite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state
standards as it was two years ago.
MoreNoble Roman's wins latest round in fight with franchisees
August 29, 2009
Cory SchoutenA group of former franchisees of Noble Roman’s Inc. has hired a new attorney to represent them in a case against
the chain after a Hamilton County judge tossed their old lawyer.
MoreBloomington's Kilroy's opening downtown Indianapolis outpost
August 29, 2009
Cory SchoutenRestaurateur Paul Murzyn has signed a lease for the 8,700-square-foot, first-floor
space at 201 S. Meridian St., a historic building with luxury condos upstairs.
MoreMainGate Inc. racks up revenue with NFL deals
August 29, 2009
Anthony SchoettleWhen Brett Favre signed with the Minnesota Vikings Aug. 18, cheers could be heard at MainGate Inc.’s 7900 Rockville
Road headquarters. Predictably, Favre jerseys went flying off the shelves—about 6,000 in the first 72 hours—and
MainGate gets to keep a portion of those sales. The Vikings are one of six teams the Indianapolis-based merchandising
specialist has signed deals with in 2-1/2 years, making MainGate one of the biggest retail players in the goliath of professional
sports leagues.
MoreMZD to market volleyball sponsorships
August 29, 2009
Locally based MZD Advertising has signed a contract to market sponsorships and a trade show for the Mizuno Volleyball Mid
East Qualifier, to be held in 2010 in Indianapolis and St. Louis.
MoreLocal high-end home sales in deep slump
August 28, 2009
Scott OlsonSales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale
above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan
Indianapolis Board of Realtors.
MoreState education officials urge greater emphasis on two-year degrees
August 28, 2009
J.K. WallOnly one in 12 Hoosiers has an associate’s degree. That’s a big problem because nearly half of all jobs expected
to be offered in the next decade and beyond will be middle-skill jobs—which require at least some post-secondary credential,
like an associate’s degree, but not a four-year bachelor’s degree.
MoreSaturday Evening Post looks to its past in effort to spark revival
August 28, 2009
Kim PuckettThe Indianapolis-based magazine, which
publishes every other month, launched a redesign in July reminiscent of its glory days, with a retro masthead, narrative cover
art and fiction writing.
MoreHumane Society eyes city for $3M clinic
August 27, 2009
Kathleen McLaughlinThe Humane Society of Indianapolis is shopping for donors to support construction of a $3 million spay/neuter clinic in the
Fountain Square area.
MoreSteak n Shake chief snaps up more shares
August 27, 2009
Cory SchoutenSteak n Shake Co. CEO Sardar Biglari revealed in regulatory filings this week that he spent $1.1 million buying shares in
the locally based burger chain, an apparent vote of confidence in his own turnaround plans.
MoreShoe Carnival's profit flat in second quarter
August 27, 2009
IBJ StaffEvansville-based Shoe Carnival Inc. today reported flat profit and declining same-stores sales in its fiscal second quarter.
MoreIvy Tech saving facade for classroom building
August 27, 2009
Cory SchoutenIvy Tech Community College plans to save the facade of a historic former hospital along Fall Creek Parkway and build a new
150,000-square-foot academic building behind it.
MoreRadio veteran Morgan jumps to Emmis from IMS
August 26, 2009
Anthony SchoettleLong-time radio veteran Charlie Morgan is leaving his post heading up broadcasting for Indianapolis Motor Speedway and Indy
Racing League to lead Emmis Communications Corp. radio stations in Indianapolis.
MoreKokomo plants benefit from 'clunkers' program
August 26, 2009
The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler
plants.
MoreStar union approves new 2-year contract
August 25, 2009
IBJ StaffThe Indianapolis Newspaper Guild voted 56-45 today to ratify a new, two-year contract with the Gannett Co.-owned Indianapolis
Star
that includes a 10-percent pay cut and two-year wage freeze.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.