News & Analysis

$8 million estate to benefit 13 local groups

March 11, 2011
Kathleen McLaughlin
Local attorney Lawrence Reuben has chosen two fledgling organizations—the Immigrant Welcome Center and Grameen Bank of Indiana—for the largest of $8 million in gifts from his mother’s estate.
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Indiana closes monument for repairs

March 10, 2011
Associated Press
Indiana says it's closing the Soldiers' and Sailors monument in downtown Indianapolis until November for repairs.
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Merger with Teradata fueling Aprimo's growth

March 10, 2011
Godfrey Watch VideoAprimo Inc. ratchets up customers, sales and market presence under new owner Teradata, and will continue job growth plans for Indianapolis.
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Thousands gather for union rally at Statehouse

March 10, 2011
 IBJ Staff and Associated Press
Thousands of Indiana union members held signs, chanted slogans and cheered speakers outside the Statehouse on Thursday at a rally to protest Republican-backed bills they consider an attack on public education and labor unions.
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Massive Indy startup group heads south for convention

March 10, 2011
Francesca Jarosz
More than 100 local technology entrepreneurs will depart Thursday for what some call the Super Bowl of the startup world: the South by Southwest Interactive Conference.
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State unemployment rate dips to 9.1 percent

March 10, 2011
After topping out at 10.2 percent last summer, Indiana's jobless rate has been steadily declining.
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Hurco turns first quarterly profit in two years

March 10, 2011
The Indianapolis-based machine tool maker reported profit of $1.5 million on revenue of $39.7 million in its fiscal first quarter.
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Irsay, Simon tie on magazine's world's-richest list

March 10, 2011
 IBJ Staff
In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made the list.
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Senate panel considers proposal to expand charters

March 9, 2011
Associated Press
The Senate Education Committee heard hours of testimony about the bill and details of a new study that found Indiana students who transferred to charter schools showed greater learning gains than their peers who stayed in traditional public schools.
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Indiana House leaders more genial over boycott

March 9, 2011
Associated Press
More than two weeks after Democratic lawmakers fled Indiana to block GOP-backed legislation, both sides gave optimistic signals Wednesday about resolving the stalemate.
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Local business accused of selling illegal immigration services

March 9, 2011
The Indiana Attorney General's Office filed suit Wednesday against The Mexican Civic Association of Indiana Inc. for allegedly offering immigration advice without a license to practice law.
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Charter-school boosters tout findings of new study

March 9, 2011
Francesca Jarosz
Charter-school advocates are touting a Stanford University study released Wednesday as support for their case to expand charters throughout the state.
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Virginia not-for-profit suing Duke Realty for $30M

March 9, 2011
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department of Defense, which plans to build a bomb-inspection facility on the site.
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Smoking concerns cloud city’s hosting of Big Ten tourney

March 9, 2011
Scott Olson
A group of Michigan State University alumni are upset that their school is paired with the Slippery Noodle Inn, a smoking establishment, in a city promotion that matches Big Ten universities with downtown bars and restaurants during the men's basketball tournament.
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LEADING QUESTIONS: Sarah Evans Barker won't stop

March 9, 2011
Mason King
LQ_Barker_WatchVideoHow did Indiana's first female federal judge go from clueless student to the bench? Would she be a good fit for the Supreme Court? When will she retire? Sarah Evans Barker presents her findings.
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New federal rules prompt ITT to change bonus-pay criteria

March 9, 2011
Scott Olson
The Carmel-based for-profit educator still will pay its top executives bonuses, but they'll no longer be tied to school enrollment, the company said Tuesday in a proxy filing.
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Competition seeks ideas for Monument Circle

March 9, 2011
A competition that could influence the future look and use of Monument Circle was unveiled Wednesday morning by a partnership that includes the city of Indianapolis and the state of Indiana.
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Northstar Aerospace closing Anderson plant; 48 jobs lost

March 9, 2011
Workers will be let go in three stages beginning May 1, and the plant is expected to permanently close by June 24.
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Lilly suffers another bruise from Novo

March 9, 2011
J.K. Wall
The failure of its drug Bydureon to match the performance of Novo’s Victoza trims but doesn’t kill sales prospects for the highly touted diabetes drug.
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Health insurance costs spike worldwide

March 9, 2011
J.K. Wall
Think galloping health insurance costs are a problem unique to American employers? Think again. Medical costs paid by employer-focused health insurers rose by an average of 10 percent last year—identical to the United States.
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Q&A: Tony Lennen

March 9, 2011
J.K. Wall
Tony Lennen became president of Community Hospital South in 2009, overseeing a 50-bed expansion that was completed last summer, giving the hospital 150 private rooms. The facility, located along the line between Marion and Johnson counties, competes against nearby facilities run by Franciscan St. Francis Health, Indiana University Health and Johnson Memorial Hospital.
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Lilly confident of FDA approval for Amyvid, Lechleiter says

March 9, 2011
Bloomberg News
Eli Lilly and Co. CEO John Lechleiter said he’s confident of gaining U.S. regulatory approval for a drug to help identify plaque in the brain associated with Alzheimer’s disease.
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GOP leaders consider ways to move on without Dems

March 8, 2011
Associated Press
Frustrated Republicans say they won't be bullied into changing their agenda, and Democrats showed no signs of backing down — with one lawmaker vowing to stay in Urbana, Ill., "until hell freezes over."
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Prosecutors seek another probe involving White

March 8, 2011
Associated Press
Two special prosecutors have asked the Indiana inspector general to investigate whether indicted Secretary of State Charlie White improperly accessed a report detailing evidence of alleged voter fraud against him.
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Indy Partnership makes leadership change official

March 8, 2011
In a move IBJ reported Feb. 15, Scott Fulford, a member of the organization's business development team, has been picked to lead Indiana Partnership, the group announced Tuesday.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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