News & Analysis

Spending data show strong December sales

January 5, 2011
Associated Press
Americans spent more on clothes, shoes, luxury goods and electronics in December than a year earlier, according to data released Wednesday.
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New doc lifts Community breast biz

January 5, 2011
J.K. Wall
Community Health Network wooed Dr. Robert J. Goulet Jr. to join its breast-surgery team from the Indiana University Simon Cancer Center. The move fits nicely with Community’s focus on breast-care services and the economics of health care.
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Latest iPhone app: Baby EKG

January 5, 2011
J.K. Wall
Mobile medicine has arrived. Decatur County Memorial Hospital in Greensburg became the first hospital in Indiana to start using AirStrip OB, a patient-monitoring system that sends things like the heartbeat waves of patients directly to physicians’ iPhones, BlackBerrys or other mobile devices.
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Marsh in Shelbyville among latest stores to close

January 5, 2011
Scott Olson
The supermarket chain has closed a store in Rushville and will shut others in Shelbyville and Connersville by the end of February. The closures will leave Marsh with 97 stores, about half of which are in Indianapolis.
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Lilly bumped up federal lobbying in third quarter

January 4, 2011
Associated Press
The Indianapolis-based drugmaker spent $2.1 million in the three months that ended Sept. 30, a 5-percent increase from the same quarter last year and a jump of more than 30 percent from the $1.6 million it spent in this year's second quarter.
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Schools chief, union head recruit mentors for children

January 4, 2011
Associated Press
State school superintendent Tony Bennett, a Republican, and the leader of Indiana's largest teachers union made a rare joint appearance Tuesday to promote a mentoring program.
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Brightpoint expansion includes three buildings

January 4, 2011
The distributor of wireless devices has completed its purchase of a 533,000-square-foot facility in the AllPoints Midwest business park in Plainfield and is leasing a 200,000 square-foot building, also in Plainfield.
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UPDATE: Convention leaders prepare for business without Welsh

January 4, 2011
Anthony Schoettle
Don Welsh was seen as a revolutionary force as CEO of the Indianapolis Convention & Visitors Association. Now he may be one of its biggest competitors as he takes the top job in Chicago.
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Law firm launches economic development consultancy

January 4, 2011
Scott Olson
Barnes & Thornburg aligns with new venture BT ProjectPoint LLC to provide clients economic development and project-financing consulting services.
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Daniels wins award for fiscal responsibility

January 4, 2011
Associated Press
The first ever "Fiscy Awards" will be presented this week to Indiana Gov. Mitch Daniels, Democratic Sen. Kent Conrad of North Dakota and Republican Rep. Paul Ryan of Wisconsin.
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Local office market continues vacancy struggles

January 4, 2011
 IBJ Staff
The Indianapolis office market suffered through a tough 2010, marked by stagnant and high downtown vacancy rates, falling suburban occupancy rates and another year without construction activity.
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Commercial real estate will continue its climb back in 2011

January 4, 2011
Tom Harton
Medical office likely will be the strongest sector, followed by apartments.
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ICVA chief leaving Indianapolis for Chicago

January 3, 2011
 IBJ Staff
Don Welsh, the top executive at the Indianapolis Convention & Visitors Association since 2008, is leaving the city to take the job as CEO of the Chicago Convention & Tourism Bureau, the ICVA announced Monday night.
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Local hotel bookings fell in 2010, projected to rise in 2011

January 3, 2011
Anthony Schoettle
Weak economy blamed for 5-percent decline. With Indiana Convention Center expansion set to be complete this month, booking should be on the rise.
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Jackson Group acquired by Houston company

January 3, 2011
Indianapolis-based The Jackson Group had 132 employees in mid-2010, ranking it the sixth-largest woman-owned business in the area, according to IBJ research.
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Lilly, other big drugmakers shut out by FDA in 2010

January 3, 2011
 IBJ Staff and Bloomberg News
Regulators cleared 21 medicines, the fewest since 2007, for sale last year. It was the first time in a decade that Pfizer Inc., the world's largest drugmaker, as well as Lilly, Merck & Co. and Bristol-Myers Squibb Co. were shut out at the same time, according to agency records.
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Group plans ad campaign to back school choice

January 2, 2011
Associated Press
The Foundation for Educational Choice, an Indianapolis-based not-for-profit, expects to spend $400,000 to $500,000 on the advertising campaign in Indiana
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Indiana license branches no longer renewing plates

January 2, 2011
Associated Press
Starting Monday, all Indiana residents will have to order their registration cards, stickers and plates online or by mail, the Indiana Bureau of Motor Vehicles said.
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Indiana lawmakers to face more tough budget decisions

January 1, 2011
Associated Press
When lawmakers open their new session Wednesday, they won't have some of the advantages they had during the last budget-writing debate in 2009. This time around, there will be no $1 billion in federal stimulus money to keep the budget afloat.
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Indianapolis Indians profitable for 35th straight year

January 1, 2011
Anthony Schoettle
The minor-league professional baseball team continues to pull in fans and sponsors as Hoosiers seek affordable family entertainment.
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Indianapolis startup scene gains momentum

January 1, 2011
Francesca Jarosz
HackersFounders_WatchVideoAbout 200 members of the Hackers and Founders group meet monthly—perhaps the most clear and strong signal that Indianapolis’ young entrepreneur community is reaching a tipping point.
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Goodwill angles for donations during weak economy

January 1, 2011
Kathleen McLaughlin
The recovering, yet-still-weak economy puts charity retailer Goodwill in a sweet position. Consumer spending is up, so more old stuff makes its way to thrift stores. At the same time, high unemployment means the bargain hunters are still out in force.
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Indiana-based mutual funds stage comeback

January 1, 2011
Francesca Jarosz
Funds ride resurgent market after taking a beating in the financial crisis.
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Money flowing to international marketsRestricted Content

January 1, 2011
Sam Brattain
Booming growth, rising middle classes are attracting investors.
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Indy Power sees big potential in grid power storageRestricted Content

January 1, 2011
Chris O'Malley
Three-year-old Indy Power Systems’ first big sale is outside the sizzling, electric car segment. The Noblesville firm has landed a contract with Melink Corp. to supply a 50-kilowatt grid energy storage and peak-shaving system at the company’s Cincinnati headquarters.<
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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