News & Analysis

Indiana Democrats deal with education split

July 21, 2014
Associated Press analysis
The fighting has exposed a deep rift within the party over how students are educated.
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Steel Dynamics buying Mississippi plant for $1.6B

July 21, 2014
 Bloomberg News and IBJ Staff
Fort Wayne-based Steel Dynamics said the plant it is buying from a company controlled by Russian billionaire Alexey Mordashov is one of the newest and most technologically advanced mini-mills in North America.
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Ag-gag laws facing federal court challenges

July 20, 2014
 Associated Press and IBJ Staff
The years-long fight between farm organizations and animal rights activists over laws prohibiting secretly filmed documentation of animal abuse is moving from state legislatures to federal courts as laws in Utah and Idaho face constitutional challenges.
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Prosecutors: Expungement law has good, bad sides

July 20, 2014
Associated Press
An Indiana law allowing some criminals to have their records expunged is drawing mixed reviews from judges and attorneys, who say parts of the law don't make sense.
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Western Indiana health care system announces cuts

July 19, 2014
Associated Press
A health care system that includes a Terre Haute hospital says it will cut 150 jobs by the end of the year.
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Competition soars at Indianapolis-area airports

July 19, 2014
Chris O'Malley
An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.
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Want to lease a Lamborghini in Indy? Good luckRestricted Content

July 19, 2014
Sam Stall
There is little appetite for spending 'stupid money' in Indianapolis, or just about anywhere in the Midwest, for that matter.
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Kite CEO 'not afraid to continue to grow'Restricted Content

July 19, 2014
Scott Olson
In an interview with IBJ, Kite Realty Group Trust CEO John Kite discusses the $1.2 billion acquisition of Illinois-based Inland Diversified Real Estate Trust, potential redevelopment of Pan Am Plaza and its hopes to keep a branch of the Indianapolis-Marion County Public Library at Glendale Town Center.
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Hospitals' occupancy declining over long term

July 19, 2014
J.K. Wall
Advances in non-invasive surgeries, changes in health care financing and now increasingly price-sensitive patients accelerate what has been a 40-year decline in the number of patients spending the night in hospitals.
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Former newspaper editor now telling stories on screen

July 19, 2014
Anthony Schoettle
Documentary filmmaker Ted Green recently completed production of “Bobby Slick Leonard: Heart of a Hoosier,” a 90-minute documentary that will debut at Bankers Life Fieldhouse July 29.
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Spec distribution center fully leased in AnsonRestricted Content

July 19, 2014
 IBJ Staff
A joint venture between developers Browning Investments Inc. and Duke Realty Corp. announced July 15 that Chattanoogo Tenn.-based Kenco, a third-party logistics provider, has taken the remaining 257,000 square feet.
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Drone startup off to flying start

July 19, 2014
Dan Human
Two friends and drone enthusiasts in 2012 hatched the idea, as a side gig, to build flying devices small enough to fit in a briefcase. But the idea shifted to a full-scale manufacturing operation that will launch in mid-August and is projected to produce up to $10 million in revenue next year.
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Financial planner parlays meals for clients into money lessons

July 19, 2014
Andrea Muirragui Davis
Joe Clark says the two things that seem to matter to people the most are food and money. He has found a way to combine the two, cooking for client families in their homes once or twice a month as he answers questions and gets to know them better.
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Suit tests INDOT policy of charging for highway repairs

July 19, 2014
Kathleen McLaughlin
A trucking company is challenging the Indiana Department of Transportation’s authority to sue for damage to state property, a lawsuit that could affect thousands of motorists and millions of dollars in revenue.
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Security to be tight at Expo this weekend

July 18, 2014
Associated Press
Indianapolis officials are taking extra steps to ensure safety at Indiana Black Expo's Summer Celebration in a year that has seen a surge in homicides.
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State to scope downtown block for new offices, parking

July 18, 2014
Kathleen McLaughlin
The Office of Management and Budget will study a state-owned parcel just north of the Statehouse, potentially to house the judiciary and provide more legislative office space.
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Clock ticks on Wigwam's fate

July 18, 2014
Associated Press
Anderson officials say the city will take ownership of the iconic gym, but only if it has a binding agreement by Sept. 2 with a group to reopen the Wigwam.
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Top NCAA hoops official retiring after 2015 season

July 18, 2014
Associated Press
John Adams, 65, the head of college basketball officiating, will retire following April's national championship game in Indianapolis.
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Plane piloted by Simon exec made 'popping' noise before crash

July 18, 2014
Associated Press
A preliminary report by the National Transportation Safety Board quotes two witnesses as saying they saw the airplane trailing blue smoke during its takeoff and described the sound of the engine as "popping" or misfiring.
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Candidates raise, spend little in quiet election cycle

July 18, 2014
Associated Press
Indiana's 2014 election cycle may lack the marquee battles of two years ago, but candidates are still collecting dollars ahead of November's elections.
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Pence: Austerity steps needed despite big reserves

July 18, 2014
Associated Press
The governor's administration has told state agencies to hold back 4.5 percent of their funding for the current fiscal year despite the state's $2 billion in reserves.
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IU says no victims reported in data breach

July 17, 2014
Associated Press
Data including names, addresses and Social Security numbers of those who attended IU from 2011 to 2014 was unsecured for more than 11 months because protections weren't working correctly.
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Mayor names new fire chief

July 17, 2014
Kathleen McLaughlin
Indianapolis Fire Department veteran Ernest Malone replaces Brian Sanford, who will retire because of illness.
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Vanity plate issue likely not settled for state

July 17, 2014
Associated Press
The Indiana Bureau of Motor Vehicles must resume issuing personalized license plates, a Marion County judge ordered Wednesday, but the department has said it intends to appeal to the Indiana Supreme Court.
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UPDATE: Microsoft to cut up to 18,000 jobs in next year

July 17, 2014
Associated Press
The layoffs were double what Wall Street was expecting after the computing giant's CEO altered course last week. The firm had just completed its acquisition of Nokia's devices business in April.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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