News & Analysis

Big names lining up to tackle Market Square siteRestricted Content

April 20, 2013
Scott Olson
City officials will have at least four proposals to consider for redevelopment of a downtown parking lot where Market Square Arena once stood. Bids are due to the city by April 22.
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Charges flew after IU-Kokomo chancellor's sudden exitRestricted Content

April 20, 2013
J.K. Wall
When Michael Harris resigned abruptly last September as chancellor of Indiana University’s Kokomo campus, he did not go quietly, according to a series of emails he exchanged with IU administrators.
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Advocates for mass transit may need to ante upRestricted Content

April 20, 2013
Kathleen McLaughlin
The Indianapolis area’s largest employers have spent millions of dollars studying and promoting regional mass transit, but if the idea is going to get past the Legislature, they might have to put money into the $1.3 billion system as well.
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Noblesville legal practice adds consulting servicesRestricted Content

April 20, 2013
The Noblesville law firm of Church Church Hittle & Antrim has acquired Indianapolis-based consulting firms Educational Services Co. and Governmental Consulting Services.
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Mayor Ballard joins infrastructure task forceRestricted Content

April 20, 2013
Indianapolis Mayor Greg Ballard is among 17 mayors of large U.S. cities that joined a new infrastructure task force convened by the Clinton Global Initiative.
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Quality Connection names new executive directorRestricted Content

April 20, 2013
 IBJ Staff
The Quality Connection trades group has named former Indianapolis Downtown Inc. marketing chief Julia Watson to succeed Tom O’Donnell as executive director.
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Premium parking rates at airport to rise under new pact

April 19, 2013
Kathleen McLaughlin
The Indianapolis International Airport will boost revenue with a new deal with its valet-parking provider and lease payments from a second 75-acre solar farm.
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Marketing firm's founder mulls top IndyCar job, company sale

April 19, 2013
Anthony Schoettle
Spire Capital Partners has put its 50-percent stake in Zionsville-based Just Marketing International on the market, as the company's founder, Zak Brown, reportedly mulls accepting an offer to be CEO of the IndyCar racing series.
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Pace of venture capital funding slows in Indiana, Midwest

April 19, 2013
J.K. Wall
Seven Indiana companies attracted $16.4 million in venture capital during the first quarter. Nearly all the money was paid out to Carmel-based ChaCha Search Inc., which secured a $14 million investment in January.
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State sheds jobs; unemployment rate holds steady

April 19, 2013
 IBJ Staff
The Indiana Department of Workforce Development said Friday morning that the loss of jobs was the first monthly decline for the state in more than a year.
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Report: ExactTarget mulling 200-person Atlanta office

April 19, 2013
Dan Human
The expansion by the Indianapolis-based digital marketer would follow its $95.5 million purchase last year of Atlanta-based marketing automation firm Pardot.
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First Internet earnings surge on commercial loan growth

April 19, 2013
 IBJ Staff
The Indianapolis-based bank's commercial loan portfolio grew to $109.1 million, a rise of 62 percent compared with the first quarter of 2012. Commercial real estate loans rose 46 percent.
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Execs at Chromcraft Revington enter talks to buy firm

April 19, 2013
 IBJ Staff
Members of the management team are in negotiations to buy the West Lafayette-based furniture maker, which recently moved to delist from the New York Stock Exchange.
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Lawmakers draw close on limited voucher-expansion plan

April 18, 2013
Associated Press
Legislators are hammering out a modest expansion of the state's school voucher program following a meeting of House and Senate lawmakers.
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Bosma weighs changes to disclosure rules for legislators

April 18, 2013
Associated Press
The Indiana House Speaker said he's considering changes to rules governing what lawmakers must disclose about their personal and financial ties, after learning about a powerful state rep's work helping a client of his lobbyist daughter.
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Online sales-tax proposal hits Senate roadblock

April 18, 2013
Associated Press
Republican state senators have blocked a vote on a bill that would force Amazon.com and some other online-only retailers to start collecting Indiana's 7-percent sales tax this summer.
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Grand Design RV plans 500 jobs in Elkhart County

April 18, 2013
Associated Press
Grand Design RV in Middlebury on Thursday said it plans to locate its headquarters and manufacturing operations in the Elkhart County town about 30 miles east of South Bend.
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NBC extends Notre Dame football contract through 2025

April 18, 2013
Associated Press
Notre Dame and NBC said the extension would begin in 2016 and run through the 2025 season. Financial terms were not announced. The current five-year contract is reportedly worth $15 million annually.
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Lilly's $30.6M tax abatement request clears hurdle

April 18, 2013
 IBJ Staff
The pharmaceutical firm has $400 million in projects in the works for its facilities south of downtown. City officials have advanced its request for tax breaks to a public hearing and final consideration May 1.
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Unemployment aid applications signal stable hiring

April 18, 2013
Associated Press
The number of Americans seeking unemployment benefits increased just 4,000 last week, to a seasonally adjusted 352,000.
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Lafayette key to Subaru ending dealer shortages, exec says

April 18, 2013
Bloomberg News
Fuji Heavy Industries Ltd., the Japanese maker of Subaru cars, intends to end a shortage of its vehicles at U.S. dealerships soon by expanding capacity at its Lafayette plant.
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Sewage overflow in Geist prompts state notice to utility

April 18, 2013
Dan Human
A state investigation has turned up possible environmental-rule violations by a Fishers-based utility company related to the sewage overflow last December.
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Carmel council wary of $100M Pedcor project

April 18, 2013
Andrea Muirragui Davis
Pedcor Cos. wants to apply for a state tax credit to help fund an upscale $100 million housing and office development in Carmel's Midtown. But City Council members are holding it at arm's length for now.
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Pence makes final plea for tax cut in budget

April 17, 2013
Associated Press
While arguing for a 10-percent cut in the state's income tax, Pence also said he would like to see a quicker phase-out of the state's inheritance tax.
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Indiana foreclosure prevention program expanding

April 17, 2013
Associated Press
State officials estimate that about 10,000 Indiana homeowners will get help in making their mortgage payments under an expansion of a federally funded foreclosure prevention program.
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