News & Analysis

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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Bosma hopes General Assembly adjourns early

April 17, 2013
Associated Press
Issues that remain undecided include the income tax cut sought by Gov. Mike Pence and a proposed expansion of the private school voucher program.
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Indiana stage-rules extension approved by legislators

April 17, 2013
Associated Press
State lawmakers have given final approval to a two-year extension of regulations on temporary outdoor stage rigging developed after the deadly Indiana State Fair stage collapse.
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Extra security set for this weekend's Little 500

April 17, 2013
Associated Press
Heightened security measures and an expanded police presence will greet visitors at this weekend's annual Little 500 bicycle races in response to Monday's deadly explosions at the Boston Marathon.
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EPA eyes repairs to underground Indiana waste barrier

April 17, 2013
Associated Press
Work to rebuild a defective underground barrier designed to hold back tainted soil and groundwater at the site of a former auto parts plant should hopefully begin this year, the site's federal manager says.
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Mayor drops plan to privatize City-County Building

April 17, 2013
Kathleen McLaughlin
City rejects proposals from four private-sector real estate teams and signs a 10-year lease extension with the existing building manager.
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General Assembly negotiators to hammer out state budget

April 17, 2013
Associated Press
House and Senate negotiators will take into account a rosier revenue forecast when they begin meeting Wednesday for the first of a series of meetings that will determine the final shape of Indiana's next state budget.
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Daniels revises Purdue wage-freeze plan amid input

April 16, 2013
Associated Press
Purdue University administrators earning more than $50,000 will be eligible for merit raises under a change to a plan President Mitch Daniels proposed last month to compensate for a two-year tuition freeze.
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  1. Irvington is up and coming much like Fountain Square. We would love to have something like this in our neighborhood!

  2. Why do we care who has submitted proposals if we can't review the proposals? It's publicly owned land, but the public has zero say in what gets chosen to be built there. Yep, that sounds about right.

  3. Perhaps May 21 is "Evangelical Day" over at the IBJ?

  4. I don't know what's more depressing: that this passes for a defensible elective in a publicly funded SCIENCE class, or that more than half of the posters here are defending this charlatan. Intelligent design is creationism. Creationism is religion. Yes, we have freedom of religion, which deserves to be protected. Now someone kindly show Professor Hedin his freedom by escorting him over to the Religion department at BSU. Carry on.

  5. I hope people realize that the 'vocal' opposition at the meeting represent the minority of people against this project. As with any controversial project - those who don't want it are the loudest, while those who like it or really don't care one way or the other don't come to such meetings. Unfortunately the same may be true of the survey now being offered by the BRVA. I live less than a 5 minute walk from BR Avenue and can tell you that I and most of my neighbors are support this exciting project, or are ambivalent. And how great that it includes quality apartments - something that BR sorely lacks. This is a first class opportunity that we should embrace (and no, I'm not with the BRVA or the developer.) As for the fellow who owns the Good Earth store, if he doesn't want competition then let him pull together his own investors and out bid Whole Foods to operate the proposed grocery component! Come on folks - let's move ahead.

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