News & Analysis

Teach for America to double presence in IndianapolisRestricted Content

July 23, 2011
J.K. Wall
The New York-based not-for-profit, which opened shop in Indianapolis in 2008, plans to train 100 teachers in the summer of 2012, up from 50 this year.
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Homegrown firm creates stir with Bloody Mary mix

July 23, 2011
Andrew Smith
Hoosier Momma Bloody Mary mix started 18 months ago and already is a profitable entity available in 350 locations and six states. This month, Hoosier Momma expanded into Kentucky, thanks to a deal with national distribution giant Southern Wine and Spirits.
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Indianapolis eyes TIF surplus to shore up city coffersRestricted Content

July 23, 2011
Francesca Jarosz
The city is considering ways to channel money captured for economic development in some of its 22 tax-increment-financing districts to units such as libraries and city-county government.
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Partner pay up at local law firmsRestricted Content

July 23, 2011
Scott Olson
Partners at Indianapolis’ three largest law firms—Barnes & Thornburg LLP, Baker & Daniels LLP and Ice Miller LLP—are enjoying healthy pay increases despite the tough economic times.
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City poised to rebrand, revamp Georgia Street

July 23, 2011
Cory Schouten
Community and business leaders are considering whether to change the name of a three-block portion of Georgia Street as part of a $12 million streetscape overhaul.
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New Indianapolis tourism chief calls for bigger marketing budgetRestricted Content

July 23, 2011
Anthony Schoettle
In an interview with Indianapolis Business Journal reporter Anthony Schoettle, Leonard Hoops, the incoming CEO of the Indianapolis Convention & Visitors Association, says Indianapolis warrants its own brand.
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Tech district could boost Indianapolis' convention businessRestricted Content

July 23, 2011
Scott Olson
The Indianapolis Convention & Visitors Association plans to attract more life sciences conferences.
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Indianapolis outpaces Atlanta pound-for-pound on tourismRestricted Content

July 23, 2011
 IBJ Staff
With 1.8 million people, the Indianapolis area is only one-third the size of Atlanta, yet the area holds its own in conventions and tourism. Indianapolis, for example, has about half the convention space of Atlanta.
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Pro athletes' charities often have limited life spansRestricted Content

July 23, 2011
Kathleen McLaughlin
Wealth and fame often lead professional athletes to share their success in the charitable arena, but those efforts rarely last much longer than their careers as the organizations struggle to survive in an already-crowded philanthropic field.
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Downtown hotels beef up tech offerings to remain competitiveRestricted Content

July 23, 2011
Gabrielle Poshadlo
The new JW Marriott is one of the factors motivating other hotels to do multi-million-dollar updates.
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Black Expo sees attendance rise at Summer Celebration

July 22, 2011
Kathleen McLaughlin
Attendance at Indiana Black Expo's Summer Celebration was up 5 percent compared to last year, the local organization reported Friday afternoon.
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Frontier Airlines plans return to normal service

July 22, 2011
Associated Press
Frontier Airlines says it expects to return to normal service including a full schedule on Saturday after repairing planes that were damaged by hail.
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State names potential turnaround operators for failing schools

July 22, 2011
J.K. Wall
New York-based EdisonLearning, Florida-based Charters Schools USA Inc. and Indianapolis-based EdPower could be given control of one or more of the seven schools judged failing by the state.
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Mayoral foe: Utilities sale money should fund 'human capital'

July 22, 2011
Francesca Jarosz
Democratic mayoral candidate Melina Kennedy unveiled a proposal Friday to set aside $150 million in proceeds from the sale of the city's water and sewer utilities to fund early education, crime prevention and job training.
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Pacers: Lockout won't sting employees, ticket holders

July 22, 2011
Anthony Schoettle
The Indiana Pacers don't plan to lay off staff, and they are promising to pay ticket holders cash, plus interest, if any NBA games are canceled during the upcoming season due to the lockout.
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Plans progress for once-doomed City Market west wing

July 22, 2011
Scott Olson
Directors of the historic building on Thursday approved a proposal to use the west wing for office space, and as the home of the Indy Winter Farmers Market.
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Indiana's unemployment rate ticks up to 8.3 percent

July 22, 2011
 IBJ Staff
After remaining stagnant in April and May, the state's jobless rate rose one-tenth of a point in June.
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Tech consultant Allegient plans expansion, 42 jobs

July 22, 2011
 IBJ Staff
Carmel-based IT consultant Allegient LLC plans to grow its central Indiana operations, adding as many as 42 jobs over the next five years.
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Pro-voucher mom defends Indiana choice program

July 21, 2011
Associated Press
A woman who says her oldest child thrived in Roman Catholic schools after struggling in Indiana's public education system defended the state's broad new voucher law.
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States cut programs to help poor cool their homes

July 21, 2011
Associated Press
Many states hit hardest by this week's searing heat wave have drastically cut or entirely eliminated programs that help poor people pay their electric bills, forcing thousands to go without air conditioning when they need it most.
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Judge: Durham’s home-detention restrictions to continue

July 21, 2011
Scott Olson
A federal judge denied a request from indicted financier Tim Durham to relax the rules of his home detention. The judge also appointed a public defender for his business partner, James F. Cochran.
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Lilly stock rises after drugmaker reports higher sales

July 21, 2011
Investors responded favorably Thursday to Eli Lilly and Co.’s surprisingly strong second-quarter revenue, even though its profit fell due to rapid spending on marketing and research.
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UPDATE: Medco acquisition could lead to local consolidation

July 21, 2011
 IBJ Staff and Bloomberg News
It’s not yet clear how Express Scripts Inc.’s $29.1 billion acquisition of rival Medco Health Solutions will affect the companies’ central Indiana operations—or their 800-plus employees at two facilities here.
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Pfizer won’t break up animal unit for potential Lilly bid

July 21, 2011
Bloomberg News
Pfizer Inc., the world’s biggest drugmaker, said it isn’t interested in breaking up its animal health unit after Indianapolis-based Eli Lilly and Co. expressed interest in buying some of its products.
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Borders liquidation another blow to retail real estate

July 21, 2011
Bloomberg News
Borders Group Inc.’s proposed liquidation will increase available U.S. retail space by about 6.3 million square feet as the industry struggles with near-record vacancy rates and stagnant rents.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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