News & Analysis

Airport Borders store on bankrupt chain's hit list

June 14, 2011
Maria LaMagna
Indianapolis International Airport officials could know by next week whether the Borders bookstore inside the terminal will survive a third round of store closures tied to the chain’s Chapter 11 bankruptcy proceedings.
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Report paints brighter picture for retail

June 14, 2011
Tom Harton
The real estate investment firm Marcus & Millichap says vacancy rates and tenant concessions in Indianapolis are falling while rents and sale prices are poised to rise.
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State agency rejects Planned Parenthood tax credit

June 13, 2011
Associated Press
Planned Parenthood of Indiana is fighting the Indiana's Housing and Community Development Authority over the loss of a fundraising tax credit because of a new law that strips the not-for-profit of state funding.
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WellPoint pays big to tap fast-growing Medicare market

June 13, 2011
J.K. Wall
Analysts raised their eyebrows at the $800 million reportedly paid by WellPoint Inc. to acquire a West Coast Medicare plan, but with the commercial health insurance business stagnating, Medicare is vital to WellPoint’s future growth.
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City picks team for $15M Broad Ripple parking garage

June 13, 2011
Anthony Schoettle
The structure planned for the southwest corner of Broad Ripple and College avenues also would include first-floor retail space and a police substation. Construction is set to begin this summer and be complete by mid-2012.
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Federal judge dismisses Brightpoint fraud suit

June 13, 2011
Scott Olson
A London-based hedge fund sued Brightpoint over a $10 million loan it alleged the Indianapolis-based mobile phone distributor fraudulently brokered in anticipation of an acquisition that never materialized.
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Medco deal loses its luster

June 13, 2011
J.K. Wall
New Jersey-based Medco has hired just 430 workers in Whitestown—far short of its commitment of 1,400 by 2012—and its business trends suggest the company is shrinking, not growing.
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Q&A

June 13, 2011
J.K. Wall
Vi Shukla is a scientific leader at Indianapolis-based Dow AgroSciences LLC, focused on its Exzact Precision Technology tools for genetic engineering of plants and crops. Dow Agro used the technology in its own crop seed products, and has also been licensing for use in tomatos and trees.
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Republic may cut Frontier stake as pilots offer concessions

June 13, 2011
 IBJ Staff and Bloomberg News
Republic Airways Holdings Inc. agreed to seek new investors for Frontier Airlines, shrinking its stake to become a minority owner, in exchange for concessions from pilots at the unprofitable carrier.
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Anson Group CEO thrives on helping clients work with FDARestricted Content

June 11, 2011
Ann Finch
Colleen Hittle became CEO and sole owner of the Indianapolis-based pharmaceutical and medical device consulting firm in April.
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High schools still track students after graduationRestricted Content

June 11, 2011
J.K. Wall
Even after 45 seniors from Indianapolis Metropolitan High School grabbed their diplomas and threw their mortar boards at a June 4 commencement, they knew they wouldn’t lose touch with their school. It’s not allowed at Indy Met.
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Angie's List eyes expansion sites outside IndianapolisRestricted Content

June 11, 2011
Francesca Jarosz
Consumer ratings service Angie’s List is scoping locations for hundreds of new employees the fast-growing firm plans to hire. And unlike past expansions, it’s looking beyond its East Washington Street headquarters—and Indianapolis.
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Net Literacy teaches Internet skills to those in needRestricted Content

June 11, 2011
Sean Morrison
Teen's brainstorm results in internationally recognized not-for-profit that promotes computer literacy and safety, including programs for financial literacy and computer repurposing for donation to Indianapolis areas in need of the technology.
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Impact of new Indiana voucher law may not be felt for yearsRestricted Content

June 11, 2011
Scott Olson
Parents, schools need time to sift details, experts say.
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Indiana edges toward education guaranteesRestricted Content

June 11, 2011
J.K. Wall
The state is moving to adopt a system that ensures more high school graduates can perform in college or on the job.
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Locally based Business Furniture expands into Illinois, Iowa

June 11, 2011
Anthony Schoettle
New markets to be added later this year are expected to double the company's sales within five years.
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Arizona project bankrupts local developer BodnerRestricted Content

June 11, 2011
Cory Schouten
Bruce Bodner, a quiet but prolific local developer who in the late 1990s bought and revitalized two of downtown’s most recognizable buildings, has filed for bankruptcy after making a doomed bet in Arizona.
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WTHR maintains ratings lead in local newsRestricted Content

June 11, 2011
Anthony Schoettle
WTHR-TV Channel 13 retained its position during the May sweeps period as the most-watched station for news in central Indiana, earning top ratings among the four local television newscasters during eight of the 10 time slots in which it airs local news.
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Critics: City's effort to help ex-offenders ineffectiveRestricted Content

June 11, 2011
Francesca Jarosz
Three years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of that goal but has accomplished little else.
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Black Expo aims for more family friendlinessRestricted Content

June 11, 2011
Kathleen McLaughlin
Indiana Black Expo is working to overcome last summer’s shootings and a recent staff mutiny, but observers say the root of the problem is declining interest among African-American adults in its signature event.
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Few local charities growing their influence outside IndianaRestricted Content

June 11, 2011
Kathleen McLaughlin
At a time when the not-for-profit sector is buzzing with terms like “scaling impact” and “venture philanthropy,” few native not-for-profits have sown seeds outside Indiana. Leaders and funders emphasize the need the serve the local market first.
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City to roll out plan for 16th Street tech corridor

June 10, 2011
Francesca Jarosz
The city of Indianapolis plans to announce a major initiative to turn a stretch of 16th Street northwest of downtown into a hub for biotechnology and other high-tech companies.
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Positron plans $55 million cyclotron project, 80 jobs

June 10, 2011
Andrea Muirragui Davis
Medical imaging equipment maker Positron Corp. has agreed to move its operations to Noblesville, where it plans to invest $55 million to open a high-tech facility that will make isotopes used in cardiac PET scans.
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East-side Ramada fetches $1.3M in online auction

June 10, 2011
Maria LaMagna
It's not yet clear who submitted the winning bid for the 188-room hotel, which is near Interstate 465 and Pendleton Pike.
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State manufacturing, logistics sectors score high marks

June 10, 2011
Scott Olson
The grades were part of an annual report released Friday morning by Conexus Indiana, an industry group that is part of Central Indiana Corporate Partnership. A 4.6-percent increase in employment the past year helped the state's manufacturing sector repeat its "A" grade.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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