News & Analysis

Jackson Group acquired by Houston company

January 3, 2011
Indianapolis-based The Jackson Group had 132 employees in mid-2010, ranking it the sixth-largest woman-owned business in the area, according to IBJ research.
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Lilly, other big drugmakers shut out by FDA in 2010

January 3, 2011
 IBJ Staff and Bloomberg News
Regulators cleared 21 medicines, the fewest since 2007, for sale last year. It was the first time in a decade that Pfizer Inc., the world's largest drugmaker, as well as Lilly, Merck & Co. and Bristol-Myers Squibb Co. were shut out at the same time, according to agency records.
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Group plans ad campaign to back school choice

January 2, 2011
Associated Press
The Foundation for Educational Choice, an Indianapolis-based not-for-profit, expects to spend $400,000 to $500,000 on the advertising campaign in Indiana
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Indiana license branches no longer renewing plates

January 2, 2011
Associated Press
Starting Monday, all Indiana residents will have to order their registration cards, stickers and plates online or by mail, the Indiana Bureau of Motor Vehicles said.
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Indiana lawmakers to face more tough budget decisions

January 1, 2011
Associated Press
When lawmakers open their new session Wednesday, they won't have some of the advantages they had during the last budget-writing debate in 2009. This time around, there will be no $1 billion in federal stimulus money to keep the budget afloat.
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Indianapolis Indians profitable for 35th straight year

January 1, 2011
Anthony Schoettle
The minor-league professional baseball team continues to pull in fans and sponsors as Hoosiers seek affordable family entertainment.
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Indianapolis startup scene gains momentum

January 1, 2011
Francesca Jarosz
HackersFounders_WatchVideoAbout 200 members of the Hackers and Founders group meet monthly—perhaps the most clear and strong signal that Indianapolis’ young entrepreneur community is reaching a tipping point.
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Goodwill angles for donations during weak economy

January 1, 2011
Kathleen McLaughlin
The recovering, yet-still-weak economy puts charity retailer Goodwill in a sweet position. Consumer spending is up, so more old stuff makes its way to thrift stores. At the same time, high unemployment means the bargain hunters are still out in force.
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Indiana-based mutual funds stage comeback

January 1, 2011
Francesca Jarosz
Funds ride resurgent market after taking a beating in the financial crisis.
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Money flowing to international marketsRestricted Content

January 1, 2011
Sam Brattain
Booming growth, rising middle classes are attracting investors.
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Indy Power sees big potential in grid power storageRestricted Content

January 1, 2011
Chris O'Malley
Three-year-old Indy Power Systems’ first big sale is outside the sizzling, electric car segment. The Noblesville firm has landed a contract with Melink Corp. to supply a 50-kilowatt grid energy storage and peak-shaving system at the company’s Cincinnati headquarters.<
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Key road projects await busy INDOTRestricted Content

January 1, 2011
Chris O'Malley
The ongoing rehab of Interstate 465 will continue to be the biggest highway project in the metro area in 2011, but the rebuilding of an 11-mile segment on the west side could be all but finished by the end of the year—just when other significant highway projects will get under way in the metro area.
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Arts endowments bouncing backRestricted Content

January 1, 2011
Kathleen McLaughlin
The stock market’s recovery has lifted endowments that provide major support to local arts groups, but managers are keeping the conservative attitude they were forced to adopt two years ago.
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State's next economic initiative to revolve around militaryRestricted Content

January 1, 2011
Francesca Jarosz
Indiana economic-development officials are in the beginning stages of forming a marketing initiative—dubbed the Indiana Center for Complex Operations, or ICCO—to market the state’s budding defense sector.
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Embattled prosecutor Brizzi plans new business

December 31, 2010
 IBJ Staff and Associated Press
Marion County Prosecutor Carl Brizzi said he plans a new business in reputation management. He will also work as an attorney from offices in Hamilton County and Indianapolis.
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Governor wants revamped teacher evaluations

December 31, 2010
Associated Press
Republican Gov. Mitch Daniels and state schools superintendent Tony Bennett say Indiana needs a more honest look at the job teachers and principals are doing.
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Indiana Medicaid cuts likely to be followed by more

December 30, 2010
Associated Press
The Office of Medicaid Policy and Planning has approved a series of emergency rules that it expects to save a total of $4.1 million over the next six months, but that will make up for only a small portion of the $31.4 million shortfall the agency anticipates for the fiscal year.
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Real estate startup hopes to raise millions in stock offering

December 30, 2010
Cory Schouten
A group of local entrepreneurs has filed plans with with the SEC to raise as much as $306 million to buy real estate assets in a so-called "blind pool" stock offering.
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Broadband provider sends troubling financial signals

December 30, 2010
Chris O'Malley
Omnicity Corp. is a half-year behind in payments to a Muncie lender and faces several lawsuits over unpaid bills from companies it acquired.
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Roche acquires Marcadia Biotech

December 30, 2010
Chris O'Malley
Marcadia Biotech Inc., a Carmel-based biopharmaceutical company founded by prominent scientists from Eli Lilly and Co. in 2006, has been acquired by Swiss life sciences giant Roche.
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U.S. unemployment benefit applications drop sharply

December 30, 2010
Associated Press
Applications dropped by 34,000, to 388,000, the lowest number since the week of July 12, 2008. The level of applications has either fallen or remained unchanged in five of the past six weeks.
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Indiana to stop mailing out state income tax forms

December 29, 2010
Associated Press
The State Department of Revenue estimates the change will affect about 1 million taxpayers and save the state about $200,000 in the next fiscal year.
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Lender takes action on Renaissance Bay project

December 29, 2010
Chris O'Malley
An incomplete $150 million development that was supposed to feature 305 luxury condominiums along a 25-acre lake on the north side of Indianapolis has been placed in receivership.
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Emmis pitching in on breach-of-contract lawsuit

December 29, 2010
 IBJ Staff
Emmis Communications Corp. will contribute $200,000 toward legal fees in a lawsuit that company founder Jeff Smulyan's JS Acquisition LLC filed over its failed effort to take the Indianapolis-based media company private.
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NCAA president predicts shrinking athletics revenue

December 29, 2010
Bloomberg News
Revenue growth in college sports' top tier will be held to 3 percent next year as states slash subsidies nationwide, predicts Mark Emmert, president of the National Collegiate Athletic Association.
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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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