News & Analysis

Critics: Tax hike 'defies logic'Restricted Content

May 4, 2009
Peter Schnitzler
Critics say the Legislature's plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial burden on already ailing businesses with the least ability to pay.
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Steak n Shake hoping to roll out lower-cost, limited-service storesRestricted Content

May 4, 2009
Cory Schouten
TV spots for Steak n Shake Co. used to play up the chain's full-service restaurants, complete with friendly servers, real plates and glass ketchup bottles—a departure from the "workaraunts" operated by McDonald's and Burger King. Now, Steak n Shake is developing plans for its own workaraunts.
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Federal stimulus trickles downRestricted Content

April 27, 2009
Peter Schnitzler
There's a smorgasbord available for small businesses in the federal stimulus package. The trick is figuring out how to get a plate. Plenty of local experts are serving up access to the buffet. And some entrepreneurs are digging in. But others consider the stimulus warmed-over leftovers.
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Grad students dream up plans for mass transitRestricted Content

April 27, 2009
Chris O'Malley
Architecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling than the Central Indiana Regional Transit Authority's principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running a diesel commuter train atop the old Nickel Plate Railroad corridor.
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ChaCha co-founder dancing to different drumRestricted Content

April 27, 2009
Chris O'Malley
ChaCha Search Inc. co-founder Brad Bostic has stepped down as president of the human-assisted Internet search company, which is struggling to turn a profit in a dismal advertising climate, but he hasn't left. "Brad is still engaged with the company as a director, co-founder and consultant," said co-founder and CEO Scott Jones.
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Westfield mayor hopes $60M stadium project will transform cityRestricted Content

April 27, 2009
Cory Schouten
Westfield Mayor Andy Cook is proposing a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities and sports fields with the goal of establishing the Hamilton County community as the "Family Sports Capital of America."
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Jobless fill lull by volunteeringRestricted Content

April 27, 2009
Kathleen McLaughlin
Volunteer managers say they’ve seen an influx this year of people who’ve lost their jobs, as well as students who are anticipating a tough market after graduation. The volunteers are welcome, especially as charities themselves have fewer paid employees.
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New motorsports trade show takes aim at departed PRIRestricted Content

April 27, 2009
Anthony Schoettle
Still stinging from the city's loss of the giant Performance Racing Industry trade show in 2004, a group of local motorsports business advocates is racing to put on a competing event.
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Business school outgrows IndianaRestricted Content

April 27, 2009
J.K. Wall
With enrollment surging in vocational schools around the country, Indiana Business College has launched an expansion into Ohio and likely into other states as well. The Indianapolis-based for-profit school also is changing its name.
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Defense budget overhaul could give local Rolls-Royce plant a boostRestricted Content

April 27, 2009
Kathleen McLaughlin
While military contractors scramble to protect big projects from Defense Secretary Robert Gates' budgetary ax, Indianapolis engine-maker Rolls-Royce is sitting pretty.
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Colts staying at Rose-Hulman for training camp

April 24, 2009
 IBJ Staff and Associated Press
The Indianapolis Colts are staying at Rose-Hulman Institute of Technology for training camp. The team has conducted its camp at the Terre Haute school since 1999.
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Westfield plans $60M youth-sports complex

April 23, 2009
Cory Schouten
The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets.
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Traveling abroad for business can be trickyRestricted Content

April 20, 2009
Scott Olson
Familiarity with a foreign culture and its traditions can mean the difference between success and failure, or at least avoiding embarrassment.
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'Peanut King' diversifies to keep 52-year-old company thrivingRestricted Content

April 20, 2009
Sam Stall
Richard Green Co., founded in 1957, is a mini-conglomerate of sorts, selling pretty much anything necessary for work in the food-concessions business.
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White River Capital negotiating new terms for its First Chicago Bancorp mergerRestricted Content

April 20, 2009
Peter Schnitzler
In a March 13 filing with the Securities and Exchange Commission, publicly traded White River revealed it's postponed its merger with First Chicago Bancorp, and now is negotiating new terms.
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Price tag for I-69 project growingRestricted Content

April 20, 2009
Chris O'Malley
The environmental report shows that the extension for Interstate 69 will cost at least $3 billion.
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Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some propertiesRestricted Content

April 20, 2009
Cory Schouten
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
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Indy Gen-X group to tout city to out-of-town recruitsRestricted Content

April 20, 2009
Kathleen McLaughlin
IndyHub, the city's young professionals network, will launch a new Web site, circlingthecity.com, to pique the interest of out-of-towners who are being recruited by local companies.
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Casino-tax controversy lit fire under residents of Fairland, a long-forgotten townRestricted Content

April 20, 2009
Kathleen McLaughlin
With a town government behind them, Fairland-area residents hope any future growth will be to their benefit.
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Noblesville offered generous incentives to Simon for mallRestricted Content

April 20, 2009
Cory Schouten
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
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Mayor hopes to fix budget by offering naming rights to city-owned propertiesRestricted Content

April 20, 2009
Anthony Schoettle
City officials want to raise money by selling sponsorships, advertising and possibly even naming-rights deals for city-owned properties as they attempt to chip away at a projected $23 million deficit in the municipal budget.
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Exports rise despite recessionRestricted Content

April 20, 2009
Chris O'Malley
Indiana's growing shipments to China averts a reversal in exports for the state, but core transportation equipment takes a hit.
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Simon layoffs would jeopardize HQ incentive dealRestricted Content

April 20, 2009
Cory Schouten
During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
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Simon family's interests helped city thrive, but taxpayers paid the price

April 20, 2009
Cory Schouten
The Simon family's role in building the city has come at a steep price for taxpayers. Simon and its business interests in the last 20 years have collected local government incentives worth more than $400 million, an IBJ tally of those deals shows.
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$4.7B WellPoint deal leaves workers in limbo

April 13, 2009
J.K. Wall
Investors cheered this morning after WellPoint Inc. agreed to sell its pharmacy management unit to Express Scripts Inc., but the fate of about 2,100 WellPoint employees now is up in the air.
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