News & Analysis

Florida marketing firm suing IRL over Izod contract

January 31, 2011
Scott Olson
Florida-based CV Sports Marketing Inc. alleges in a lawsuit that the IRL and Indianapolis Motor Speedway could owe millions of dollars in fees relating to its role in landing Izod as a title sponsor.
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Former Sen. Bayh joining Washington, D.C., law firm

January 31, 2011
Associated Press
The firm of McGuireWoods announced Monday that former Sen. Evan Bayh would be a partner and strategic advisor to domestic and international clients on public policy matters.
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Execs from WellPoint, peers meet to hone health-law lobby

January 31, 2011
Bloomberg News
Top executives from WellPoint Inc. and UnitedHealth Group Inc. are meeting almost monthly with their counterparts from Aetna Inc., Cigna Corp. and Humana Inc. in an informal lobbying alliance aimed at blunting parts of the health-care law, say sources with knowledge of the sessions.
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Ball State touted for research even as funding drops

January 30, 2011
Associated Press
The Carnegie Foundation for the Advancement of Teaching has classified Ball State as a "high research university" for the first time, elevating it to a status shared in Indiana only by Indiana University-Purdue University Indianapolis.
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English-language bill advancing despite questions

January 30, 2011
Associated Press
An Indiana proposal to require that state documents be issued only in English is raising philosophical and practical questions from lawmakers trying to navigate the tricky territory of immigration politics.
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Coupon site targets lunch-pail crowd

January 29, 2011
Cory Schouten
Robert Baer and Joel Curts spent five months and almost $15,000—mostly on programming their own coupon platform—to launch DailyLunchDeal.com, a coupon site focused solely on dining.
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Fix-up list is long as Indianapolis prepares for 2012 Super Bowl

January 29, 2011
Chris O'Malley
Plenty of opportunities await city officials bent on making downtown shine for the massive event.
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Molecules are moneymakers for software firm Indigo BioSystemsRestricted Content

January 29, 2011
Chris O'Malley
Eli Lilly and Co. spin-off has landed new private investment and may double its work force this year.
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Bill would force owners of electric cars to pay feeRestricted Content

January 29, 2011
Chris O'Malley
Special charge would help offset lost gas-tax revenue.
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Measure would allow photo radar cameras in school and construction zonesRestricted Content

January 29, 2011
Chris O'Malley
Legislature considering use of same technology used to nab those who disregard traffic signals.
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Mattel may build Hot Wheels track at IMSRestricted Content

January 29, 2011
Anthony Schoettle
IndyCar Series and Indianapolis Motor Speedway officials are working on a deal with California-based Mattel Inc. to build a life-size Hot Wheels track in the Speedway’s infield in conjunction with the centennial running of the Indianapolis 500 this May.
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Firms put off paying, despite easing financial pressure

January 29, 2011
Norm Heikens
The trend toward small businesses' delaying payments appears to have leveled off, but it's still unclear how soon—or even whether—receivables will return to the 30 days that was standard for most businesses before the recession began in December 2007.
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Mini Thin marketer slapped with suitRestricted Content

January 29, 2011
Kathleen McLaughlin
A Carmel man whose Mini Thin dietary supplement was sold through convenience stores nationwide before the government banned its active ingredient now faces allegations of bankruptcy fraud.
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Charter school's nimble approach could become the norm

January 29, 2011
Francesca Jarosz, J.K. Wall
Indianapolis Metropolitan High School implemented a school-wide overhaul in its educational approach in only three months. The charter school might be the face of the future for all Indiana public schools.
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Judges to hear challenge to state’s alcohol permit process

January 28, 2011
Scott Olson
A panel of Indiana Court of Appeals judges on Monday will consider a complaint from the Indiana Association of Beverage Retailers, which insists too many competing drugstores are receiving beer permits.
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King Systems' two top execs exit company

January 28, 2011
Scott Olson
An executive at the Noblesville firm's parent company said the departures of CEO Don Dumoulin and Chief Financial Officer Yun Kim were the result of a "mutual agreement." A search is under way for replacements to lead one of the area's largest medical device manufacturers.
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Westfield sports complex scores deal with youth baseball group

January 28, 2011
Francesca Jarosz
City officials hope landing the Lids Indiana Bulls as a tenant at the planned Grand Park Sports Campus will help drive thousands of visitors to the 300-acre site—and nearby businesses.
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Interactive Intelligence reports higher profit, revenue

January 28, 2011
A rise in large orders enabled the business-communications software firm to more than double profit to more than $10.4 million in the fourth quarter. Revenue leaped 41 percent, to $50.7 million.
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Marketing firm VMS plans growth, new jobs

January 28, 2011
 IBJ Staff
Event-planning powerhouse VMS Inc. plans to invest more than $1.5 million to expand its Indianapolis life sciences marketing operation and create as many as 102 jobs over the next four years, state officials said Friday morning.
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Pence won't run for president; no word on governor's race

January 27, 2011
Associated Press
U.S. Rep. Mike Pence said Thursday he won't seek the Republican nomination for president in 2012 because he wants to focus on issues "closer to home" — a message some supporters are interpreting as his clearest sign yet that he'll run for Indiana governor.
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Indiana Health Information Exchange hires new CEO

January 27, 2011
Scott Olson
Harold Apple takes over for J. Marc Overhage, who will remain with the organization as its chief strategic officer and national policy adviser. IHIE is one of four operational exchanges in Indiana that allows for the sharing of medical records electronically.
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Local Tea Party group takes aim at Carmel mayor

January 27, 2011
Francesca Jarosz
A new Carmel-based Tea Party group, the Constitutional Patriots, has set its sights on Carmel Mayor Jim Brainard, taking issue with his spending on projects like the $170 million Center for the Performing Arts.
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Senate to consider ban of texting while driving

January 27, 2011
Associated Press
Previous attempts to ban texting while driving have cleared the House but met resistance from conservative leaders in the Senate. It will get a hearing this year, Sen. David Long said.
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Aerospace firm plans to add 159 engineering jobs

January 27, 2011
 IBJ Staff
Aero Engine Controls plans to invest as much as $8.5 million to expand its operations near Indianapolis International Airport, adding up to 159 jobs over the next two years.
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Duke Realty reports strong year-end results

January 27, 2011
Cory Schouten
Duke Realty Corp. reported a fourth-quarter profit almost 70 percent above last year's figure as it closed out its best leasing year since 2007 and finished with its highest annual portfolio occupancy rate since 2004.
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  1. What became of this project? Anyone know?

  2. Scott, could you post an enlarged photo of the exterior of the building? This will be a great addition to Walnut Street. This area will only continue to develop with additions like this. Also, please give us more updates on the "Cultural Trail light" expansion. Also a great move for the city, as long as there is maintenance money set aside.

  3. Great story IBJ! Citizens don't have a real sense of the financial magnitude of supporting Indy's sports and tourism sector. The CIB was a brilliant idea for creating a highly integrated public-private partnership to support this sector from the economic activity it generates. Unfortunately, most folks think the benefits of that economic activity accrue directly to the City budget, and it doesn't. So though the CIB is facing lean times (covering its costs while maintaining minimally acceptable reserves), the City is operating with deficit - less tax revenue than expenses each year - with a very fragile reserve balance. That's why it's so challenging for the City to fund basic needs or new intitatives (e.g. pre-k education; new jail), and some credit rating agencies have downgraded Indy from it's past stellar AAA status. More reporting on City finances would be welcomed.

  4. Sure, I'll admit that it bugs me to see that the IBJ.COM censors it's blog posts almost as much as the D of I does when someone points out the falsehoods and fabrications. _____But I think it bothers me almost as much that Captain/Defender/Disciple get his yanked too. You see, those of us with a sense of integrity, humanity, compassion, and a need for fact based opinion WANT to see all of his screeds posted. It makes our point so much better than we can do it ourselves.

  5. We're conflating two very different topics. Voter fraud is a myth and excessive gun violence is all too real. I just hope rational gunowners decide to stop being shouted down by the, well, let's call them "less rational" ones.

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