News & Analysis

Twitter tool winner of Startup Weekend event

November 15, 2010
The winner, StatsSquared, now will compete against other winners from cities worldwide in an online contest for the overall top prize.
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Chicago's experience causes other cities to redo parking deals

November 15, 2010
 IBJ Staff and Bloomberg News
Indianapolis' City-County Council could vote Monday night on its proposed 50-year agreement with Xerox Co.’s Affiliated Computer Services, which was revised after public outcry over the original proposal.
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Small-business lending rises 30 percent in Indiana

November 13, 2010
Francesca Jarosz
The amount of money banks loaned through U.S. Small Business Administration programs shot up close to 30 percent in Indiana this year, a sign that the state’s small businesses—including Pat Wolfred’s CCA Inc.—have started coming back to life.
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Mike's Express Carwash sued in family feud

November 13, 2010
Cory Schouten
Mike’s Express Carwash and its principals, Bill and Mike Dahm, sons of founder Joe Dahm, are facing a lawsuit in Hamilton Superior Court brought by Jerry Dahm, a cousin who owned 35 percent of the company until May.
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WTHR's status as TV news leader starting to erode

November 13, 2010
Anthony Schoettle
Ad buyers are watching the November sweeps period to see if the NBC affiliate bounces back from recent periods when it lost ground in the ratings.
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Unions target Indianapolis hotels

November 13, 2010
Anthony Schoettle
Unite Here has high hopes, but the industry fears its cost advantage would erode.
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Spurned bidder: IURC program may cost consumers $65MRestricted Content

November 13, 2010
Chris O'Malley
An Indiana Utility Regulatory Commission-mandated initiative to help electric customers cut consumption and save money may wind up costing them $65 million more than necessary. At least that’s the claim of a consulting firm that lost its bid to administer the program.
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Retail sales at Indianapolis International Airport edge upRestricted Content

November 13, 2010
Sam Brattain
Revenue is uneven between the two concourses in the new midfield terminal, but overall sales nevertheless are outpacing growth in passenger traffic.
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Quick Hits: Indianapolis dwarfs Milwaukee in convention, tourism business

November 13, 2010
Indianapolis and Milwaukee are about the same size, with 1.7 million and 1.6 million people in their respective metro areas, but Indianapolis' convention trade is better developed.
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Most not-for-profit execs modestly paid, survey saysRestricted Content

November 13, 2010
Kathleen McLaughlin
Local consultants Bryan Orander and Jim Morris conducted the survey this summer to fulfill what they see as a lack of hard data on executive pay in the local not-for-profit sector.
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Expanding tax breaks could be a tough sell in Marion CountyRestricted Content

November 13, 2010
Francesca Jarosz
Republicans who now control the Indiana House are poised to push reforms next year that would strengthen local governments’ ability to offer businesses tax abatements. But the changes might be met with caution in Marion County.
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PCBs a concern at bankrupt ESI Environmental plant

November 12, 2010
Chris O'Malley
The EPA says 300,000 gallons of sludge at the firm's northwest-side site are suspected of containing carcinogenic PCBs. A recent court ruling could expedite clean-up efforts.
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Americold investing $30M to expand operations

November 12, 2010
The Atlanta-based company plans to break ground this month on a 100,000-square-foot expansion of its southeast-side cold storage facility. The expansion should be finished in November 2011.
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Moe & Johnny’s owner files for bankruptcy reorganization

November 12, 2010
Scott Olson
Owner Chuck Mack says popular tavern and restaurant Moe & Johnny's, open in Broad Ripple since 1996, is in no danger of closing despite the Chapter 11 filing.
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Study: Arthritis drug co-developed by Lilly shows promise

November 12, 2010
 IBJ Staff and Bloomberg News
Lilly paid $90 million in 2009 to acquire the global rights to the treatment in a bid to beef up its pipeline of medications for autoimmune diseases.
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Republic Airways prices stock offering

November 12, 2010
The Indianapolis-based company said it plans to raise $88.5 million by pricing 12 million shares of its common stock at $7.80 each in a public offering.
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States offering more college-savings vehicles

November 12, 2010
Bloomberg News
Indiana among those rolling out new, less-risky 529 plans to attract savers wary of losing money in the stock market.
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Indiana farmers expected to enjoy near-record income

November 11, 2010
Associated Press
Many Indiana farmers who had been worrying about a late summer drought are now looking forward to some extra spending money thanks to high grain prices.
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Bank of America seeks to dismiss racketeering suit

November 11, 2010
Homeowners Dwayne Ransom Davis and Melisa Davis sued last month in Indianapolis, claiming Bank of America “routinely” submitted perjured affidavits to support foreclosures. They lost their Knightstown home last year.
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Angie’s List attracts $2.5M infusion

November 11, 2010
The investment is from a San Francisco-based firm and follows a $22.5 million investment the company received in October from multiple investors.
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Noble Roman's reports loss

November 11, 2010
Costs related to discontinued operations prompted the loss for Noble Roman’s, which is shelving its traditional store model in favor of offering its products in convenience and grocery stores.
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Area homes sales down for 6th straight month

November 11, 2010
Home-sale agreements in the nine-county central Indiana region plunged 40.7 percent in October compared to the same month a year ago, according to a report released Thursday morning by F.C. Tucker Co.
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Gun club building, parking lot fetch $380,000 at auction

November 11, 2010
The historic, 8,000-square-foot Gatling Gun Club building sold for $250,000 and the 19,000-square-foot parking lot went for $130,000, to two separate bidders.
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Carmel strip mall fire starts in doughnut shop

November 11, 2010
Associated Press
The fire began at a Dunkin' Donuts shop Thursday morning, spread to a winemaking shop and threatened other businesses.
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Feds require Simon to sell outlet centers

November 11, 2010
Bloomberg News
The U.S. Federal Trade Commission said it is requiring Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, to sell outlets in a settlement related to the $2.3M purchase of Prime Outlets Acquisition Co.
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  1. Why not take some time to do some research before traveling to that Indiana town or city, and find the ones that are no smoking either inside, or have a patio? People like yourself are just being selfish, and unnecessarily trying to take away all indoor venues that smokers can enjoy themselves at. Last time I checked, it is still a free country, and businesses do respond to market pressure and will ban smoking, if there's enough demand by customers for it(i.e. Linebacker Lounge in South Bend, and Rack and Helen's in New Haven, IN, outside of Fort Wayne). Indiana law already unnecessarily forced restaurants with a bar area to be no smoking, so why not support those restaurants that were forced to ban smoking against their will? Also, I'm always surprised at the number of bars that chose to ban smoking on their own, in non-ban parts of Indiana I'll sometimes travel into. Whiting, IN(just southeast of Chicago) has at least a few bars that went no smoking on their own accord, and despite no selfish government ban forcing those bars to make that move against their will! I'd much rather have a balance of both smoking and non-smoking bars, rather than a complete bar smoking ban that'll only force more bars to close their doors. And besides IMO, there are much worser things to worry about, than cigarette smoke inside a bar. If you feel a bar is too smoky, then simply walk out and take your business to a different bar!

  2. As other states are realizing the harm in jailing offenders of marijuana...Indiana steps backwards into the script of Reefer Madness. Well...you guys voted for your Gov...up to you to vote him out. Signed, Citizen of Florida...the next state to have medical marijuana.

  3. It's empowering for this niche community to know that they have an advocate on their side in case things go awry. http://www.youtube.com/watch?v=Lrst9VXVKfE

  4. Apparently the settlement over Angie's List "bundling" charges hasn't stopped the practice! My membership is up for renewal, and I'm on my third email trying to get a "basic" membership rather than the "bundled" version they're trying to charge me for. Frustrating!!

  5. Well....as a vendor to both of these builders I guess I have the right to comment. Davis closed his doors with integrity.He paid me every penny he owed me. Estridge,STILL owes me thousands and thousands of dollars. The last few years of my life have been spent working 2 jobs, paying off the suppliers I used to work on Estridge jobs and just struggling to survive. Shame on you Paul...and shame on you IBJ! Maybe you should have contacted the hundreds of vendors that Paul stiffed. I'm sure your "rises from the ashes" spin on reporting would have contained true stories of real people who have struggled to find work and pay of their debts (something that Paul didn't even attempt to do).

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