News & Analysis

Greensburg factory to invest $28M, add 250 workers

July 8, 2014
 Associated Press and IBJ Staff
Workers will be hired as global firm Valeo buys new equipment for its 400,000-square-foot engine cooling factory to start new product lines for Honda, Nissan, Chrysler and Ford.
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Hoosier Environmental Council opposes dam on White River

July 8, 2014
Associated Press
The Hoosier Environmental Council has added its name to the list of environmental groups opposing a proposed seven-mile long reservoir along the White River in central Indiana.
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Multifamily projects abound in Chatham Arch, Lockerbie

July 8, 2014
Scott Olson
The four projects, one of them condominiums, would add nearly 280 units within about a four-block stretch from East Michigan Street north to Massachusetts Avenue.
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For-profit educator closing 12 campuses in 11 states

July 8, 2014
Associated Press
Corinthian Colleges Inc., which competes against Carmel-based ITT Educational Services Inc., said Tuesday that a campus in Indiana is on its closure list.
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INDOT staffer in ethics case seeks new work

July 7, 2014
Associated Press
A top Indiana transportation official who is under investigation for land sales that benefited his family is considering taking an executive job at an engineering firm that bids for state work.
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UPDATE: Indiana vanity plate fight could go to Legislature

July 7, 2014
Associated Press
A fuss over a police officer's vanity plate has blown up into a constitutional debate that could lead to the Indiana General Assembly deciding whether to rewrite the law or stop selling personalized license plates altogether.
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UPDATE: Deal set in ex-schools chief Bennett's ethics case

July 7, 2014
Associated Press
Inspector General David Thomas filed charges against Tony Bennett last November alleging he used state employees and resources in his failed 2012 re-election campaign.
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Transfer of Anderson gym awaits additional approval

July 7, 2014
Associated Press
The Anderson City Council will have to approve the city's involvement in the transfer of the closed 9,000-seat Wigwam gymnasium to a private group planning to reopen it.
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New Obamacare rule could boost WellPoint

July 7, 2014
J.K. Wall
The U.S. Department of Health and Human Services proposed a rule that would automatically re-enroll exchange plan customers each year, which would help companies like WellPoint that sold aggressively on the exchanges in their first year.
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First Financial nabbing new hub, closing 3 branches

July 7, 2014
Mason King
Cincinnati-based First Financial Bank is shuffling its operations in the Indianapolis area, including moving its regional hub to a new downtown location and opening a high-profile branch in the same building.
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Program preps students to teach at high-need schools

July 7, 2014
Associated Press
Forty-five Woodrow Wilson Teaching Fellows received incentives to attend cutting-edge master's degree programs at Ball State, IUPUI, Purdue University, the University of Indianapolis and Valparaiso University.
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Web startup Bookit planning expansion

July 7, 2014
Dan Human
Bookit Commerce Inc., which operates the website bookacoach.com, plans to hire 93 people by 2018, the locally based company announced Monday morning.
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ITT Educational, rivals wrestle with tougher regulation

July 7, 2014
Bloomberg News
The U.S. Education Department has taken its toughest regulatory action ever against a for-profit college: putting Corinthian Colleges Inc., with more than 70,000 students, on the path to going out of business.
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MISO data breach latest in hackers’ efforts to reach power grid

July 6, 2014
Bloomberg News
Operating cost data from participants in Carmel-based MISO's power network was compromised in a computer breach that highlighted the rising vulnerability of the U.S. electricity infrastructure.
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Small colleges using lacrosse to attract monied students from East CoastRestricted Content

July 5, 2014
Anthony Schoettle
Finances are increasingly challenging for small, private schools, causing many to do whatever is necessary to attract students, particularly students who can afford tuition ranging from $25,000 to $45,000 annually.
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Tricky transition: Pillows balance family, business as son preps to take over

July 5, 2014
Dan Human
Even before taking over, Eddie Pillow is making changes at the logistics and courier company his dad started in 1988.
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Records - July 7, 2014Restricted Content

July 5, 2014
Records listings from the July 7, 2014, issue of IBJ.
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Milhaus starts project in Oklahoma CityRestricted Content

July 5, 2014
The $42 million project is Milhaus' second mixed-use project outside the Indianapolis area.
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Tech firms get chance to pitch investorsRestricted Content

July 5, 2014
Seventy-six startups and small tech companies will vie for investors’ interest July 10 at the Innovation Showcase.
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Airport memorial planned for Col. Harvey “Weir” CookRestricted Content

July 5, 2014
An Indiana native, Cook was a decorated fighter pilot in World War I who settled in Indianapolis and was instrumental in creating the city’s first principal airport, Indianapolis Municipal Airport, opened in 1931.
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Ambrose snags vacancy-plagued Meridian Street property

July 5, 2014
Scott Olson
Ambrose Property Group Inc. is doubling down on the struggling downtown office market by purchasing its second property within six months.
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Ex-Hoosier funnels millions back home to local tech firms

July 5, 2014
Dan Human
West Coast investor Parker Hinshaw and his wife, Jean Balgrosky, in 2012 founded San Diego investment firm Bootstrap Incubation LLC and in 2013 the Bootstrap Venture Fund, which have funded three Indiana companies in less than a year. A fourth deal is about to close.
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State sits on prime downtown property near Statehouse

July 5, 2014
Kathleen McLaughlin
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
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Indy Chamber fights shrinking membershipRestricted Content

July 5, 2014
Kathleen McLaughlin
The chamber has lost 19 percent of its members since the start of 2011, even while other chambers of commerce around the country see renewal rates recovering along with the economy.
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Obamacare generates windfall for insurersRestricted Content

July 5, 2014
J.K. Wall
Obamacare’s tax credits are pumping nearly $400 million into the coffers of health insurers in Indiana this year, according to data released by the federal government and the insurance companies.
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