On The Beat

Chamber Orchestra lands $600K giftRestricted Content

June 21, 2014
The Indianapolis Chamber Orchestra’s latest fundraising initiative, launching later this year, received a sizable kick-start thanks to a $600,000 gift from an anonymous donor.
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Bill would force feds to recognize startupsRestricted Content

June 21, 2014
U.S. Rep. Andre Carson, D-Indianapolis, wants to help startups compete for federal contracts and obtain access to loans.
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Fort Wayne ad agency hangs shingle in IndyRestricted Content

April 19, 2014
Fort Wayne-based advertising/PR firm Asher Agency has opened an Indianapolis office, at 255 N. Alabama St., in the Lockerbie Commons Firehouse.
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Gov. Mike Pence tours GermanyRestricted Content

April 19, 2014
Gov. Mike Pence seemed to be looking for ideas about education as much as economic development deals on his recent trip to Germany.
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Kirr Marbach fund wins top Lipper recognitionRestricted Content

March 22, 2014
 IBJ Staff
Columbus, Ind.-based Kirr Marbach & Co. LLC is furthering its reputation for smart stock picking among the nation’s investment advisers.
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Pet show marks new territoryRestricted Content

January 4, 2014
Indianapolis-based “Pet Pals TV” will be seen on three additional television stations, bringing the total to 14.
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IHS lands $690K grant for bicentennial educationRestricted Content

January 4, 2014
The Indiana Historical Society has received a $690,000 grant from Lilly Endowment Inc. to help develop educational resources tied to the state’s bicentennial celebration in 2016.
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Other 2013 news of note: From Pacers to panhandling

December 28, 2013
 IBJ Staff
A look at some of the runner-up top Indianapolis business stories from 2013.
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Smulyan grooving to debt-reduction rhythmRestricted Content

December 7, 2013
 IBJ Staff

Emmis Communications Corp. founder and CEO Jeff Smulyan recently told Billboard that getting a better grip on debt after the Great Recession “is probably the most gratifying thing of my career.”

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Michigan architecture firm opening local officeRestricted Content

December 7, 2013
 IBJ Staff
A Michigan-based engineering and architecture firm is expanding to Indianapolis and has signed a lease to occupy space on Massachusetts Avenue.
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Distributor plans 60 hires for hub in PlainfieldRestricted Content

December 7, 2013
 IBJ Staff

A New York logistics and distribution company plans to add about 60 jobs in Plainfield.

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Design firm moving to new downtown space

November 30, 2013
Rowland Design Inc. was set to move from its longtime Lockerbie Square location to 702 N. Capitol Ave., adjacent to the Cultural Trail, on Nov. 30.
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Summit awarded leasing of troubled BMO Plaza

November 30, 2013
The tall task of signing tenants for the troubled BMO Plaza, which sits nearly half vacant, has been handed to Summit Realty Group.
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Software developer Blue Pillar changes CEOsRestricted Content

November 16, 2013

Blue Pillar Inc. selected Thomas Willie III to take over as its CEO following the departure of Kevin Kushman. Willie started the new job Nov. 4.

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Faces changing on local TV newsRestricted Content

November 16, 2013
 IBJ Staff
Several new faces have been appearing on local television news broadcasts.
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ExactTarget lauded for Facebook softwareRestricted Content

October 12, 2013
The Indianapolis-based digital marketer developed a program called Active Audiences, which lets companies better tailor advertisements to individual customers as they scroll around the social network.
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Pence appointments bring lottery commission to full strengthRestricted Content

October 12, 2013
Luke Bosso, a Republican, and Debra Kunce, a Democrat, will join the five-member board.
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Investment rep fined over disclosure rulesRestricted Content

September 28, 2013
 IBJ Staff
A Bartholomew County investment representative will pay a $20,000 fine under an agreement with regulators over allegations he failed to make proper disclosures in research reports.
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Old-line manufacturer poised to close for goodRestricted Content

September 28, 2013
 IBJ Staff
A manufacturer that has roots in Indianapolis dating to 1924 plans to permanently cease operations in late November unless it can find a buyer for the business.
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Reverse commuter route launches on northwest sideRestricted Content

September 28, 2013
 IBJ Staff
There’s a new reverse-commute bus route connecting the northwest side of Indianapolis with major employers in west Carmel.
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Gov. Pence courting Japanese firms during tripRestricted Content

September 14, 2013

Gov. Mike Pence will have met with every major Japanese employer in central Indiana by the time he returns Sept. 14 from his first overseas trade mission. Pence is trying to drum up new investment while thanking the companies that have had a presence here for decades.

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TrendyMinds building a video production facilityRestricted Content

August 31, 2013
Staff Report
The facility will include a 16-foot cyclorama—a curved wall that presents the illusion of an endless landscape.
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Allos attracts Ohio investorRestricted Content

August 17, 2013
Carmel-based Allos Ventures has secured more money for a $40 million investment fund from an Ohio investor.
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Summertime and the reading is easy and prize-worthyRestricted Content

August 17, 2013
Indianapolis-Marion County Public Library’s summer reading program attracted almost 60,000 participants this year—the most since 2004.
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Local Publicis office awaiting merger falloutRestricted Content

August 17, 2013
One of the city’s top ad agencies is still waiting to see how a merger between French parent Publicis Groupe and New York-based Omnicom affects the local operation.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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