News & Analysis

Tony George voted back onto Hulman & Co. board

February 17, 2011
Anthony Schoettle
Hulman & Co. board expands by four in attempt to better position company that oversees Indianapolis Motor Speedway and IndyCar Series.
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Panel OKs pulling Indiana Planned Parenthood money

February 17, 2011
Associated Press
An Indiana legislative committee has approved a proposal that would prohibit any state contracts or grants with Planned Parenthood or other organizations that provide abortions.
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E-mails detail Fair Finance partner's money woes

February 17, 2011
Greg Andrews
E-mails filed in bankruptcy court this week show that Fair Finance Co. co-owner Jim Cochran spent money with such abandon that by 2008 he was living off credit cards and imploring CEO Tim Durham to more than double his salary to $1 million.
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Indy Partnership may reduce role in job recruitment

February 17, 2011
Cory Schouten
A merger among local economic development organizations could further diminish the role Indy Partnership plays in recruiting jobs to the city and region.
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Incentives, long-term leases urged for airport development

February 17, 2011
Chris O'Malley
The Indianapolis Airport Authority board on Friday is set to approve a long-term land-use plan that will help steer future development in and around Indianapolis International Airport and its five smaller fields for decades to come.
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Complaints spark IURC to limit telecom’s service territory

February 17, 2011
Scott Olson
E.Com Technologies LLC, which serves the large Centennial subdivision in Westfield, cannot expand its service territory without the state agency's permission. Charges of anti-competitive behavior led to the decision.
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Elevator company wants indemnity from IRT

February 17, 2011
Kathleen McLaughlin
An Illinois elevator company wants a judge to force the Indiana Repertory Theatre to protect it from liability in a lawsuit brought by a catering worker who fell down the elevator shaft at the downtown theater in 2007.
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IEDC leading jobs mission to India

February 17, 2011
The Indiana Economic Development Corp. will lead the state’s first jobs mission to India next week to help establish relationships with high-tech companies, the state agency said on Thursday.
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Gun bill raises concerns for CIB properties

February 17, 2011
Scott Olson
Legislation that would allow Hoosiers with gun permits to carry their weapons into municipal properties could affect Lucas Oil Stadium and the Indiana Convention Center.
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Marsh agrees to settle labor complaint

February 17, 2011
 IBJ Staff
Marsh Supermarkets Inc. has agreed to pay a total of $42,500 to settle a National Labor Relations Board case accusing the grocery chain of interfering with workers’ attempts to unionize.
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Old National-Monroe merger costing 59 jobs

February 17, 2011
 IBJ Staff
Almost 60 employees of Old National Bank and Monroe Bank are losing their jobs as the financial institutions combine their operations.
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Kite Realty sees decline in quarterly results

February 16, 2011
Associated Press
Indianapolis-based Kite Realty Group Trust on Wednesday reported a fourth-quarter loss on declining revenue.
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Indiana panel backs private school voucher bill

February 16, 2011
Associated Press
A contentious proposal to use taxpayer money to help Indiana parents send their children to private schools cleared its first legislative hurdle Wednesday.
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Panel OKs plan to cut Indiana corporate tax rate

February 16, 2011
Associated Press
A proposed cut of more than 20 percent in the state's corporate income tax rate would improve Indiana's business climate without hurting the state budget, the leader of the Indiana Senate's tax committee said Wednesday.
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Butler hires ex-IU coach Lynch as assistant AD

February 16, 2011
Associated Press
Butler has hired former Indiana University football coach Bill Lynch as associate athletic director for development.
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China company bringing 150 jobs to Lafayette

February 16, 2011
Nanshan America Co. will invest $98.5 million to construct a manufacturing facility and office building, with work slated to begin in the spring. The company will start hiring in the fall.
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UPDATE: House votes to kill pricey jet fighter engine

February 16, 2011
Associated Press
The decision on military budget cuts could have a big impact on the Indianapolis operations of Rolls-Royce Corp., the city’s second-largest manufacturer behind Eli Lilly and Co.
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Lawmaker wants state to stop funding Planned Parenthood

February 16, 2011
Associated Press
Rep. Matt Ubelor of Bloomfield said he wants to cut off about $1.6 million that Planned Parenthood of Indiana receives from the state because he believes abortion providers shouldn't receive taxpayer funding.
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Universities, refugees fuel Indiana's Asian growth

February 16, 2011
Associated Press
That growth has been concentrated in five counties that account for nearly 60 percent of the state's Asian population. Those counties are Allen, Hamilton, Marion, Monroe and Tippecanoe
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Appeals court agrees to hear challenge in Simon case

February 16, 2011
Cory Schouten
The Indiana Court of Appeals has agreed to hear an appeal from the widow of the late Melvin Simon, putting on hold a legal dispute over the mall magnate's more than $2 billion estate.
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UPDATE: Borders files bankruptcy, to close 2 area stores

February 16, 2011
 IBJ Staff and Bloomberg News
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
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Fourth-quarter earnings improve at Calumet

February 16, 2011
Kathleen McLaughlin
Calumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
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Home construction weak both locally, nationally

February 16, 2011
 IBJ Staff and Associated Press
Home building in the Indianapolis area fell by more than 30 percent n January over the same month of 2010.
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Hamilton County woman to be sentenced in stock scheme

February 16, 2011
Prior to Wednesday's sentencing, the Secretary of State's securities division said it reached an agreement to liquidate the assets of Dorothy Geisler, including her home on Geist Reservoir.
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Reform, revenue behind Franciscan expansion

February 16, 2011
J.K. Wall
Changes unleashed by health reform are pushing Franciscan St. Francis Health’s expansion into Hamilton County—in addition to the obvious pull of the area’s well-heeled population.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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