Regional News

Kokomo upshifting with Chrysler investmentRestricted Content

December 3, 2011
Kathleen McLaughlin
City north of Indianapolis feels the power of $1.3 billion upgrade of equipment in automaker's transmission plants.
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Popular chain plans to launch restaurant in NoblesvilleRestricted Content

December 3, 2011
 IBJ Staff
Huntington Beach, Calif.-based BJ’s opened its first central Indiana location in 2008 at Greenwood Park Mall.
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Defects prompt closure of county fair grandstands

December 1, 2011
Associated Press
A central Indiana county faces a big bill to replace its fairground's grandstand after numerous safety problems were found during an inspection prompted by this summer's deadly state fair stage collapse.
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Star parent plans to add 108 jobs at local media units

November 29, 2011
Scott Olson
Gannett Co. said the jobs will be added in central Indiana as part of an expansion of its media-related groups. Meanwhile, the newspaper's union continues to negotiate a new contract with the company.
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SEC accuses Positron CEO of misleading investors

November 28, 2011
Chris O'Malley
Regulators allege CEO Patrick G. Rooney diverted millions of dollars from a hedge fund into the struggling Fishers company without investors' knowledge.
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Jury awards $27M in damages over propane explosion

November 28, 2011
Associated Press
A jury has held a utility liable for $27 million in damages over a propane explosion at a central Indiana horse farm that killed a man and injured three family members.
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Martinsville Candy Kitchen hangs hopes on handmade canes

November 26, 2011
Andrea Muirragui Davis
Martinsville candy
                           canes watch videoShop owners John and Pam Badger churn out more than 20,000 candy canes in November and December, but they'd like to boost business the other 10 months of the year.
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Hendricks County 'hotspot' for package-liquor permits

November 21, 2011
Scott Olson
Four package liquor permits in the county west of Indianapolis fetched a total of nearly $1 million, roughly a quarter of the $3.8 million the state netted during an auction of 279 new alcohol permits in Indiana.
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Shelbyville's SCB Bank scrambles for capital

November 19, 2011
Francesca Jarosz
A Shelbyville-based bank appears to have missed a federally mandated deadline for boosting its capital levels, a failure that might put it at risk of government takeover.
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INSIDE DISH: Brewpub beats sales goals in rocky first year

November 18, 2011
Mason King
Black Swan Watch VideoWith an $80,000 nut and some luck with bank loans, D.J. McCallister has beaten staffing woes and an unforeseen sales slump to make newcomer Black Swan Brewpub a break-even enterprise.
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Sign-company owner builds full-service firm on trustRestricted Content

November 12, 2011
Ann Finch
Beverly Miller has built a successful sign company by providing clients full service, from helping them navigate city code regulations, to designing, manufacturing, installing and servicing their signs.
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Obscure not-for-profit covering shortfalls in CarmelRestricted Content

November 12, 2011
Kathleen McLaughlin
The Carmel City Center Community Development Corp. has emerged as a key player in the city’s burgeoning downtown. The not-for-profit 4CDC last month gave the performing arts center $1 million to cover its operating expenses, and it’s expected to provide another $4.5 million through June 30.
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Rise of pouch packaging to lift new Lebanon plantRestricted Content

November 12, 2011
Kathleen McLaughlin
Toronto-based Skjodt-Barrett Contract Packaging opened its first U.S. plant in Lebanon to meet demand from major consumer brands for baby food and fruit snacks in flexible pouches.
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EnerDel parent dismantles executive team

November 9, 2011
 IBJ Staff
Ener1 Inc., the struggling parent company of Indianapolis-based advanced-battery maker EnerDel, continued its tumultuous year by naming a new CEO, president and chief financial officer.
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Remy International reports lower third-quarter profit

November 8, 2011
The Pendleton-based company filed plans in March to raise up to $100 million through an initial public offering.
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Carmel free clinic drawing jobless professionalsRestricted Content

November 5, 2011
Kathleen McLaughlin
Trinity Free Clinic in Carmel began in 2000 to serve a growing Hispanic immigrant population. Since the latest recession, so many people—including unemployed professionals—have found their way to the clinic that the portion of white patients has grown from one-third in 2008 to 47 percent last year.
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Court case might roil not-for-profit tax rulesRestricted Content

November 5, 2011
Francesca Jarosz
A Bartholomew County not-for-profit affordable housing development group is preparing to fight in Indiana Tax Court a denial of its property-tax exemption. The denial has put the organization $200,000 in debt and its rental homes in danger of tax foreclosure.
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Carmel resident takes entrepreneurship plunge with Amy's PJsRestricted Content

November 5, 2011
 IBJ Staff
Amy Graham left her job as marketing director of a plastic surgery practice early this year to pursue her dream of running a high-end pajama boutique.
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Centier Bank opens Indianapolis-area loan production officeRestricted Content

November 5, 2011
 IBJ Staff
The Merrillville-based bank is testing the waters before launching a retail-banking presence.
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Ortho firms pull back on doc payments

October 31, 2011
J.K. Wall
The number of payments in excess of $1 million didn’t change substantially from year to year, but orthopedic companies sharply cut their fees to surgeons who received the smallest amounts.
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Avon security company beefing up work force

October 31, 2011
Nolan Security & Investigations said it plans to add as many as 300 part-time and full-time workers to serve new clients.
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Heartland Sweeteners plans $10M upgrade to Indy plant

October 31, 2011
J.K. Wall
Heartland Sweeteners LLC plans to spend nearly $10 million to upgrade its Indianapolis plant and potentially boost its work force there by 39 employees in the next five years.
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Mayoral race draws gifts from outside city, stateRestricted Content

October 29, 2011
Francesca Jarosz
About a third of the money that flowed to Indianapolis mayoral candidates Greg Ballard and Melina Kennedy in the most recent fundraising cycle came from donors not eligible to vote in the election.
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Carmel's Palladium subsidy multipliesRestricted Content

October 29, 2011
Kathleen McLaughlin
The city of Carmel will subsidize its new performing arts complex to the tune of $5.5 million this year, nearly triple the amount provided last year.
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PROXY CORNER: Cummins Inc.Restricted Content

October 29, 2011
Cummins Inc., 500 Jackson St., Columbus, Ind. 47202 (www.cummins.com) designs and manufactures diesel engines for automotive and industrial markets.
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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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