News & Analysis

Visit Indy weaves Speedway into marketing campaignRestricted Content

April 27, 2013
Anthony Schoettle
Greater consistency is expected to pay tourism dividends.
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Speedway's Speed Zone redevelopment project in high gearRestricted Content

April 27, 2013
Anthony Schoettle
Some goals have been realized, while others are moving through the pipeline.
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DAY: The hidden value of hospitality and tourismRestricted Content

April 27, 2013
Jonathon Day
Tourism and hospitality are often described as the invisible industry—the industry “hidden in plain sight.”
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San Diego tourism market significantly larger than Indy's

April 27, 2013
A side-by-side comparison of the tourism and convention industries in Indianapolis and San Diego.
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Work rules split pilots, RepublicRestricted Content

April 27, 2013
Kathleen McLaughlin
Republic Airways Holdings and the union that represents its pilots are so far apart in contract talks that the National Mediation Board in Washington, D.C., won’t schedule more meetings between the parties. Republic has agreed to higher pay, but the union wants significant changes to work rules that affect quality of life and, the union insists, passenger safety.
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Venture capital favoring later-stage firmsRestricted Content

April 27, 2013
Dan Human
Getting $50,000—often from friends and relatives—to develop a product and set up a company still is easy enough in Indiana, small-business leaders and venture capitalists say. But once a firm needs a few million dollars to grow into a revenue-generating operation, the area can’t compete with Silicon Valley’s magnetism for venture capital.
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Former Deloitte leader joins Krieg DeVault firmRestricted Content

April 27, 2013
Michael Becher, a longtime managing partner of Deloitte LLP’s Indianapolis office, has joined the Krieg DeVault LLP law firm as an adviser.
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Indiana casinos win few gains from Legislature

April 27, 2013
Associated Press
The Indiana Legislature didn't boost the state's casinos nearly as much as supporters had wanted as they face greater competition from neighboring states.
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Anti-smoking officials say Indiana funding cuts hurt

April 27, 2013
Associated Press
A decision to cut state funding by 38 percent for programs that help people stop smoking and try to prevent others from starting worries those behind the state's tobacco cessation efforts.
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Voucher expansion awaits governor's signature

April 27, 2013
Associated Press
Indiana lawmakers have approved an expansion of the nation's broadest private school voucher program that will allow more children to be immediately eligible.
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Online sales tax push dies in Indiana Legislature

April 26, 2013
Associated Press
An effort to require Amazon.com and some other online-only retailers to start collecting Indiana's 7-percent sales tax this summer has fallen short in the Legislature.
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Bill banning secret videotaping at businesses fails

April 26, 2013
Associated Press
Rep. Bill Friend, R-Macy, said he withdrew the bill he sponsored at the request of Republican House Speaker Brian Bosma.
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General Assembly goes late in effort to wrap us session

April 26, 2013
Associated Press
The Indiana General Assembly worked into the night Friday to hammer out final details on a two-year, $30 billion budget containing new tax cuts, a modest expansion of school vouchers, new oversight of the $2.8 billion Rockport coal gasification project and a series of other measures.
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Stocks head lower on tepid U.S. economic growth

April 26, 2013
Associated Press
Several companies, including Amazon.com, released weak earnings Friday and the government reported that the U.S. economy expanded at a slower rate in the first quarter than economists were expecting.
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Downtown's historic Century Building set for sheriff’s sale

April 26, 2013
Scott Olson
The 112-year-old office building will return to the market in a precarious position, as a major tenant plans to depart.
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Overhaul of sentencing laws heading to governor

April 26, 2013
Associated Press
The Senate voted 34-15 on Friday in favor of the bill aimed at sending fewer nonviolent offenders to prison.
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Local racing team on verge of calling it quits after 500

April 26, 2013
 IBJ Staff and Associated Press
Carmel-based Panther/Dreyer & Reinbold Racing, a company that was in expansion mode as little as two years ago, plans to close shop after the Indy 500 if it can't find a new sponsor.
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Shares of Angie's List, ITT skyrocket after reports

April 26, 2013
 IBJ Staff and Associated Press
In the heart of a mediocre earnings season for public companies, Indianapolis-based firms Angie's List and ITT Educational Services on Thursday shot to the top of the stock ticker.
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Lawmakers forge deal to help Indianapolis Motor Speedway

April 26, 2013
 The Statehouse File
The plan authorizes the state to loan the Speedway $100 million—money it will borrow through bonds—to make the grandstands more accessible to people with disabilities and to install lights for night races.
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More demand for mall space boosts Simon earnings

April 26, 2013
Bloomberg News
The Indianapolis-based owner of retail centers raised its expectations for the fiscal year after reporting solid gains in occupancy, rent revenue and earnings for the first quarter.
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Celadon's profit, revenue slide in latest quarter

April 25, 2013
 IBJ Staff
Celadon CEO Paul Will noted that the latest quarter had two fewer business days than the previous year's period and was hampered by heavy winter storms.
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Bill would delay new Indiana school standards

April 25, 2013
Associated Press
Indiana legislators prepared a compromise bill Thursday that would suspend implementation of a national set of reading and math education standards for a year while new state reviews are done.
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Budget includes tax cut, more school, road funds

April 25, 2013
Associated Press
Indiana taxpayers will see their personal income tax rate reduced by 5 percent over the next four years under a budget plan agreed to Thursday by lawmakers. The plan also repeals the inheritance tax retroactive to Jan. 1.
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Low-level felons could get less prison time under plan

April 25, 2013
Associated Press
Indiana lawmakers have reached a compromise that would direct more non-violent, low-level felons to work release and other local programs rather than sending them to prison.
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New pro soccer team to be called Indy Eleven

April 25, 2013
Anthony Schoettle
Indianapolis’ pro soccer team doesn’t make its on-field debut until April 2014, but organizers on Thursday unveiled the club’s name: Indy Eleven.
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