News & Analysis

Amusement center set for Clearwater area

April 15, 2011
Cory Schouten
An entertainment venue featuring a bowling alley, concert hall and restaurant is set to replace a vacant movie theater.
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House panel backs weakened immigration bill

April 15, 2011
Associated Press
An Indiana House committee has approved a watered-down immigration proposal a day after removing a contentious provision that would have given police officers more latitude to ask people for proof that they are in the country legally.
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Landlord seeking to evict Jillian's over unpaid rent

April 15, 2011
Scott Olson
The landlord of the downtown building that houses Jillian's, which filed for bankruptcy protection earlier this week, wants the restaurant and entertainment complex out of its building, alleging the tenant owes nearly $700,000.
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Analysts: Indiana taking in more money than expected

April 15, 2011
Associated Press
Analysts told the State Budget Committee on Friday they expect the state to take in some $643.7 million more in fiscal 2012 and 2013 than anticipated in the previous revenue forecast.
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UPDATE: Extra tax dollars aimed at full-day kindergarten

April 15, 2011
Francesca Jarosz
A projected increase in state revenue should allow all Indiana school districts to provide full-day kindergarten, a long-time goal of the governor and many education officials.
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Battery maker drops Indianapolis president

April 15, 2011
Kathleen McLaughlin
Battery maker Ener1 Inc. has fired Chief Operating Officer Rick Stanley, who was also president of the company's Indianapolis-based operation, EnerDel Inc.
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Federal budget could create headaches for Rolls-Royce

April 15, 2011
Kathleen McLaughlin
The federal budget crunch already has halted work on a second engine for the F-35 Joint Strike Fighter being developed by General Electric and Rolls-Royce—putting thousands of jobs in jeopardy—and it's not the only aerospace program facing an uncertain future.
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Hofmeister jewelry business files Chapter 11

April 15, 2011
The northeast-side retailer listed assets of nearly $3.8 million and liabilities of $5.4 million. Much of the debt includes a bank loan and money owed to suppliers for inventory.
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LOU'S VIEWS: IU Opera premieres 'Vincent'

April 15, 2011
Lou Harry
As ambitious an arts project as you are likely to find so far this century in central Indiana, IU Opera’s world premiere production of “Vincent” overflowed with stunning design and strong music.
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Lilly’s Bydureon wins backing of European drug panel

April 15, 2011
Bloomberg News
The drug awaits final action by the European Commission, which has the authority to approve medicines for the European Union. The Commission usually makes a decision on CHMP recommendations within two to three months.
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Indiana Senate panel backs GOP redistricting plan

April 14, 2011
Associated Press
A Republican-led Indiana Senate committee on Thursday approved a plan for new Senate election districts that Democrats maintain unfairly dilutes black and Hispanic voting strength.
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Storms drafted ethics memo on own case at IURC

April 14, 2011
Associated Press
Former Indiana Utility Regulatory Commission counsel Scott Storms spoke out for the first time publicly on ethics charges brought against him, denying allegations that there was a conflict of interest in how he handled cases involving Duke Energy.
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Fishers money manager target of state probe

April 14, 2011
Scott Olson
The Indiana Secretary of State’s Office is investigating prominent Fishers money manager Keenan Hauke after one of his advisers accused Hauke of financial irregularities involving a hedge fund he operates.
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Arizona-style provision removed from immigration bill

April 14, 2011
Associated Press
The House Public Policy Committee made several changes Thursday to the bill proposed by Republican Sen. Mike Delph of Carmel and could vote on it Friday. The legislation includes tax penalties for businesses that hire illegal immigrants.
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UPDATE: Chamber leaders clashed on transit strategy

April 14, 2011
Kathleen McLaughlin
A turf battle over mass transit may have fueled Roland Dorson's apparent departure from the Greater Indianapolis Chamber of Commerce.
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Indianapolis-area home sales continue to slump

April 14, 2011
Sale agreements in the nine-county Indianapolis area fell 20 percent in March compared to the same month of 2010. Local home sales have been in a downward spiral for nearly a year.
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Applications for unemployment benefits rise nationally

April 14, 2011
Associated Press
The government says applications for unemployment benefits rose 27,000, to a seasonally adjusted 412,000 for the week ended April 9. That left applications at their highest point since mid-February.
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Foreclosure filings fall in state, nation

April 14, 2011
 IBJ Staff and Bloomberg News
Foreclosure filings in Indiana dropped 36 percent in the first quarter from the year-ago period, and 27 percent nationally. An industry report, however, attributes the decline to paperwork delays related to a documentation scandal.
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Blue Ribbon Transport plans move, new jobs

April 14, 2011
 IBJ Staff
Indianapolis logistics firm Blue Ribbon Transport Inc. will invest $1 million to move into a larger headquarters, adding as many as 75 jobs over the next three years, economic development officials said Thursday morning.
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Indiana's largest school system cutting 357 teachers

April 14, 2011
 IBJ Staff and Associated Press
Indianapolis Public Schools said Wednesday it will cut 357 teaching jobs to fill a nearly $21 million budget hole due to cuts in state funding.
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Dorson on leave amid fallout with executive committee

April 14, 2011
 IBJ Staff
Roland Dorson, president of the Greater Indianapolis Chamber of Commerce, has had a falling out with the group’s executive committee and has gone on leave from the organization.
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Indiana panels OK teacher merit pay, voucher bills

April 13, 2011
Associated Press
Two pieces of Indiana Gov. Mitch Daniels' sweeping education plan, a voucher plan that would direct taxpayer money to private schools and a merit pay bill that links teacher pay to student performance, cleared key legislative hurdles Wednesday.
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Indiana Democrats seek more time with GOP redistricting plan

April 13, 2011
Associated Press
Outnumbered Democrats in the Indiana House argued Wednesday that the new election districts proposed by Republicans would lead to fewer competitive races and create more solidly GOP seats.
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Downtown Jillian’s restaurant owner files Chapter 11

April 13, 2011
Scott Olson
Locally based FB&F Entertainment LLC, which operates downtown restaurant and entertainment complex Jillian's, lists no assets and liabilities of nearly $2.2 million.
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Disasters hammer Baldwin & Lyons—again

April 13, 2011
J.K. Wall
Indianapolis insurer Baldwin & Lyons Inc. stands to lose $15.5 million as a result of the earthquake and tsunami in Japan, as well as other disasters in Australia and New Zealand.
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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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