Regional News

Carmel insurer looks within to find new CEORestricted Content

March 16, 2013
 IBJ Staff
Indiana Farmers Mutual picks executive vice president and legal counsel to replace long-time leader Daniel Stone.
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Mass transit campaign floods market with $1 millionRestricted Content

March 16, 2013
Chris O'Malley
The campaign to expand public transit in the region has generated a busload of money for some media and marketing outlets, thanks to $1 million in federal grants to advertise the benefits of mass transit.
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ITT fights to stem tumbling enrollmentRestricted Content

March 16, 2013
J.K. Wall
A federal investigation and a shareholder lawsuit are the latest headwinds to threaten ITT Educational Services Inc., which is trying to reverse a precipitous decline in enrollment.
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Noblesville manufacturer plans move to Elwood, expansion

March 13, 2013
Kathleen McLaughlin
Warner Bodies Inc., a 74-year-old Noblesville manufacturer with 50 employees, expects to add about 150 workers after moving to Elwood.
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Plainfield distribution facility with 137 workers closing

March 12, 2013
Pitney Bowes said 137 employees will lose their jobs when it ceases operations at a distribution center in Hendricks County in May.
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Investor places first bet on Zionsville's Main Street

March 12, 2013
Tom Harton
Eric Bretzman, an engineer for Chip Ganassi Racing, closed March 1 on the purchase of 40 S. Main and negotiated a new long-term lease with il Villagio, an Italian restaurant that has operated in the 4,000-square-foot building for 10 years.
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Annexation request crimps Anderson land plan

March 11, 2013
Associated Press
Efforts by Anderson officials to annex land to create an economic development corridor could be thwarted by a request from property owners who want to become part of the town of Lapel instead.
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Kite Realty is makeover artist for tired shopping centersRestricted Content

March 9, 2013
Cory Schouten
Having rejuvenated Glendale Town Center and Rivers Edge, Kite is turning its attention to Rangeline Crossing in Carmel.
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Carmel puts 7-acre parcel up for grabs

March 9, 2013
Kathleen McLaughlin
Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.
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Baldwin move a win for Lauth, a setback for downtown

March 5, 2013
Cory Schouten
The departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
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Baldwin to move HQ to Carmel, add 133 jobs

March 4, 2013
J.K. Wall
Trucking and auto fleet insurer Baldwin & Lyons Inc. plans to move its headquarters from downtown Indianapolis to Carmel by the end of the year and hopes to add 133 jobs over the next five years, the company announced Monday afternoon.
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Airport puts parking operations under reviewRestricted Content

March 2, 2013
Chris O'Malley
The revenue-hungry Indianapolis Airport Authority is reviewing its entire parking operation, including opening up its valet parking contract in search of new services that would appeal to business travelers and in turn boost the airport’s bottom line.
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Transit bill to face tough road in SenateRestricted Content

March 2, 2013
Kathleen McLaughlin
A bill to create a rapid-transit system in central Indiana is headed for the crucible of the Senate, where skeptics stand ready to tear apart the proposal’s $1.3 billion financing plan.
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Hospital systems forcing doctors to choose sidesRestricted Content

March 2, 2013
J.K. Wall
The five-year trend of physician practices marrying up with hospitals has made it harder and harder for independent physician practices to spend time in more than one hospital system.
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Auto parts supplier lays off 200 in northeastern Indiana

March 1, 2013
Contech Castings LLC has suspended certain operations at plants in Auburn and Pierceton and laid off more than 200 employees after losing a customer to a competitor.
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Chrysler confirms state investment of $374 million

February 28, 2013
Dan Human
Chrysler Group LLC plans to invest a total $374 million and add 1,250 jobs in Kokomo and Tipton, the company confirmed Thursday.
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Carmel tech firm plans to expand, add 36 jobs

February 27, 2013
Cloud computing firm Polleo Systems Inc. said it will add the jobs by 2016 as part of a $2.5 million expansion of its Carmel City Center headquarters
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Ambrose snags large industrial deal

February 26, 2013
Tom Harton
Ambrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution center for Gordmans Inc.
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Factory workers struggling to bounce backRestricted Content

February 23, 2013
Dan Human
Thousands of Indiana’s rank-and-file factory workers have seen their earnings lose ground to that of white-collar workers. The gap has grown even as manufacturers expect their assembly-line workers to have more skills and more advanced education.
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Crean's revival of IU basketball fuels donations, merchandise salesRestricted Content

February 23, 2013
Anthony Schoettle
Indiana University is looking to cash in on the success of its men's basketball team this season, but is struggling to find ways to make more money from an already popular program.
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Westfield golf pro to be inducted into PGA Hall of FameRestricted Content

February 23, 2013
Don "Chip" Essig IV was the 2011 recipient of the PGA Golf Professional of the Year award.
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First Internet plans 48 jobs in $4.3M Fishers office

February 19, 2013
Scott Olson
The $4.3 million expansion will go toward purchasing and refurbishing a building near Interstate 69 and 116th Street that formerly housed the St. Vincent Health medical center.
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Indiana town takes unusual step to gain control of utilityRestricted Content

February 16, 2013
Scott Olson
Mooresville’s bid to purchase water operations likely will be decided in court.
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Two neighboring utilities united by fiber in Hancock CountyRestricted Content

February 16, 2013
Chris O'Malley
Unusual merger of Hancock Telecom and Central Indiana Power is paving the way for network deployment in rural areas.
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Mass-transit measure passes key House hurdle

February 13, 2013
Kathleen McLaughlin
The House Ways and Means Committee cleared the bill, which would allow voters to decide whether to add 0.3 percent to local income tax rates to pay for a proposed central Indiana mass-transit system.
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