Regional News

Rushville broadband firm sued by companies it acquired

October 26, 2010
Scott Olson
Omnicity Corp. is named in three lawsuits brought by owners of companies the firm bought who say they've not been paid the entire purchase price. All told, they claim they're owed more than $1.2 million.
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Greenfield apartment market heats up with sales, development activity

October 26, 2010
Tom Harton
The Hancock County community is drawing interest because of recent hiring in the area and a strong population of seniors.
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Farmland sales go flat in suburban Indianapolis

October 23, 2010
Scott Olson
The real estate bust and a drought in transactions make values all but impossible to gauge.
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Builder's lakeside home defies rustic expectationsRestricted Content

October 23, 2010
Katie Maurer
Sparse interiors, vast windows and thoughtfully placed artwork define the look and feel of the Sundstrom home. Their minimalist approach gives top billing to the view and natural surroundings that originally persuaded the couple to relocate.
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State getting $25M to clean up old GM sites

October 20, 2010
 IBJ Staff and Associated Press
Indiana will benefit from a $25.2 million environmental trust established to clean up and redevelop eight former General Motors plants throughout the state, officials said Wednesday.
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'Payer mix' playing role in hospital merger

October 20, 2010
J.K. Wall
Morgan Hospital & Medical Center is on the brink of merging with Clarian Health for a variety of reasons, but one of the biggest is one that all hospitals are facing in one way or another: a declining payer mix.
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Zionsville galleries watching Carmel arts district

October 16, 2010
Kathleen McLaughlin
Zionsville gallery owners are stepping up their collective marketing efforts as Carmel’s Arts and Design District has landed a new wave of artists and gallery owners over the past five months.
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Indiana Live swamped by debt, faces potential default

October 16, 2010
Francesca Jarosz
Owners of the Indiana Live racetrack and casino face an interest payment on the lion’s share of their $544 million in debt next month, as credit analysts continue fretting about the company’s ability to pay its bills.
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AmericInn buys Fishers hotel, enters local market

October 15, 2010
 IBJ Staff
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.
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Schools, state argue in court over funding formula

October 13, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools sued the state in February, claiming its school funding formula unfairly penalizes growing districts.
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Funding about to expire for IndyGo's north-suburban routes

October 9, 2010
 IBJ Staff
The luxury coach routes from downtown to Fishers and Carmel were launched three years ago and have been popular among suburban commuters.
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Newsweek notes safety record of Carmel's roundabouts

October 9, 2010
 IBJ Staff
Carmel leads the nation in revamping intersections and has seen an 80-percent drop in injury accidents as a result, the magazine noted.
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United Way steps in to help Morgan County's flood repair

October 9, 2010
 IBJ Staff
The grant came from a $45 million pool created by Lilly Endowment Inc. in 2008.
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INSIDE DISH: Cajun couple plays to strengths

October 8, 2010
Mason King
Zydecos_WatchVideoDeb and Carter Hutchinson, owners of Mooresville's unlikely Creole hotspot Zydeco's, have made a living through their gifts for shifting gears. Created on little more than a whim, the eatery thrives on its out-of-left-field approach.
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Grocery distributor to create 100 jobs in Bloomington

October 7, 2010
 IBJ Staff
State economic development officials on Wednesday announced food distributor Nash Finch Co.’s plans to open a Bloomington warehouse and hire 100 workers, formalizing a commitment the Minnesota-based firm made this summer.
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Estridge scales back Symphony development in Westfield

October 5, 2010
Scott Olson
The Estridge Cos. said it is reducing Symphony from a planned 1,400 acres to a size that will closer rival the Carmel-based home builder’s 436-acre Centennial development, also in Westfield.
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German American Bancorp acquires Bank of Evansville

October 5, 2010
American Community Bancorp Inc.'s subsidiary bank, Bank of Evansville, will become part of Jasper-based German American Bancorp Inc. in a deal valued at nearly $30 million.
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Clarke Engineering plans $2.1M expansion in Fishers

October 5, 2010
 IBJ Staff
Fishers-based Clarke Engineering Services plans to invest $2.1 million to expand its headquarters operation, creating as many as 29 jobs by 2012. The 13-year-old firm said it will begin hiring immediately.
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Plans for moving Greenwood airport put on hold

October 4, 2010
Associated Press
A slump in business travel has left the Greenwood Municipal Airport unable to attract the additional jet traffic it needs to have a chance at federal money for an expansion project.
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Heightened competition puts mayors on hot seat

October 2, 2010
Norm Heikens
Elected officials are struggling to know how to respond to the weak economy and constituent demands for jobs.
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Firms with jobs ask for the moon; governments here show restraint

October 2, 2010
Norm Heikens
Businesses have always held the upper hand in negotiating for incentives with local government, but the past couple of years have given rise to the most intensely competitive economic development environment since the early 1980s.
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State auto jobs creeping up againRestricted Content

October 2, 2010
Kathleen McLaughlin
Employment in Indiana’s auto industry has stabilized, and manufacturers even are hiring in small numbers. Hoosier automakers and parts suppliers added 10,000 workers this year through August, bringing total employment in the sector to 100,400.
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Fishers forming sister-city relationship with suburb of Chinese city

October 2, 2010
 IBJ Staff
The area southwest of Shanghai is known as a tourist destination, as well as for its high-tech industrial development zones.
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Stanley moving production to new Greenfield plant

October 1, 2010
Andrea Muirragui Davis
Connecticut-based Stanley Black & Decker Inc. plans to combine two of its manufacturing operations at a new facility in Greenfield, transferring about 100 workers from Shelbyville and adding as many as 80 jobs in the next two years.
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Indiana University aims to raise $5B in a decade

September 29, 2010
 IBJ Staff and Associated Press
Indiana University President Michael McRobbie says the university is in "constant campaign mode," and private philanthropy is vital for enhancing student financial aid, endowed faculty chairs, specialized buildings and academic initiatives.
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