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Regional News
Midwest Energy oil firm drilling for $15M
December 8, 2012
Chris O'MalleyAn Indianapolis investment advisory oil firm has been looking for blowouts in its own back yard. Midwest Energy Partners is
preparing for its seventh—and largest—round of funding to pay for oil drilling in southwestern Indiana and southeastern
Illinois.
MoreLawmakers may tighten grip on gold-buying business
December 8, 2012
Kathleen McLaughlinState lawmakers and Indianapolis officials are looking to regulate the gold-buying business, which police say provides an
easy outlet for stolen goods. Cash-for-gold stores have multiplied as prices more than doubled since 2007.
MoreFunding cuts may pull plug on school broadcasting
December 7, 2012
Associated PressIn August, Greenfield city officials decided to drastically slash funds for Greenfield-Central High School's broadcasting
program. The future of the programs remains in a state of limbo for the 2013-14 school year and beyond.
MoreSubaru still considering Indiana plant expansion
December 5, 2012
Bloomberg NewsFuji Heavy Industries Ltd.’s Subaru unit is studying whether to expand its Indiana auto-assembly plant as the Toyota
Motor Corp. affiliate seeks to boost U.S. output to curb currency losses and meet growing demand for its models.
MoreSlinky maker hoping to purchase bankrupt Fundex
December 4, 2012
Scott OlsonPlainfield-based Fundex Games Ltd., which filed for bankruptcy protection in September, said Poof-Slinky Inc. is the only
potential purchaser that has shown interest in acquiring the company's assets.
MoreWabash Valley Power aggressively shifting to greener alternatives
December 1, 2012
Chris O'MalleyThe Wabash Valley Power Association has been reducing its dependence on energy produced from coal—from 95 percent five
years ago to 54 percent today. The utility is leaning more on natural gas and even renewable-energy sources like methane from
landfills and animal waste.
MoreBrightPoint buyer Ingram Micro mulls cost-cutting
December 1, 2012
Dan HumanA top BrightPoint Inc. executive expects little employment change for the distribution and logistics company’s 1,100-person
central Indiana work force, despite the potential for job cuts and facility closings across the country.
MoreData center N/Frame spending more on Carmel upgrade
December 1, 2012
Chris O'MalleyThe company that hosts outsourced computer operations is dramatically boosting its investment in its local operation.
MoreCrews face deadline on central Indiana wind farm project
November 30, 2012
Associated PressConstruction crews are hustling to beat a Dec. 31 deadline to get 125 turbines in operation for a wind farm that is eventually
planned to reach into four central Indiana counties.
MoreResidents fight plan to turn golf course into farm
November 27, 2012
Associated PressMost of the 158 acres that made up the Yule Golf Club in Alexandria was sold in an October auction for nearly $1 million to
Yorktown farmer Dale Rinker, who is seeking city permission to use it for agriculture.
MoreIron ore processor plans $350M Indiana project
November 27, 2012
IBJ StaffA Minnesota-based mining company plans to spend as much as $350 million to build a iron ore pellet plant in Indiana, creating
up to 100 jobs by 2015, the company announced Tuesday morning.
MoreBloomington approves $27 million downtown hotel project
November 27, 2012
Associated PressThe Bloomington City Council has approved giving up some city property for construction of a $27 million Hyatt Hotel near
the downtown courthouse square.
MoreInsurance customer lawsuits dog CNO
November 24, 2012
Chris O'MalleyCNO Financial Group appears to have wrapped its arms around the cost of settling a trio of consumer lawsuits involving life
insurance rate hikes, but it’s not out of the woods yet.
MoreCarmel council approves refinancing package
November 19, 2012
IBJ StaffCarmel’s City Council on Monday night voted 7-0 to approve a proposal to refinance $195 million in debt incurred by
the Carmel Redevelopment Commission.
MoreExactTarget co-founder Baggott turns zeal to natural farming
November 17, 2012
Kathleen McLaughlinChris Baggott has spent the past year and a half raising cattle, pigs and chickens on pasture, rather than conventional feed
grain, and without the use of hormones or antibiotics.
MoreCarmel project dogged by conflict questions
November 17, 2012
Kathleen McLaughlinAn executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project
was driven by conflicts of interest.
MoreLocal chain takes vacant Clearwater restaurant spot
November 17, 2012
Zionsville-based Oobatz! will open in building formerly occupied by Uno Chicago Grill.
MoreZionsville, school district make $5.7M land deal with Dow
November 14, 2012
Scott OlsonZionsville Community Schools and the town of Zionsville are teaming up to purchase and develop a prime piece of real estate
owned by Dow Chemical Co.
MoreTruck-parts supplier expanding in Plainfield, adding 82 jobs
November 13, 2012
Troy, Mich.-based Meritor Inc., a global supplier of commercial truck parts, said it will consolidate North American remanufacturing
operations by moving production from Ontario, Canada, to its facility in Hendricks County.
MoreGift lets land trust preserve 109 acres in Johnson County
November 13, 2012
Dan HumanA $200,000 gift from the Dr. Laura Hare Charitable Trust will help the Central Indiana Land Trust acquire 109 forested acres
in southwest Johnson County.
More$33 million mixed-use project to remake Fishers
November 10, 2012
Cory SchoutenFishers officials are finalizing a deal with a local developer for a mixed-use project that would launch a long-awaited transformation
of the town’s suburban core.
MoreHoosier colleges discover patents aren't just for faculty anymore
November 10, 2012
Chris O'MalleyUniversities that once focused on faculty inventions now are encouraging students to pursue patents. Last year, 355 Purdue
University students filed a patent, a 62-percent jump from 218 student-filed patents the previous year.
MoreOut-of-the-way telecom company to branch into Indy
November 10, 2012
Chris O'MalleySmithville Telephone, headquartered in Ellettsville, near Bloomington, is the state’s largest independently owned phone
company. Its Smithville Digital division, which provides fiber-optic communications to businesses, hospitals and schools in
17 Indiana counties, mostly in the south, has quietly been growing on the periphery of Indianapolis.
MoreTown of Fishers to become city with elected mayor
November 6, 2012
IBJ StaffVoters in the fast-growing suburb north of Indianapolis approved a ballot measure Tuesday that will turn the town of 80,000
residents into a second class city with an elected mayor.
MoreFacadeTek eliminating 72 jobs in Whitestown
November 6, 2012
Glass fabricator FacadeTek Inc. has notified state officials that it will eliminate 72 jobs at its Whitestown facility in
January.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.