News & Analysis

INDIANA 100: Vertellus still envisions putting self on the marketRestricted Content

June 21, 2014
Norm Heikens
A recession and rising international competition kept Indianapolis-based Vertellus Specialties Inc. from soaring as quickly as its owners planned, but the company’s chief says the chemical maker—a leading manufacturer of Deet insect repellent—still will be put up for sale.
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INDIANA 100: Mainstreet tops fastest-growing companies listRestricted Content

June 21, 2014
Nursing home developer Mainstreet is the fastest-growing private company in the Indianapolis area.
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Bill would force feds to recognize startupsRestricted Content

June 21, 2014
U.S. Rep. Andre Carson, D-Indianapolis, wants to help startups compete for federal contracts and obtain access to loans.
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State agency fights utility rates for electric cars

June 20, 2014
Associated Press
Indianapolis Power & Light Co. has requested a rate increase to help pay for its part in setting up charging stations for electric cars that drivers could rent as part of the BlueIndy program, a partnership between the city and the France-based Bollore Group.
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IU Health consolidation would cut 3 downtown hospitals to 2

June 20, 2014
J.K. Wall
Indiana University Health wants to consolidate its University and Methodist hospitals into one downtown location, a plan that would see one or both facilities close or be converted to another use.
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IU Health to merge 2 downtown hospitals

June 20, 2014
J.K. Wall
Indiana University Health wants to merge two of its big downtown hospitals—University and Methodist—into one location, meaning either one or both would close or be converted to another use.
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Budget leaders examine Healthy Indiana financing

June 20, 2014
Associated Press
Members of the State Budget Committee took a detailed look Friday at how Gov. Mike Pence would pay for "Healthy Indiana Plan 2.0," his proposal to expand insurance coverage using a state-run plan instead of traditional Medicaid.
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Plainfield logistics firm to move to new HQ

June 20, 2014
Mason King
Plainfield-based Hanzo Logistics plans to move about a half-mile north to a new $17 million headquarters and distribution facility, expected to be complete in September.
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Defendant in Land Bank fraud case pleads guilty

June 20, 2014
Cory Schouten
One of five defendants in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty in a deal with federal prosecutors.
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Indiana unemployment rate holds steady

June 20, 2014
 IBJ Staff
The state's jobless rate held firm in May at 5.7 percent, following nine straight months of declines.
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New law paves way for more adult high schools

June 20, 2014
Alec Gray, The Statehouse File
To get approved, a school must have programming that differs from a regular high school, has flexible scheduling, provides the majority of the instruction in the classroom, and offers dual credit or industry certifications.
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For-profit education company warns it may have to shut down

June 20, 2014
Associated Press
Corinthian Colleges is a competitor of Carmel-based ITT Educational Services Inc. Firms in that field have seen enrollment drop amid heightened government scrutiny.
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State makes moves to clean up voter lists

June 20, 2014
Allie Nash, The Statehouse File
Many Hoosiers will be receiving postcards this week requesting updated information as part of a statewide effort to clean up voter-registration information.
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State awards $8 million in school-improvement grants

June 20, 2014
Paige Clark, The Statehouse File
The grants – funded by the federal government – are awarded to schools that demonstrate a need for the money and plan to use the funds to raise achievement levels.
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Poll: Many struggle to pay health premiums under Obamacare

June 19, 2014
Associated Press
Most people who signed up under President Barack Obama's health care law rate their new insurance highly, but a substantial number are struggling with the cost, according to a poll released Thursday.
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Ivy Tech to offer entrepreneurship certificate programs

June 19, 2014
Paige Clark, The Statehouse File
Ivy Tech Community College will offer new certificates in entrepreneurship at 31 campuses starting in August.
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Indiana chief justice pick may not be immune to politics

June 19, 2014
Associated Press
Even though Gov. Mike Pence won't make the appointment, experts say politics could influence the selection of a new chief justice.
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Audit finds 'intentional misuse' of funds by Elevate Ventures

June 19, 2014
Dan Human, Associated Press
The Office of the Inspector General of the U.S. Treasury Department says Elevate Ventures “intentionally misused” almost $500,000 in taxpayer funds when the state contractor invested in a company run by its board chairman.
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Carmel retailers play defense against U.S. 31 construction

June 19, 2014
Andrea Muirragui Davis
Business has skidded for some eateries along the corridor as work crews transform it into a limited access highway. Proprietors are reaching out to customers with promotions but gripping the bottom line.
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Indiana Toll Road operator facing debt woes

June 19, 2014
Associated Press
The Spanish-Australian investor group Cintra-Macquarie paid the state $3.8 billion in 2006 for a 75-year lease of the 157-mile highway, but its toll revenue hasn't met expectations.
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Sports memorabilia forfeited to help repay Ball State

June 19, 2014
Associated Press
A New York City man who pleaded guilty to wire fraud for his role in an investment fraud scheme that cost Ball State University $3.8 million has agreed to forfeit a baseball jersey autographed by Mickey Mantle and boxing gloves autographed by Mike Tyson.
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Anderson, Purdue look to create high-tech center

June 19, 2014
Associated Press
The Purdue Polytechnic Institute being planned in Anderson could have programs for 500 students and hundreds of entrepreneurs.
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Wal-Mart to open e-commerce center in Plainfield

June 19, 2014
 IBJ Staff
The giant retailer said it will build a 1.2.-million-square-foot e-commerce fulfillment facility in the AllPoints Midwest industrial park that will employ up to 303 workers by 2016.
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Simon promotes longtime treasurer to CFO

June 19, 2014
 IBJ Staff
Simon Property Group Inc. announced Wednesday the promotion of Andrew Juster to chief financial officer, succeeding longtime CFO Stephen Sterrett.
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Lilly gives $1.3M to TechPoint to launch new program

June 19, 2014
 IBJ Staff
Interns in the first Xtern program will live together at IUPUI and work at 12 of the city's tech companies, including ExactTarget, Interactive Intelligence, Apparatus, HC1, Smarter Remarketer and Tinderbox.
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  1. Only half a million TV Viewers? And thats an increase? I knew Indycar was struggling but I didn't know it was that bad. Hell, if NASCAR hits 5 Million viewers everyone starts freaking out saying its going down hill. It has a long way to before Indycar even hits NASCAR's bad days.

  2. IU has been talking that line for years with no real progress even with the last Dean, Dr. Brater. Why will an outsider, Dr. Hess, make a difference? With no proof of additional resources (cash in the bank), and a concrete plan to move an academic model that has been outdated for decades with a faculty complacent with tenure and inertia, I can count on IU to remain the same during the tenure of Dr. Hess. One ought to look to Purdue and Notre Dame for change and innovation. It is just too bad that both of those schools do not have their own medical school. Competition might wake up IU. My guess is, that even with those additions to our State, IU will remain in its own little world squandering our State's tax dollars. Why would any donor want to contribute to IU with its track record? What is its strategy to deal with the physician shortage for our State? New leadership will not be enough for us to expect any change.

  3. How do you think the Bridges got approved? I spent a couple days researching PAC's and individual contributions to some city council members during that time. My printouts were inches thick on the two I concentrated on. Finally gave up. Was disgusted with all the donations, and who they were from. Would have taken me days and days to compile a complete list. Tried to give it to the Star reporter, but he thought it was all just fine. (and apparently he was treated well himself) He ended up being laid off or fired though. And then of course, there was land donated to the dad's club, or city, as a partial payoff. All done in the shining example of "charity." No, none of these contributions are a coincidence.

  4. I agree what kind of help or if any will be there for Dr. Ley's patients. I was a patient myself.

  5. What about the hundreds of patients who sought this doctor for the right reasons, to quit drugs. what option do these patients now have, experience horrible withdrawl or return to heroin?? those are the choices. what about the children of these former addicts who's parent(s) WILL not b able to maintain their job, for @ least 2 weeks.. There needs to b an emergency clinic opened for these patients.

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