News & Analysis

Panel OKs plan to cut Indiana corporate tax rate

February 16, 2011
Associated Press
A proposed cut of more than 20 percent in the state's corporate income tax rate would improve Indiana's business climate without hurting the state budget, the leader of the Indiana Senate's tax committee said Wednesday.
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Butler hires ex-IU coach Lynch as assistant AD

February 16, 2011
Associated Press
Butler has hired former Indiana University football coach Bill Lynch as associate athletic director for development.
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China company bringing 150 jobs to Lafayette

February 16, 2011
Nanshan America Co. will invest $98.5 million to construct a manufacturing facility and office building, with work slated to begin in the spring. The company will start hiring in the fall.
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UPDATE: House votes to kill pricey jet fighter engine

February 16, 2011
Associated Press
The decision on military budget cuts could have a big impact on the Indianapolis operations of Rolls-Royce Corp., the city’s second-largest manufacturer behind Eli Lilly and Co.
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Lawmaker wants state to stop funding Planned Parenthood

February 16, 2011
Associated Press
Rep. Matt Ubelor of Bloomfield said he wants to cut off about $1.6 million that Planned Parenthood of Indiana receives from the state because he believes abortion providers shouldn't receive taxpayer funding.
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Universities, refugees fuel Indiana's Asian growth

February 16, 2011
Associated Press
That growth has been concentrated in five counties that account for nearly 60 percent of the state's Asian population. Those counties are Allen, Hamilton, Marion, Monroe and Tippecanoe
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Appeals court agrees to hear challenge in Simon case

February 16, 2011
Cory Schouten
The Indiana Court of Appeals has agreed to hear an appeal from the widow of the late Melvin Simon, putting on hold a legal dispute over the mall magnate's more than $2 billion estate.
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UPDATE: Borders files bankruptcy, to close 2 area stores

February 16, 2011
 IBJ Staff and Bloomberg News
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
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Fourth-quarter earnings improve at Calumet

February 16, 2011
Kathleen McLaughlin
Calumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
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Home construction weak both locally, nationally

February 16, 2011
 IBJ Staff and Associated Press
Home building in the Indianapolis area fell by more than 30 percent n January over the same month of 2010.
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Hamilton County woman to be sentenced in stock scheme

February 16, 2011
Prior to Wednesday's sentencing, the Secretary of State's securities division said it reached an agreement to liquidate the assets of Dorothy Geisler, including her home on Geist Reservoir.
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Reform, revenue behind Franciscan expansion

February 16, 2011
J.K. Wall
Changes unleashed by health reform are pushing Franciscan St. Francis Health’s expansion into Hamilton County—in addition to the obvious pull of the area’s well-heeled population.
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Fort Wayne firm to open health info to patients

February 16, 2011
J.K. Wall
With electronic medical record systems proliferating, there’s information galore about patients. But it’s not so easy for patients to get at it. Now Fort Wayne-based NoMoreClipboard has been charged to design ways to fix that problem.
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Q&A

February 16, 2011
J.K. Wall
Harlon Wilson, president of Indianapolis-based Medical Animatics, says the uncertainty created by the recession and now health care reform have dried up most opportunities for his 3-D animation firm to win new business with health care clients. So he’s looking at new markets—such as the recent online learning work for Harrison College that led Medical Animatics to sell some of its assets to the for-profit university. And Wilson is still banking on persistent needs to educate patients to cause health care to bounce back.
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St. Vincent CEO takes on new duties in Wisconsin

February 16, 2011
J.K. Wall
St. Vincent Health CEO Vince Caponi will take charge of three hospitals in Wisconsin that are also owned by St. Vincent’s parent organization, Ascension Health. He'll also keep his current job.
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Irsay: Colts put franchise tag on Manning

February 15, 2011
Associated Press
Manning, the only four-time MVP in league history, has been given the exclusive franchise tag, a move that could cost the Colts $23 million next season. Team owner Jim Irsay announced the decision Tuesday night on Twitter.
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GOP-led panel tweaks Daniels' school voucher bill

February 15, 2011
Associated Press
Fewer families would qualify for private school vouchers under changes Republican lawmakers have made to Indiana Gov. Mitch Daniels' controversial proposal.
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Indiana Senate panel advances marijuana, meth bills

February 15, 2011
Associated Press
The Senate's criminal law committee voted 5-3 to advance to the full Senate the bill directing the criminal law and sentencing study committee to examine Indiana's marijuana laws next summer and make recommendations.
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Union protests at Statehouse on GOP proposals

February 15, 2011
Associated Press
The future of the bill drawing the strongest ire of the union members remained uncertain as a Republican committee chairman said a decision had not been made on whether so-called right-to-work legislation would be considered this session.
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Indiana House OKs amendment banning gay marriage

February 15, 2011
Associated Press
The Republican-controlled House voted 70-26 to advance the proposal, which must clear two separately-elected Legislatures to get on the ballot for a public vote.
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Fair trustee: Durham committed fraud of 'shocking proportions'

February 15, 2011
Greg Andrews
Fair Finance Co.’s bankruptcy trustee alleges Tim Durham perpetrated a fraud of  "shocking proportions,” draining huge sums from the Akron, Ohio, firm for years to mask that his business empire had collapsed.
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Booster groups Indy Partnership, Develop Indy to merge

February 15, 2011
Cory Schouten
Local economic development groups Indy Partnership and Develop Indy plan to combine operations to save money and more effectively pitch the city and region to potential job creators.
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Logistics provider cutting 76 jobs in Brownsburg

February 15, 2011
Pittsburgh-based Genco ATC is vacating its Brownsburg facility after failing to receive the contract to operate the warehouse at 901 Northfield Drive.
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Business Ownership Initiative hires executive director

February 15, 2011
Sean Morrison
Julie Grice, a 10-year veteran of the Greater Indianapolis Chamber of Commerce and former business owner, began her tenure as executive director of the not-for-profit Business Ownership Initiative of Indiana on Sunday.
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Fair Finance trustee sues Indy attorney for $375,000

February 15, 2011
Greg Andrews
The loan from Fair Finance Co. to Stephen and Linda Plopper matured in 2006, but the couple has failed to satisfy the debt despite recent demands for payment, the suit alleges.
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  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

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