News & Analysis

Hat World expansion to create 571 jobs in Indianapolis

June 10, 2010
 IBJ Staff
Hat World, a subsidiary of Nashville, Tenn.-based Genesco Inc., said it plans to invest up to $22 million to lease and prepare additional space locally as it consolidates manufacturing and warehouse operations from Wisconsin.
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Lugar's energy bill winning support

June 10, 2010
Bloomberg News
Lugar's bill may be able to muster the 60 votes needed for Senate passage because it wouldn't cap emissions or expand offshore drilling, two controversial issues in the Senate.
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Indiana teachers unions hope Congress helps states

June 10, 2010
Associated Press
The leader of Indiana's largest teachers union says if Congress approves up to $300 million for Indiana schools, it could save as many as 7,200 public school employee jobs, including those of Indiana teachers, teaching assistants and bus drivers.
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Area home sales took big hit in May as credit expires

June 9, 2010
Pending home sales fell 31.5 percent last month, following expiration of the federal home-buyer tax credit.
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INDOT commissioner to step down for Duke Energy post

June 9, 2010
Indiana Department of Transportation Commissioner Mike Reed is resigning to become president of Duke Energy's Indiana operations. Michael B. Cline, INDOT's deputy commissioner of operations, will replace him.
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Becky Skillman's blog from China

June 9, 2010
Becky Skillman
Lt. Gov. Becky Skillman is traveling to China with a delegation of state officials and business and community leaders through June 10. Skillman is blogging about their experiences as the group works to build relationships and attract Chinese investment to Indiana.
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Chinese furniture maker picks Marion for U.S. headquarters

June 9, 2010
The upholstered-furniture maker, which operates as Y.K. Furniture, plans to invest $24.3 million to establish its first U.S. subsidiary. The facility will house assembly-and-distribution operations with about 100 employees.
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eTapestry co-founder headed for Baltimore

June 9, 2010
Peter Schnitzler
Longtime local IT entrepreneur Jay Love accepts job as CEO of software-maker Social Solutions, a loss for the Indianapolis high-tech and not-for-profit communities.
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Ballard bets big on $16 million software project

June 9, 2010
Peter Schnitzler
Concluding a year-long evaluation and public bidding process, mayor chooses Oracle's PeopleSoft to replace local government's 1970s-era financial IT system and New York-based Zanett Inc. to lead the implementation.
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Local Hispanic newscaster launching radio show

June 9, 2010
Scott Olson
Marco Dominguez turns to WNTS-AM 1590 after the Hispanic daily television news program he launched last year folded.
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IT consulting firm plans to create 230 jobs

June 9, 2010
Miller Consulting Group will move its headquarters from Indianapolis to Noblesville and add the jobs by the end of 2013, the company said Wednesday morning.
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Avon gives senior-living facility tax abatement

June 9, 2010
 IBJ Staff
Leo Brown LLC's 20-acre, $36 million senior-living community is expected to create 132 jobs with an average salary of $37,000 when it is completed in 2011.
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Indoor amusement center could have new owner

June 9, 2010
Springfield, Mo.-based America's Incredible Pizza Company is negotiating to purchase Xscape and could have a deal finalized as soon as Wednesday.
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Study: Online doc ratings mostly positive

June 9, 2010
J.K. Wall
Angie’s List physician rating service has been controversial since it started in 2008. But an academic journal article is now telling the docs to relax. Nearly 90 percent of patient comments on sites like Angie’s List are positive.
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Lilly taps O'Connor as state lobbyist

June 9, 2010
J.K. Wall
O’Connor, chief deputy mayor under former Indianapolis Mayor Bart Peterson, started Monday as Lilly's director of state government affairs—working again under Peterson.
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Q&A

June 9, 2010
J.K. Wall
Cheryl Blanchard is chief scientific officer at Zimmer Holdings Inc. in Warsaw and chairman of OrthoWorx, a not-for-profit initiative launched in September to help improve the growth environment for orthopedic companies in Warsaw.
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GM recalling 1.5 million vehicles over fire concerns

June 8, 2010
Associated Press
The recall affects several pickup trucks, sport utility vehicles, crossovers and passenger car models from the 2006 to 2009 model years. GM conducted a similar recall in 2008 but came across new reports of fires in vehicles that had been fixed.
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Proposed development near Lilly campus could include hotel

June 8, 2010
Indianapolis developer Buckingham Cos. is in discussions to build a mixed-use development that could include apartments, shops, office space, and a hotel and conference center.
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Indiana pension fund officer takes N.C. post

June 8, 2010
 IBJ Staff and Associated Press
The chief investment officer for Indiana's public employee pension fund is taking a similar job in North Carolina at a base salary of $320,000.
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Indy entrepreneurs draft plans for 3 microbreweries

June 8, 2010
Cory Schouten
Three local microbreweries—Triton Brewing Co., Bier Brewery & Taproom and Flat 12 Bierwerks—are planning to open in the next few months in a rush inspired in part by the runaway success of homegrown Sun King Brewing Co.
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Rolls-Royce snags $7.5 million military contract

June 8, 2010
 IBJ Staff
Engineers at Rolls-Royce Corp.’s Indianapolis manufacturing facility will work for the next year to design, develop and test an upgrade for a digital engine control the company is making for the U.S. Army’s OH-58 Kiowa Warrior helicopter.
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Benner leaving convention group for Horizon League

June 8, 2010
 IBJ Staff
Well-known local sports columnist Bill Benner is leaving his job at the Indianapolis Convention & Visitors Association to become senior associate commissioner for external affairs for the Horizon League.
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Curtis sues pizza chain over Rockwell painting in ad

June 8, 2010
Bloomberg News
The suit, filed in federal court in Indianapolis, accuses Hungry Howie's Pizza & Subs Inc. of Madison Heights, Mich., of infringing the copyright to a Saturday Evening Post cover first published in 1943.
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Fort Ben home, condos headed to auction

June 8, 2010
Tom Harton
The former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old army base are being auctioned June 17, a reflection of the difficulty of selling high-end condos in a soft real estate market.
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Southern Wine to create 200 jobs in central Indiana

June 8, 2010
 IBJ Staff
The country's largest beer, wine and liquor distributor plans to invest more than $10 million to establish operations in central Indiana, creating 200 jobs at a regional office and distribution center here.
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  1. Why should citizens rates increase forever to basically reduce Dukes cost to operate in the future? They will have no meter readers, no connect/disconnect personnel and will need fewer lineman to handle the same number of customers. Add to that the ability to replace customer service by giving detailed information electronically. Why do we have to subsidize the cost cutting measures of a Public Utility?

  2. In response to Sassafras, I have to ask if you relocated directly from Bloomington to Carmel? First, as you point out, Carmel is 48 square miles. Do you think it’s possible that some areas are more densely developed than others? That might explain traffic density in some places while others are pretty free moving. Second, your comment “have you ever been to Chicago--or just about any city outside of Indiana?” belies your bias. I don’t know, Sassafras, have you never been to Nashville, Columbus, OH, Cincinnati, St. Louis, Kansas City, Denver, Phoenix? They’re not a lot different in density than Indy. One more thing…I understand these comment sections are for expressing opinions, so those of us just looking for facts have to be patient, but you mention “low-density” Indy. How many cities in the US comprise 400 square miles with about 10% of that still being agricultural? Those facts certainly can impact the statistics.

  3. With all the past shady actions of Duke with utility regulators, one wonders do they really need such a huge amount? Concerned regulators not protecting ratepayers from the aggressive Duke monolith.

  4. I thought that had to be the way it was but had to ask because I wasn't sure. Thanks Again!

  5. I could be wrong, but I don't think Butler views the new dorm as mere replacements for Schwitzer and or Ross.

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