Madison County

Litigation slows entrepreneur behind laser weapons, flying scooterRestricted Content

January 30, 2010
Chris O'Malley
Anderson entrepreneur Pete Bitar has been slowed by litigation but still plans to spearhead a team in the competition to put a rover on the moon.
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Rising credit card fees eroding retailers' profits

January 23, 2010
Peter Schnitzler
Businesses say the money they must pay to provide customers the convenience to use plastic adds up. For example, Ricker Oil Co. paid a whopping $3.9 million in 2009, according President Jay Ricker.
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City's sole high school will keep Anderson name

January 13, 2010
Associated Press
The district's school board voted 6-1 Tuesday night for a plan using the Anderson High School building for grades 10-12 starting next fall. The Highland High School building will house grades 7-9.
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Hoosier Park owner misses $13.4M loan payment

October 29, 2009
Peter Schnitzler
Indianapolis-based Centaur LLC, owner of Anderson's Hoosier Park horse track and casino, missed a $13.4 million interest payment due Tuesday on its more than $400 million in outstanding debt, putting the company in default with its lenders.
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Public transportation entities in Indianapolis region might be reorganizedRestricted Content

October 24, 2009
Chris O'Malley
The Central Indiana Regional Transportation Authority, IndyGo and other Indianapolis-area transit groups are the subject of a study that could result in them being reorganized.
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Ivy Tech building new campus in Anderson

October 7, 2009
 IBJ Staff and Associated Press
Ivy Tech Community College will build a $20 million campus along Interstate 69 in Anderson, school and city officials announced Tuesday.
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Indiana hospitals settle Medicare lawsuit

September 30, 2009
 IBJ Staff
Six hospital systems, including three in Indiana, have agreed to pay the federal government $8.3 million to settle a whistleblower lawsuit alleging the hospitals deliberately overcharged Medicare for routine back surgeries.
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Elwood rock store expands inventoryRestricted Content

September 26, 2009
Marc D. Allan
Spencer Lapidary expands offerings to include stained glass and silver.
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Anderson firm aims to clean up diesel emissions

September 17, 2009
Kathleen McLaughlin
Engineer Refaat "Ray" Kammel's Anderson engineering firm has received a $2-million grant from the Indiana Department of Economic Development to start manufacturing a patented device that will help old trucks meet new federal emission standards.
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Anderson siblings buying city's Mounds Mall

September 15, 2009
 IBJ Staff and Associated Press
Two Anderson siblings are buying the city's Mounds Mall from the Florida-based company that has owned it for the past six years.
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Region's expertise in hybrid cars goes beyond high-profile players

September 5, 2009
Chris O'Malley
Bright Automotive and EnerDel are well known for their development of components for hybrid cars, but the region has several other players poised to be big players in the sector. In fact, few realize that North America’s largest producer of electric motors for hybrid vehicles is based northeast of Indianapolis, in Pendleton.
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Auto supplier set to accelerate with seat-control software

September 4, 2009
Chris O'Malley
A company founded by a Westfield chiropractor is in talks to license to automakers software that’s designed to produce a less-fatiguing ride. Comfort Motion Technologies also wants to make aftermarket versions of the software as add-on modules that could be used in most any car with a power seat.
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Two businesses open at Flagship Enterprise Center

August 29, 2009
 IBJ Staff
The Anderson-based Flagship Enterprise Center is on a roll. In the last two months, the small-business incubator and growth-stage accelerator signed up two new clients: software developers Soveryn Inc. and Coeus Technology.
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State gambling revenue expected to stay flat

August 24, 2009
Scott Olson
Indiana’s share of tax money generated by the state’s 13 casinos is expected to remain relatively flat for at least the next few years, a state fiscal analyst told Gaming Study Committee members this morning.
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Battered manufacturing towns hungry for food processorsRestricted Content

July 27, 2009
Kathleen McLaughlin
Economic development officials like the stability of the food business, though wages typically are mediocre.
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Legislature snubs casinos, but forms study committeeRestricted Content

July 6, 2009
Peter Schnitzler
Indiana's struggling gambling industry didn't get the relief it sought during the special session of the Indiana General Assembly. But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations, due by Dec. 1, may make or break several of Indiana's casinos.
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Anderson's abundant water supply makes city well-suited for Nestle, other food processorsRestricted Content

June 15, 2009
Kathleen McLaughlin
The city of Anderson soon will tap a new well to help accommodate demand from Nestle USA, which opened a Madison County plant in May 2008 producing bottled, flavored Nesquik and liquid Coffee-mate, a water-based creamer. The company already has launched an expansion slated for completion in 2011.
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Colts staying at Rose-Hulman for training camp

April 24, 2009
 IBJ Staff and Associated Press
The Indianapolis Colts are staying at Rose-Hulman Institute of Technology for training camp. The team has conducted its camp at the Terre Haute school since 1999.
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Law targeting controversial landfill only fuels fight

September 1, 2008
Chris O'Malley
Even for those with a vested interest in the battle over a proposed landfill near Anderson, it's hard to get too worked up over the latest twist before the courts or government agencies. After all, the Mallard Lake Landfill battle is in its 29th year.
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Two central Indiana racinos debut amid tough economyRestricted Content

June 2, 2008
Peter Schnitzler
The next few weeks will be critical for the state's two new racinos, which need to open with a splash to meet their ambitious projections of drawing more than 3 million visitors apiece annually. Hoosier Park in Anderson will open June 2, and Indiana Downs in Shelbyville will follow a week later.
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Racinos may push gambling's limitsRestricted Content

May 14, 2007
Peter Schnitzler
During their first half-decade in operation, the state's casino slots machines grew their total sales to $22 billion, according to Indiana Gaming Commission records. But in the last five years, slot sales grew just 18 percent, reaching $25.9 billion in 2006. That's what business textbooks call a maturing market.
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Off to slow start, French Lick fears threat from 'racinos'Restricted Content

February 26, 2007
Peter Schnitzler
French Lick Resorts & Casino is already struggling, less than four months after its launch. And the casino's owners are downright terrified legislators soon will allow both of the state's horse-racing tracks to become "racinos" and add up to 5,000 slot machines.
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Three-decade landfill battle rages onRestricted Content

January 22, 2007
Chris O'Malley
World War II could have been fought seven times over since Ralph Reed and sons first tried to build Mallard Lake Landfill outside of Anderson. The Reeds' dream of big cash from trash has upset hundreds of residents in subdivision-dotted fields since the family asked Madison County to rezone their 254-acre farm in the 1970s.
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