Local trade show producer acquires two Cincinnati events
Local trade show producer Renfro Productions & Management Inc. has expanded its reach into Ohio by acquiring two longtime outdoor-sports trade shows in Cincinnati.
IBJ Staff
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Honda spending $4.2M, adding 34 jobs to produce hybrid CR-V in Greensburg
The CR-V Hybrid will be introduced in early 2020 and will be the company’s first electrified sport-utility vehicle in the United States. It is part of Honda’s larger plan to apply its two-motor, hybrid-electric system to all of its core U.S. models in the coming years.
Medical consulting startup opens downtown office, plans 21 jobs
The company, founded last year, offers legal medical consulting and medical product consulting to law firms, life sciences companies, and health and wellness businesses.
Water-management software firm 120WaterAudit lands $7M in funding
Zionsville-based 120WaterAudit plans to use the funds to improve its digital water-program-management platform and expand sales and marketing.
USA Diving moving HQ from Indianapolis to Colorado Springs
USA Diving has been losing money in recent years. The U.S. Olympic & Paralympic Committee in February threatened to decertify the organization if it did not make changes.
Colts roll out new concessions menu for 2019 home season
Indianapolis Colts hospitality vendor Centerplate announced Thursday that it has added several food items that aren’t typically found at sporting events, plus some that feel right at home. It also revised the beverage menu with new beer offerings.
Motorcycle racing returning to Indianapolis Motor Speedway after a five-year absence
The last time motorcycles competed at IMS was in August 2015, when the Red Bull Indianapolis Grand Prix ended an eight-year run at the track’s road course.
Call-center operator to open Midwest hub, hire 350 in Fishers
Sitel Group, one of the world’s largest call-center management companies, said it plans to spend $4 million to open a Midwest customer service hub in Fishers.
Lilly Endowment pledges $40M for Purdue technology, engineering complex
The Engineering and Polytechnic Gateway Complex is expected to include a component that connects Indiana employers with faculty researchers and students who could serve as future interns or employees.
Brickyard 400 sees improved attendance
Advance sales for the race at Indianapolis Motor Speedway topped 50,000 tickets, but walk-up business was limited by a threat of rain on Sunday.
Circle Centre files suit against Granite City over lease default
According to the suit, Granite City failed to pay monthly rent and meet other obligations under terms of the lease for the 9,603-square-foot ground-floor space it occupied in Circle Centre until late last month.
Former area attorney sentenced to 30 months in prison for tax evasion
Judge Jane Magnus-Stinson said the former attorney and tax preparer “has a complete lack of respect for the law, for the tax code, his fellow citizens and for the court.”
Colts rank 20th in value among NFL teams, Forbes says
The Dallas Cowboys were ranked as the NFL’s most valuable franchise for the 13th straight year, with a worth of $5.5 billion, up 10 percent over the past year.
Republic Airways expanding training academy to include maintenance technicians
Officials for Indianapolis-based Republic said the registered program will be the only one of its kind in Indiana and one of only eight in the United States.
Former longtime Indianapolis Bond Bank employee sentenced to prison for theft
Jacqueline Fitzgerald, who was terminated in June 2017 after 17 years at the bond bank, admitted to stealing funds by claiming inappropriate benefit leave payouts.
Judge rules Carmel noise ordinance unconstitutional, sides with two Lucas employees
The lawsuit is part of an ongoing battle Carmel is having with Forrest and Charlotte Lucas, who have hosted parties and charitable events regularly since 2011 at their massive estate at 1143 W. 116th St.
Former Indianapolis payroll exec pleads guilty in $9.4M fraud scheme
David Downey, 50, faces a possible prison sentence of up to six years, plus fines of up to $750,000.
Residential Real Estate: Marketplace Stats for August 30, 2019
Housing inventory remains low at just 1.6 months, meaning that’s how long it would take to sell the region’s available housing. That’s down 5% from a year ago, when inventory was already tight.
All-Star Real Estate Agents: The Indy area’s top teams and solo sellers
Three veteran real estate agent teams solidified their lock on the top three places in IBJ’s All-Star team rankings for the fourth straight year, with Dennis Nottingham’s Indy Home Pros Team taking the No. 1 spot. Jennil Salazar of RE/MAX Ability Plus is the new top IBJ All-Star solo agent.
Indy manufacturer with 137 local workers closing after 86 years in business
Mitchel & Scott Machine Co. told the state this week that it will be closing operations and terminating all employees on Oct. 25.