City approves Beckman Coulter tax abatement
The tax abatement is tied to an expansion in which the company plans to invest $18 million in its Indianapolis operations and add as many as 95 jobs in the next three years.
IBJ Staff
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Foundation campaign raises $201M for Riley Hospital
Riley Children’s Foundation raised $201 million through its “Hope Happens Here” fundraising campaign, the Indianapolis-based not-for-profit announced Wednesday. The money will be used to support Riley Hospital for Children.
Some IUPUI adjunct instructors to receive 3-percent raises
A coalition representing part-time educators within IUPUI’s School of Liberal Arts called for a pay hike after full-time faculty received a similar raise.
Automotive supplier plans 200 new jobs at Butler plant
Multimatic Inc. plans to expand its northeast Indiana production operation, adding new assembly lines as it aims to create over 200 jobs by 2013—more than tripling employment there.
City-County Council OKs parking privatization
City-County Council members voted 15-14 Monday night to clear the way for Indianapolis to lease its parking meters to a private firm, a move proponents say will upgrade the system even as it generates revenue for infrastructure improvements.
KAR plans to add 249 jobs in Carmel expansion
KAR Auction Services Inc. announced Monday night that it plans to expand its Carmel headquarters, creating up to 249 jobs by 2015.
Rolls-Royce eyeing former Lilly campus downtown
If the manufacturer and drugmaker can come to an agreement, Rolls-Royce would lease the space formerly occupied by Eli Lilly and Co. and relocate some of its 2,500 employees to the downtown campus on South Meridian Street. Discussions are expected to last several months.
Twitter tool winner of Startup Weekend event
The winner, StatsSquared, now will compete against other winners from cities worldwide in an online contest for the overall top prize.
Americold investing $30M to expand operations
The Atlanta-based company plans to break ground this month on a 100,000-square-foot expansion of its southeast-side cold storage facility. The expansion should be finished in November 2011.
Republic Airways prices stock offering
The Indianapolis-based company said it plans to raise $88.5 million by pricing 12 million shares of its common stock at $7.80 each in a public offering.
EDITORIAL: Legislators should let public decide on transit plan
A more robust public transportation system might be just what the region needs to connect people with jobs, spark development near transit stops, elevate the city’s stature, and reduce the need to regularly pour millions into widening our roads. Or it might be a big, unnecessary waste of money.
Purdue website calculates asteroid damage
The site is “scientifically accurate enough” to be used by the Department of Homeland Security and NASA, but friendly enough for elementary school students.
ChaCha approaches web-traffic milestone
Traffic to the site hit a record high of 18.5 million unique visitors in October, making it the fastest-growing in Quantcast’s top 100 websites.
Barnes & Thornburg maintains top-100 ranking
The firm ranked 85th in The National Law Journal’s annual listing of the nation’s 250 largest firms, up two spots from its previous position.
Indianapolis named among recession-proof cities
Newsweek magazine listed the city among 10 it says are best situated for economic recovery.
PROXY CORNER: Bell Industries Inc.
Bell Industries Inc., 8888 Keystone Crossing, Suite 1700 (www.BellInd.com), is a holding company for Bell Techlogix and the Recreational Products Group.
Angie’s List attracts $2.5M infusion
The investment is from a San Francisco-based firm and follows a $22.5 million investment the company received in October from multiple investors.
Noble Roman’s reports loss
Costs related to discontinued operations prompted the loss for Noble Roman’s, which is shelving its traditional store model in favor of offering its products in convenience and grocery stores.