City meets deadline to get federal money for housing projects
The $29 million will be used to acquire and demolish or rehabilitate foreclosed and abandoned homes.
IBJ Staff
Articles
Four Hoosiers among richest Americans; Irsay ascends
Indianapolis Colts owner Jim Irsay is moving up the ranks of the richest Americans a year after making his way onto the Forbes 400 list of the nation’s wealthiest people.
Schlage acquires Fusion door-hardware division
Schlage’s purchase of the Georgia-based company’s division gives it immediate access to the decorative door hardware and lock market, the company said.
Indiana’s unemployment rate remains flat
The state’s jobless rate in August remained unchanged from the previous month’s figure of 10.2 percent. The loss of seasonal government and manufacturing jobs offset the addition of 3,000 private-sector jobs.
Angie’s List snags $22.5 million investment
The Indianapolis-based consumer review and rating service said it will use the investment to expand its health and wellness consumer review product, as well as its coupon program, “The Big Deal.”
Harding Dahm drops Grubb & Ellis, strikes merger deal
Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages, will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.
Indianapolis lands large environmental trade show
The Pump & Cleaner Environmental Expo will be held in Indianapolis each year in February from 2012 to 2014. It is expected to attract more than 12,000 visitors annually and generate an estimated $24 million in spending over the three-year stretch.
Republic Airways CEO going ‘Undercover’
Bryan Bedford, CEO, president and chairman of Indianapolis-based Republic Airways, will appear in an episode of “Undercover Boss” this season, CBS-TV announced.
Indianapolis Power & Light launches demand-side management program for business
Among other incentives, the program offers savings to firms that turn over to the utility operation of air conditioning units during times of peak energy demand.
Lacy company takes stake in Oregon logistics firm
LDI Ltd. has acquired a majority position in Portland-based Oregon International Air Freight Co.
Indiana Supreme Court won’t hear Lee’s Inns dispute
A long-running legal battle among members of the Lee family of North Vernon over the valuation of their hotel chain has come to an end.
Indiana universities make list of world’s top 200
Notre Dame, Purdue and Indiana all ranked on the list, which was dominated by American universities.
Eiteljorg Museum’s Western art show generates more than $1M in sales
The sale is the only one of its kind east of the Mississippi River.
PROXY CORNER: Calumet Specialty Products Partners LP
Indianapolis-based Calumet Specialty Products Partners LP processes crude oil into customized lubricating oils, solvents and waxes, as well as into gasoline, diesel and jet fuel.
EDITORIAL: City’s parking plan needs work
Mayor Greg Ballard strikes us as someone who puts pragmatism over politics. That’s why we’re hopeful he’ll reconsider details of the controversial plan to turn over the city’s metered parking to a private vendor.
Tech companies adding 314 jobs in Zionsville
Two tech companies located in Northwest Technology Center in Zionsville plan to invest $3.6 million and add 314 jobs over the next four years, officials announced Wednesday morning.
Filmmaker Low planning Indy 500 movie for IMAX 3D
The award-winning filmmaker behind such giant-screen gems as “The Ultimate Wave” and “Super Speedway” is developing an IMAX 3D movie focused on the Indianapolis 500-Mile Race and the evolution of motorsports.
Library slashes hours, to close main branch on Thursdays
A big reduction in hours is expected to save the Indianapolis-Marion County Public Library about $1.5 million next year, as it grapples with a $4 million revenue shortfall.