Indianapolis Economic Development Inc., the group responsible for promoting the growth of Marion County businesses and brokering incentives for new job creation, yesterday reported a 33-percent increase in its results for the first quarter of 2009 compared to the same period a year ago. Despite the recession, IEDI said it participated in 16 projects, resulting […]
Indianapolis Economic Development Inc., the group responsible for promoting the growth of Marion County businesses and brokering incentives for new job creation, yesterday reported a 33-percent increase in its results for the first quarter of 2009 compared to the same period a year ago. Despite the recession, IEDI said it participated in 16 projects, resulting […]
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
Harlan Bakeries recently filed a lawsuit against equipment vendor Doboy Inc., saying it provided faulty equipment to package Harlan’s cream-cheese-filled bagels.
Thousands of Bagel-fuls roll off Harlan Bakeries LLC’s production lines these days as the Avon company races to keep up with demand for the cream-cheese-filled bagels. The frozen product shaped like a corn dog has been a big hit for Harlan and its partner, Kraft Foods Inc., since the packaged-food behemoth launched it a year […]
In just one year, Indianapolis’ unemployment rate has risen from 4.5 percent to 8.2 percent. But don’t expect local economic development officials to complain too much. Not when 74 of Indiana’s 92 counties have higher unemployment rates than Marion County’s. “When I took this job 15 months ago and the Dow [Jones industrial average] was […]
Undaunted, some entrepreneurs still count on franchises, despite the shaky economy.
Hoosiers’ long ride on the gambling gravy train finally may be coming to an end.
About two dozen franchises based in Indiana are not immune to difficulties during the recession.
Hoosiers’ long ride on the gambling gravy train finally may be coming to an end. Casinos have swelled into a $2.7 billion industry here – one that paid $838 million in state and local taxes last year and ranked as the third-largest revenue source in the Indiana budget. That tax take has risen 126 percent […]
Crime is not random, according to public safety experts, and bank security strategies focus primarily on deterrence.
Banks prefer not to talk about it. But during the last three years, 97 Marion County branches have been robbed. That’s more than one in three. And a few unlucky institutions have been robbed repeatedly. “One of the things we know, if you think about crime in general, it’s not random,” said Terry Baumer, director […]
Marsh Supermarkets Inc.’s attempt to switch to a cheaper supplier of prescription drugs has touched off a legal battle with
the current supplier — which suggests it could fine the grocery chain as much as $61 million for reneging on its deal.
Marsh Supermarkets Inc.’s attempt to switch to a cheaper supplier of prescription drugs has touched off a legal battle with the current supplier-which suggests it could fine the grocery chain as much as $61 million for reneging on its deal. At issue is a five-year vendor agreement that former CEO Don Marsh signed in 2005 […]
Several venture capitalists — a generation younger than most in the profession — are establishing themselves in Indianapolis.
If angel investors have any hair left, it’s usually gray from a lifetime spent in entrepreneurship. That’s what makes Gravity Ventures LLC unusual. The 15 professionals who recently formed the $1 million fund are all in their 30s. “The folks in our group are still in the ‘doing’ part of their careers, so that brings […]
PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger between PNC
Financial Services Group Inc. and National City Corp., as well as the recession and PNC’s strategy.
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive
director and board.
Pittsburgh-based PNC Financial Services Group Inc. acquired struggling National City Corp. on Dec. 31 for $5.6 billion. Before their merger, PNC had no presence here, while Cleveland-based National City had 172 Indiana branches, including 75 in the Indianapolis area. PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger, the recession […]
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive director and board. And they’ll need only one tourniquet to stem their bleeding. Over the last 15 months, the Public Employees’ Retirement Fund and Indiana State Teachers’ Retirement Fund have hemorrhaged a combined $8 billion. […]
