Hoosier manufacturers say they’ve been prepping for recession
Companies banged up during the Great Recession a decade ago have been preparing for the next slowdown by keeping workforces lean, adding technology and avoiding excessive debt.
Susan Orr
Articles
Indianapolis airport to expand parking garage by 1,500 spaces
The Indianapolis International Airport plans to add 1,500 spaces to its parking garage, but only some of those spots will be designated for visitors who drive their own vehicles to the airport.
Spenga fitness chain entering Indianapolis market
The Chicago-based chain is the latest in a rush of similar announcements. Also this week: Beauty Brands, Normal Coffee, Got Sole? Boutique and more.
Celadon hires consultant to lead turnaround efforts
Richard Stocking, who until recently served as CEO of trucking giant Swift Transportation, will lead Celadon’s troubled trucking services unit as chief transformation officer.
Allegiant adding two new nonstop routes from Indianapolis
With the addition of the new year-round routes, Allegiant will offer service from Indianapolis to 15 cities in the South and Southwest.
Wei Ramen restaurant preparing to open downtown
Upstairs from Wei Ramen, and under the same ownership, Indy Cyber Cafe plans to offer coffee, desserts and a pay-for-use business center.
Gomez BBQ branching out from City Market
The homegrown venture will open its first stand-alone restaurant on East 10th Street. Also this week: Peloton, Culver’s, Lululemon and more.
Women’s retailer Charlotte Russe to reopen in Castleton Square
The company shut down all five of its Indianapolis-area stores earlier this year after filing for bankruptcy, but the brand has a new owner that is reopening stores in some locations.
Kite Realty Group sells off 14 properties for $415 million
The divestitures are part of what the company calls Project Focus, a previously-announced project to sell off non-core assets and pay down debt.
Developers, investors race to capitalize on ‘opportunity zones’ tax break
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
Jonathan Brooks’ Beholder restaurant has had a tough year
Business has been slow to build at Beholder, which isn’t yet consistently profitable and has had to cut staffing to the bone.
Long-time ‘haunted house’ relocates to new permanent digs
Nightmare on Edgewood, which had operated its haunted attraction at the Edgewood Athletic Association for decades, recently moved and will use its new space to lure customers throughout the year.
Broad Ripple restaurant The Vanguard closes, but plans comeback
Owner Bill Ficca said he plans to reopen the restaurant at 6319 Guilford Ave. after Labor Day with a new concept.
Indianapolis woman gets prison time for identity theft, tax fraud
After executing a search warrant at the woman’s home, investigators for the IRS found 100 debit cards in more than 80 different names.
Cummins falls short of quarterly sales, profit forecasts
Shares of the Columbus-based engine maker dropped in early trading after second quarter results missed analyst expectations, even though sales and profit were up over a year ago.
Broad Ripple site of Thr3e Wise Men up for auction
The assets of Thr3e Wise Men’s now-closed Broad Ripple location will be auctioned off next month. Also this week: Kopetsky Auto Wash, Hendricks County Bank and Trust, Chuy’s, Ross Dress for Less, more.
Popular southern Indiana pizza chain to open first Indianapolis location
Evansville-based Azzip Pizza, which has eight restaurants in Indiana and Kentucky, has a site locked up for its first Indianapolis location. The company said it could open several more restaurants in the area in future years.
New owners of Tibbs Drive-In predict bright future
The new owners, who recently acquired the 24-acre property, say they’ve already made some improvements to the four-screen outdoor theater, which has been in operation on the west side of Indianapolis since 1967.
Owner of former Scotty’s Brewhouse location sued over closure
A Pots & Pans Production LLC, which provides management services for all of Scotty’s Holdings LLC’s restaurant locations, filed suit this week against Johnson Hospitality Group LLC.
Royal Pin bowling center scores big with push into group events, other games
The company spent $4.2 million to upgrade its north-side facility, adding non-bowling attractions, then worked to host corporate fundraisers, company parties and team-building retreats.