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Indianapolis Business Journal - March 20-26, 2017

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In This Issue

Front Page

Last year, 31 donors gave $267M in big gifts to Hoosier not-for-profits

Of the top five contributions from Indianapolis-area donors, four set records as the largest the organization had ever received from an individual.

Which local philanthropists made major donations in 2016 and where the money went

Which local philanthropists made major donations in 2016 and where the money went

Eli Lilly chasing psoriasis jackpot with Taltz

Taltz, which hit the market last year, is taking on an armful of older treatments, including creams, lotions, pills and injectables, such as Amgen’s Enbrel and AbbVie’s Humira.


Top Stories

Marsh poised for more closings, sued for nonpayment of rents

Struggling Marsh Supermarkets has stopped paying rent on six Indianapolis stores, a move that might suggest the struggling chain is preparing to close them to shore up finances.

David Simon: Sky-is-falling perception ‘ridiculous’

A Wall Street analyst said turnover among retailers actually creates opportunity for Simon Property Group—enabling it to replace underperforming department stores with an eclectic mix of restaurants, movie theaters and other entertainment venues that pay higher rent and boost customer traffic.

Advanced nurses in huge demand

In hospitals and clinics around Indiana, specialized nurses with advanced degrees and extensive training are booming in numbers.

Inspection firm grows with changing auto industry

Steve Cage started a quality-control business focused on the automotive industry near the peak of the Great Recession. In 2009, the company made $8 million in revenue. In 2016, revenue hit $122 million.

CIB ordered to give deposition in IRS-Simon lawsuit over Pacers deal

CIB attorneys had sought to block the IRS from deposing former presidents Pat Early, Bob Grand and Ann Lathrop in a legal dispute stemming from a 2009 deal that transferred full ownership of the Indiana Pacers to Herb Simon.

Big Car launches affordable home-ownership program for artists

Approved artists would co-own the renovated homes in the Garfield Park neighborhood and only pay half the cost of the property.


Focus

Natural intelligence: 27-year-old is rising star in artificial intelligence field

It’s tough to say where DemandJump would be without Tyler Foxworthy, the 27-year-old Hoosier who is chief architect of the firm’s artificial intelligence software. He’s the brains behind the algorithms.

Indy grows share of national tech jobs

The percentage of U.S. tech jobs based in Indianapolis grew between 2010 and 2015. It was one of only a dozen cities outside Silicon Valley where that happened.

Innovate Indiana Fund backs fraud-prevention firm

Chicago-based Rippleshot, co-founded by IU alumnus Yueyu Fu, raised a total of $2.6 million in a funding round in February.


A&E, etc.

LOU'S VIEWS: Marching to the movies with 'Beauty,' 'Kong,' more

A batch of interesting fantasy films have crept into the cineplexes in the often-shallow, post-Oscar/pre-Memorial Day period.

LOPRESTI: After managing football behemoths, Fox steps away

From a marriage proposal (his own) to big sports moments, Mike Fox recalls stadium magic.

DINING: New sister to Northside Social delivers … through the front door

Broad Ripple's The Nook manages nicely, even without its own kitchen.


Opinion

EDITORIAL: Park a good use for Crown Hill site

It’s time for the VA, which has acted responsibly and reasonably up to this point, to pull the plug on its plan to put columbariums on the northern edge of Crown Hill Cemetery and find a new site.

MORRIS: Spring brings positive energy

Even after a mild winter, spring is a season to enjoy...and spend.

MEREDITH: Bill would help kids experiencing trauma

Young children exposed to five or more significant adverse experiences—like physical abuse, crime, hunger and bullying—in the first three years of childhood face a 76 percent likelihood of having one or more delays in their language, emotional or brain development.

BURNS: Arts, humanities should remain a priority

We all need to advocate for museums as significant economic engines, stewards and trustees of important collections, community connectors and education providers. But museums do so much more.

GALLAGHER: Eliminating one-ways would benefit city

The idea of one-ways, particularly in cities like Indy, spawned from the “Get in, get out, get to the highway” mentality of post-World War II transportation thinking.

FEIGENBAUM: Surprise issue could still derail legislative session

Just because nothing has yet emerged as a candidate to create chaos for lawmakers in the 2017 session doesn’t mean things will stay sedate.

SKARBECK: Online brokers chop fees in quest to amass assets

A commission war has broken out among the online brokerage firms.

BOHANON & STYRING: Border adjustment may be only path to tax cut

A revenue-neutral corporate-tax-rate cut, instead of border adjustment, could be financed by eliminating tax loopholes or raising other taxes. But these tax offsets fall on Americans.

Airport needs to keep all moving walkways

Make efficiency priority in expanding bus fleet

Raise cigarette tax $1.50 per pack


In Brief

VA delays plan for Crown Hill amid growing opposition

The decision comes amid growing opposition to the 15-acre national cemetery project, which opponents say endangers old-growth forest on the northern border of Crown Hill.

Roche Group to cut 157 workers, including dozens locally

The Swiss-based company confirmed Wednesday morning the cuts are part of a U.S. restructuring that will result in eliminating 133 full-time workers and 24 contractors.

Well-regarded Herron High School seeks to strengthen ties with IPS

Joining the IPS innovation network would give Herron access to additional funding, but it would retain most of its independence. Herron's head of school said the move "will not impact students in any way."


Records

Records for March 20-26, 2017

Here are the records listings for March 20-26, 2017.

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