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Indianapolis Business Journal - January 5-11, 2018

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In This Issue

Front Page

City eyes another big hotel downtown

City and hospitality officials have started laying the groundwork to accommodate demand for rooms booked for conventions and other big events by Visit Indy.

Notre Dame nabs 6 of state's 10 largest not-for-profit gifts in 2017

The university's $205 million in big gifts was about two-thirds of the $302.9 million in gifts of $1 million or more given by individuals to Indiana not-for-profits in 2017.


Top Stories

Centerfield raises $310M, includes 2 local companies among investments

The local recipients are produce distributor IF&P Foods, parent of Indianapolis Fruit and Piazza Produce; and Wild Sports, which makes sports-themed tailgating games and accessories.

East 16th Street revival hits high gear

In the last three years or so, development along a roughly 20-block section of East 16th Street stretching from Pennsylvania Street east past the Monon Trail has exploded.

Firm that repairs ultrasound probes grows quickly

Fast-growing Fishers-based Probo Medical serves a niche within a niche: It repairs and refurbishes ultrasound equipment—more specifically, the probes for ultrasound systems.

Return of medical-device tax dismays firms across state

The medical-device industry will see a resumption of the 2.3 percent federal excise tax beginning this month, following a two-year moratorium that expired Dec. 31.

Two ex-nursing home execs to plead guilty in kickback scheme

Former American Senior Communities CEO James Burkhart and former Chief Operating Officer Daniel Benson have agreed to plea deals in a kickback scheme involving millions of dollars.

'Smiley Show' sidekick launching improv comedy club

Will Pfaffenberger's passion project, featuring shows made up on the spot, is slated to debut in February.

Tech vets Godfrey, Hill jump into operations at Lumavate

Local tech industry entrepreneurs and investors Bill Godfrey and Mark Hill expect their day-to-day involvement to take the Carmel-based software-as-service firm to the next level.


A&E, etc.

DINING: Patachou’s latest takes wing

Crispy Bird packing them in for fried chicken in 'Hooverdale.'

LOPRESTI: Acceptable interview answers for next Colts head coach

For those who want to take on the Colts turnaround job, some things are better left unsaid.

LOU'S VIEWS: The short and the short of Kurt Vonnegut

New anthology collects all his short fiction, offers insights into Indy’s leading literary light


Opinion

EDITORIAL: Workforce issues top IBJ’s agenda for Legislature

Eliminating the smokers' bill of rights, fixing the state's sexual harassment law, and Sunday alcohol sales also made our list of important legislation.

FELTMAN: More good Trump in 2018, please

Here’s to a less riddled, mysterious and enigmatic 2018.

KENNEDY: 2017—Goodbye and good riddance

I’m very happy to bid farewell to a depressing year in which I’ve watched America being dismantled to benefit the president and his cronies.

MUSGRAVE: Buyers in for the long haul care about firm culture

Sure, you can have a profitable company with a toxic culture, but for how long?

FEIGENBAUM: New faces will tackle familiar Statehouse issues

In the long run, no changes will be more important than the Senate fiscal posts.

SKARBECK: Rebalancing portfolio not always best option

In the current market environment, the enterprising investor would say year-end auto rebalancers are making the mistake of selling highly valued stocks, only to buy even more overpriced bonds.

BOHANON & CUROTT: Cut in marginal tax rate should spur growth

What we like best about the new federal tax law is that it reduces marginal tax rates for almost all taxpayers, both individual and corporate.

LETTER: McGinnis deserves praise

However, it is the right and duty of citizens of our country to respectfully protest injustices.

LETTER: Kudos on gun column

We need to listen to those with whom we disagree and try to form a common ground.


In Brief

Republicans pick two for top Indiana Senate positions

Republicans who control the Indiana Senate have elevated two lawmakers to top leadership posts that were recently vacated by retiring Sen. Brandt Hershman.

Menards founder's ex-fiancee doesn't deserve ownership, court rules

In a case that once ensnared two prominent Indianapolis-area businessmen, the Wisconsin Supreme Court says the founder of the Menards building supply stores doesn't owe his former fiancee an ownership interest in the company.

Rodizio Grill hoping to reopen locally after Carmel closure

Rodizio Grill, a Utah-based Brazilian steakhouse chain that recently closed its Carmel location, is hoping to reopen the restaurant in the future under a new franchisee, the company told IBJ this week.

Dry cleaner with unusual pricing model coming to Indy

A franchisee has agreed to open five locations in the metropolitan area, with the first expected to begin operating in August, in the former Fox & Hound space on the city's northeast side.


Records

Records for Jan. 5-11, 2018

Here are the records listings for Jan. 5-11, 2018.

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