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Indianapolis Business Journal - May 18-24, 2018

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In This Issue

Front Page

Anthem's pharmacy-benefits-management unit off to bumpy start

Brian Griffin, the leader of Anthem's new PBM, IngenioRx, quit on May 8 with no warning to become CEO of Michigan-based Diplomat Pharmacy. Now Anthem is scrambling to adjust.

Mike Delph won primary despite opposition from business leaders, Republican elite

The incumbent state senator took nearly 58 percent of the vote in his contest with Corrie Meyer, a business owner and former executive director of the Carmel Redevelopment Commission.

New tax break may bolster neglected neighborhoods

Neglected neighborhoods in Indianapolis that have been targeted for development will soon have another way to attract investors.


Top Stories

Kroger's strategy leaves some Marsh sites in limbo

Since the grocer bought seven former Indianapolis-area Marsh stores last July, it has reopened only a three.

LISC facade grants aim to boost small businesses through beautification efforts

The program has awarded more than $3.1 million to Marion County businesses since 2004—which has leveraged more than $10.6 million in property owners' investment.

With Kite shares stuck in discount bin, dividend investors can hit jackpot

Kite Realty Group Trust now sports a whopping 8.5 percent annual dividend yield—by far the highest of any publicly traded firm in Indiana—a reflection of the cold shoulder investors are giving retail real estate companies as internet sales soar higher.

Q&A with Curt Vander Meer, Endangered Species Chocolate CEO

Curt Vander Meer traveled to Washington, D.C., in April to talk to Indiana lawmakers about supporting a “strong and fully funded” Endangered Species Act.

Indiana casinos want to offer sports betting but need state lawmakers' OK

The U.S. Supreme Court ruled Monday that states can legalize sports betting. Indiana lawmakers will likely study the issue before their 2019 session.

High-end auto shop buys north-side building for restoration, storage services

A car-care staple in Meridian-Kessler is expanding to the Keystone Avenue corridor to open up space for rejuvenating classic models and giving their owners a white-glove option for storage.


Focus

New studies show women less confident, less knowledgeable about money matters

Just more than half of married women leave long-term financial decisions, including those about investing, to their spouses, even though the wives often are handling the daily household budget.

Unemployment hits a low. Then comes the recession.

Huntington bests other large banks in satisfaction survey

Back-office costs not too high, not that low

Bank names market leader

Old National expands no-fee ATM access


Opinion

EDITORIAL: Indy must tackle growing gap between haves and have-nots

Census data shows that 35 of the 36 ZIP codes in Indianapolis had higher poverty rates in 2016 than they did 16 years earlier.

GREG MORRIS: Honoring a life cut short by needless gun violence

CJ Joseph was at the wrong place at the wrong time. His family keeps his memory alive by helping others.

SANTIAGO JARAMILLO: Why employee engagement matters more than satisfaction

People don’t leave a company because it doesn’t offer free snacks—and they don’t stay and give their best just because it does.

GARY PITTSFORD: Small business impact is not ‘snake oil’

The nation’s 28 million closely held businesses account for more than 50 percent of our national gross domestic product.

HUBER & RODRIGUEZ: IND helps Indy’s economy prepare for takeoff

As a passenger-friendly airport eagerly pursuing new routes, Indianapolis International helps our business community connect to the world and compete for the talent that’s building one of the nation’s fastest-growing tech sectors.

URBAN DESIGN: Congestion concerns shouldn’t drive Inner Loop fix

Expanded freeways typically don't solve the problem they are meant to address.

INVESTING: Stocks typically struggle during midterm election years

There is a “presidential cycle” for stocks, a pattern coinciding with various years of a presidency.

BOHANON & CUROTT: Currency failure kills hope—and people—in Venezuela

The collapse of the currency is staggering. The yearly inflation rate is now over 18,000 percent.

LETTER: Debate commission puts neutrality first

There is no way other TV stations would broadcast a debate in which a competitor would appear on their air as the moderator, even worse on a competitor’s set. And the commission wants each debate to reach as many Hoosiers as possible via many radio and TV stations and web streams.


In Brief

Pacers Bikeshare system plans $1.2M expansion, thanks to federal grant

The Indiana Pacers Bikeshare system plans to almost double the number of bicycles and stations across the city of Indianapolis next year.

Ambrosia-inspired restaurant, ice cream shop slated for Fountain Square landmark

One of the city's best-known Italian restaurateurs and a Fort Wayne-based purveyor of quirky frozen treats will be neighbors in the 90-year-old building that anchored Fountain Square's revival.

Family seeks to rezone 321 acres of farmland for massive residential, commercial development

A family that has owned land in Westfield since the mid-1800s has requested a rezoning for a multi-use development project that would almost rival Grand Park Sports Campus in size.

Martinsville's Rodric Bray to succeed David Long as leader of Indiana Senate

It took less than an hour for Republicans to elevate Bray from his position as Senate majority floor leader, although he won't be officially elected president pro tem until November.


Explore

Satisfy your appetite for outdoor dining at these curbside eateries

With temperatures (we hope) finally stabilizing, the covers have come off the patio tables and the chairs have been righted. Yes, outdoor dining season has begun.

MIKE LOPRESTI: Danville’s Tony Maners remembers ballgame that wouldn’t end

First-base umpire suffered through 32 frigid innings in professional baseball's longest game.

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