Indianapolis Business Journal - October 16-22, 2017


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In This Issue

Front Page

Huge retail project along I-65 in Whitestown would be ‘game-changer’

The project, which could include nearly 1 million square feet of higher-end retail, would be developed by locally based Gershman Partners.

Some national Democrats swoon over South Bend Mayor Pete Buttigieg

Buttigieg is balancing his duties as mayor of South Bend with his new role as fresh-faced spokesman for the progressive wing of the national Democratic Party

Top Stories

Launch Fishers grows beyond co-working space

What started as an idea to provide space for entrepreneurs to work and grow their businesses in Fishers has ballooned into a statewide brand.

Carmel firm’s acquisition doesn’t slow down its growth

Allegient, now known as the Digital Transformation Solutions division for DMI, is still growing—and that growth could actually accelerate.

Noble Roman’s new tack: a back-to-future strategy

If Noble Roman’s Craft Pizza & Pub takes off, the company might franchise dozens of restaurants across the state.

Welding supply company finds success in making, selling dry ice

Sutton-Garten Co. has found a way to change with the times while staying true to its roots.

Angie's List's east-side corporate campus listed for sale

The 17.5-acre campus on East Washington Street is made up of 41 parcels with 25 buildings, 1,000 parking spaces and 190,000 square feet of office space. Parent company ANGI Homeservices would like to sell it to a single buyer if possible.

IU announces $50M plan to tackle growing opioid epidemic

The university will hire 10 faculty members and team with the state and major health systems on what it calls a comprehensive plan to understand and deal with addictions, which are costing Indiana more than $1 billion a year.


Chase's Al Smith has spent nearly half-century atop Indiana banking

Smith returned to his hometown of Indianapolis in 1969, when he became an executive vice president of American Fletcher National Bank.

CFO of MainSource lands promotion following sale

Cincinnati-based First Financial Bancorp is making changes to its executive lineup as it prepares to acquire Greensburg-based MainSource Financial Group for $1 billion.

Chase stays atop ranking of biggest banks in Indy

As of June 30, New York-based Chase held $8.6 billion in deposits within Marion County, which represents a local market share of 30.1 percent.

OneAmerica keeps AA- rating

OneAmerica is among just 8 percent of U.S. life insurers with an S&P rating of AA- or higher and an A.M. Best rating of A+ or higher.

A&E, etc.

DINING: Passion for Portillo’s only partly earned at Fishers locale

The Chicago legend is sure to please loyalists. Newcomers may wonder what the fuss is all about.

LOU'S VIEWS: Paint misbehavin'

Indianapolis Museum of Art celebrates graffiti with touring show "City as Canvas"

LOPRESTI: A look inside central Indiana’s high school football dominance

With the IHSAA football tournament beginning Oct. 20, let’s jump in the car and drive past every large-school state champion since 2001. Don’t worry, we won’t be gone long.


EDITORIAL: Pension shortfalls taint Sun Capital

Some private equity firms are vultures, monetizing whatever value they find, then leaving the business itself in a trash heap in bankruptcy.

MORRIS: What I gained from losing weight

I’ve lost 50 pounds in the past eight months, the result of “mostly adhering” to The Fast Metabolism Diet, created by Beverly Hills nutritionist Haylie Pomroy.

CAINE & FIDDIAN-GREEN: Indiana must curb smoking among blacks

In Indiana, blacks still smoke at slightly higher rates than whites—and significantly higher rates than Hispanics—and are disproportionately affected by diseases linked to tobacco, including cancer, diabetes and heart disease, as well as infant mortality.

BANKS: Indiana positioned for defense boost

The state’s robust system of military installations, universities, industry partners and the nation’s fourth-largest National Guard collaborate on sophisticated projects and form what I call our “Hoosier Arsenal of Democracy.”

URBAN DESIGN: Real town squares offer value that’s not contrived

Shopping malls, luxury retailers are no substitute for the real thing.

BOHANON & STYRING: Tax fairness begins with government honesty

Congress has “pivoted” from health care to taxes. This means we’re doomed to much high-sounding rhetoric about “fairness.”

SKARBECK: Obsession with short term is hurting our economy

Large investors and academics believe companies are not investing enough into their businesses, partly because of pressure on management to hit quarterly numbers.

LETTER: Simplify the tax code

Itemized deductions create discrimination among taxpayers and complicates the system.

LETTER: Reusing Angie’s campus

I envision this campus serving as a hub for a collection of tech startups or an incubator, where the operations all share the common amenities.

In Brief

FedEx plans to build $259M distribution center in Greenwood

Executives of the Fortune 100 company presented plans Tuesday to the Greenwood Redevelopment Commission, which recommended it receive incentives to build the 608,000-square-foot facility.

Neighborhood effort Lift Indy launches with $4.5M investment

The Monon16 area on the near-north side is the first to be selected as part of Lift Indy, designed to deliver concentrated doses of federal community development funds.

High-end Cake Bake Shop has Carmel location in oven

Owner Gwendolyn Rogers says she’s been considering expansion for a while, with her Broad Ripple bakery regularly filled to capacity.

Carmel cloud-computing firm plans to add 50 workers

CleanSlate Technology Group, a reseller of IBM products that also provides consulting services, said it will invest more than $1 million to expand its headquarters to accommodate the additional workers.

Email leads to $2.6M VC deal for local email-software firm

Indianapolis-based 250ok had shunned venture-capital suitors for years—until a North Dakota-based venture capital firm emailed it with the right message.


Records for Oct. 16-22, 2017

Here are the records listings for Oct. 16-22, 2017.

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