Indianapolis Business Journal - October 23-29, 2017


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In This Issue

Front Page

Celadon stops HQ construction, refocuses on core trucking business

The trucking giant is canceling its $28 million Mount Comfort headquarters, selling its flatbed unit, and outsourcing its driver schools, to refocus on core business as the industry is expected to boom.

Rise in poverty in Indy nearly outpaces growth in population over 15 years

A Sagamore Institute study discovered that the portion of Indianapolis residents living in poverty increased from 11.8 percent in 2000 to 21.3 percent in 2015—an increase of 85,063 people.

Guaranty Building magnet for tech firms

Salesforce has left for its namesake tower across the Circle as part of a big downtown expansion, but the nearly emptied Guaranty is making a quick comeback and attracting prized tenants.

Top Stories

Inconsistent municipal, ZIP code boundaries cause confusion

The mismatched identities causes problems, especially for businesses, because ZIP codes determine the city used in an address.

IU Health faces Bloomington antitrust suit over ambulance service

In a federal lawsuit that could have ramifications for many Indiana counties, Monroe Hospital claims IU Health is taking unfair advantage of the Monroe County market.

Local Indy Fuel owners say all signs point up heading into fourth season

With an improved team and a better schedule—including more Saturday night games (14) than ever—Indy Fuel officials think this could be a watershed season for the minor-league professional hockey team.

Apartment developer Milhaus lands $245M in equity investments

Milhaus said the capital infusion will help fuel its plan to build thousands of units over the next few years while retaining most of its existing portfolio.

Indy region submits bid to land Amazon's proposed second headquarters

An Indy Chamber spokesman said Wednesday morning that the bid “has been sent as of last night to arrive ahead of the Oct. 19 deadline.”

UIndy building spree continues with $20M dormitory project

As enrollment swells, the south-side university is working with a local developer to construct two four-story buildings with capacity for 300 students.


Device maker SonarMed ponders whether to go solo or find a partner

The Carmel-based company makes a device that uses sound waves to help position and monitor breathing tubes for newborns in hospitals.

IU Health gets new imaging machine

The machine, manufactured by Germany-based Siemens, will be used at IU Health’s Neuroscience Center at 16th Street and Capitol Avenue, primarily for oncology and neuroscience patients.

Anthem to build 21-story tech center in Atlanta

Construction is set to begin in January and the building should be complete in two years.

Caine wins Watanabe award

IU med school wins $7.6M grant to study Alzheimer’s disease

The study will focus on early-onset Alzheimer's disease, which are about 5 percent of patients.

A&E, etc.

LOPRESTI: Indiana Wesleyan creating football team from scratch

School in Marion lures coach and 60 players to prepare for inaugural kick-off in 2018.

DINING: At Gomez BBQ, it’s what’s below the sauce that counts

City Market now houses Michael Gomez's slow-cooked creations.

LOU'S VIEWS: Poison show at the State Museum intoxicates with facts

Sometimes, the most interesting museum shows are ones involving subjects you might not have thought much about.


EDITORIAL: Firms must address abuse

It’s long past time that executives in every company across the country take the issue of sexual harassment seriously.

JARAMILLO: Unlock the power of a people strategy

Strategy is not about what we say yes to, but about what we say no to. The key question then becomes: How do we know what to focus on with our culture and employee-engagement efforts?

BOSMA: Tax reformers should look to Indiana

In the early 2000s, Indiana was at the bottom of almost every economic outlook index. Partnering with three successive governors—Mitch Daniels, Mike Pence and current-Gov. Eric Holcomb—legislative leaders worked across the aisle to enact sweeping reforms.

GUY: A peek behind the gates

Unseen fear, thoughtless policy, dominates.

KIM: Nobel winner: We’re more Homer than Mr. Spock

Humans act on biases in irrational and predictable ways, often leading to poor decisions.

BOHANON & STYRING: Nanny state taxes often fail their objectives

They neither reshape consumer behavior to the desired ends nor provide a stable revenue source for local governments.

LETTER: Protest column off target

The NFL and its players should not forget those tireless citizens who are still able to look at life through a color-blind prism and save lives on a monumental scale every day without a protest.

LETTER: Launch has sparked growth

Launch Fishers has achieved national acclaim because of the investment, resourcefulness and perseverance provided by John Wechsler, Mayor Fadness and the city.

In Brief

Holcomb headed on trade mission to India

Among the items on the governor's agenda is a meeting with executives of Infosys, which plans to open offices in Indianapolis projected to create thousands of jobs.

Indiana Fiscal Policy Institute leader steps down after 8 years

John Ketzenberger, a longtime local journalist who has been credited for stabilizing the institute's finances, is mum so far on his plans after leaving the post.

Sinclair might sell up to $1B in TV stations to complete Tribune deal

Sinclair Broadcast Group Inc. received bids for as many as 10 television stations as it takes steps to win approval of its proposed merger with Tribune Media Co., people familiar with the matter said. Tribune Media owns two local stations.

Anthem breaks with Express Scripts, to start own drug plan with CVS

Indianapolis-based insurer Anthem Inc. said it will set up its own pharmacy benefits management unit, signaling a final break with Express Scripts Holding Co. after the health insurer accused Express of overcharging it by billions of dollars.

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