Indianapolis Business Journal - July 20-26, 2018
In This Issue
Vendor’s honesty helped unravel $19M American Senior Communities fraud
The case might never have come to light were it not for a nearly century-old Indianapolis company that had a chance to participate in the overbilling and kickback scheme but called the FBI instead.
Mayor Hogsett not ready to announce whether he'll seek re-election
Hogsett said he knows he must decide soon whether to run for re-election in the 2019 municipal elections, where the mayor and all 25 City-County Council seats are up for a vote.
One of city’s largest ad firms installs new leadership
Forty years after starting an ad agency bearing his name, Tom Hirons is letting go of the steering wheel.
Fishers seeks input on plans for Geist park, beach
More than a year after Mayor Scott Fadness announced plans to build a 70-acre waterfront park at the far-east end of the reservoir, the city can now move forward.
St. Vincent to integrate parent Ascension’s name into branding
St. Vincent, one of the oldest and most familiar names in Indiana’s hospital landscape, is about to undergo the most sweeping rebranding in its history.
Q&A: Dr. Seung Park translates books, medical lingo
Indiana University Health's chief health information officer has a passion for languages.
High Alpha secures more than $100 million for two new funds
Indianapolis-based "venture studio" High Alpha on Monday announced plans to take operations to the next level by adding two funds worth more than $100 million and two new investors with national reputations.
Council OKs new fees, regulations for scooter-rental companies
The regulations, passed 19-6 by the council, pave the way for Lime and Bird to return scooters to Indianapolis after they receive permits and agree to new conditions and fees.
Subaru seeing big demand for new super-sized SUV model
The Indiana-made sport-utility vehicle—which has 19 cupholders—has proven to be Subaru's biggest product launch in more than two decades.
Indianapolis chosen to host NCAA Final Four in 2026
The event, scheduled for April 4 and April 6, 2026, at Lucas Oil Stadium, will be the ninth time the city hosts the men's basketball championship tournament.
Five-decade-old recreation complex to be auctioned in wake of bankruptcy
The 16.9-acre East Side Dolphin Club property and its assets are scheduled for liquidation at an Aug. 4 auction, Indianapolis-based Key Auctioneers announced Monday.
Indiana IoT Lab in Fishers helps small tech firms think big
The new tech venue in Fishers gives companies that specialize in connecting devices to the internet the access they need to hardware, talent and capital.
Matthew Neff: Why does even a small, private company need a board?
A good board serves multiple valuable functions. If nothing else, regular meetings require company management to articulate where the company is (performance) and where it is going (strategy).
EDITORIAL: The country needs Dan Coats in Trump's administration
As a member of the administration, National Intelligence Director Dan Coats took the most personal risk by standing up to Donald Trump, when he appeared to side with Russian President Vladimir Putin over the U.S. intelligence community.
NATE FELTMAN: The ticking time bomb
Republicans have gone mysteriously silent on the dangers of deficit spending.
Mark Howell: Technological changes are testing state's top industries
Despite the concerns many have that these new technologies will cost us jobs, Indiana companies are becoming more competitive with these technologies and need hard-working Hoosiers to succeed.
Melissa St. John: Reduce, reuse, recycle applies to office furniture, too
Repurposing items just makes good financial sense. It saves the recipient organization money and helps save the environment.
Charlotte Westerhaus-Renfrow: Inclusion—the secret sauce for driving innovation at work
For businesses to succeed and trust their employees to make sound decisions in the best interest of the company, leaders must take the time to create—and most importantly, visibly lead—a work culture where diverse points of views are welcomed and valued.
URBAN DESIGN: Who owns the streets? All of us, even scooter riders
Over-regulation is a threat to the complexity—and beauty—of urban living.
KIM: ‘Action bias’ harmful to soccer goalkeepers and investors
Not only are humans highly emotional and lacking in self-control, they are influenced by all sorts of biases and supposedly irrelevant factors.
BOHANON & STYRING: Today’s rising gas prices unlikely to stall economy
Gas prices are rising primarily due to the strengthening global economy. The United States is in the midst of a 10-year economic expansion, and the unemployment rate is the lowest since 1970.
Letter: Curtis Hill deserves fair hearing
No one knows, save Mr. Hill and his accusers, whether he is guilty or innocent, but the protesters, the governor, and four key lawmakers have already implicated his guilt based solely on the accusations.
Letter: Multiple accusers don’t equal guilt
What kind of society are you fostering by allowing accusers to be prosecutors, judges and juries, without commentary?
CNO Financial extends sponsorship deal with Monumental Marathon
CNO initially signed a three-year deal in 2016 to become the title sponsor of the annual race organized by local not-for-profit Beyond Monumental.
Symphony quietly renews contract with conductor Urbanski
The Indianapolis Symphony Orchestra confirmed Tuesday morning that Krzysztof Urbanski’s contract has been extended. The new deal with the 35-year-old conductor is shorter than the typical music director contract, according to an orchestra consultant.
City-County Council votes to curb parking-meter-bagging program
The program resulted in a private developer and state lawmakers avoiding hundreds of thousands of dollars in parking fees by receiving free spaces at bagged meters.
Indianapolis resident wins World Series of Poker title, claims massive prize
John Cynn, 33, said after the victory that he felt "pretty overwhelmed" and that the prize money would be "life-changing."
The long and short of short-film fest's debut
The Heartland Film Festival launches the first Indy Shorts International Film Festival July 26-29 at the Indianapolis Museum of Art at Newfields.
MIKE LOPRESTI: Indians’ new manager has them in pennant fight
Brian Esposito gets the most out of players, most of whom would rather be playing in Pittsburgh.