Indianapolis Business Journal - November 23-29, 2018

Indianapolis Business Journal - November 23-29, 2018


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In This Issue

Front Page

Amazon HQ2 snub sets off alarm bells among tech leaders

You don’t have to read between the lines of Amazon’s recent HQ2 decision to determine that Indianapolis’ tech talent pool, while strengthening, is still far below the major-league level.

Born into similar finances, black and white children earn differing incomes as adults

White adults in Indianapolis on average outearn black adults whether both groups were born to poor, middle class or wealthy parents.

Top Stories

Kite seeks to minimize risk in convention-hotels project

Hospitality industry observers say this is far from an ideal time for Kite—a publicly traded real estate investment trust specializing in shopping centers—to veer outside its core business and tackle what would be a risky and colossal project that easily could cost more than $600 million.

IndyGo OK so far with electric buses, despite Albuquerque woes

IndyGo and bus maker BYD Ltd. say they’re confident the electric buses Indianapolis plans to use for the Red Line will meet the system’s needs.

Small manufacturer's custom scents amass sizable sales

The handmade products of Indianapolis-based Ambre Blends are racking up big sales gains nationwide among high-end clientele.

Q&A: Scannell plans expansion into European markets

Robert Scannell, 66, founded Scannell Properties in 1990, following his departure from Duke Realty the same year.

Indiana Chamber's legislative priorities include issues that recently failed

The statewide business group announced its lobbying agenda Monday—and it includes support for passing a hate-crimes bill and increasing the cigarette tax. Another priority involves the state's superintendent of public instruction.

Tech leaders create association to lobby for industry interests at Statehouse

The new Indiana Technology and Innovation Association includes more than 90 technology companies ranging from startups to major players like Salesforce and AT&T.

New consortium to promote, facilitate investments in state 'opportunity zones'

Investors who want to take advantage of the “opportunity zones"  provision created by last year’s federal tax overhaul are about to receive more help in Indiana.

Businessmen plan $14M design center, makerspace in Fishers

The 85,000-square-foot design center will include a showroom, office and warehouse space, and a makerspace for hobbyists, entrepreneurs and students.


Opioid war rages on, but those on the front lines see progress

The crisis has been years in the making, and the job of wrestling it to the ground has grown into a massive task. No one is yet predicting when the state will be able to declare victory.

Franciscan clinic in Greenwood smaller than originally planned

Eli Lilly considering sale of China assets to raise cash

Indianapolis-based Lilly is working with advisers to gauge interest in selling off a selection of older drugs for antibiotics and central nervous system diseases in China.

State police collect unused medicines

Indiana State Police collected more than a ton of expired and unwanted prescription medications Oct. 27 as part of the national “Prescription Drug Take Back” initiative sponsored by the U.S. Drug Enforcement Administration.


Editorial: Cigarette-tax hike is an easy call

Business and health interests are calling once again for common-sense legislation to help Hoosiers quit.

MICKEY MAURER: A Glick-like entrepreneur is improving our city

Aasif Bade is tackling big developments and big community problems, just like my mentor.

Kerwin Olson: Proposed Vectren plant would set Indiana back

Vectren's plant will harm our economy and our environment and will unnecessarily increase the monthly bills of electric consumers already saddled with the highest bills in Indiana.

Amber Van Til: Keep the ‘farm’ in farm credit; program needs reform

Time is running out, but the Indiana Bankers Association is confident lawmakers will maintain the programs that help rural community banks serve farmers, ranchers and producers.

Sherri Fella: Your ‘shadow’ sets the tone for your team

Have you considered lately what kind of shadow you are casting? Is it light or dark? Broad or narrow? Consistent or erratic? Inclusive or exclusive? Perhaps you don’t even know.

KIM: Act now to take advantage of the best college savings tool

With college costs escalating rapidly, reducing future debt by starting to save as much and as soon as you can for a child’s college education is vitally important.

BOHANON & CUROTT: Indy is better off for losing the Amazon sweepstakes

We’re relieved that thousands of transplanted workers are not going to overcrowd central Indiana and drive up the cost of living. Losing the Amazon sweepstakes is a blessing.

Letter: Red Line Construction—The pain will be worth it

As one of the 25 most-visited museums in North America, The Children’s Museum of Indianapolis is a peer to museums in cities where visitors expect to have easy access to them via transit. With the Red Line, Indianapolis will meet those expectations.

In Brief

Developer in downtown hotel project sues bank in rift over relocating branch

Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.

City-County Council OKs $30M incentive deal with Dow Agro successor

The City-County Council on Monday approved a plan to provide Corteva Agriscience with $30 million in incentives to maintain operations in Indianapolis, but not without reluctance from some council members.

Miami-based media company to open Indianapolis office, hire 150 workers

Terraboost Media—which places hand-sanitizer dispensers with poster-size advertisements in businesses—picked the northeast side for its fourth U.S. office.

Bidders on state park's concert stage upgrade go wide of mark, delaying work

New restrooms will be ready for concertgoers at the Farm Bureau Insurance Lawn, but a key portion of the venue's two-year, $27 million revamp must wait until 2020.


Eiteljorg's Jingle Rails has become a multi-generational holiday tradition

More than 35,000 people last year came to the downtown museum to see the G-gauge train display.

MIKE LOPRESTI: Add these big sports dates to your pre-Christmas calendar

IU faces Purdue, Romeo goes up against Zion, and the Big O turns 8-0.

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