Indianapolis Business Journal - February 1-7, 2019
In This Issue
Small businesses still feeling federal shutdown hangover
According to the Congressional Budget Office, the five-week closure cost the economy $11 billion, and $18 billion in federal spending was delayed.
Westfield sees advanced manufacturing as new growth engine
As Bastian Solutions, a Carmel-based subsidiary of Japan-based Toyota Industries Corp., prepares to open its Westfield facility along U.S. 31, city leaders are working to woo other companies like it.
Fishers IoT Lab nearly maxed out in less than a year
The Indiana IoT Lab in Fishers has fast become an oasis for tech firms big and small, as well as freelancers helping companies turn their ideas about internet-connected devices into products.
Get up to speed on the last leg of I-69 construction
At long last, Interstate 69 is getting real for Marion, Johnson and Morgan counties.
Memory Bank: Snowfall in Woodruff Place
Woodruff Place was well established when Walter Carpenter shot this photo on March 27, 1912, at the corner of Michigan Street and West Drive.
UPDATE: Scotty's Brewhouse founder faces new investor lawsuit for alleged fraud
The suit against Scott Wise alleges that two investors lost more than $1 million they had invested, due to Wise's misleading statements and shares that were never properly registered. Wise said he didn't mislead any investor in Scotty's Brewhouse.
Developers bid on IPS downtown HQ, but district leaders unimpressed
Indianapolis Public Schools staffers are expected to ask the board this week to reject two proposals to buy the district's downtown headquarters, after the offers came in well below expectations.
Q&A: ‘Heart mission’ is growing business
For the past seven years, Darla Hall has been in the business of making sports-themed coloring and activity books and storybooks for children, as well as coloring books for adults.
Mentor program seeks to boost Hispanic-owned businesses
The soaring Hispanic population can be a powerful engine for growth in the Indiana economy—potential that some of the state’s best-known businesses are embracing.
Community’s new east-side digs feature big ER, modern amenities
When the $175 million hospital opens in stages over the next two weeks, patients and visitors will see a major upgrade in facilities.
Drug shows promise against blood cancer
Researchers, led by Purdue chemistry professor Herman O. Sintim, are developing a series of drug compounds they say have shown promise in treating acute myeloid leukemia.
For hospitals, babies are big business
For hospitals, maternity care builds relationships with young families that often last for decades. About 40 percent of women experience their first encounter with hospitals for reproductive services.
IU med school to train more psychiatrists
Sheila Suess Kennedy: Ford bill would reverse 2017 law’s harm to clean energy
An important bill has been sent to the Senate Utilities Committee, chaired by Sen. Jim Merritt. Senate Bill 430, introduced by Sen. J.D. Ford, would repeal the provisions of last year’s controversial measure phasing out net metering.
MIKE LOPRESTI: Hoosier Hoops Tour has plenty of bad karma—and a few bright spots
The Pacers, IU, Notre Dame and Butler all struggle as Purdue and IUPUI win.
BOHANON & CUROTT: Lawmakers shouldn’t shut door on marijuana reform
Pro-reformers say new users will be opioid addicts who ditch opioid prescriptions or heroin for marijuana. Anti-reformers say new users will be vulnerable teenagers. Who is right? Probably both.
HAHN: Sudden windfall creates problems, opportunities
People mistakenly believe a large windfall will solve their problems, but if they are not prepared, it can have a dark side.
Letter: Cuts were unnecessary
If Congress cannot stop overspending, the tax revenue has to come from somewhere and it has to come from where the money is at.
Letter: Give, but give wisely
Simply responding to requests may feel good in the moment, but it isn't the most effective approach.
Steve Key: Legislature should defeat attempts to kill public notice
Since the founding of our country, paying newspapers to publish public notice has been the most cost-effective way to disseminate information that state legislatures deem important. The payment isn’t a subsidy; it’s payment for a service.
Editorial: Hoosier businesses have role in developing ‘sense of place’
The push to create a stronger sense of place in central Indiana could benefit the community at large, of course. But the biggest advocates of such efforts are business leaders concerned about attracting the best talent, and we love the idea that each one of them could take on a little of the responsibility for making the city a more attractive place to live and work.
GREG MORRIS: Indy Bar leadership worth celebrating
The team even went to bat for furloughed federal workers by donating legal advice.
Ed Feigenbaum: Lawmakers’ decisions could guide path of gambling for years to come
The number and nature of the moving parts involved in the gambling issue in this legislative session are numerous and complex; the opportunities and problems presented are endless.
Carmel software firm plans to expand, add 50 employees
Software company Tendly LLC, which began doing business under the name MomentPath in November, expects to move into a larger office space as part of the expansion plan.
City-County Council OKs $24M in additional public works spending
Some council members voted for the measure in spite of previously expressed frustration that the measure transfers $300,000 out of the city’s parking meter fund to eventually pay for initiatives that seek to curb homelessness and panhandling.
Trio of downtown-area apartment buildings hits market
Their Bloomington-based owner is marketing them less than three years after completion. They include The Delaware, a high-profile complex at 22nd and Delaware streets.
Indiana public broadcast stations adding staff, expanding news programming
Thanks to $1.7 million in new grants, WFYI and the eight other Indiana Public Broadcasting stations that make up IPB News will soon be beefing up their statewide news coverage.
Downtown burger joint, bar ends run after less than 3 years
Rebar Indy, which made its home in one of the oldest buildings in Indianapolis, joins a rash of downtown restaurants that have called it quits since December.