Indianapolis Business Journal – April 5-11, 2019


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In This Issue

Front Page

Indiana stocks rocket higher to open year

More than two dozen of the state’s 51 public companies posting double-digit percentage gains in the first quarter.

Radio-station acquisitions give Cumulus big boost

With its pending acquisition of three Entercom Communications Corp. stations, Cumulus Media Inc. is set to become the biggest, most-listened-to radio company in the Indianapolis market.

Hogsett opponent Merritt focuses on potholes in mayor’s race

As city crews fill potholes on Indianapolis streets, Mayor Joe Hogsett’s likely Republican challenger in this fall’s election is trying to define the mayor by those same pockmarked roads.

Top Stories

Fadness’ primary opponent: Fishers development coming too quickly

The mayor and his backers see the city’s transformation as a resounding success. But some residents say it’s been too much, too fast, and has left parts of their community almost unrecognizable.

Indians planning high-end club that allows fans to mingle

About $2 million in upgrades to Victory Field are scheduled to begin after the 2019 season concludes in September, most notably an overhaul of the existing suite area behind home plate.

Battered insurer MDwise readies for turnaround

The CEO who took charge last summer of the Indianapolis company that provides health insurance, food, career help and other services to low-income people acknowledges he has a big job ahead.

Q&A with Nicole Kearney, owner of Sip & Share Winery

Kearney taught college before starting her vegan wine business in 2016.

Sticksnleaves co-founders land funding for new tech firm

Entrepreneurs Yaw Aning and Anthony Smith are thinking big with their latest company, which was launched out of "stealth mode" Tuesday with an announcement that it raised $600,000 in early venture funding.

Downtown hotel coalition launches ad campaign against CIB funding bill

A coalition opposed to the development of two downtown convention hotels plans to launch a “significant” multimedia advertising campaign Thursday with hopes of swaying the public—and lawmakers—on the issue.

Lilly Library set for renovation after $10.9M grant from Lilly Endowment

The Lilly Library at Indiana University—home to more than 450,000 rare books, 8.5 million manuscripts and 150,000 sheets of music—hasn’t had a significant interior renovation since it opened in 1960.

Indiana Senate votes to send controversial hate crimes bill to governor

The Indiana Senate adopted the House's version of a bias crimes bill on Tuesday afternoon, sending the legislation to Gov. Eric Holcomb despite complaints from opponents who say the bill isn’t specific enough.


State electric plants pivoting away from coal

The industry is retiring coal-fired plants in favor of cheaper energy sources, including gas, solar and wind.

New system at Notre Dame turns food waste into energy

The university said the Grind2Energy system will reduce non-consumable food waste on campus by more than 2,000 pounds a day while contributing to the clean-energy needs of a local farm.

Two Franklin schools reopen after air testing

The Franklin Community Schools announced the decision for Needham and Webb elementary schools after the testing of a total of 44 indoor air samples from the two schools.

Farmers fretting over market conditions

Researchers learned that many farmers are carrying larger loans than a year ago, and one in five of them said it was the result of carrying over a previous year’s unpaid operating debt.


EDITORIAL: Innovative companies like TMap help hobbled Hoosier recruiters

With the Legislature more inclined these days to reject proposals the business community say will boost the state’s economy, companies are forced to compensate in any way they can.

NATE FELTMAN: Debt could snuff out ‘American Tailwind’

Our standard of living has sailed upward for decades, but excessive spending will bring us down to earth.

Sheila Suess Kennedy: Connecting the dots between gerrymandering, potholes

Few of us who live in Indianapolis recognize the connection between Indiana’s gerrymandered legislative districts and the thousands of potholes we dodge every spring, or the fiscal shortchanging of urban schools, or the Legislature’s refusal to pass comprehensive bias crimes legislation, or our lawmakers’ seeming fixation on women’s reproductive decisions.

Todd Rokita: Responsible parties must own their role in sky-high drug prices

It’s the cold, hard truth that there isn’t one simple solution for eradicating the complexities of the pharmacy benefits industry.

Kristen Cooper: C-level execs fuel economy by supporting startup founders

If chief information and chief technology officers in Indy spent more time becoming acquainted with and mentoring female founders, Indianapolis could become a national model for a vibrant and more equitable startup environment.

Ed Feigenbaum: Don’t take these Statehouse phrases at face value

Virtually no bill is ever “simple.” And the more an advocate protests about its being so, the more complicated or controversial it tends to be.

HAHN: Keep your guard up against financial fraud

If you feel as though more scams are being perpetrated, you are correct. New technology is leading to more sophisticated scams, and, most of the time, victims do not realize they are being exploited.

BOHANON & CUROTT: Lots to consider in debate over rising insulin prices

Last month, Indy-based Eli Lilly and Co., the original innovator in insulin, introduced the first low-priced “generic” version of its current insulin product.

Letter: A societal oddity

Isn’t it ironic that South Bend Mayor Pete Buttigieg qualifies to be president of the United States but couldn’t be employed as a counselor at Roncalli High School?

Letter: Writer misunderstood Indiana Forest Alliance

Mr. Moistner calls the Indiana Forest Alliance a “conflict industry” that only exists to fight. Actually, the IFA and the Indiana Hardwood Lumbermen’s Association began a dialogue in good faith; while we still disagree on some matters, we agree on others.

In Brief

Nickel Plate Bar & Grill in Fishers to close this month

The iconic Fishers restaurant known for its giant pork tenderloin sandwiches and its historic downtown building is set to close later this month after 28 years in operation.

Allison Transmission seeking $2.7M tax break from city on $34.5M testing facility

Officials for the Indianapolis-based transmission giant tell city officials that the project would create 193 jobs that pay an average of $20.39 per hour, as well as help it retain current employees.

WISH-TV beefing up programming with additional afternoon newscast

Indianapolis station WISH-TV Channel 8 plans to add a 4 p.m. newscast to its broadcast schedule, owner Nexstar Media Group announced Monday.

Tiny-house enclave by Lucas Oil Stadium offers tourists pint-sized lodging

The so-called Tiny House Hotel is a big part of an effort to attract fans of miniature abodes to the city.

Shell of former gas station on cusp of Meridian-Kessler to become office building

Real estate agent and nearby resident Kelly Lavengood says she was inspired by other rehab projects in the area to buy and renovate the former Pure Oil gas station on 38th Street.


MIKE LOPRESTI: Snapshots from a distressing hoops season

The easiest problem to fix? Bring the high school tournament back to Hinkle Fieldhouse.