Indianapolis Business Journal – January 11-17, 2019


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In This Issue

Front Page

Disgraced nursing-home CEO wants felony convictions tossed

The ringleader in one of the largest corporate-fraud cases in Indiana in recent years says his legal team at Barnes & Thornburg failed to disclose a “profound conflict of interest.

Last year, 27 donors gave big gifts worth nearly $246 million

Most of the gifts—20 of the 27—went to higher education institutions. Only five were from named Indianapolis philanthropists. Two were anonymous.

State may revamp tourism department, create quasi-governmental agency

Several lawmakers, lobbyists and state officials are pushing for sweeping changes to the state’s tourism bureau.

Top Stories

$24M in grants to help fuel Mind Trust’s second act

The education-reform group, deep in its execution phase, is seeking to prove its vision is working for kids.

Q&A with Mike Alley, Resilient Strategies CEO

Alley is an Indianapolis-based emergency preparedness and cybersecurity expert. He also plays no fewer than four musical instruments.

Sun King seeks fast, but smart, growth

It’s daunting to keep tabs on what Sun King Brewing Co. is doing these days.

City parking meter hours to be extended after council vote

The new ordinance is expected to generate an additional $800,000 in parking meter fees annually—about $200,000 less than council members initially sought in a more extensive proposal.

Indiana Republicans suggest schools cut costs to raise teacher pay

The goal for school districts would be to use 85 percent or more of their state funding for instruction-related costs, such as teacher salaries.

Lilly execs: $8B acquisition feeds into cancer drug strategy

Drug industry analysts on Monday applauded Eli Lilly and Co.’s pending $8 billion cash deal to buy a startup that focuses on oncology, which has become a prime focus for the pharma giant in the last year.


Investment experts: Don’t panic; look for opportunities

It’s not clear whether the bull or the bear will prevail in 2019, so financial planners are counseling clients to expect volatility and take advantage of it, if that meets their long-term strategies.

MADDOX: How to choose the right financial adviser for your needs

The biggest sin regularly committed in the business is not being totally honest with the investor as to how the adviser is compensated.


Editorial: ‘Thousand points of light’ still vital to confronting challenges

More than just brick-and-mortar projects, Eastern Star’s good work depends on the dedication of parishioners who are committed to making a difference one person at a time. The emphasis on interpersonal relations is a quality usually missing from big government programs.

NATE FELTMAN: Infosys to Indiana, the real story

The personal touch weighed heavily in the Indian tech giant’s decision to invest here.

Lauren Conaboy: Three ways elected leaders can change health care

Comprehensive care that addresses mental health is essential to helping patients, families and employers.

Gary Green: Older ex-offenders make better employees

The movement to put ex-cons to work should start with those who’ve had the time to truly change course.

Sherri Fella: Make fear, excitement your friends to help you grow

Every step is an opportunity to learn and to celebrate. It is an opportunity to fall and get back up again.

Ed Feigenbaum: Look for evolutionary, not revolutionary, changes under legislative leaders

Three of the four leaders are “legislative legacies” of sorts, raised with a respect for “the system” and a sense of public service and selflessness.

KIM: Take this non-forecast for 2019 to the bank

Not only is volatility normal, it is necessary for generating outstanding long-term returns.

BOHANON & CUROTT: Don’t fall for the idea a recession is ‘overdue’

The claim that a recession is more likely in 2019 because there hasn’t been one in a while is an example of the gambler’s fallacy.

Letter: Put policy to work to tackle skills gap

In early December the Indiana Manufacturers Association launched a regional manufacturing education initiative working with education partners so classes can be customized and available in the communities where jobs are waiting.

In Brief

After delays, $45M downtown mixed-use project to finally break ground

The local developers of The Ardmore see the apartment-and-retail development as a bookend to the massive Bottleworks project on the other end of Mass Ave.

Martin University pulls new president from staff at UIndy

After conducting a national search, the black liberal arts college on Indianapolis’ east side has hired a diversity and inclusion officer at UIndy to replace outgoing leader Eugene White.

Allos Ventures raises $40 million for latest investment fund

The new fund, Allos officials said, will continue the firm’s focus on investments in early-stage business-to-business software and tech-enabled service companies based in the Midwest. Allos has already made its first investment with the fund.

Macy’s store in Indianapolis set for closure

Macy’s plans to close its store at Glendale Town Center, leaving the 60-year-old Indianapolis shopping center without its largest and oldest anchor.


MIKE LOPRESTI: Coaching legend Holmes on cusp of record for most wins

A 50-year hardwood career at Bloomington South High School closes in on milestone.

Footlite Musicals takes a walk on the homicide side with steamy ‘Murder Ballad’

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