Indianapolis Business Journal – November 2-8, 2018


SKU: 437d7d1d9791 Category:


In This Issue

Front Page

Carmel turning blighted industrial area into sizzling mixed-use corridor

Redevelopment projects are dramatically reshaping several blocks along the Monon Trail in Carmel—and an end to construction isn’t in sight for the Midtown area.

Allegion, Heritage among corporations leaping into venture investing

A wave of corporations in central Indiana is creating venture capital arms, pushed partly by the desire to join the technological movement.

Top Stories

Top Indiana CEOs drop $650K on PACs, races

An IBJ analysis of political giving this election by CEOs of Indiana’s biggest companies found 56 executives donated $650,000 to nearly 92 organizations and candidates seeking federal office.

Hamilton County officials debate 10 percent income tax hike for 911

For at least a year, county officials have debated how best to pay for the county’s 911 communications operation going forward.

Sears’ Castleton, Greenwood closings create opportunities, obstacles

One complication is that Sears—not Simon Property Group—controls the Castleton Square space.

New digital city hall promises convenient, efficient services

More than 50 city services—from requesting extra police patrols to filing property tax appeals to requesting a streetlight in your neighborhood—are now offered digitally at

Q&A with Doug Kouns, an FBI agent who became entrepreneur

Doug Kouns spent 20 years in the FBI before retiring to launch his own intelligence, investigations and research firm in Carmel.

Developer to revamp 50-year-old, south-side apartment complex

Birge & Held plans to rehabilitate the 304-unit community and target low- and moderate-income renters, who face a shortage of affordable housing.


University researchers make discoveries count as entrepreneurs

A few influential “serial entrepreneurs” in Indiana universities feel an itch to turn their discoveries into products and companies, over and over again.

MATTHEW NEFF: Can we accelerate business creation from academia?

Most institutions encourage faculty innovation, but it is only publications that counts toward tenure consideration.


Editorial: Convention hotel plan a winner

A proposed public-private partnership to build two convention hotels with 1,400 more rooms as well as a $120 million expansion of the Indiana Convention Center will give downtown and Visit Indy a big boost.

GREG MORRIS: Advance your education and enhance your life

Know someone struggling to break into the job market? Pass along a copy of Career Ready

Sheila Kennedy: You can still make a difference in your own back yard

There’s a limited amount that most of us can do to affect national policy, which is certainly not to say we shouldn’t vote, advocate and do our best to persuade our fellow Americans of the value of our positions. But we really can make a difference locally.

Kyle Hupfer: Hoosiers should stay the course, vote Republican

Here in Indiana, thanks to a decade-plus of strong Republican leadership from Mitch Daniels, now president of Purdue University; Mike Pence, now our nation’s vice president; Eric Holcomb, our current governor; and our supermajorities in the Statehouse, Indiana has seen unprecedented growth and opportunity.

HAHN: Cognitive decline fueled by aging can lead to exploitation

Learn about elder abuse and be proactive in financially protecting loved ones.

BOHANON & CUROTT: Fed must stay independent, ignore Trump tirades

The officials in charge of setting the governments’ budget should not be the same officials in control of the printing press.

Michael Blickman: Beware of using artificial intelligence in hiring

A significant problem with using AI in the hiring process is the prospect that the data used by the computer is implicitly biased and that unlawful discrimination will result.

Letter: Please vote, and take your kids along

You may not think your vote can make a difference, but it does.

In Brief

Fuzzy’s Vodka ends sponsorship of IndyCar, Ed Carpenter Racing

Ed Carpenter Racing said Indianapolis-based Fuzzy’s Spirits LLC plans to “concentrate on business initiatives outside of motorsports moving forward.”

Indianapolis-based Salin Bancshares to be acquired in $135M deal

Salin Bank and Trust Co.—the third-largest privately held bank in Indiana—will take on the name of its acquirer after the deal closes in early 2019.

Packaging manufacturer plans $106 million plant in Lebanon

A British company with packaging plants around the world plans to build a 550,000-square-foot manufacturing facility just southwest of Interstate 65 that will employ 140.

Indiana Historical Society names CEO to replace retiring Herbst

The CEO of the Connecticut Historical Society will take over the post in late January, marking the first leadership change at the organization in more than a dozen years.

Developer pulls trigger on $50M logistics project near I-65

The new owner of the site is bullish enough on the Indianapolis market to start development of the 1 million-square-foot building without having a user signed for the space.


MIKE LOPRESTI: Indians have some fingerprints on this Red Sox championship

A journeyman, a coach and a team player—World Series winners now—all spent time at Victory Field.

Finding a place for Spirit & Place

About 30-40 events this year will fit under the elusive umbrella of the Spirit & Place Festival, a unique yet difficult-to-define, only-in-Indianapolis celebration of the arts, humanities and religion.