Indianapolis Business Journal – November 9-15, 2018


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In This Issue

Front Page

Janitor uprising highlights tensions over outsourcing

Nearly 650 Indianapolis-area janitors represented by the Service Employees International Union work for just eight firms that clean downtown office buildings.

Cummins focuses on both diesel and uncertain electric future

Columbus-based Cummins Inc. is doing a bit of a juggling act these days—staking its claim in the new realm of electric vehicles while keeping its legacy diesel business humming.

Top Stories

The Yard in Fishers: It won’t be just about the food

When The Yard at Fishers District was proposed in November 2016, it was billed as a culinary-centric development. But as the project has grown, so has the number of non-food-related tenants.

Novartis nearly doubled its Endocyte bid during drawn-out courtship

The escalation in per-share price—which far exceeds that of other recent deals involving Indiana public companies—reflects the unique nature of M&A in the pharmaceutical realm.

Speedway expected to continue growth in wake of matriarch’s death

The Indianapolis Motor Speedway was not for sale before the Nov. 3 death of Mari Hulman George—the matriarch of IMS and IndyCar Series parent Hulman & Co. And it’s not now.

Q&A with Blake Johnson, IndyHub’s new president

Blake Johnson’s new job is all about trying to make sure Indianapolis residents in their 20s and 30s seize the energy of the city. 

City considers eminent domain in quest to acquire abandoned apartment complex

The Indianapolis City-County Council’s Metropolitan and Economic Development Committee unanimously approved a proposal to buy the Oak Tree Apartments near 42nd Street and Post Road from Indy Diamond LLC.

UPDATE: U.S. Olympic Committee moves to decertify Indy-based USA Gymnastics

The U.S. Olympic Committee is choosing to pursue the nuclear option for USA Gymnastics after the organization botched its rebuilding attempt in the wake of a sex-abuse scandal involving former team doctor Larry Nassar.

Deal to give Dow Agro successor $30M in incentives rankles some councilors

A panel of City-County Council members on Monday advanced a plan to provide Corteva Agriscience with incentives to maintain operations in Indianapolis, but not before several councilors expressed objections.

After losing big, Indiana Democrats wonder what to do next

Democrats are questioning themselves after losing control of their Indiana U.S. Senate seat and making no gains in the U.S. House in the midterm election.


Museum inside Indianapolis Motor Speedway is planning massive expansion, renovation

Planning for the project is still in the early stages but it’s likely to cost tens of millions of dollars.

Eiteljorg Museum renovates Western galleries, adds pieces

State museum improves visits for visually impaired


Editorial: is step up for city

We encourage the city to not only complete implementation of the site but to fully fund continual upgrades. The public’s expectation of being able to interact with city government online, without a trip downtown, will only grow.

IBJ’s Wish List provides an easy way to give

Nate Feltman: Take a moment to thank your mentor

Mickey Maurer has served as a role model and a trusted adviser for me and countless others in our community.

Vicki Fortino: What’s really happening in the immigration system?

Our immigration system is heavily backlogged. That’s nothing new. But recent policy changes made by the current administration at the federal level have made the system much more difficult for everyone to navigate.

Brian Shapiro: City, state punting on 65/70 reconstruction plans

There are opportunities for improvement throughout downtown. Outdated, elevated train tracks on the south and east sides of downtown are crumbling and unsightly and don’t allow enough clearance for supply trucks.

BOHANON & CUROTT: 5 million men are missing from America’s labor force

If labor-force participation among prime-age men were at 1950-1970 levels, the economy would have 5 million more workers.

KIM: Use this advice to weather the volatility storm

You might not realize it, but when you decided to invest in stocks, you bought a ticket to ride an emotional roller-coaster.

Taking moment to play is not waste of work time

Build on SerVaas ideas for Circle

Roundabout support based on shaky stats

In Brief

Brewpub closes after seven-month run in Butler-Tarkington

A brewery and restaurant that hoped to be part of the revitalization of the south end of the Butler-Tarkington neighborhood has closed, citing “unexpected circumstances.”

New downtown nightclub set to take over Subterra Lounge space

A new nightclub that describes itself as a “New Orleans-inspired voodoo dive bar” is set to celebrate its grand opening Saturday.

Indianapolis event-software firm plans to hire more than 100 workers

Socio is just two years old but already has hundreds of clients across six continents, including Google, Microsoft, PepsiCo and Hyundai.

Townhomes planned on former service-station site in Fountain Square

The project is slated for an odd triangular parcel along one of Fountain Square’s main arteries as the neighborhood’s resurgence continues.

BMO Harris hires new Indiana commercial banking executive

BMO Harris has added a former JPMorgan Chase exec to lead its commercial banking efforts in central Indiana and around the state.

Special Sections

2018 WOMAN OF INFLUENCE: Gail K. Boudreaux

Gail K. Boudreaux was a star college basketball player before rising to the highest levels of the health insurance industry, a career path that led to the top job at Anthem Inc. a year ago.

2018 WOMAN OF INFLUENCE: Dr. Kristina McKee Box

Dr. Kristina McKee Box has 30 years of experience as an obstetrician gynecologist and still puts in 24-hour shifts in the labor and delivery unit at Community Hospital North.

2018 WOMAN OF INFLUENCE: Mary Dankoski

Mary Dankoski is on a quest to speed up the advancement of women and underrepresented faculty at the Indiana University School of Medicine.

2018 WOMAN OF INFLUENCE: Myla A. Eldridge

Myla Eldridge has saved about three quarters of a million dollars of taxpayer money by “smart-sizing” the Marion County Clerk’s Office.


Purdue professor Roxane Gay is one of the hottest feminist writers in a time that is celebrating feminism.

2018 WOMAN OF INFLUENCE: Lena Hackett

Lena Hackett has worked aggressively on criminal justice reform strategies and brought national models and practices to Indianapolis.

2018 WOMAN OF INFLUENCE: Kellie K. Hanner

Since Kellie Hanner became president and CEO six years ago, the Indiana Donor Network has seen a 16.5 percent increase in organ transplants and a 58 percent increase in tissue donors.

2018 WOMAN OF INFLUENCE: Deana R. Haworth

Deana Haworth has spent 18 years with Hirons, a local leader in marketing and public relations, working with Eskenazi Health, the U.S. Department of Labor and the Indiana Secretary of State’s Office, and she created the Hirons Rural Reach program.

2018 WOMAN OF INFLUENCE: Christine Hayes Hickey

Christine Hayes Hickey worked her way up from paralegal, landed her law degree from the Indiana University Robert H. McKinney School of Law in the evenings and became an associate, then partner, then managing partner and president of Rubin & Levin PC.

2018 WOMAN OF INFLUENCE: Kelly Krauskopf

Now in her 19th season as the top executive for the Indiana Fever, Kelly Krauskopf is the longest-tenured executive in the WNBA and is now overseeing Pacers Gaming for the NBA2k league.

2018 WOMAN OF INFLUENCE: Carolene Mays-Medley

A former state lawmaker and utility regulator, Carolene Mays-Medley has overseen a rapidly increasing event lineup as well as an infrastructure overhaul at White River State Park, including an upcoming upgrade of the Lawn concert facility.

2018 WOMAN OF INFLUENCE: Andi M. Metzel

2018 WOMAN OF INFLUENCE: Danelle Miller

A member of Roche’s Global Quality & Regulatory Leadership Team, Danelle Miller built its regulatory policy function from the ground up.

2018 WOMAN OF INFLUENCE: Karen Plaut

Karen Plaut leads Purdue’s highly ranked College of Agriculture, where she oversees more than 300 faculty members, nearly 3,600 students and an extension service that reaches all 92 Indiana counties and more than 60 countries.

2018 WOMAN OF INFLUENCE: Courtney Roberts

Overseeing Eli Lilly and Co.’s philanthropic work in the United States, Kenya and Mexico, Courtney Roberts also leads a pilot program to address barriers to diabetes care in three local neighborhoods.

2018 WOMAN OF INFLUENCE: Jennifer Rumsey

After beginning her Cummins career working on advancing fuel cell technology, Jennifer Rumsey now guides the company’s second-largest function, leading a global team that includes 7,000 engineers.

2018 WOMAN OF INFLUENCE: Christi Shaw

Working at Eli Lilly and Co. right out of college, Christi Shaw went on to other major drug companies before returning to head a division that represents about 40 percent of Lilly’s worldwide revenue.

2018 WOMAN OF INFLUENCE: Danielle Shockey

Taking over as the leader of Girl Scouts of Central Indiana in 2017, Danielle Shockey came to the job with 20 years of experience working with Indiana youth.

2018 WOMAN OF INFLUENCE: Melissa St. John

Melissa St. John’s company specializes in corporate moves and has a long list of prominent clients, but the awards she’s received have as much to do with corporate citizenship as with the bottom line.

2018 WOMAN OF INFLUENCE: Audrey Taylor

Emerging from the health care services arena and state government sector, Audrey Taylor founded risk-management services company Netlogx in 1998.

2018 WOMAN OF INFLUENCE: Brooke Thompson

When Brooke Thompson arrived in Indiana in 2017 to lead the market, she not only focused on the numbers, but also on company morale and community givebacks.


MIKE LOPRESTI: College basketball in Indiana, by the numbers

A unique statistic for each of the state’s 10 Division I programs as they open a new season.

George Platt Lynes exhibit bares all

The title elements aren’t quite given equal weight in “Sensual/Sexual/Social: The Photography of George Platt Lynes,&rdquo.