Indianapolis Business Journal

Swiss pharmaceuticals giant Roche continues an expansion project at its Indianapolis-based diagnostics unit as it awaits U.S. regulatory approval for a new diabetes treatment. Daniel Bradley has the latest on the $550 million investment. Also in this week’s issue, Susan Orr reports that local nonprofits and wealth managers are seeing a growing interest in charitable gifts that are distributed from an estate after a donor’s death. And Dave Lindquist explains how two local teenagers are building careers in the music business.

Indy-based Elanco Animal Health is among the companies taking a leading role in combating the re-emergence of a deadly parasitic fly that was pushed out of the United States six decades ago. Daniel Bradley explains how Elanco is taking on the screwworm. Also on this week’s issue, Susan Orr delves into the state’s initiative to accelerate the use of AI by Indiana businesses. And Taylor Wooten explores efforts to increase the flow of educators into math and science classrooms.

As Indiana officials work to secure a stadium deal with the Chicago Bears, the Indianapolis Colts are beginning to formulate goals for a future round of negotiations for their lease at Lucas Oil Stadium. Mickey Shuey explains what could be in play. Also in this week’s issue, Elissa Maudlin reports on how Hamilton County is addressing a child care gap. And Dave Lindquist delves into a plan from two entrepreneurs to create a theater in downtown Noblesville.

Developers of data centers often seek incentives from governments that include tax breaks, arguing the projects add value to communities and claiming they’ll go elsewhere without incentives. Critics contend they don’t need them. Reporter Taylor Wooten examines how economic development officials are trying to evaluate whether tax breaks are warranted. Also in this week’s issue, Mickey Shuey reports on a major flag football event slotted for Grand Park. And IBJ’s annual Corporate 100 section spotlights Indiana’s 50 largest public and private companies.

Byrider appears to be back in gear after organizational and pandemic-era struggles. Reporter Susan Orr has the latest on the company's comeback. Plus, reporter Taylor Wooten digs into the changes the Marion County Democratic Party has been undergoing and what it means for the 2027 mayor's race.

Rural hospitals in Indiana are facing a crisis that could lead to more health deserts across the state, hospital leaders say. Daniel Bradley examines the financial factors upending health care in the state. Also in this week’s issue, Elissa Maudlin reports on the mixed reactions to Zionsville’s plan to revitalize its carefully curated downtown. And Dave Lindquist explains how concert venues are leaning into premium experiences for fans as a way to keep their doors open.

Deal after deal, Indianapolis-based Eli Lilly and Co. is using the fruits of its success from developing blockbuster GLP-1 medicines to build a bridge over a looming patent cliff. Daniel Bradley reports that Lilly so far this year has spent $21 billion to acquire six biotech companies and crafted licensing deals worth up to $19 billion. Also in this week’s issue, Joey Harris explains how data centers handle the need for large sources of backup power. And Susan Orr takes a deep dive into Trump Accounts, the new investment option for new parents.

In seven weeks of doing business, The Besties’ Table breakfast and brunch restaurant has transformed an unremarkable intersection near the University of Indianapolis into a culinary hotspot. Dave Lindquist digs into the sudden success of homegrown restaurateur Tyler Williams. Also in this week’s issue, Joey Harris explains how the state is trying to help a generation of small-business entrepreneurs with their succession plans. And Daniel Bradley reports on a 12-year-old patient at Riley Children’s Health who is the first person in Indiana to receive a new gene therapy for a rare blood disorder.

Veterans could see major investments in their medical care in central Indiana if Congressnapproves more than $2 billion earmarked for a new hospital in Indianapolis and outpatient facility in Fishers. IBJ’s Mickey Shuey has more on the plan for the new facilities. Also in this week’s issue, Elissa Maudlin lays out a new plan from Carmel to upgrade the massive parking lots along U.S. 31. And Dave Lindquist reports on the growth of a new sport born 25 years ago in a parking lot for Indianapolis Motor Speedway.

IBJ’s string of annual Innovation Issues kicked off in 2015. Since then, we’ve taken deep dives into artificial intelligence, blockchain, drones, disruption, advanced manufacturing, battery power, groundbreaking medicines, NFTs, IoT and the way we now pair food with technology in the agriculture sector. For this year’s issue, we’re taking a look back to get updates on the people and startups we featured and whether predictions of how these technologies would affect us in the future actually have panned out.

The opening of the main building of the Contemporary Art Museum of Indianapolis is merely days away after more than seven years of planning. Dave Lindquist has the lowdown on the opening exhibitions, studio artists and storefront businesses. Also in this week’s paper, Mickey Shuey tracks the challenges of staging IndyCar’s first race in Washington, D.C. And Elissa Maudlin outlines the long-planned, pedestrian-friendly infrastructure upgrades now underway in downtown Noblesville.

Meet IBJ's 34th Forty Under 40 class, a group that includes leaders making an impact across business, government and the arts. Plus, Ossium Health Inc., founded in 2016 by CEO Kevin Caldwell and Chief Science Officer Erik Woods, has a goal to build a massive bank of bone marrow from deceased organ donors to to treat patients with blood cancers and improve organ transplantations. Reporter Daniel Bradley writes about how the San Francisco-based company's Indianapolis facility freezes bone marrow sourced from the spinal columns of organ donors age 7 to 55. Once the marrow is cryopreserved, it is usable for at least 25 years. Dave Lindquist has the scoop on a planned Mouratoglou Tennis Center — the latest location for a company founded by the coach of some of the world's best players — in Noblesville. And don't miss this month's Forefront, which features columns about health care costs from the Democrats seeking the 7th District congressional nomination.

Data centers that check certain boxes and bring in community investment are winning favor from Indianapolis economic development officials and city leaders but haven’t found footing among passionate, organized communities. After an attack on a city-county councilor related to his vote on a data center project, Taylor Wooten examines the disconnect. Also in this week’s issue, Dave Lindquist digs into Café Patachou’s plans to expand out of state. And Mickey Shuey looks ahead to how downtown will change between now and hosting the 2028 Women’s Final Four.

Phil Ray, the general manager of the towering JW Marriott, is going out with a bang as Indianapolis hosts its ninth Final Four. Heading into retirement, he holds court on how Indianapolis can remain a go-to location for major sporting events and conventions. Also in this week’s issue, Daniel Bradley digs into the strategy that has helped Carmel-based BSA LifeStructures become a leader in development of health care facilities. And Susan Orr delves into a lawsuit involving allegations of financial mismanagement at addiction treatment centers.

City leaders long have had high hopes for Lugar Plaza, the two-acre civic park immediately south of the City-County Building, but in recent years it has become a magnet for long-term loitering and drug and alcohol abuse. Taylor Wooten explains the city’s new strategy to refresh the plaza. Also in this week’s issue, Dave Lindquist explains how Lucas Oil Stadium became a reliable concert venue. And in Forefront, five Hoosier politicos suggest ways Indiana could increase voter participation.

Indiana’s largest life sciences companies and research universities are working to make the state an international leader in chemistry innovation by investing more than $100 million to recruit top scientific talent. Daniel Bradley has more on the Catalyst Scholars Fund. Also in this issue, Marek Mazurek explains how the state and the private sector hope to make progress on lowering the cost of child care. And Dave Lindquist previews the free (or low-cost) entertainment options available during the week of the Final Four.

The Indy Chamber is revving up a marketing campaign for the city that seeks to disperse the sense of Midwestern modesty that Indianapolis projects. Dave Lindquist details the plans for “Speed City.” Also in this week’s issue, Daniel Bradley digs into the singular career of Tim Coleman, who grew up in Indianapolis and became chief technology officer for Eli Lilly and Co. And Susan Orr reports that some employers are trying to tighten up their dress codes after letting then slide in the post-pandemic era.