APRIL 4-10, 2025
Old National Bank is working on a first-of-its-kind effort: the launch of an Indianapolis-based bank whose target customers are minorities and those underserved by traditional banks. Susan Orr reports on its progress so far. Also in this week’s issue, Daniel Bradley follows up on the still-unrealized plans by grocery chain Hy-Vee to open stores in Zionsville and Fishers, more than three years after they were announced. And Derek Schultz runs us through the $60.5 million overhaul of the Indianapolis Motor Speedway Museum.
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Modest legislative proposal aims to enhance Indiana tax credit
A bill that would tweak language from a 2022 law establishing a filmmaking tax credit might make the languishing credit more likely to attract productions and generate economic activity.
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New lender’s approach will be a first for state
Evansville-based Old National Bank is working on a first-of-its-kind effort: the launch of an Indiana-based bank whose target customers are minorities and those underserved by traditional banks.
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Q&A with JGA CEO Lee Ernst, who helps nonprofits raise money
Johnson Grossnickle & Associates helps as many as 65 nonprofit clients each year boost their relationships with donors and raise the money they need to achieve their missions.
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Three years later: Where’s Hy-Vee?
In 2022, Iowa-based Hy-Vee said it would build a pair of 150,000-square-foot stores in the suburbs north of Indianapolis: one in Zionsville and another in Fishers. The company hasn’t broken ground at either site.
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Derek Schultz: The $60.5 million overhaul of the IMS Museum is a spectacle unto itself
The place that celebrates the world’s greatest racetrack has a brand-new look inside and provides IMS entrants a vastly upgraded experience.
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Noblesville provides look at what major downtown project could look like
The first phase of the project will likely focus on Logan, Eighth and Ninth streets on the north, west and east sides of the historic Courthouse Square.
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Hendricks closing southern block of Circle Centre Mall as it preps for $300M first phase of revamp
The closure isn’t a signal that construction is formally underway. Rather, it allows the developer to conduct investigatory and pre-construction work, including a complete structural analysis.
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Fishers delays building roundabout at 116th and Allisonville until 2026
Construction at the busy intersection will be delayed to give time for work to be completed on other nearby major road projects.
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Advanced manufacturing training program is evolving to better prep workers for Industry 4.0
Conexus wants to move its Catapult programming on-site with manufacturers that want to hire Catapult graduates. And it plans to reduce its own role in the program.
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Conexus Indiana picks advanced manufacturing veteran as CEO
Indianapolis-based Conexus Indiana focuses on supporting and promoting Indiana’s advanced manufacturing and logistics sector.
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Editorial: Spartz willing to host town halls; other lawmakers should follow
But Indiana’s 5th District voters deserve representation in congressional committees, too.
Read MoreLesley Weidenbener: AI remains a small part of IBJ news gathering
I suspect that these questions and challenges are similar to those that some of you are facing at your own companies and organizations.
Read MoreMilena Djurakov: Help lower prescription drug costs—not raise them
While we all know the costs of prescription medications are sky-high and lawmakers’ efforts to lower prices are well-intentioned, SB 140 will result in higher health care costs for Hoosiers.
Read MoreStephen Luce: Indiana must address shortage of mental health beds
Without swift and decisive action, more Hoosiers struggling with mental illness and substance use disorders will not receive the treatment they desperately need and end up behind bars.
Read MoreGeorge Strobel II: Tax policy changes would put private investment at risk
Tax-equity-backed investments have expanded Indiana’s energy capacity by 185 megawatts, ensuring grid reliability and supporting lower electricity costs for businesses and residents.
Read MoreStephanie Sponsel: Braun proposal could be good for female entrepreneurs
House Bill 1172, which proposes establishing an Office of Entrepreneurship and Innovation, could provide targeted support to the kinds of businesses that drive much of Indiana’s economy.
Read MoreDavid Ober: Reforming, not limiting, prior authorization is way to go
Prior authorization serves an important purpose. It is one of the few tools to keep health care costs in check, ensuring that treatments are medically necessary and cost-effective.
Read MoreChristina Martin: Four ways to boost your business’s revenue
Here is a road map for determining how you can grow your business sustainably.
Read MoreCecil Bohanon and John Horowitz: Broader look at rent controls show how they hurt low-income residents
Economists have long pointed out that setting a price ceiling below the market clearing price will inevitably lead to product shortages.
Read MoreJalene Hahn: Getting health insurance isn’t just for your benefit
Insurance works on the principle of the Law of Large Numbers.
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Bakery cafe chain Paris Baguette targets Indy suburbs for new stores
Starting this year, the fast-growing international chain of French-inspired bakery cafes is looking to open at four suburban locations.
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Symphony on the Prairie’s 2025 lineup includes Grateful Dead tribute act
Dark Star Orchestra will replicate a set list played by the Grateful Dead during one of the band’s appearances at Deer Creek Music Center.
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Fishers District residential community sold to Virginia-based company
The upscale Slate at Fishers District was developed at a cost of about $63 million on 25 acres east of Ikea, with construction completed in May 2024.
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