Indianapolis Business Journal

JULY 15-21, 2013

Sponsorships are what make IndyCar run, and the open-wheel racing series has just been dealt a blow in its search for a new major sponsor. Anthony Schoettle reports that the executive in charge of corporate sales has resigned just as the series has entered the home stretch of the selling season. Kathleen McLaughlin has an update on Ball State University's new $4.6 million planetarium project, and charges from a contractor that the bidding process was rigged. And in Focus, Jeff Newman dials down in detail the massive process of building Westfield's Grand Park Sports Campus, turning 360 acres of undeveloped land into 57 sport fields.

Front PageBack to Top

Health tech startup aiming for fences

Flying under the radar for much of its existence, local health tech startup Inc. now thinks it’s ready to soar. The company, spun out last year from Zionsville-based Bostech Corp., is on pace to generate annual revenue of $10 million by year’s end. And it thinks business could triple next year.

Read More

Top StoriesBack to Top

Firm passed over for Ball State planetarium cries foul

Bowen Technovation President Jeff Bowen says the university unfairly favored his Florida-based competitor to install a sophisticated audio-visual system for its new planetarium, but Ball State maintains there was nothing wrong with its process for awarding the nearly $2 million contract.

Read More

Shelbyville sees spark of revival downtown

A homegrown revival in Shelbyville could gain serious momentum with redevelopment of the vacant First Methodist Building, one of the most prominent buildings on the circle. A California investor bought the five-story building in May and plans a $3.5 million renovation.

Read More

FocusBack to Top

Aging east-side shopping center to be redeveloped

A local developer has received city approval to rezone 10 acres at Fall Creek Parkway and East 56th Street as part of a plan to demolish a mostly vacant retail center and replace it with a 42,000-square-foot anchor grocery store and other shops.

Read More

OpinionBack to Top

KENNEDY: Equality economics hitting home

When it comes to the culture-war politics of same-sex marriage, our governor and legislators would be well advised to listen to Indiana’s business and corporate leadership and forgo their pious pandering to the shrinking number of Hoosiers spooked by social change.

Read More

Waltz changed emphasis of transit debate

Like Sen. Waltz, I will be serving on the legislative study committee dealing with the future of public transit for central Indiana. The committee has yet to meet and the senator had not shared his ideas with me, so I was interested in his thoughts [July 8]. He seems to have redefined our task.

Read More

In BriefBack to Top

Community tries to wring out another $100M

Community Health Network has already cut out more than $130 million in expenses since 2009, but it needs to cut more or find new revenue in order to offset rising levels of bad debt and charity care that have squeezed its profit margins.

Read More

FedEx drivers prepare for national competition

This year, 132 drivers from 46 states will compete in the company’s “Chairman’s Challenge Competition and Celebration,” which was scheduled for July 13-15 in the FedEx Express parking lot on South High School Road.

Read More