JULY 20-26, 2015
In this week's issue, we present two big features dedicated to up-and-comers. Jared Council holds a summit for eight of the city’s youngest business leaders as they discuss skipping the corporate ladder and jumping head-first into entrepreneurism. And the Focus section is devoted to IBJ’s exclusive ranking of the city’s 25 fastest growing companies, with profiles of the firms you’ll be hearing from again in the future.
Front PageBack to Top
Eight young, powerful execs show what’s next for Indy tech
All have led some of the most promising companies and organizations in the city’s burgeoning tech space for at least three years—bootstrapping and collectively raising more than $12 million in venture capital and employing about 150 people along the way.
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Indiana’s Jeff Gordon set to take final laps around Brickyard
The five-time Brickyard 400 champion’s upcoming retirement is boosting this year’s ticket sales, but presents a long-term challenge for the Indianapolis Motor Speedway.
Read MoreTop StoriesBack to Top
Ambitious development plans start to take root near Lucas Oil Stadium
Emboldened by the proposed development of a Marriott hotel, and prospects for another new hotel, the group that promotes downtown’s south side is beginning to lay the groundwork to transform the largely ignored area into a destination.
Read MoreSuit over Simon tactics details Ann Taylor arm-twisting
New York-based Ann Taylor has provided nearly 30,000 pages of documents in response to discovery requests related to why it signed a lease in 2006 to open a Loft store in a competitor's shopping center, only to reverse itself two years later and instead open at Simon Property Group's nearby University Park Mall.
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St. Vincent to dangle health insurance deal to employers
The hospital system and a partner company have started meeting with health insurance brokers to pitch a program to save employers money by keeping workers and their families healthier.
Read MoreVacant IPS buildings draw bids from developers
Five of the six buildings that Indianapolis Public Schools put on the block last month have attracted offers, with bidders appearing to lean toward renovating several as apartments.
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Statehouse veteran Weidenbener to become IBJ managing editor
Lesley Weidenbener, executive editor of The Statehouse File for four years, will succeed Cory Schouten, who was selected for a fellowship at the Columbia University Graduate School of Journalism in New York City.
Read MoreFocusBack to Top
FAST 25: IBJ’s exclusive list of fastest-growing companies
IBJ ranks the fastest-growing firms in the Indianapolis area, hitting sectors from construction to cybersecurity. The common thread: impressive 3-year revenue growth.
Read MoreOpinionBack to Top
EDITORIAL: Everyone wins in hotel venture
What could benefit human-services agencies and their clients more than to bring those clients into the goods-and-services-producing, wage-paying work force?
Read MoreMAURER: Restaurateur Hoover making a difference
Founder of Patachou restaurants puts her success to work for employees, others.
Read MoreRUSTHOVEN: Obama’s Iran deal opens Pandora’s Box
Among other things, Obama's deal with Tehran lifts economic sanctions and the arms embargo; yields over $100 billion for the leading state-sponsor of terrorism; and allows it nuclear weapons in 15 years.
Read MoreHUNT: A mea culpa over sale of Arvin Industries
The lesson here is that even a fully negotiated merger agreement is often overridden after closing by the board and management of the merged entity.
Read MoreKIM: External shocks to stocks are usually short-lived
The U.S. stock market has historically rebounded well and quickly from bad world news.
Read MoreBOHANON & STYRING: Expect additional acts in Greek debt drama
In recent days, the tug of war between economic interest and other human passions have played out in the dance between Greece and its eurozone creditors.
Read MoreWhat does ranking say about Hoosiers?
I don’t want to live in a state where creative and forward-thinking innovators don’t pursue entrepreneurship because of the challenges and the fear of not finding mentors, partners or colleagues to help them survive and flourish.
Read MoreIn BriefBack to Top
Indy’s director of development leaving for IU gig
Adam Thies will leave the position he’s held since 2012 to join the university as its assistant vice president for capital planning and facilities. Thies starts his new job Aug. 17.
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NCAA must pay $46 million in legal fees in O’Bannon lawsuit
Judge Nathanael Cousins cited the “Game of Thrones” series in awarding the fees and costs to the attorneys who represented Ed O’Bannon, the former UCLA basketball player who challenged the NCAA’s rule restricting athlete compensation in a 2009 lawsuit.
Read MoreState helps city lock up FFA convention until 2024
Indianapolis will host the National FFA Convention & Expo every year from 2016 to 2024 under an agreement to be announced Wednesday morning by state and local officials.
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IT firm nails down $18M investment, eyes new HQ and IPO
Indianapolis-based Scale Computing Inc. has raised another $18 million in venture capital that CEO Jeff Ready expects will allow it to hire more employees, potentially move downtown and become profitable.
Read MorePackaging company seeks tax breaks for local plant
A Louisville-based manufacturer of corrugated boxes and other packing supplies is seeking a tax abatement from the city to help it open a local plant and distribution center that would hire 60 workers over the next two years.
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