JULY 21-27, 2014
Two friends have turned their enthusiasm for drones into a manufacturing operation projected to produce up to $10 million in revenue next year. IBJ's Dan Human has the story on AirDroids and its briefcase-sized Pocket Drone. Also this week, Andrea Davis profiles an Anderson-based financial planner who uses cookikng lessons to teach fiscal principles. And in A&E Etc., Lou Harry conducts an exit interview with Theatre on the Square's Ron Spencer, a foundational figure in local contemporary theater.
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Drone startup off to flying start
Two friends and drone enthusiasts in 2012 hatched the idea, as a side gig, to build flying devices small enough to fit in a briefcase. But the idea shifted to a full-scale manufacturing operation that will launch in mid-August and is projected to produce up to $10 million in revenue next year.
Read MoreHospitals’ occupancy declining over long term
Advances in non-invasive surgeries, changes in health care financing and now increasingly price-sensitive patients accelerate what has been a 40-year decline in the number of patients spending the night in hospitals.
Read MoreFormer newspaper editor now telling stories on screen
Documentary filmmaker Ted Green recently completed production of “Bobby Slick Leonard: Heart of a Hoosier,” a 90-minute documentary that will debut at Bankers Life Fieldhouse July 29.
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Suit tests INDOT policy of charging for highway repairs
A trucking company is challenging the Indiana Department of Transportation’s authority to sue for damage to state property, a lawsuit that could affect thousands of motorists and millions of dollars in revenue.
Read MoreHHGregg ready to dust off, ramp up Fine Lines concept
HHGregg's high-end-appliance Fine Lines stores are shifting into the spotlight as the struggling retailer looks for ways to offset declining consumer electronics sales.
Read MoreFinancial planner parlays meals for clients into money lessons
Joe Clark says the two things that seem to matter to people the most are food and money. He has found a way to combine the two, cooking for client families in their homes once or twice a month as he answers questions and gets to know them better.
Read MoreKite CEO ‘not afraid to continue to grow’
In an interview with IBJ, Kite Realty Group Trust CEO John Kite discusses the $1.2 billion acquisition of Illinois-based Inland Diversified Real Estate Trust, potential redevelopment of Pan Am Plaza and its hopes to keep a branch of the Indianapolis-Marion County Public Library at Glendale Town Center.
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Competition soars at Indianapolis-area airports
An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.
Read MoreWant to lease a Lamborghini in Indy? Good luck
There is little appetite for spending ‘stupid money’ in Indianapolis, or just about anywhere in the Midwest, for that matter.
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EDITORIAL: Hogsett could spark debate
Joe Hogsett’s July 14 announcement that he’ll step down as U.S. attorney for the Southern District of Indiana at the end of the month renewed speculation that he will run for mayor of Indianapolis next year. And to that prospect we can only say, bring it on
Read MoreMAURER: Bob Lauth persevered and won
Developer comes out on top after recession, legal battle with investor.
Read MoreBROWNING: How to fix Broad Ripple
It is a tragedy that the senseless shootings in Broad Ripple earlier this month might define one of the most important destination districts in Indianapolis.
Read MoreRUSTHOVEN: Lawsuit could rein in Obama overreach
Speaker John Boehner’s plans to have the House file a lawsuit challenging President Obama’s refusals to enforce federal laws has elicited predictable derision in liberal and media circles (which overlap on a Venn diagram).
Read MoreHicks: Falling state income tax revenue is bad omen
Nationally, from July through September 2013, growth in state income tax collections slowed appreciably. Only a few states were spared, and here in Indiana they actually shrank slightly, as they did in five other states.
Read MoreKim: Midterm election years challenging for stocks
A persistent seasonal anomaly for stocks is the “presidential cycle,” a pattern of performance coinciding with various years of a presidency.
Read MoreWFYI isn’t unbiased
Anthony Schoettle’s [June 23] article “Less news, more talk” bemoans the loss of Steve Simpson and states, “With Simpson’s departure, the only local station that still employs non-opinion-oriented news hosts is WFYI.”
Read MoreMore taxes to fund cops
The idea of more police is a great idea. However, the idea to take away the homestead exemption to fund it shows how out of touch the politicians are. Removing the exemption only places the onus on homeowners.
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City marshals $400,000 for Monument Circle events, projects
The city, National Endowment for the Arts and Central Indiana Community Foundation have contributed to the plan for expanding amenities, activities and attractions on the Circle.
Read MoreLilly reaches multiyear agreement to sponsor IMS race
The race, which takes place the day before the annual NASCAR Brickyard 400 race at IMS, will be called the Lilly Diabetes 250.
Read MoreSpec distribution center fully leased in Anson
A joint venture between developers Browning Investments Inc. and Duke Realty Corp. announced July 15 that Chattanoogo Tenn.-based Kenco, a third-party logistics provider, has taken the remaining 257,000 square feet.
Read MoreConvenience stores remount challenge to cold-beer laws
Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.
Read MoreEmmert paid $1.7 million as NCAA revenue increases
Monday’s tax filing comes as the NCAA faces unprecedented scrutiny, including a handful of lawsuits and an effort by Northwestern University football players to form college sports’ first player union.
Read MorePROXY CORNER: Vectren Corp.
Evansville-based Vectren Corp. provides electricity and natural gas to residential, commercial, industrial and other contract customers in Indiana and Ohio.
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