MAY 19-25, 2023
India-based tech giant Infosys lit up Indianapolis like a fireworks show in 2018, spotlighting plans for a $245 million, 141-acre campus and jobs for 3,000 local employees. As IBJ’s Susan Orr reports, the reality five years later is considerably dimmer. Also in this week’s issue, Mickey Shuey unpacks the economics of buying corporate suites at Indianapolis Motor Speedway, including the costs to suite holders and the potential returns. And John Russell examines the possible ramifications of a new state law that aims to help Hoosiers get more affordable prescription drugs.
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What happened to Infosys’ big plans for Indianapolis?
The India-based tech giant broke ground 4-1/2 years ago on what it said would eventually be a $245 million, 141-acre campus. Today, Infosys appears far from achieving that vision—and it’s unclear when, or if, it ever will.
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Fishers family navigates business side of auto racing
Al Morey IV competes for Indianapolis-based Jay Howard Driver Development in the USF2000 Championship series.
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Businesses fork over thousands for IMS suites
For some fans, nothing beats watching the Indianapolis 500 surrounded by friends, business clients and co-workers from inside one of the 116 suites outside of Turn 2 and in several spots along the front straightaway.
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Can new Indiana law lower drug costs? Answer is as clear as mud
Senate Enrolled Act 8 is part of a sweeping effort this year by the Indiana General Assembly to bring down the cost of health care across the state, where prices are among the highest in the country.
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C.W. Mundy receives top accolade for landscape artists
This weekend, he will receive the lifetime achievement award from PleinAir Magazine at Denver’s Plein Air Convention & Expo.
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Mark Montieth: Kanaan family all in on public-school commitment
Kanaan and his wife, Lauren, consider themselves nothing special amid the parents whose kids attend the same elementary school as Deco, a second-grader, and Max, who is in kindergarten.
Read MoreIndiana 250: Frank Basile
Frank Basile is one of Indianapolis’ premier philanthropists. He retired in 2008 from a 33-year career with Gene B. Glick Co., where he was senior vice president. Since retiring, he’s served as board chair or president of 11 not-for-profits and is on the board of eight, including the Arts Council of Indianapolis, Phoenix Theatre and […]
Read MoreMade in Indiana: Apple butter and preserves by Dillman Farm
Company history: In 1970, Carl Dillman and his wife, Sue, began selling oven-baked apple butter to the former Colonial Room Restaurant in Brown County. Carl delivered the apple butter jars to the eatery while driving his milk route for Bloomington-based Johnson’s Creamery, where he worked for 37 years. As demand grew for the apple butter, the […]
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Cook Medical cutting 500 jobs as part of strategic refocusing
The Bloomington-based maker of medical devices said the move is part of a new plan to strongly focus on product innovation.
Read MoreCity’s mental health crisis response teams to launch this summer
Four clinician-led teams will be available to respond to mental health crises in the downtown district of the Indianapolis Metropolitan Police Department as early as July.
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Developer planning $15M building to fill final space at Fishers business park
Two companies, Certus Medical LLC and Radiological Care Services LLC, plan to occupy 50,000 square feet in the 100,000-square-foot building.
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Indy’s landmark Pyramids are undergoing a facelift
KennMar is investing millions of dollars to remodel and refurbish the office park. The company declined to give a precise price tag for the project but acknowledged it is a little shy of the original $12 million it cost to build the complex more than 50 years ago.
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Developer breaks ground on 30-acre senior living community in Noblesville
Plans call for Promenade Trails to include 151 apartments and 59 for-rent cottages for people ages 55 and older. The first cottage residents are expected to begin moving in later this year.
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Morgan County moving ahead with $72M court campus
Morgan County officials say the existing courthouse, built in 1857, lacks sufficient space for court employees, including prosecutor and probation offices, which are located off-site.
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Editorial: Clinician-led mental health teams are positive step for those in crisis
For too long, police have been the first responders not just when a crime has been committed but also when people are generally in distress.
Read MoreNate Feltman: Creating the Bill Oesterle Courage in Business Award
Bill built businesses and courageously fought for a more prosperous Indiana. In his honor, IBJ is creating an award to honor those that follow Bill’s example.
Read MoreViewpoint: City-owned hotel is bold move befitting Indianapolis
The CIB’s Andy Mallon, Visit Indy’s Leonard Hoops, Indiana Sports Corp.’s Patrick Talty, Arts Council of Indiana’s Julie Goodman, Indy Hub’s Al Carroll and Downtown Indy’s Taylor Schaffer join Mayor Joe Hogsett in
Read MoreJefferson Shreve: When no one will invest, there’s always a reason
Assertions that this project is like the Hoosier Dome or Circle Centre Mall are simply false. Those were stand-alone city assets without competitors.
Read MoreMandy Haskett: Here’s what you should be doing for your Gen Z workers
Gen Z workers, more than the millennial demographic cohort preceding them, seem to be particularly head-scratching for older workers—earning a reputation for their unwillingness to work and their high, “woke” demands.
Read MoreMickey Kim and Roger Lee: Debt-ceiling brinksmanship is the ‘sword of Damocles’
To gain a better understanding of the debt ceiling, think of the federal government as your spendthrift friend who, despite best intentions, consistently spends more than he earns.
Read MoreCecil Bohanon and John Horowitz: Oesterle’s relentless spirit is a lesson to us all
In February 2022, Bill spoke to the student-led Ball State Economics Club. Bill gave us an inside view into the growth, challenges and ultimate triumph of Angie’s List (now called Angi), the company he co-founded.
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Salvador Dali imagery to be displayed at Newfields’ Lume in 2024
The Dali exhibition and a Van Gogh encore were announced during the annual meeting for the 140-year-old museum.
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Fishers City Council approves $50 parking fee for nonresidents at Geist Waterfront Park
The city council voted 7-2 to approve the $50 parking fee, with Democratic council members Jocelyn Vare and Crystal Neumann voting against the ordinance.
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Bond Bank executive to take over as city controller
Sarah Riordan’s appointment was one of several staffing changes announced Monday by Indianapolis Mayor Joe Hogsett.
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Noblesville-based Helmer Scientific acquired by Trane Technologies
Helmer Scientific, which makes temperature-controlled storage equipment for hospitals, labs, blood banks, and pharmacies, was founded in Noblesville in 1977 and has more than 400 employees.
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Central Indiana existing-home sales fall for 15th straight month
Homes are spending much more time on the market than they did a year ago, but median prices are still on the rise.
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