MAY 8-14, 2025
Veterans could see major investments in their medical care in central Indiana if Congressnapproves more than $2 billion earmarked for a new hospital in Indianapolis and outpatient facility in Fishers. IBJ’s Mickey Shuey has more on the plan for the new facilities. Also in this week’s issue, Elissa Maudlin lays out a new plan from Carmel to upgrade the massive parking lots along U.S. 31. And Dave Lindquist reports on the growth of a new sport born 25 years ago in a parking lot for Indianapolis Motor Speedway.
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Congress considers $2.1B to replace nearly 75-year-old Roudebush, add med center in Fishers
The plan to develop the new facilities has become a priority for state leaders and Indiana’s congressional contingent.
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Fowling, a sport born at Indy 500, now does business in seven cities
Fowling, a sort of cross between bowling and football, was born 25 years ago this month in a grassy parking lot northwest of Indianapolis Motor Speedway.
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Q&A: RJL Solutions founder Rachel Leslie talks about building success
The lobbying firm founded less than a decade ago is now one of the most well-represented lobbying firms at the Indiana Statehouse. From the initial Terre Haute office space, RJL has grown to include offices in Indianapolis, Evansville and Washington, D.C.
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Carmel unveils redevelopment ideas for U.S. 31
For U.S. 31, renderings of design concepts show activated storefronts, pedestrian trails and sitting areas with green space planted right outside of office buildings. Tables with umbrellas, string lights and shrubs are also meant to encourage that pedestrian traffic.
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Upgraded $60M recycling facility plays key role in Indy’s universal curbside plan
In 2012, WM had just 30 optical sorters across 100 facilities, he said. The Indianapolis facility alone has 13.
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Mark Montieth: Pacers hope fortune finally favors them
It promises to be one of the most dramatic moments in franchise history, fraught with tension and significance.
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Indianapolis to host national NRA conventions in 2029, 2031
Each of the events is expected to draw more than 70,000 visitors and generate $26.4 million for the city’s economy.
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Lilly announces additional $4.5B investment at LEAP District manufacturing site
Lilly’s latest commitment at the LEAP District brings the company’s total investment there since 2022 to $18 billion.
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Simons scoop up another property along downtown’s South Meridian entertainment corridor
The building is on the same block as planned Simon-backed developments for a Ritz-Carlton hotel, Live Nation music venue and Ole Red bar, restaurant and country music hall.
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Corteva still mulling post-split headquarters decisions
Indianapolis-based agricultural giant Corteva, which plans to separate into two independent companies, said it hasn’t yet decided where the companies will be based.
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Users say AI financial tools complement but don’t replace human advisers
Some people use artificial intelligence to help them manage their financial lives, including monitoring their existing investments, constructing a stock portfolio, helping craft budgets and analyzing monthly spending habits.
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Editorial: Suspending gas taxes provides welcome help amid rising prices
On Wednesday, AAA reported the average price per gallon in Indiana as $4.755, nearly 22 cents higher than the national average.
Read MoreMitch Frazier: SNAP’s move to Indy could be just the start
While details — including the number of jobs — have yet to be announced, the news positions Indianapolis as a potential cornerstone of the future of the agency,
Read MoreRob Gerbitz: How great urban neighborhoods actually get built
At Bottleworks District and across our work in Indianapolis, we are focused on building environments that work economically, socially and for decades to come.
Read MoreJoe Maloney: Banning common gambling wager types is a foolish bet
Policymakers should pause and consider a critical question: Will narrowing the legal product truly enhance integrity — or will it undermine it?
Read MorePete the Planner: A plan isn’t a plan if you don’t understand it
I’ve seen plenty of financial plans built primarily on life insurance schemes that worked beautifully.
Read MoreTiffany Sauder: Start treating time like a valuable resource with a price
Here’s a question most high-performing people have never seriously asked themselves: What is your hourly rate?
Read MoreCecil Bohanon and John Horowitz: Cash-flow incentive: There’s no such thing as free air
Cash flow gives for-pay operators a stronger incentive to keep air machines operational.
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Coca-Cola Consolidated plans $35M expansion at Indianapolis facility
The new line will be specifically for bottling beverages in glass bottles, which Coca-Cola said will make the facility one of only three in the nation to do so.
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Cummins to close Whitestown distribution facility with 59 employees
Cummins said it “was strategically aligning its distribution network following the opening of the Indianapolis Distribution Center in Whiteland, Indiana, and the Chicago Regional Distribution Center.”
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JetBlue adds Indianapolis International to its flight list
JetBlue has stepped in to fill voids left by the collapse of Spirit Airlines, which ceased flights over the weekend.
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Fast 25: St. Elmo Steak House owner says key is ensuring ‘growth never outpaces the standards’
Over the past 20 years, Craig Huse has opened eight restaurants that employ 900 people; created new brands of bottled sauces, seasonings and cocktails that are sold in 40 states; and helped found Devour Indy.
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Fast 25: RISE Commercial District
RISE continues to meet a growing need for co-warehousing space where small businesses, Fortune 500 companies and everyone in between can lease space.
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Fast 25: Indiana Orthopedic Institute
Indiana Orthopedic Institute officially launched in August 2022, starting with Dr. Michael Meneghini, his staff and an anesthesiologist.
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Fast 25: Flora Legal Group
Inititally, Flora practiced “door law” — whatever walks in your door, that’s the kind of law you do.
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Fast 25: Remodel Health
Remodel Health helps employers transition from traditional group health insurance to an individual coverage health reimbursement arrangement.
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Fast 25: MO Strategies Inc.
MO’s recent successes include multiple victories that came out of the “Big Beautiful Bill” funding legislation Congress passed in 2025.
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Fast 25: Koola Logistics
The company was helped in March 2023 when it received approval from the Indiana Economic Development Corp. for $4.25 million in conditional tax credits to expand its payroll to 250 by the end of this year.
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Fast 25: Essence Group LLC
Essence Group, a commercial electrical contractor making its first appearance on the Fast 25, is an electrical company co-owned and started in 2022 by David and Lauren Stuck.
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Fast 25: Indy Grills
Michael Shannon and his business partner, Bill Michalak, started Indy Grills in late 2020, building small patios in Michalak’s basement.
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Fast 25: Garmong Construction
Garmong Construction is a Fast 25 company for the fourth time — and for the first time in four years.
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Fast 25: iSolutions Payments LLC
iSolutions is on the Fast 25 list for the second consecutive year.
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Fast 25: CKM Enterprises LLC
Office Pride of Greater Indy, Kokomo and Muncie returns to the Fast 25 for a second straight year.
Read More Carmel unveils redevelopment ideas for U.S. 31
For U.S. 31, renderings of design concepts show activated storefronts, pedestrian trails and sitting areas with green space planted right outside of office buildings. Tables with umbrellas, string lights and shrubs are also meant to encourage that pedestrian traffic.
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Fast 25: Build BW LLC
Build BW, a construction, development and facility-management business, is a first-time Fast 25 company.
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Fast 25: Brite Systems
Brite Systems President Leena Victoria and her husband, CEO Jay Fernando, began their careers as software programmers, building a foundation in managing and implementing information technology projects.
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Fast 25: Hallmark Homes Inc.
Hallmark Homes, which was founded in 1992, calls itself “one of the largest, on-your-lot custom home builders in the Midwest.”
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Fast 25: Patterson Horth Inc.
Construction-services company Patterson Horth makes its Fast 25 debut.
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Fast 25: WellBridge Surgical
WellBridge Surgical makes the Fast 25 list for the second consecutive year
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Fast 25: Inherent Commercial LLC
After two years at No. 1 on the Fast 25, construction-management/general contractor Inherent Commercial is No. 18 this year.
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Fast 25: Gaylor Electric Inc.
Gaylor Electric President Jim Crews said it’s not unusual for the company to have 300 to 400 electricians on a job site.
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Fast 25: James Babcock Inc.
Electrical and communications contractor James Babcock Inc. returns to the Fast 25 for a second consecutive year.
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Fast 25: Lancer Associates Inc.
Lancer Associates works in the K-12 schools market, as well as restaurants, apartments, mixed-use and senior living.
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Fast 25: Gradex Inc.
Gradex is a second-generation, family-owned, heavy civil contractor that does large-scale excavation, underground utilities and site development.
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Fast 25: Force Tech
A.J. Fager started Force Tech in 2009 with $1,000 and space in an apartment garage in Greenfield.
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