Indianapolis Business Journal

Anonymous million-dollar gifts are becoming more common in Indiana’s philanthropic community, which rings alarm bells for public interest groups fearing potential fraud or dark-money abuses. John Russell reports that state legislators could give another layer of privacy to donors. Also in this week’s issue, Susan Orr details the legal disputes between owners of downtown’s Pier 48 Fish House & Oyster Bar. And Peter Blanchard explains why supporters of higher speed limits for trucks in Indiana face a steep uphill climb.

Purdue University claimed five of the top 10 gifts last year made by individual donors to Indiana not-for-profits, totaling more than $70 million. John Russell has an exhaustive accounting of the 54 largest donations—and the benefactors—in Indiana in 2022. Also in this week’s issue, Mickey Shuey lays out the plans to pour at least $10 million into shoring up the overpasses by Union Station. And Dave Lindquist explains how former Indiana Fever star Tamika Catchings is growing as an entrepreneur, community leader and philanthropist.

Dr. Siva Nalabotu opened the first VetCheck Clinic in 2018 in Fishers with the novel approach of using an urgent-care model for pets. Daniel Bradley reports that VetCheck already is expanding nationwide with a franchising model. Also in this week’s issue, Peter Blanchard reports that an Indiana House member is reviving an effort to make changes to the business personal property tax that would give some small-business owners a windfall while reducing local government revenue. And John Russell details an effort by a group of physicians and business leaders to create a new medical school in Indiana with a focus on global health.

Ashley Flowers of Audiochuck already has become a major national player in podcasting with her chart-topping series “Crime Junkie.” Dave Lindquist reports that she’s now interested in also focusing on publishing, television and film opportunities. Also in this week’s issue, John Russell examines the sudden cooling of the SPAC craze, with many fledgling companies shutting down and returning money to investors while others trade well below their IPO prices. And Peter Blanchard reports that advocates of legalizing online casinos in Indiana have earned the backing of an up-and-coming lawmaker who has been tapped to chair the House Public Policy Committee.

IBJ reveals its list of 2022 newsmakers this week, a list topped by Purdue University President Mitch Daniels and Indiana University President Pamela Whitten. Eight other central Indiana leaders also made the list. Profiles of all 10 newsmakers are part of IBJ's The Book (formerly the Book of Lists), which was delivered with this week's mini-issue of IBJ. The Book also recounts the biggest stories of the year.

Could Indiana eliminate its individual income tax and still bring in enough money to pay for state government and schools? Would it boost the state's economy by attracting companies and workers? IBJ reporter Peter Blanchard explores the concepts as Indiana lawmakers pursue a blue-ribbon commission to study the state's tax structure. Also, an ice cream shop in the Mass Ave Cultural District is serving as a model for employing people with disabilities. And reporter Dave Lindquist talks to a young local artist who has drawn several pages of a Batman comic.

More than three years after Indiana lawmakers passed legislation to issue digital driver’s licenses, the effort to bring mobile credentials to Hoosiers appears to be stuck in neutral. Peter Blanchard reports that there’s no longer a timetable or even a cost projection for the program. Also in this week’s issue, John Russell features OPYS Physician Services, an Indianapolis firm that’s helping to meet the medical staffing demands created by physician burnout in rural areas. And Susan Orr has an ominous report from the frontlines of consumer behavior: Savings accounts are drying up and credit-card balances are again on the rise.

Simon Property Group is getting a leg up on the emerging trend of online-only retailers moving into brick-and-mortar stores, a strategy that analysts say could have a big payoff for the Indianapolis-based shopping mall giant as it looks to develop new tenants. Mickey Shuey has more on its partnership with Chicago-based Leap Services. Also in this week’s issue, Peter Blanchard has a preview of the 2023 Indiana Legislature and its four-month, budget-writing session. And Dave Lindquist connects with media mogul Jeff Smulyan about his new book, a career retrospective titled “Never Ride a Roller Coaster Upside Down.”

West-side business leaders had high hopes that the IndyGo rapid-transit line slated for Washington Street would usher in a wave of economic development and improved infrastructure. Now that the line has been partially rerouted, Taylor Wooten reports, local leaders fear they’ve missed out on a once-in-a generation opportunity. Also in this week’s paper, John Russell has the story of a diabetes medication that Eli Lilly and Co. abandoned 12 years ago that since has ben resurrected by another pharma firm and has become one of the hottest new drugs on the market. And Susan Orr reports on an effort at Purdue University to train policymakers, diplomats and more on the ethics of technology.

Shorthanded veterinary clinics are being slammed by the high number of pets acquired during the pandemic and a worsening shortage of workers, from support staff to veterinarians themselves. Taylor Wooten has the problematic prognosis for pet doctors. Also in this week's issue, Pete Blanchard explains how former Indiana Senate budget hawk Luke Kenley has become the leading proponent for boosting public health spending. And Daniel Bradley examines the shortage in affordable and workforce housing in Boone County as its population soars and local employers search for workers.

Indiana is at a critical juncture that demands practical strategies to help businesses find skilled employees, remove barriers for entry for workers and provide students with skills they’ll need to secure high-paying jobs. Peter Blanchard has more findings—plus the proposed solutions—from a report just released by the Governor’s Workforce Cabinet. Also in this week’s issue, Mickey Shuey reports on the exits of some retail tenants at Nora Plaza as its new owner, Kite Realty Group Trust, plans to revamp its offerings. And Dave Lindquist has the home-grown success story of Luciana’s Mexican Restaurant and Cantina, which has gone from one location to five in seven years, with a sixth on the way.

Nashville, Tennessee—a fellow NFL city that also has positioned its downtown for tourism—is on the brink of building a new football stadium downtown with a covered roof. Mickey Shuey tries to gauge the potential impact on Indianapolis of having a tougher competitor for some of the city’s bread-and-butter conventions and events business. Also in this week’s edition, Dave Lindquist reports on efforts to rescue an important chunk of Garfield Park’s history as a commerce center. And Susan Orr has the details from a legal tussle between members of an Indianapolis-based wealth management team and the international firm they departed to join a competitor.

Noblesville leaders expect a stretch of undeveloped agricultural land on the city’s southeast side to become Hamilton County’s next epicenter of innovation. Daniel Bradley has the details on Innovation Mile, 300- to 400-acre master-planned district where city planners hope to attract companies in the medical, tech, biosciences, pharmaceutical and advanced manufacturing sectors. Also in this week’s issue, John Russell delves into a trend sweeping the senior living industry: providing fewer services to residents, including doing away with daily meals and transportation, which can lower rent but also alienate residents who have relied on such services. And Susan Orr examines how IU researchers are developing virtual reality tools to aid in the treatment of substance abuse.

A large team of public officials and private partners is engaged in a high-stakes battle to land a big chunk of federal funding to establish northwest Indiana as one of a handful of hydrogen hubs planned around the country. IBJ’s Susan Orr explains why the most common element represents a major boon for the state. Also in this week’s issue, John Russell explains how an Indianapolis health equipment firm is trying to overhaul the way brain surgeons do their job. And we present the winner of this year’s Michael Carroll Award: Allison Melangton, who most folks know from running the Indianapolis host committee for the 2012 Super Bowl but who also has made major contributions across Indianapolis’ sports organizations for nearly 40 years.

Peter Blanchard reports that state officials are exploring the idea of tapping into the aquifer along the Wabash River in Tippecanoe County to meet the water demands of a new innovation district planned for Boone County. Experts say the concept is feasible, but execution would be very expensive. Also in this week’s issue, Dave Lindquist sheds light on the eclectic music venue and art space Healer that’s beginning to shed its reputation as one of the city’s best-kept secrets. And John Russell explains how the IU School of Medicine is using mouse brains to try to solve the riddle of Alzheimer’s disease.

Motorsports teams are expanding in central Indiana, not just to participate in IndyCar but other series as well. Three teams have announced a total of $250 million in investments, led by Andretti Autosport, which will build a $200 million global headquarters in Fishers. Plus, reporter Peter Blanchard takes a look at the secretary of state's race and why Democrats think they have a shot of winning their first statewide race in a decade. This week's issue also features our inaugural HR Impact award winners and Forefront, with plenty of pre-election analysis.

A growing number of elected officials, lobbyists and casino operators are pushing Indiana and other states to allow brick-and-mortar casinos to host interactive online gambling. Peter Blanchard looks at iGaming’s chances. Also in this week’s issue, John Russell reports on the fight between AES Indiana and customer groups over who will shoulder the $41.5 million related to a power outage at the Eagle Valley power plant in Martinsville. And Dave Lindquist has an in-depth interview with the new CEO of Newfields about the institution’s new emphasis on equity and serving all of city’s communities.

Indianapolis-based Point BioPharma Global is in an uncomfortable spot. While it has raised hundreds of millions of dollars to develop its pipeline of specialty drugs that target cancer, it’s still spending tens of millions of dollars a year trying to get its lead drug through trials and approved by the FDA. John Russell explains why another share offering recently spooked investors. Also in this week’s issue, Peter Blanchard takes a close look at Indiana’s U.S. Senate race between Republican incumbent Todd Young and Democrat Tom McDermott. And Susan Orr explains how Indianapolis is playing a key role in a Mexican company’s plans to disrupt the shrimp farming industry.