Indianapolis Business Journal

A decade ago, Eli Lilly and Co. struggled to release new drugs and maintain investor interest. Today, the company is literally worth more than all of the gold in Fort Knox as its stock price continually posts new highs and analysts praise its pipeline of drugs. John Russell explores what this means for the company and Indianapolis. Also in this week’s issue, John Russell reports that one of the top researchers at Indiana University School of Medicine has been recruited away from the institution and taken more than two dozen faculty, postdoctoral associates and IU staffers with him. And Susan Orr highlights the fight against fake online consumer reviews and how the Federal Trade Commission wants to get involved.

A month after bar and restaurant owners in Broad Ripple moved their weekend closing times up to 1 a.m., they say they’ve seen a significant reduction in violence in the village. Taylor Wooten examines the effectiveness of the curfew and other measures that business owners and police tried in the wake of a triple homicide. Also in this week’s issue, Dave Lindquist takes a deep dive into Lucas Oil Stadium’s negotiations and preparations to host Taylor Swift’s record-breaking Eras Tour next year. And Daniel Bradley has the latest on the plan from Conner Prairie to expand west across the White River and into Carmel.

Central Indiana has no lack of coffee shops, but out-of-state java purveyors believe there’s an unmet appetite for caffeinated beverages in public spaces. Dave Lindquist reports on the latest wave of coffeeshop chains opening stores in the Indy area. Also in this week’s issue, Susan Orr goes behind the scenes of the debut of Rally, a multimillion-dollar business conference intended to bring together entrepreneurs and investors. And Mickey Shuey sheds light on plans to turn the now-vacant John Marshall High School into a neighborhood services hub on the far-east side.

The town of Cicero is right on the shores of Morse Reservoir, but it might as well be 1,000 miles away. Daniel Bradley explains why the town must find underground sources of water if it wants to grow like its Hamilton County neighbors. Also in this week's issue, Taylor Wooten reports on a move by the Indianapolis City-County Council that could lead to the revitalization of the largely vacant Irvington Plaza shopping center. And Dave Lindquist profiles the in-demand videographer who’s responsible for much of what the rest of the nation sees of Indianapolis, via “Good Bones,” “Music in Transit” and documentaries.

This week's issue is packaged with IBJ Media's second annual Indiana 250. Plus, Mickey Shuey explains why the Imax Theatre at the Indiana State Museum is a special place to see the new movie "Oppenheimer" about the development of the atomic bomb. Taylor Wooten explores the city's new strategy for eliminating nuisance properties, and Sam Stall writes about how the Indiana Economic Development Corp. is trying to do more to help diverse small business owners.

In the last two years, the Indianapolis arts community has experienced head-spinning turnover at the top of some of its most prominent institutions, including Newfields, Indiana Repertory Theatre, Dance Kaleidoscope and Heartland Film. Dave Lindquist explores how leadership changes can affect an organization’s relationship with existing donors while potentially making inroads with new audiences. Also in this week’s issue, John Russell takes the temperature of Hamilton County’s Riverview Health hospital system, which is dealing with a flood of red ink and competition from larger health care systems. And Susan Orr checks in with Hoosiers who have federal students loans about their concerns as they prepare to restart payments.

Lawrence’s Democratic city councilors and its Republican mayor are locked in a bitter legal battle over the city’s 2022 budget. Reporter Taylor Wooten has the details. Also in this week’s issue, Peter Blanchard and Mickey Shuey report that state officials are considering using the massive LEAP Lebanon Innovation and Research District as a model for similar economic development projects across the state. And Susan Orr explains how Gleaners Food Bank of Indiana is adopting new technology to strengthen its strategy in the fight against hunger.

Indianapolis-based Eli Lilly and Co. is in the middle of a battle over the future of drug costs as Medicare begins to ramp up a program to negotiate prices with pharmaceutical companies and many in the industry try to derail it or change the terms. John Russell focuses on Lilly's objections to the program. Also in this week's issue, Susan Orr reports that Indianapolis-based Noble Roman’s is battling with one of its largest shareholders over whether its CEO should be replaced on the restaurant company’s board of directors. And Daniel Bradley previews the plan for a split-level roundabout at one of the busiest intersections in Hamilton County.

The Republican-dominated Legislature has given Indianapolis a way to raise money for downtown’s post-pandemic revitalization, but there appears to be little chance that Democratic city leaders will pursue it before the November city electon. Taylor Wooten and Peter Blanchard explain their reluctance. Also in this week’s issue, Dave Lindquist profiles the new CEO of Indiana Black Expo. And Greg Weaver reports that business executives are rethinking annual performance reviews and the frequency of employee feedback.

Who do you think is responsible when a hospital sends a patient’s diagnosis to the wrong person, and that person immediately posts the diagnosis on Facebook. IBJ’s John Russell has the details from a privacy case involving an Indianapolis resident that has made its way to the Indiana Supreme Court. Also in this week’s issue, Peter Blanchard explains how the state is investing in Warsaw, Indiana, in order to help preserve its critical mass of orthopedic device firms. And IBJ’s latest edition of the Corporate 100 ranks the largest public and private companies in the state.

Community leaders and volunteers are working to turn a site that was once a swimming hole for Black Indianapolis residents into a year-round destination for the Haughville area. Taylor Wooten reveals plans for Belmont Beach. Also in this week’s issue, Mickey Shuey examines why the city’s pro sports franchises invest heavily in local youth recreation programs. And John Russell outlines the battle plan for Eli Lilly and Co. as it pushes hard to get a sales edge on other drugmakers in the war against metastatic breast cancer.

Tucked into the two-year state budget approved this year is $89.5 million to design and build a 5,000-seat arena at IUPUI, which is soon to be the Indiana University-Indianapolis campus. IBJ reporter Mickey Shuey reports that it was the Indiana Sports Corp. and the city that sought the arena, not the school, and they hope it will be another reason sports organizations host their events in Indianapolis. Also, reporter Dave Lindquist explains what's new at the revamped Stutz complex downtown.

In the latest edition of IBJ’s Innovation Issue, our reporters focus on the core Hoosier industries of farming and food production. Susan Orr explains how the state is primed to reshape the agbioscience industry. Peter Blanchard expounds on four ways Purdue University is driving breakthroughs in agricultural science. And John Russell focuses on the growing demand for renewable energy crops. Plus, profiles of movers and shakers, including NanoBio Designs, Inari and True Essence.

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.

Some hoteliers are skeptical of the Hogsett administration’s plan to finance and own an 814-room hotel on Pan Am Plaza, saying it would have a significant and unfair advantage in the competition for convention business. As Mickey Shuey reports, the mayor’s office maintains that the deal is necessary to keep Indianapolis’ hospitality industry competitive. Also in this week’s paper, Dave Lindquist has a preview of VeeCon, the celebrity-studded convention set for May 18-20 that aims to put Indianapolis at the intersection of business, marketing and innovation. And you can soak in the stories of local entrepreneurs in IBJ’s annual list of the 25 fastest-growing companies in the Indianapolis area.

Indianapolis officials are trying to capitalize on construction of the $4.3 billion IU health hospital complex on downtown’s north side with a new tax-increment financing district that could spur more investment in the area. Mickey Shuey has more on the district, which was approved last month.  Peter Blanchard explains how the business community benefitted from this year’s legislative session through tax relief, tax credits and other financial incentives. And this week’s Focus section features a new technology that lets corn plants signal when they’re in distress.

As Indianapolis Mayor Joe Hogsett seeks a third term, he’s facing opposition from a faction of his own party for the Democratic nomination. Taylor Wooten outlines the choice primary voters face between Hogsett’s two-term record and the vision of state representative Robin Shackleford. Also in this week’s issue, John Russell explains how the Goodman Campbell Brain and Spine physician group has rebounded from its split from IU Health. And Dave Lindquist profiles science fiction and fantasy author Maurice Broaddus, who has been hired by Marvel Comics and publisher Smart Pop to write stories featuring the character Black Panther.

Most folks agree that the state can play a role in helping educate workers for high-skilled jobs and help employers find the right fits for their workforces. But, as Peter Blanchard reports, Indiana legislators have hit some walls as they debate the best ways to do it. Also in this week’s issue, Daniel Bradley outlines the plan to build high-end housing for Purdue University’s retired alumni right on the school’s campus. And we introduce you to the members of IBJ’s Forty Under 40 Class of 2023, our 31^st annual collection of young-but-accomplished business, community and not-for-profit leaders.