eTapestry, which makes software available to not-for-profit groups from its offices at Mount Comfort Airport in Hancock County, has been acquired by Blackbaud Inc., a Charleston, S.C., company that also specializes in software for nonprofits. The price of $24.8 million could increase as much as $1.5 million under a stock-based incentive. eTapestry stores fundraising information […]
Massachusetts-based Cape Air has scheduled a meeting Aug. 20 in Indianapolis with airport officials from Evansville and South Bend to discuss starting commuter flights between the two cities and Indianapolis. An official of Evansville Regional Airport told the Evansville Courier & Press that the planes used by Cape Air, nine-passenger Cesna 402s, would be ideal. […]
Noble Roman’s Inc. stock this year has been rising nearly as fast as its pizza dough, defying skeptics who’d written off the
long-ailing Indianapolis company. With a new business strategy built on franchising and dual-branded restaurants, Noble Roman’s
has seen quarter-to-quarter earnings increase for more than two years.
The Evansville-Vanderburgh Airport Authority Board plans to meet today to consider whether to approve commuter flights between Evansville and Indianapolis. Massachusetts-based Cape Air would launch five flights a day in nine-passenger Cessna 402 aircraft, according to the Evansville Courier & Press. The flights might begin in October. Today’s meeting follows a meeting last week among […]
The Evansville-Vanderburgh Airport Authority yesterday approved commuter flights to Indianapolis through the Massachusetts carrier service Cape Air. When the flights start, possibly in October, they will be the first flights between the cities in two years. Tickets for the flights on the nine-passenger Cessna 420s are likely to be $85 to $125, according to the […]
A distribution center operated by Next Day Gourmet at 1740 Stout Field Drive near Indianapolis International Airport is being closed, and the work sent to other warehouses, the company said today. Next Day Gourmet, which distributed restaurant equipment and supplies from the location, is owned by U.S. Food Service Inc. of Columbia, Md.
Two of the city’s largest and most visible construction projects so far have committed roughly $300 million in contracts to minority and women business owners-a healthy sum that has the owners meeting most of their obligations. The $1.1 billion midfield terminal at the Indianapolis International Airport and the $700 million Lucas Oil Stadium are on pace to be finished the second half of 2008. All told, that’s roughly $1.8 billion in construction contracts that ultimately will be awarded. With 80…
Todd Jameson knows how to get Hoosiers off the sofa. Up until two years ago, he was producer of the Indiana Flower and Patio Show and the Christmas Gift and Hobby Show-two of the most popular annual events in Indianapolis. But a dollar to a cholesterol-laden doughnut says his next gig will be his most difficult: getting some of the nation’s heaviest, most cigarette-addicted people off the couch and to the firstever Natural Living Expo, next January. Jameson figures the…
No environmentalist would mistake Indianapolis for the poster child of green building, but local designers and contractors are preparing themselves to capture a market they expect will become an integral piece of their portfolios. The Leadership in Energy and Environmental Design standard, better known as LEED, is a benchmark of sorts for designing, building and operating environmentally friendly buildings. At least 16 projects in the metropolitan area are seeking the LEED certification, but only one so far has achieved green…
A long-planned distribution park at Interstate 70 and State Road 39 in Hendricks County can go forward now that Lauth Property Group has closed on the purchase of 555 acres it has assembled at the northeast corner of the intersection. Lauth announced the closing today. As IBJ reported a year ago, Westpoint Business Park will […]
Jaron Garrett hasn’t developed anything like the 25-story tower he’s proposing. And he doesn’t come close to having the financial
muscle to pull off the $30 million project on his own. But Garrett is determined to sell his vision of transforming a downtown
eyesore at Washington and Pennsylvania streets into a twisting glass-and-steel apartment tower.
We don’t have to be obsessed with property taxes. All is not dreadful despite the clamor of some disaffected taxpayers. For example, La-Porte has two operating barbershops on the same street downtown. This warms the heart. Equally positive is finding an excellent housing stock in LaPorte, with many beautiful homes painted in a joyous, imaginative fashion. Can you believe the McDonald’s in Winamac opens at 4:30 a.m. and keeps its drive-through open 24 hours a day? That alone suggests a…
More than 18 months after flying out of a bankruptcy reorganization that unloaded $1 billion of debt and costly aircraft leases,
the parent of ATA Airlines still finds landing a profit elusive. Indianapolis-based Global Aero Logistics posted a loss of
$46.1 million in the first half of 2007, according to documents it filed with the Securities and Exchange Commission.
As Gov. Mitch Daniels travels to Japan this week in search of job commitments, he can take some comfort that, if the state fails to pull out of its static employment status, there’s always Michigan to point to. Not much is going well for Indiana’s northern neighbor. At a time most states are piling in […]
Plans abound to bring new health care facilities to Brownsburg, one of Hendricks County’s fast-growing towns. Some familiar
local names, such as OrthoIndy, St. Vincent Health and Clarian Health Partners, all have claims to land in the Brownsburg
area.
Midwestern cities are unlikely to top the list of vacationing hot spots, but they are a popular destination for relocating employees. That’s the consensus from the latest Corporate Relocation Survey conducted annually by Evansville-based Atlas World Group, whose largest subsidiary is Atlas Van Lines, the second-largest interstate motor carrier in the United States. The study revealed that nearly a third of firms, 29 percent, are sending more employees to the Midwest than any other part of the country. Surprisingly, the…
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Arvin Industries was once one of Columbus, Ind.’s largest employers and a corporate pillar in the southern Indiana city. But the auto parts maker that absorbed it in 2000 plans to shutter Arvin’s last presence there by the end of this year. Columbus Mayor Fred Armstrong was notified by e-mail this week that Michigan-based ArvinMeritor […]
The new Indianapolis airport has been in the news lately (thanks to plans for special foot basins for Muslim taxi drivers). We haven’t yet discussed the airport, so here’s your chance. The…
Officials for the Indiana Invaders track and running club and the city of Indianapolis announced yesterday that a championship cross-country course and training venue will be developed along the banks of the White River downtown. Ground was broken this week on the project, which is being financially supported by locally based retailer The Finish Line, […]
