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Articles

Eli Lilly shares rise on Prevail acquisition, optimistic forecast

December 15, 2020 | Associated Press

Lilly stock climbed Tuesday after the drugmaker laid out a better-than-expected revenue forecast and plans to buy a young company developing a potential Parkinson’s disease treatment.

FDA authorizes first COVID-19 vaccine in bid to end surging pandemic

December 11, 2020 | Associated Press and IBJ Staff

The U.S. gave the final go-ahead Friday to the nation’s first COVID-19 vaccine, marking what could be the beginning of the end of an outbreak that has killed nearly 300,000 Americans.

COVID puts Legislature in fiscal vise in upcoming budget session

December 11, 2020 | Lindsey Erdody

Leaders promise K-12 education will be the top priority, but they also acknowledge that every line item in the spending plan is at risk of cuts.

Editorial: Marion County should give schools flexibility to bring students back

December 11, 2020

We have a special concern about students from low-income households, where internet connectivity could be spotty or nonexistent and where parents are more likely to be in jobs that are impossible to do from home.

2020 CFO of the Year: Camille “Camy” Broeker

December 11, 2020 | Tom Harton

Camille Broeker is responsible for the financial oversight of the IUPUI campus, including its $1.65 billion operating budget.

Una Osili: Data, funding can ensure fair vaccine distribution

December 11, 2020 | Una Osili

Countries will require comprehensive, timely and high-quality data to address the challenges of vaccine delivery effectively.

Dinner at Governor’s Residence, $25M land purchase helped snag Elanco HQ

December 11, 2020 | Mickey Shuey

The state’s pitch to keep Elanco Animal Health Inc. in Indiana for the long term began with a dinner at the Governor’s Residence two years ago.

Design: Black Christmas trees become trendy in 2020

December 9, 2020 | The Washington Post

With a still-raging pandemic, millions out of work and food pantries inundated, a black tree seems like the perfect symbol for our plagued 2020. But for black-tree lovers, it’s not a symbol at all. It’s a stylistic choice, one that devotees say is classic, glamorous and extremely versatile.

Major downtown office users reevaluating space needs, but pandemic’s impact still hard to gauge

December 8, 2020 | Mickey Shuey

Big tenants such as Rolls-Royce and Salesforce say they’re reevaluating their space needs as most of their local employees work remotely. Real estate experts say they’re unlikely to make decisions until after the pandemic subsides.

U.S. trade policies likely to soften after Biden becomes president

December 4, 2020 | Susan Orr

The incoming administration is widely expected to embrace a more multinational approach to U.S. trade policy, moving away from the “America first” strategy embraced by President Trump.

City-County Council plan would fight food access, insecurity issues

December 4, 2020 | Samm Quinn

Proposal 337 could move the needle forward on food insecurity and access problems by creating a structure that brings together and guides stakeholders already working on solutions.

Despite foreclosure, experts see bright future for The Shops at Perry Crossing

December 4, 2020 | Mickey Shuey

The shopping center—the 10th-largest in the Indianapolis area, at 600,200 square feet—was repossessed by its lender in October, after Memphis-based owner Poag Shopping Centers LLC defaulted on a $29.9 million loan balance in June. It’s the second foreclosure for the property, which used to be called Metropolis.

Editorial: Cook provides jobs—and an example

December 4, 2020

Inspired by the protests against racial inequality this summer, the Bloomington-based Cook Medical team began looking for a way to diversify and realized the company could help itself while helping others. And Cook officials want to share their playbook with others.

Combined state, local incentives for Elanco total at least $150M

December 4, 2020 | Lindsey Erdody

The total doesn’t include the value of the land the state will give to Elanco Animal Health for the project. Even so, the combined city and state package is possibly the largest amount of tax breaks ever considered for an economic development deal in Indiana.

No longer sleepy and small, Elanco marks transformation with new HQ

December 4, 2020 | John Russell

CEO Jeff Simmons said the company’s high-profile downtown Indianapolis headquarters will signal a cultural transformation at the company, which for most of its six decades of existence operated as a little-noticed subsidiary of Eli Lilly and Co.

Elanco to build $100 million HQ campus at former GM site downtown

December 4, 2020 | John Russell and Lesley Weidenbener

The state has offered at least $86 million in tax incentives, plus land for the project.

Nate Feltman: Spartz’s historic victory sends a positive message

December 3, 2020 | Nate Feltman

We embrace and support smart, hard-working people who want to engage civically no matter where they are from.

Owners of downtown towers plan $55M renovation, request $10M tax break

December 1, 2020 | Mickey Shuey

The Gold Building’s exterior overhaul is expected to completely replace the iconic gold panels with “crystal gray” panels from the third floor through the 20th.

Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant

December 1, 2020 | Samm Quinn

A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.

City-County Building

EDITORIAL: Lilly seized chance to be leader in global fight against COVID-19

November 27, 2020 | IBJ Staff

While efforts to create a COVID-19 vaccine have garnered the most headlines, Eli Lilly and Co. turned its attention to another critical need—helping those who contract the disease get better.

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