Arizona residents’ willingness to pay higher taxes may have a strong impact on Indianapolis’ effort to land the 2012 Super Bowl. Funding from Arizona’s corporate community paid for 80 percent of the host city’s Super Bowl bill this year. But…
It could be another Prozac moment. Eli Lilly and Co. is pitching its next star antidepressant drug, Cymbalta, for approval to treat the poorly understood pain of fibromyalgia. Regulators OK’d a drug specifically for fibromyalgia for the first time in June. The approval of Pfizer Inc.’s Lyrica sparked hope in fibromyalgia patients and advocates that more doctors will come to understand and diagnose the tricky condition, now that they have a medicine to treat it. That’s what happened 20 years…
Three months after launching an initiative to boost drug-development firms in Indiana, officials at BioCrossroads have written
a report that attempts to show in detail the vast market opportunity they see.
The first investment by Clarian Health Ventures is in an Indianapolis startup that is developing technology for spotting cancer cells. The new fund started by Clarian joined four other venture firms in pumping $6.25 million into CS-Keys Inc. CS-Keys was launched by Indiana University School of Medicine researchers. Leading the investment was Triathlon Medical Ventures, […]
Mayor Greg Ballard says the status quo isn’t good enough anymore when it comes to educating Indianapolis children. So heis
proposing what he’s calling a big, bold idea in education: Provide help to every student who needs it, not just the ones who
ask for it.
The Indianapolis area didn’t experience a monster-size business transaction in 2007 like it has in recent years, but that doesn’t mean the deal-makers weren’t busy. IBJ’s annual list of Big Deals tracked more large business transactions involving Indianapolis-area companies than ever before in 2007, even though the total dollar amount of the deals was dramatically lower than the previous year’s. Deals compiled by the Indianapolis Business Journal that closed in 2007 totaled $23.4 billion, well below the $38.5 billion posted…
Removing a post-retirement health plan for retirees would amount to breaking a “solemn promise,” a former top executive of Indianapolis Power and Light once told state regulators. A dozen years later, those words are coming back to haunt the utility in a case before the Indiana Utility Regulatory Commission that seeks to force IPL to pay up to $115 million to back-fund a retirement plan it spun off in 2001. The complaint, filed in November, also demands that IPL resume…
Central Indiana Corporate Partnership CEO Mark Miles will lead the city’s attempt to land the Super Bowl in 2012, according to a source familiar with the matter. The announcement of Miles’ selection is expected this week. The source, who asked not to be named, said Miles will oversee initial research as well as assembling the […]
Indianapolis Mayor Greg Ballard this week plans to name a point person to head the city’s bid for the 2012 Super Bowl. Ballard spokeman Marcus Barlow said today the mayor’s office has moved forward and that other leaders are falling into place. John Lechleiter, who will become CEO of Eli Lilly and Co. in April, […]
I am a huge fan of the Discovery Channel TV show “Dirty Jobs with Mike Rowe.” I don’t get to watch if often. “SpongeBob SquarePants” dominates the Hicks household. But when I do, I revel in the host’s exploits in some of the nastiest jobs imaginable. But I think there’s one job I am more afraid of than anything I’ve seen on his show. There’s no amount of money that could make me a state legislator during a fiscal crisis….
On the presidential campaign trail these past few weeks, the dominant exit-polling insight seems to be that Americans are hungry for change. Voters have told interviewers they’re weary of the direction we’re headed, tired of the politics of the past and eager to forego the status quo. And so the presidential candidates, Republican and Democrat alike, have jumped on the change bandwagon, ridden it from Iowa to New Hampshire, and tried to explain why they’ve been, are, or could be…
Almost two years after opening, the Conrad Indianapolis hasn’t received a Mobil Travel Guide review, and its four-diamond
AAA ranking puts it on par with five other Indianapolis hotels–most of which target conventioneers and business travelers.
A new study suggests a large percentage of the region’s not-for-profits still struggle with inadequate technology that undermines productivity, invites security breaches and hinders their community outreach potential. NPower Indiana, a not-for-profit that provides low-cost technology consulting and services in central Indiana, studied 34 local not-for-profits under a grant from Verizon Foundation and Anthem Foundation. It found that 85 percent are “constrained by outdated PCs or operating systems, which can seriously affect their system’s stability, efficiency and ability to run…
Lawmakers had their individual and collective eyes opened last summer by scores of organized and impromptu property tax rallies across Indiana. While many who carried a sign, marched in the streets, or wrote a letter to the editor about the situation simply thought their individual taxes were too high, a good number of them (and several of the organizers of such events) had a special goal: the elimination of property taxes. Even after the municipal elections woke up the few…
Here’s a political hot potato that so far has received little discussion in the rancorous debate over property-tax reform:
Should the enormous costs of helping impoverished Hoosiers continue to be funded county by county, or spread to taxpayers
statewide?
A local not-for-profit has received a $1 million grant to help keep college kids safe from fires, some of which are set as pranks. The People’s Burn Foundation will begin pilot testing a DVD video on fire prevention and mail a final version to nearly 5,000 colleges and 38,000 fire departments, starting in April. The video was funded largely by a $1 million grant from the U.S. Department of Homeland Security. It’s the latest in a string of grants received…
When Marian College asked racecar driver Michael Crawford to help launch the school’s entrepreneur-in-residence program and mentor students about realworld business, he wasn’t sure if it was such a great idea. “My hesitation was I didn’t want to pursue it right away,” Crawford said. “What happens if I go out of business? That would be embarrassing.” But he decided to do it because he believes his experience as an entrepreneur is more realistic than anything the students will read about…
“… Frankly, if it comes down to another piece of art or another cop on the street, that’s not a close call.”
So said Greg Ballard in a post-election interview with IBJ.
With Ballard now officially on the job as mayor of…
The money is seductive: an “easy” $1.6 billion. That’s what gambling brought to Indiana in taxes this year. The prize might not be as big in 2008. There’s new competition. And a big drop in gambling revenue would spoil the negotiations that all the nervous Indiana politicians have been doing. Their jobs are on the line, and they know it. Hoosiers are embarrassed. They don’t like that. I have a beautiful picture of two of my children standing inside the…
The owner of two riverboat casinos in Gary is talking with a state legislator about moving one of his two state gaming licenses to Steuben County in northeastern Indiana, according to The Times of Munster. Majestic Star owner Don Barden said the area near Michigan and Ohio is “underserved” for gamblers. The mayor of Gary, […]
