The abrupt slowdown in merger-and-acquisition activity shouldn’t be confused with a poor economy, say some Indiana professionals who specialize in the work. Aside from a few hard-hit industries such as housing and retail, most sectors of the economy are fairly healthy, the observers say. And many think the low point of the economic downturn might […]
There are many things I do not understand. I don’t understand why a golf gallery must remain “pin-drop” silent while a person hits a ball that sits stationary on a tee, yet fans can scream at the top of their lungs while a batter tries to hit a ball coming toward him at 95 miles per hour. I also don’t understand how economists take massive amounts of conflicting economic data, input the statistics into a model, and, presto, out comes…
The roof has closed for the first time on Lucas Oil Stadium, and we now have a timetable for the demolition of its predecessor, the RCA Dome. Its last general event, the Fire Department Instructors Conference, has come and gone, as has its last sporting event, Supercross. Bit by bit, its innards are being dismantled. The pace will quicken throughout the summer. In August, the Teflon dome will disappear from the city skyline and shortly thereafter, the walls and the…
Escalating demand for corporate entertainment space during Indianapolis Colts home games has team owner Jim Irsay wondering whether Lucas Oil Stadium should have been built with more luxury suites. “Quite frankly, I wish we built 30 or 40 more suites,” Irsay told IBJ during a recent interview. There’s good reason to think the Colts have outgrown the stadium-even though it’s still four months from completion. The Colts long ago sold all 142 suites for the venue, and have a waiting…
Far from the typical rubber-chicken fund-raiser attended mostly by board members and their friends–Zoobilation, the 22-year-old,
annual black-tie fund-raiser for the Indianapolis Zoo–attracts 4,300 ticket holders eager to spend an evening wining and
dining at the zoo.
Small Towns, Big Business Hospitals mixed bag for rural economies WILLIAMSPORT-To see the economic impact hospitals have on Indiana, this town of 1,900-which boasts its county’s only stoplight-provides a good view. The 16-bed St. Vincent Williamsport Hospital is the fourthlargest employer in Warren County, where Williamsport is the seat, and pays wages that are 60 […]
Around Indiana, hospitals continue to grow and add workers, increasing their role as an economic driver to the state’s economy.
But health care reformers say hospital growth has a double edge, as higher health care costs dampen growth prospects for other
Indiana employers and their workers.
This month’s merger of the law firm Sommer Barnard PC into Cincinnatibased Taft Stettinius & Hollister LLP likely will cause salaries for starting lawyers to escalate citywide. That’s because, starting June 1, Taft plans to pay its first-year associates here $107,500-more than the $100,000 firstyear associates currently make at the highest-paying Indianapolis firms. If history is any indication, the topthree Indianapolis firms of Ice Miller LLP, Baker & Daniels LLP and Barnes & Thornburg LLP, and likely a few others,…
The clock is running out on plans to build the Indiana Museum of African American History in White River State Park, but the
ambitious project may find a new home on nearby Indiana Avenue. Less than two weeks before the museum’s option on a two-acre
parcel of park land expires, backers were talking with IUPUI about locating the museum on unspecified university-owned land
along Indiana Avenue.
A friend and I were having lunch. We were talking about an old issue: the lack of leadership in the state. Both of us agreed that Mitch Daniels has been doing a good job in following through on what he promised, whether or not folks liked it. But we were hard-pressed to find other examples of civic or political leadership. I suspect our problem may have been one of age. We’re guys who have been around for the past four…
Numerous format changes late last year caused a major shake-up in the first-quarter survey results of central Indiana’s radio-listening
habits.
The number of blogs operating on the Internet outnumbers the inhabitants of California, New York, Texas and Florida combined. With a market like that, it’s no wonder Chris Baggott and Ali Sales are so excited about the potential of Compendium Blogware, an upstart firm the two formed in January 2007. Baggott is best known for founding, along with co-owner Scott Dorsey, fastgrowing local e-mail marketing firm ExactTarget Inc. in 2000. The company brought in $48 million in revenue last year….
Imagine a busy local bank that signs several new accounts weekly. With each new customer, the bank receives that person’s Social Security number, home and business addresses, and entire financial history. But what if a computer containing all that personal information-so useful for identity theft-is stolen from the building? Should the company notify its customers of the possible danger or hope the information itself is safe and keep quiet to avoid scandal? To answer those questions, the Indiana General Assembly…
Billionaire philanthropists Mel and Bren Simon are laying the groundwork to donate Asherwood–their extravagant Carmel estate
and golf course–to the Indiana University Foundation, potentially to house a new think tank. The couple plans to downsize
into a home just outside the town square in the nearby Village of WestClay.
A former Silicon Valley sales executive and a Cincinnati investment manager have formed a venture fund here that’s trying
to raise $100 million to invest in the new darlings of the investment world: clean technology firms. Clean Wave Ventures founders
Scott Prince and Rick Kieser are banking on soaring energy costs attracting investors to the risky but potentially lucrative
realm of alternative energy and transportation and related fields.
Jill Long Thompson says she knows it will be tough to unseat Republican Gov. Mitch Daniels in November, and she already has come out swinging. Just hours after squeaking out the Democratic gubernatorial nomination over Jim Schellinger last week, the former Indiana congresswoman verbally jabbed Daniels. “Four years ago he went through the state wearing […]
New traffic and sidewalk restrictions are being put in place near the RCA Dome so that demolition work can begin. Closing two lanes of Capitol Avenue in downtown Indianapolis will allow preliminary work, such as removal of the dome’s signs. City police officials do not expect the new lane restrictions to cause significant traffic troubles. […]
Emmis Communications Corp. Chairman Jeff Smulyan was as upbeat as ever about the company’s earnings report today, but this time there might be greater reason for his optimism. Revenue at the Indianapolis-based media company rose 9 percent, to $85.8 million, in the fiscal fourth quarter despite having posted a $13 million loss. Much of the […]
Officials with Sarah Fisher Racing today announced they signed a sponsorship deal with IUPUI, which will aid the team’s effort to qualify for and race in this month’s Indianapolis 500.
“The group at IUPUI has become great friends of mine over…
The Indianapolis Colts today announced an expanded relationship with Budweiser and Bud Light.
A featured element of the agreement between the Colts and Anheuser-Busch is the Bud Light Blue Zone, an open-air fan gathering…
