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Former Indiana Gov. Eric Holcomb lands director job on clean energy developer’s board

March 21, 2025 | Casey Smith, Indiana Capital Chronicle

Doral Renewables LLC announced Holcomb’s board appointment on Thursday, less than three months after the two-term Republican governor’s tenure came to end.

Bill roundup: Health care, economic development, water bills considered in committee

March 21, 2025 | Cate Charron

Lawmakers tackled two thorny health care bills that garnered hours of testimony.

Johnson & Johnson plans $55B in United States investments

March 21, 2025 | Associated Press

Aside from building four new plants, Johnson & Johnson said that it will expand several existing sites.

Techstars discontinues Indianapolis-based sports tech accelerator

March 21, 2025 | Susan Orr

The company, which worked with 67 startups through the Indianapolis program, has dramatically trimmed its offerings in recent years.

FedEx shares fall after profit outlook is cut again on economic woes

March 21, 2025 | Bloomberg News

An economic bellwether because of its broad exposure to the global economy, FedEx said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.

Indianapolis Business Journal – March 21 – March 27, 2025

Cover of IBJ's March 21, 2025 issue

New-home applications in central Indiana fall for second straight month

March 20, 2025 | IBJ Staff

Meanwhile, the Builders Association of Greater Indianapolis this week welcomed its first new CEO in 29 years.

IPS board passes $472M operating budget amid uncertainty over state funding

March 20, 2025 | Amelia Pak-Harvey, Chalkbeat Indiana

The district’s finances face heightened uncertainty as Indiana lawmakers advance bills that cap property tax revenue and require IPS to share local property tax revenue with charter schools.

Indiana-based Shoe Carnival to convert more stores to Shoe Station brand

March 20, 2025 | Alex Brown, Inside INdiana Business

Shoe Carnival said it will transition 175 stores to the Shoe Station banner over the next two years, with the first 50 to 75 stores being completed in the first fiscal year.

Federal judge dismisses Indiana delta-8 legality lawsuit

March 20, 2025 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

Judge James R. Sweeney II of the U.S. District Court for Indiana’s Southern District wrote the suit is “fundamentally” a “question for consideration by Indiana’s courts.”

Trump—with Indiana Gov. Braun on hand—orders plan to dismantle the Education Department

March 20, 2025 | Associated Press

Braun tweeted that he supports “President Trump’s bold action to return education to where it belongs and to put parents in the driver’s seat of their children’s education.”

41 of the Indiana Fever’s 44 games this season will be nationally broadcast

March 20, 2025 | IBJ Staff and Associated Press

Thursday’s announcement sets a benchmark for the WNBA as it prepares for its first-ever 44-game regular season.

Canadian artist to bring electronic chamber music to Tube Factory venue

March 20, 2025 | Dave Lindquist

Mathieu David Gagnon looked to abstract painter Jean-Paul Riopelle as the inspiration for “8 Tableaux,” a 2024 album by his ensemble Flore Laurentienne. The Canadian group will perform next week at Tube Factory.

FLORE LAURENTIENNE

NBA champ Celtics sold for record $6.1B to group led by private equity mogul

March 20, 2025 | The Washington Post

The Celtics are seeking to become the NBA’s first back-to-back champions since the Golden State Warriors in 2017 and 2018.

Peyton Manning joins group investing $45M in Good Good Golf

March 20, 2025 | Bloomberg News

Good Good Golf has attracted more than 1.75 million YouTube subscribers with videos of trick shots, challenges and other golf-themed programming.

rop-manning-030918-450bp.jpg

Bryan Herta Autosport plans to move headquarters to Brownsburg

March 20, 2025 | IBJ Staff

The company, which has two Indianapolis 500 wins under its belt, plans to invest $2.1 million in upgrading the new facility.

Existing-home sales in central Indiana continue to slide

March 20, 2025 | IBJ Staff

Closed existing-home sales in the 17-county area fell for the third time in four months in February, but sales prices continue to climb.

In 35 years of motorsports, Ganassi builds business by winning

March 20, 2025 | Associated Press

Team Penske is considered the gold standard of American open-wheel racing. But drivers for Indianapolis-based Chip Ganassi Racing have won five of the last seven IndyCar championships.

Carmel’s Palladium gets an updated name in 10-year gift agreement with longtime supporters

March 20, 2025 | Daniel Bradley

The largest venue in Carmel’s Allied Solutions Center for the Performing Arts will have a new name, effective July 1, recognizing gifts from two local families.

Palladium

Developer planning 360-unit apartment complex on west side of Carmel

March 20, 2025 | Daniel Bradley

Edward Rose & Sons wants to build seven apartment buildings and a commercial/retail building at the former site of Resort Condominiums International’s North America office.

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Dave Lindquist

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Taylor Wooten
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