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Orthopedics company plans $27M Indiana project

Warsaw-based DePuy Orthopaedics expects to spend $20 million on manufacturing equipment and $7 million on research and development equipment and have it installed before 2014.

Kite sees smaller loss, more revenue in 2nd quarter

Kite Realty Group Trust saw a smaller loss and higher revenue in the second quarter compared to the same quarter a year ago, the Indianapolis-based real estate investment trust announced late Thursday.

Goldsmith stepping down as New York deputy mayor

New York City Deputy Mayor Stephen Goldsmith, the former Indianapolis mayor who joined Mayor Michael Bloomberg’s administration last year, has resigned to pursue a job financing infrastructure development.

Franklin Electric moving HQ, 220 jobs to Fort Wayne

Franklin Electric Co. Inc. says it will move its corporate headquarters from Bluffton to a $25 million development in Fort Wayne by 2013. The company has 220 employees and expects to add 35 more by 2014.

Site with rich history could become catalyst for east-side growth

A four-acre site just east of downtown with a rich history is being targeted by city officials and redevelopment leaders for redevelopment. They want to restore the once-vibrant spot at Washington and Gray streets in hopes that it will help revive the beaten-down corridor.

Firm helping others create ‘an app for that’

A two-man Indianapolis firm is making a splash in the graphic design industry with a Web-based tool that allows designers unfamiliar with Apple Inc. software code to build applications for iPads and iPhones.

Smarter product mix boosting Brightpoint

Mobile-phone distributor Brightpoint Inc. is a wireless industry middleman, constantly trying to strike deals with competing manufacturers and carriers, to gain market share in distributing the world’s high-priced smartphones and tablets.

‘Buy local’ law could make projects costlier

A new state law that alters the public bidding process could add complication and possibly millions of dollars to a soon-to-be-bid segment of a massive Indianapolis sewer project.

Lucas Oil Raceway aims to survive NASCAR exit

Despite losing two of its five biggest events—the NASCAR Nationwide and truck races—last month, Lucas Oil Raceway is already making plans to replace those events next summer and track officials are confident it will be profitable in 2012.

PROXY CORNER: The Finish Line Inc.

The Finish Line Inc. is an Indianapolis-based specialty retailer of brand-name athletic and leisure footwear, activewear and accessories.The company operates 656 stores in malls across the United States.

We’re all hurt by diminished media

That’s the real tragedy of these Gannett layoffs, the stooping to infotainment and the dumbing down of not just a new generation of Woodwards and Bernsteins (if they even know who that is), and the slow death of the entire Fourth Estate.

Hit greedy Colts in the pocketbook

Since this is ultimately about money, simple solutions exist and the simplest of all is to not buy Colts tickets—and if you want to cross over to radical you can boycott Colts commercial sponsor products.

Another TIF test

Every proposed development that approaches a municipality expects a TIF district and tax abatements. They point out that every other municipality they approach is willing to give this to them. If you refuse, they go elsewhere.

Myers is local jewel

We are fortunate to have Myers return to Indianapolis. He has vast experience in the delivery of health care and how it impacts our community.