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Nordstrom Rack carries merchandise from Nordstrom stores at a minimum of 50 percent off original prices, along with apparel, accessories and shoes bought specifically for the discount stores. The Nordstrom spinoff already has 75 locations in 21 states and has announced plans to add more than 30 new stores by 2012. The Rack stores typically […]
Two Indianapolis-area school districts have taken different routes to dealing with large budget shortfalls in the wake of
significant cuts to state education funding. The results speak volumes about the priorities of their local teachers’
unions.
In 2007, the Indiana General Assembly unanimously put into place the requirement for all Indiana schools to identify students
with advanced potential from all groups and provide them with appropriate curriculum and instruction needed to develop their
potential.
So far this year, Habitat for Humanity of Greater Indianapolis has filed six foreclosure suits, more than in any of the past
five years. The organization also repossessed four houses as a result of the prior year’s foreclosures. In a typical year,
CEO Dean Illingworth said, Indy Habitat takes back one or two houses, so the recent uptick is troubling.
Few matters in life are clear and definitive. Sadly, we grow up learning that all can
or should be reduced (or elevated) to mathematical modeling. We have no courses or TV channels specializing in ambiguity,
no college major in uncertainty.
Most IBJ editors and bloggers now can access readership stats for every bit of news content on our website. We know
how many times each story, blog and video has been viewed and for how long, for any month, week or day.
The Arts Council of Indianapolis soon will move its office from Monument Circle to a smaller space on Pennsylvania
Street with an adjacent gallery. The move is symbolic of the council’s ongoing reinvention, as well as the financial
reality driving that effort.
Bowen Technovation has assembled an eclectic group of electrical engineers, journeyman machinists and artists to design exhibits
for museums, science centers and planetariums. Computer systems analysts and audio and lighting experts are also part of the
mix.
The recession is dragging on, unemployment remains above 9 percent, and Lilly is chopping its way through 5,500 layoffs.
Business bummers abound. But it’s not all bad news.
U.S. markets look like they have at least one more rally on the way at some point in the next few months.
A good community foundation knows when there is an unmet need. After faith-based organizations, nobody is closer to understanding immediate needs better than a strong community foundation.
Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
An overhaul of the Indianapolis 500 and Indy Racing League, possibly as soon as 2012, could take the legendary race back to
its roots as a bellwether of automotive innovation. Engine and chassis rules for the 500 might be greatly loosened, encouraging
the kind of technological innovation that made the race famous.
Retailers are feeling pangs of optimism at an opportune time for the developers and real estate brokers who rely on them
for survival: The year’s biggest retail real estate gathering is May 23-25 in Las Vegas.
The 12-person firm led by CEO Scott McLaughlin recently “graduated” from five years at the Indiana University Emerging Technologies Center
and finished a profitable year.
Greater Indianapolis Chamber of Commerce and Builders Association of Greater Indianapolis support sale of water, sewer utilities.
Dora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International
Airport.
The foundation, founded by Dr. Chuck Dietzen, will absorb the Mercy Foundation, started by Dr. Mercy Obeime, in July.
