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City whiffs at College World Series

Reading the news that TD Ameritrade recently signed a naming rights deal for Omaha’s new baseball park, made me wonder if Indianapolis didn’t miss a golden opportunity with the College World Series. That…

Lilly launches Web effort to find new drugs-WEB ONLY

Eli Lilly and Co. has launched a Web portal to help it more easily find, evaluate and possibly license experimental drugs discovered by researchers at universities and biotechnology companies, the Indianapolis-based drugmaker announced today. Lilly hopes the program behind the portal, called the Lilly Phenotypic Drug Discovery Initiative, or PD2, opens up an untapped source […]

Arcadia sells pharmacy software biz for $2.2M-WEB ONLY

Indianapolis-based Arcadia Resources Inc. has sold its Jascorp retail pharmacy-management software division for $2.2 million in cash, the company announced today. Jascorp provides dispensing and billing software to pharmacies in 39 states and Puerto Rico. Arcadia acquired the Milwaukee-based business in July 2007 for $2.05 million in cash and stock. Arcadia did not name the […]

Coachmen expansion could create 234 jobs-WEB ONLY

Elkhart-based Coachmen Industries Inc., no longer part of the slumping recreational vehicle industry, could start hiring soon as part of a $3.5 million expansion that it expects to create more than 200 jobs in northern Indiana. The Elkhart County Council has approved $135,661 in local property-tax abatements over 10 years on the company’s promise to […]

House Democrats could advance budget bill-WEB ONLY

Normal 0 false false false MicrosoftInternetExplorer4 Democrats who control the Indiana House are prepared to consider changes to their proposed one-year state budget proposal. The House Ways and Means Committee planned to consider amendments to the bill today, and then possibly vote to send the measure to the full House for consideration. The one-year plan […]

Pacers coach takes to streets to combat homelessness

Even with the NBA draft approaching, Pacers coach Jim O’Brien makes time for his duties as a board member and on-the-ground
volunteer for the Coalition for Homelessness Intervention and Prevention. A strong commitment to community service runs in
the coach’s family.

HICKS: Muncie’s budget woes point to a troubled system

Yhe budget concerns that Muncie and other local governments face are really a circular problem. Taxes got out of hand largely
because of an 18th century system of local government. That same system cannot fix the problem–for it is the problem.

The future of manufacturing

The future of manufacturing One expert foresees manufacturing’s share of the Indiana economy shrinking, while retaining its potential to generate wealth. 21

Arts backer Efroymson returns to contemporary museum he helped start

Jeremy Efroymson recently agreed to return to the financially flailing Indianapolis Museum of Contemporary Art as its executive
director and work for free. Efroymson, one of the museum’s early leaders, has a strategy for seeing IMOCA through a financial
rough spot, but what remains unclear is how the museum will wean itself off his support.

$65M downtown development deal raises questions

A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.

Practice jersey ads could boost Colts

Less than a month after National Football League officials announced teams can sell an ad on players’ practice jerseys, Indianapolis
Colts officials are optimistic they can close a six-figure deal before training camp kicks off in Terre Haute Aug. 2.

Marketing veteran to lead Circle City Classic

The Circle City Classic has hired Marc Williams, an East Coast marketing consultant, as its executive director, a post vacated in March when Tony Mason left to become senior vice president for the 2012 Super Bowl Host Committee.

Some laid-off workers qualify for lucrative benefits

A little-known federal program provides support for retraining to workers whose employers were hurt by foreign trade. The
Trade Adjustment Assistance Act also offers income replacement and health insurance benefits.

VOICES FROM THE INDUSTRY: Hard-hit manufacturing has great potential

Indiana still ranks near the top in factories’ share of total jobs and in share of states’ economic output generated by manufacturing.
But it has been hard-pressed by the economy’s major restructuring, and it won’t look the same when the dust settles.