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Record flooding in early June won’t spark an economic shot in the arm for Indiana like the typical rebuilding process that follows hurricanes and many other natural disasters, according to Richard DeKaser, senior vice president and chief economist at National City Bank. That’s because most of the damage was to agricultural crops, which cannot be […]
Standard & Poor’s Rating Service has raised Indiana’s credit rating to its highest-ever, allowing schools and other agencies to borrow money at lower interest rates. Standard & Poor’s pushed the rating to “AAA” from “AA+,” where it had stood since 2006. The was due in part to property tax reform, low-overall state debt levels, a […]
Indy Racing League officials searching for a title sponsor have their short list narrowed to five companies.
Subway restaurants and Eastman Kodak head the list, according to league sources. There are also two technology…
HENDRICKS COUNTY Motorcycle team expanding in Brownsburg-again In 2004, Indiana convinced Vance & Hines Motorsports Inc. to move its motorcycle racing team from California to Brownsburg. The National Hot Rod Association Pro Stock team moved into an 18,000-square-foot facility whose central location made traveling to races easier and made it more convenient to return to […]
HAMILTON COUNTY Hamilton County tops magazine rankings Hamilton County residents already know all about their affordable property taxes, low crime and strong schools. But they got outside confirmation from two national magazines during the last month. In a June 30 story titled, “America’s Best Places to Raise a Family,” Forbes ranked Hamilton County first in […]
MADISON COUNTY Nestle may expand in Anderson The Anderson Board of Zoning Appeals on July 2 approved a request by Nestle Corp. to expand its 880,000-square-foot plant in the Madison County city by 260,000 square feet. The approval was granted with hope that Nestle will choose its newly operational Anderson plant for production of a […]
JOHNSON COUNTY Franklin distribution center to have eye appeal Officials for an Ohio-based tire manufacturer this month announced plans to relocate a distribution facility to Franklin, bringing 60 jobs to the city 25 miles south of Indianapolis. Cooper Tire & Rubber Co. will move into a new 808,500-square-foot building in Franklin Tech Park near Interstate […]
Carmel’s play for the arts Some fear it will come at Indianapolis’ expense The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String […]
Spotlight on Hamilton County Named for Alexander Hamilton, a member of the Continental Congress and a framer of the U.S. Constitution 5 LARGEST CITIES/TOWNS population Fishers ………………………………………61,840 Carmel ………………………………………60,570 Noblesville …………………………………40,115 Westfield ……………………………………13,444 Cicero …………………………………………4,400 5 LARGEST EMPLOYERS employees Sallie Mae…………………………………….2,300 Conseco Inc. …………………………………2,300 Marsh Supermarkets Inc………………….1,650 Resort Condominiums International ….1,600 Thomson Inc………………………………….1,600 COUNTY MSA* […]
HANCOCK COUNTY Fighter invading Mount Comfort No, the U.S. Navy’s Blue Angels will not be headlining the Indianapolis Air Show next month. Though the fan favorite won’t be on hand for the event Aug. 22-24 at Mount Comfort Airport, organizers hope a demonstration of the still-rare F-22 Raptor will keep attendance above the usual 100,000 […]
Business hotel planned for Shelbyville SHELBY COUNTY-Recent growth in and around Shelbyville has been enough to convince one hotel developer to jump in. Greenwood-based Reainco Development Corp. will build a 74-room Holiday Inn Express hotel at the intersection of Interstate 74 and State Road 9. The addition of a casino to Indiana Downs in Shelbyville […]
MONROE COUNTY Obama replaces tortillas Barack Obama’s presidential campaign is taking over the former Tortilla Flat restaurant building on North Walnut Street in Bloomington. The office is one of six the campaign opened in mid-July across the state. Others are in Evansville, Fishers, Fort Wayne, Muncie and South Bend. The campaign has plans for 20 […]
TIPPECANOE COUNTY Purdue boosts budget request Purdue University plans to seek an additional $14.7 million when it submits its biennial operating budget request to the state in the fall. Purdue’s board of trustees approved the initial projections June 20. The additional appropriation for 2009-2011 represents a 4-percent increase over the prior two-year period. Included in […]
BOONE COUNTY County prevails in land standoff Whitestown and Boone County have been instructed by the Indiana Supreme Court to play nice and share the responsibility of granting tax abatements in an area coveted by both. The decision means developers who want tax abatement must get approval from both entities. It also overturns a state […]
Arming patients with portable electronic medical records that physicians can access during emergencies is becoming more prevalent among health care providers. The Heart Center of Indiana in Carmel, a partnership between St. Vincent Health and The Care Group Inc., the state’s largest cardiology group, recently started the practice. Community Health Network and Dr. Tim Story, who chairs the largest group of physicians at Clarian North Medical Center, are among others who have rolled out portable records systems. The health information…
It takes years of research for an anthropologist to understand another culture, but doctors and nurses don’t have that much time. With the growing diversity of people receiving health care in the United States, a patient’s cultural background is often ignored or misunderstood by care givers. That can make for a less-than-positive hospital stay or doctor visit or, in rare cases, a catastrophic medical mistake. To avoid any such pitfalls, Community Health Network has implemented Culture Vision, an Internet-based program…
Indiana has generous natural resources. I pumped some of those resources out of my sub-basement twice last month, and pulled some of its finer greenery from my roof and yard as well. The abundance is everywhere, from the farmlands and prairie in the north, to the farmlands, mines and even oilfields in the south. Drop a seed in most parts of Indiana and, if the neighborhood’s not flooded out, that seed will grow nicely. Ask me about my tomatoes. Don’t…
Wall Street often is nothing more than a game of three-card monte, with the majority of players losing because they were looking at the wrong card. It is challenging enough to make money during bull markets. But during bear markets, the distractions and traps are everywhere, and they are lethal. There is a big distraction right now that is masking what could be the falling domino that sends everything else toppling over. The disaster of the month is the near-collapse…
Everybody’s doing it. So Heaton and Eadie and Katz, Sapper & Miller decided to get together, too. Katz Sapper announced last week that it will acquire Heaton and Eadie because both Indianapolis-based accounting firms expect their main health care clients-physicians-to link up more and more with one another and with hospitals in the next five years. They want the heft and experience to win the right to handle finance and consulting on more of those transactions. Katz Sapper gets Heaton…
A new law that went into effect July 1 says patients no longer need a physician referral before receiving acupuncture treatments. The upshot for a profession that only became legal in the state within the past 10 years is that acupuncturists should benefit from a boost in business. Competition is expected to increase as well, as the favorable conditions could prompt more of them to seek licenses in Indiana. The referral requirement has been a thorn in the side of…
