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Bertolini’s in Circle Centre closes

After a 12-year run, upscale Italian restaurant Bertolini’s has closed its Circle Centre location. The restaurant, on the first floor of the mall next to P.F. Chang’s and Champps, was part of…

Cheaper Beemers?

BMW said today it will expand its plant in Spartanburg, S.C., to make the X3 and X5 sport-utility vehicles.
Another model destined for the plant is the X6 coupe.

The cost of imports has risen as the value of the…

Hoosiers moving to the country, study finds

Indiana’s population is migrating to rural areas, a new study shows. Unincorporated areas added nearly 148,000 residents between 2000 and 2006, a growth rate of 7 percent, said the study, which was conducted by the Indiana Business Research Center at Indiana University. Incorporated areas grew by 85,000 people, or 2.1 percent. The trend was strong […]

Perch farm opens near Muncie

Bell Aquaculture near Muncie has begun operating a yellow perch farm that is projected to yield up to 100,000 pounds of fish per year. At full capacity, the facility in Albany could produce 9 million pounds annually and employ 70 people. The first fish, which take about 10 months to reach market size, should be […]

UPDATE: FedEx hangar lease includes offices

Shipping giant FedEx has snapped up 126,000 square feet of the former ATA maintenance hangar at Indianapolis International Airport. About 80,000 square feet of the leased space is hangar bays, and the rest is office, training rooms and other uses, said FedEx spokeswoman Paula Bosler. FedEx will use the ATA space to maintain all but […]

AIT Laboratories adding 50 workers

An ongoing expansion of AIT Laboratories will create 50 jobs this year in addition to the 60 created last year, the Indianapolis forensics lab said today. By the end of next year, total headcount will hit about 214, said the company, which has expanded its operation at 2265 Executive Drive near Indianapolis International Airport. The […]

Johnson officials hope for office park

Cheryl Morphew, executive director of Johnson County Development Corp., and Greenwood Mayor Charles Henderson are discussing starting an office park southeast of the city. The officials are learning from getting passed over for a 1,300-worker Medco Health Solutions Inc. pharmacy distribution center late last year, according to the Daily Journal of Franklin. The New Jersey […]

You-review-it Monday

For me, the weekend included stops at the new gallery at the Stutz Building, a visit to the art spaces at the Murphy Art Center in Fountain Square, and finally exposing my two youngest kids to the movie “Hoosiers” —…

Shortage of welders coming

About 450,000 welding jobs will be available by 2014, according to the U.S. Bureau of Labor Statistics, and at least one Indiana company is already experiencing a shortfall of workers, reports The Journal Gazette of Fort Wayne. Welders at Warsaw Engineering and Fabricating Inc. are working overtime to keep up with production and officials there […]

Local restaurants add sites, consider taking on chains

Several local eateries are going through a growth spurt, adding locations despite central Indiana diners’ reputation for being
addicted to national chains. Ironically enough, the expansions could be the first step in transforming the local restaurants
into chains themselves.

A&E: IRT ‘Piano Lesson’ well tuned

It wasn’t by design, but this week I happened to find myself in the company of three different sets of young theater audiences. The good news: All were better behaved than most adult audiences with whom I’ve spent time-there was limited candy wrapper crinkling and not a stray cell phone ring in the bunch. Plus, each broke with the stereotype of uninterested youth, proving generous and very open to the events on stage. First was “The Piano Lesson” at Indiana…

INVESTING: Process of deleveraging creating lots of carnage

The deleveraging of America continues with unpleasant consequences for consumers and investors who are overextended. One problem with a mass deleveraging is that the repeated selling of an asset to repay a debt burden leads to further declines in the price of that asset. That, in turn, forces others to sell, as the lower asset values no longer support their debt obligations. It’s otherwise known as a vicious circle. The Federal Reserve, the U.S. Treasury and Congress are scrambling to…

Finish Line escapes one crisis, but challenges abound: Indianapolis-based athletic-wear retailer now shifts its attention to reinvigorating sales after prolonged slump

Executives at locally based The Finish Line Inc. felt a weight lifted after escaping a potentially ruinous attempt to acquire Genesco Inc., a company more than twice its size. But there’s no time for rest: They now must focus on a core business that was floundering even before Finish Line bid $1.5 billion in June 2007 for the Tennessee-based parent company of mall chains Hat World, Lids and Journeys. Finish Line this month reported its eighth consecutive quarter with declining…

College Summit’s goal is more skilled workers

Business leaders and educators agree on what’s needed to improve Indiana’s economic health and enhance its place in the global
economy: a larger pool of skilled workers. Toward that end, a group of notfor-profits is expanding a program to get more low-income
Indianapolis students to further their education after high school.

Museum of Art fashion show to highlight local designers

It’s not easy to make a living in high fashion, especially in a city where the “garment district” extends only to the nearest
Hancock or Jo Ann Fabrics. Still, Indianapolis has a little something up its sleeve–more than a dozen designers who are prepping
their collections for “Project IMA,” a fashion show modeled after Bravo’s reality hit “Project Runway.”

Businesses eager for canal to be a ‘selling point’ again: Water should be back – and sparkling – soon

For nearly five months, leasing agents at Canal Overlook Apartments have relied on photos and visual aids to show potential renters what a perk a canal view can be. If the would-be renters take a gander now, all they get is a view of a drained Central Canal and workers scraping out decades worth of slime. “It is usually a selling point, but [the cleanup] has been long and it smells bad,” said Lynn Grine, leasing manager for the 125-unit…

NOTIONS: Variations on the theme of March Madness

March Madness is upon us-that glorious season born in a Springfield, Mass., peach basket and now headquartered, literally and spiritually, in the Hoosier state. That means, of course, high-pressure conference tournaments; Big Dance brackets and pairings; controversial selections and exclusions; friendly wagers; blowouts; upsets; scoring runs; dry spells; lead changes; come-frombehind victories; heartbreaking defeats; and last-second, game-winning three-pointers. But in only the first week of the third month of the Gregorian calendar, it’s clear-from personal life, to the recession (er…

Oprah’s beau advises struggling Pacers on image management

Best-selling author Stedman Graham says professional athletes should think of themselves as “a corporation unto themselves.”
Graham–perhaps best known as television star Oprah Winfrey’s boyfriend–brought that message to the Indiana Pacers during
a three-hour private seminar in late January designed to get the players to rethink the importance of their individual images.

ECONOMIC ANALYSIS: How the property tax reform plans stacked up

As this year’s short legislative session comes to a close, I want to recap the property tax proposals that were bandied about. I probably should begin with the problem. Though Hoosiers pay less in state and local taxes than most Americans, the growth in state and local tax bills has been way out of sorts with income growth. Also, in some places, property taxes are astoundingly high-and in the most expensive places, taxpayers are not getting anything like the value…