Red Robin, Red Robin …
Colorado-based burger chain Red Robin is entering the Indianapolis market in a big way starting later this month. The chain plans to open its first location in Plainfield on June 18. It…
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Bantz, Purdue provost in running to lead University of Iowa
IUPUI Chancellor Charles Bantz and Purdue University Provost Sally Mason are two of the four finalists vying to become president of the University of Iowa. Bantz, who has led the Indianapolis campus since 2003, will interview today and Friday, the University of Iowa said in a release. Mason, who has been provost at Purdue since […]
Boxing-themed, men-only hair salons coming to Indiana
A Fishers couple has bought the franchise rights to open boxing-themed men-only hair salons in Indiana. The Texas-based franchise chain, called Knockouts Haircuts for Men, provides haircuts, message therapy, manicures and hair waxing by female stylists wearing boxing uniforms. The couple, Alan and Marena Boyton, are expected to open their first stores late this year. […]
Barge maker lowers earnings estimate
Jeffersonville-based American Commercial Lines Inc. has lowered its earnings projection for the year to $1.45 to $1.65 a share, from the $1.75 to $1.95 it projected earlier in the year. The company reduced its projection on continued weakness in the spot grain markets and lower-than-expected productivity in the manufacturing industry. The marine transportation company also […]
Tossed plans to open its first Indiana location in Fishers next week. The Florida-based salad concept is aiming for four more stores in addition to its restaurant at 8510 E. 96th St.
UPDATE: Hoosier firm plans water park by Cabela’s
Focus Group Inc. of Valparaiso plans to build a hotel and water park adjacent to the Cabela’s outdoor-goods store slated for the southeast corner of Interstate 65 and County Line Road. Nebraska-based Cabela’s this afternoon confirmed that it plans to build a 125,000-square-foot store at that location. Cabela’s has a deal to buy 104 acres […]
WellPoint sets pay for Colby’s successor
As WellPoint Inc.’s newly appointed chief financial officer, Wayne S. DeVeydt will receive a $600,000 salary as well as stock awards and a potential bonus that could be worth up to $2.2 million. WellPoint disclosed DeVeydt’s new pay in a securities filing Monday afternoon, nearly two weeks after DeVeydt replaced David C. Colby. Colby was […]
Overhaul underway on IPS building
The administrative building for Indianapolis Public Schools is getting a $3.2 million overhaul to shore up two levels of parking. Workers have removed the facade from most of the second and third floors
Cabela’s getting $18M in city bonds
The city of Greenwood plans to help with financing on a Cabela’s store at the southeast corner of Interstate 65 and County Line Road. The Nebraska-based outdoors retailing giant has a deal to…
Large portion of Muncie neighborhood in foreclosure
Most of an entire housing development going up just west of Muncie will be auctioned at a Delaware County sheriff’s sale, and the developer says a weak housing market is to blame, according to The Star Press. M&M Construction of Muncie, the developer of Laurel Meadows, said 38 undeveloped lots will be auctioned; 15 homes […]
Lifestyle mall project would create 2,800 jobs in Lake County
The town of Schererville has approved the rezoning of 30 acres for commercial use, setting the stage for a proposed 350,000-square-foot lifestyle shopping center that would create about 2,800 jobs, reports the Times of Northwest Indiana. The developers of the Lake County outdoor mall are Jacksonville-based Regency Centers Corp. and Billings, Mont.-based Boyer Properties LLC. […]
Daniels a change-maker so far, historians say
As Indiana Gov. Mitch Daniels prepares for a likely second run for office, two prominent historians say he already has accomplished enough to go down in history as a change agent who raised controversy by ramrodding through an agenda that included passage of daylight-saving time and the $3.85 billion lease of the Indiana Toll Road. […]
Star Financial is betting big on Indianapolis: Fort Wayne bank plans hub office, 4 new branches
Undeterred by stepped-up competition and tough margins, Fort Wayne-based Star Financial Bank is building an Indianapolis regional hub and has lined up land for four new locations. The privately held bank launched an Indianapolis-area expansion effort in 2001, and now has seven offices here-including three in Fishers, one in Carmel and one in Noblesville. The latest expansion salvo includes 25,000 square feet of leased space within an office building under construction at Keystone at the Crossing, next door to the…
RETURN ON TECHNOLOGY: Want to launch a rocket from your USB port?
I’m as much of a capitalist as anybody, but even I’m amazed sometimes at what a free market can come up with. Thanks to one little tiny addition to modern computers, a whole industry has opened up. That addition is the USB port, a little slot on the case of almost all present-day computers. Most now have two or more, in fact. “USB” stands for “universal serial bus,” and it’s replaced the older D-shaped serial ports, round PS2 mouse and…
Fascination with fans pays off: Fanimation’s unique designs sustain company amid tough competition
Try saying that three times fast. Or better yet, check out Frampton’s eclectic innovations at the local showrooms that stock them. Frampton, 51, is president of Fanimation Inc. in Zionsville, a designer and distributor of custom fans that circulate a cool breeze in ways rivaled only by his collection of bizarre antique models that often provide his inspiration. Foremost among his unusual creations of ceilingmounted fans is the futuristic Enigma, which sports a single blade and was featured in a…
Glut of million-dollar houses driving prices down
Buyers in the market for million-dollar homes can afford to be choosy these days, as the softness in the overall market extends
to the high end, real estate agents say. Through the first quarter of this year, home sales in the 13-county Indianapolis
area fell nearly 12 percent, according to the Metropolitan Indianapolis Board of Realtors.
ECONOMIC ANALYSIS: Focusing on factory jobs misses the big picture
There’s been something peculiar going on in the business media in Indiana over the last few weeks. We’ve been beating ourselves up because the state is losing manufacturing jobs. Headlines about the decline are popping up, and state and local development officials are facing the bright light of media scrutiny. The chatter on Internet “talk-back” forums serves up plenty of people to blame-the governor, the unions, the Chinese and even our neighbors who buy imported goods. But if I could…
Surge in ethanol plants means transit adjustments: Study predicts increasing truck traffic, road issues
The road Indiana is traveling to help the nation reduce its dependence on foreign oil could be in for a bumpier ride than even the worst Hoosier highways. Indiana is at the epicenter of the renewable fuels movement and has provided economic incentives for the construction of a dozen new ethanol plants, four of which should be operating by the end of the year. Annually, the 380 million bushels of corn that will be used to make more than 1…
Life sciences initiative seeks to increase California ties
BioCrossroads is exploring an unusual new strategy to boost the development of Indiana’s life sciences industry: Team up with
San Diego. Advocates say it’s a novel approach with enormous potential for Indiana.