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Community Health opens rehab hospital in Brownsburg

May 17, 2023 | Alex Brown, Inside INdiana Business

Community Health said the 50,000-square-foot hospital at 8920 E. 56th St. has 40 beds and is designed to address a growing need for inpatient rehab services throughout central Indiana.

Target see lower profit as theft, consumer caution grows

May 17, 2023 | Associated Press

Target said theft is cutting into its bottom line and it expects related losses could top $1.2 billion this year after an estimated $700 to $800 million in losses from theft last year.

CBD store moves to Fountain Square neighborhood thick with smoke shops

May 17, 2023 | Dave Lindquist

Higher Life will be the sixth CBD retailer within a half-mile radius of the intersection of Virginia Avenue, Shelby and Prospect streets.

Higher Life

UPDATE: Citizens Energy to supply water for LEAP District

May 17, 2023 | Peter Blanchard

The move by Citizens Energy Group comes amid ongoing recruitment efforts by the Indiana Economic Development Corp. to lure companies in high-tech industries to Boone County.

Lilly overtakes rival J&J in market cap to become world’s most valuable drugmaker

May 17, 2023 | John Russell

Eli Lilly and Co. shares have soared 57% over the past 52 weeks, buoyed in part by sales of its diabetes drug Mounjaro, which the company is also preparing to seek approval to market for obesity.

Benjamin Harrison Presidential Site to unveil $6M in upgrades

May 17, 2023 | Katie Wiseman, Special to IBJ

The improvements were made possible by a fundraising campaign that exceeded expectations and generated $6.8 million from 535 donors, said Charlie Hyde, CEO of the presidential site.

Graham Rahal wants father’s team to improve before deciding IndyCar future

May 17, 2023 | Associated Press

The 34-year-old son of 1986 Indy 500 winner Bobby Rahal is in a contract year and said Tuesday he’d maybe retire if a competitive seat isn’t in his future.

Tech startup Qualifi lands $4.5M in growth capital

May 17, 2023 | Susan Orr

Indianapolis-based Qualifi, which launched in 2019, offers a platform that allows employers to quickly screen groups of job candidates via automated phone interviews.

Indianapolis Public Schools unveils plans to reuse four of six closing schools

May 17, 2023 | Amelia Pak-Harvey, Chalkbeat Indiana

The resolution approved by the school board on Tuesday describes next steps for Floro Torrence School 83, George Buck School 94, Paul Miller School 114, and Francis Parker School 56.

Spurs win NBA draft lottery; Pacers to pick seventh

May 17, 2023 | The Washington Post

In the NBA’s most anticipated lottery drawing of the past 20 years, the San Antonio Spurs emerged as the winner of the Victor Wembanyama sweepstakes Tuesday.

rop-pacers-030819-450bp.jpg

ESPN announces ‘Pat McAfee Show’ will join afternoon lineup

May 16, 2023 | Associated Press

McAfee, who punted for the Colts from 2009 to 2016, is owner of Indianapolis-based digital media production company Pat McAfee Inc.

Pat McAfee

‘Taco Tuesday’ trademark tiff flares anew between fast food competitors

May 16, 2023 | Associated Press

Declaring a mission to liberate “Taco Tuesday” for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John’s to abandon its longstanding claim to the trademark.

Indy Eleven planning to field women’s team in new USL Super League

May 16, 2023 | IBJ Staff

Eight markets have been approved for the inaugural season, while Indianapolis is among a group of five markets approved for subsequent seasons, pending completion of a stadium.

Cummins filtration business targets $341M in IPO

May 16, 2023 | Alex Brown, Inside INdiana Business

In April 2022, Cummins announced plans to spin off the business, then known as Cummins Filtration, which provides filtration products for trucks, off-highway industrial equipment and power generation systems.

Penguin expert wins Indianapolis Prize for animal conservation

May 16, 2023 | Alex Brown, Inside INdiana Business

The Indianapolis Zoological Society Inc. on Monday announced Pablo Borboroglu, founder and president of the Global Penguin Society, as the 2023 winner of the Indianapolis Prize.

Fishers City Council approves $50 parking fee for nonresidents at Geist Waterfront Park

May 16, 2023 | Daniel Bradley

The city council voted 7-2 to approve the $50 parking fee, with Democratic council members Jocelyn Vare and Crystal Neumann voting against the ordinance.

Retail sales up modest 0.4%, buoyed by online, dining spending

May 16, 2023 | Associated Press

Consumers are facing plenty of challenges heading into the second half of the year from tightening credit to a weaker job market.

Construction manager Skillman goes all-in on employee ownership

May 16, 2023 | Mickey Shuey

Skillman, the 11th-largest Indy-area construction contractor, is among a handful of local construction firms to give their employees a direct stake in operations and profits.

Noblesville-based Helmer Scientific acquired by Trane Technologies

May 16, 2023 | IBJ Staff

Helmer Scientific, which makes temperature-controlled storage equipment for hospitals, labs, blood banks, and pharmacies, was founded in Noblesville in 1977 and has more than 400 employees.

Eric Doden: A new vision for downtown Indianapolis

May 16, 2023 | Eric Doden

Nobody is pretending there is a magic wand to wave away problems in Indianapolis. But we must have the honesty to say that many of downtown Indianapolis’ challenges are the result of leadership vacuums and poor policy choices.

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