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Made in Indiana: Racing bicycle wheels by Zipp
Company history: Engineer Leigh Sargent launched Zipp in 1988. At the time, he was working in motorsports, specializing in the modification, manufacturing and aerodynamic design of Indy 500 cars. He applied his knowledge about speed to bike wheels. Zipp’s first product was a disc wheel that was manufactured alongside auto-racing parts. In 1999, entrepreneur Andy […]
TIF district could spur more development near emerging hospital campus
The city is trying to capitalize on construction of Indiana University’s $4.3 billion Methodist Hospital complex and other projects underway or in development on the north side of downtown.
4 years into incentives plan for developers, community-building programs emerging
Indianapolis developers receiving tax abatements have committed to providing nearly $5 million to help struggling middle- and low-income families gain access to economic opportunities and become more upwardly mobile.
Business scores some sizable legislative wins
Lawmakers passed bills to offer tax relief for small businesses, child care tax credits for employers, and hundreds of millions of dollars in financial incentives for economic development projects.
Fishers firm turns old shipping containers into attainable housing
Cities around the country are beginning to look at container units to address homelessness and increase housing supply.
Hogsett prevails but now faces well-funded Shreve
| Peter Blanchard and Taylor Wooten
Incumbent Mayor Joe Hogsett soundly defeated Democratic challenger Robin Shackleford in Tuesday’s primary election, setting up a November showdown with Jefferson Shreve, a largely self-funded millionaire who handily won the GOP nomination.
Indiana 250: Akilah Darden
In 2020, Akilah Darden founded The Darden Group, an executive construction management and training firm that specializes in helping companies find minority contractors for projects. In its first year, it landed a contract with Cook Medical to attract and engage minority businesses—with the goal of achieving 100% minority participation on Cook’s manufacturing plant project on […]
IPS announces new principals at 8 schools as part of Rebuilding Stronger plan
Most of the schools listed in the district’s announcement will adopt Montessori, science, STEM, or International Baccalaureate programming in 2024-25 as part of Rebuilding Stronger.
TurboTax customers to receive checks for $141M settlement
Millions of Americans who qualified for free tax services—but were instead deceived into paying TurboTax for their returns—will soon get settlement checks in the mail.
After passing gas tax increase, lawmakers to tackle long-term road funding
Officially dubbed the “Funding Indiana’s Roads for a Stronger, Safer Tomorrow Task Force,” the body is charged with creating plans for both state and local road and bridge needs. A report is due to the legislature by Jan. 1, 2024.
Indiana University Health sees first-quarter gain on higher revenue
The state’s largest hospital system this week reported a “slightly positive” first quarter as operating revenue increased 8% over the same period of 2022.
City to take over financing of $510M hotel at Pan Am Plaza
Hogsett administration officials said the move was necessary to save the project after Kite Realty Group told the city it couldn’t secure suitable financing for a planned 814-room Signia by Hilton hotel.
Indianapolis ed-tech firm secures $1.45M in state incentives
Ellipsis Education, which formerly operated as Codelicious and currently has 30 employees, plans to hire another 91 people over the next few years. The company, which offers computer science curricula for schools, says school districts’ growing interest in computer classes is fueling its growth.
U.S. adds a solid 253,000 jobs despite Fed’s rate hikes
April’s hiring gain compares with 165,000 in March and 248,000 in February and is still at a level considered vigorous by historical standards.
How a contested GOP gubernatorial primary could help Democrat Jennifer McCormick
Jennifer McCormick, for now the presumptive favorite for the Democratic nomination for governor, could hoard cash while Republicans spend big money to try and win a contested three-way primary election next year.
Shelbyville woman gets two-year sentence for embezzlement
Investigators say the former controller of a Shelbyville company used her position to steal nearly $700,000 from her employer.
Weight-loss brand Jenny Craig to close down operations
The weight loss and nutrition business has shut down after four decades of operation after failing to secure additional financing. Jenny Craig lists three weight-loss centers in Indianapolis.
First Baptist Athletics campaign gets big gifts from Lilly Endowment, real estate firms
More than a dozen major gifts have been made for the youth sports facilities project, with most coming from real estate companies and associated foundations whose leaders have connections to the organization.
Holcomb signs 91 more bills, finishes session without veto
| Associated Press and IBJ Staff
Thursday’s final batch included the new two-year $44 billion state budget that includes a broad expansion of the private school voucher program.
