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AAR Aircraft Services to close airport plant, terminate 329 employees

December 28, 2025 | IBJ Staff

The plant at Indianapolis International Airport will see its first series of employment terminations starting on Feb. 15, with more phases continuing through Feb. 28, 2027, the company said. 

Former employee sues Avon preschool, alleges discrimination due to disability

December 28, 2025 | Indiana Lawyer Staff

After taking disability leave, the employee alleged that her supervisor treated her poorly, barely acknowledging her and undermining her in front of subordinates.

UPDATE: Indy Fuel’s league, players union tentatively agree on new CBA after weekend strike

December 28, 2025 | Associated Press and IBJ Staff

The work stoppage resulted in the postponement of three games on the Indy Fuel’s schedule.

2025 Year in Review: Data center projects spur opposition, investment in power generation

December 26, 2025 | IBJ Staff

Indianapolis-based Citizens Action Coalition estimated in September that there were 40 data centers active or proposed in the state.

2025 Newsmaker: Carlie Irsay-Gordon, Casey Foyt, Kalen Jackson

December 26, 2025 | IBJ Staff

Irsay-Gordon, Foyt and Jackson moved into new roles with the Indianapolis Colts and became the franchise’s full owners following the death in May of their father, Jim Irsay.

2025 Newsmaker: DuJuan McCoy

December 26, 2025 | IBJ Staff

Indianapolis native DuJuan McCoy—already the owner of WISH-TV Channel 8—announced in October that his company, Circle City Broadcasting LLC, had reached an agreement to acquire WRTV-TV Channel 6.

2025 Year in Review: New property tax law forces tough decisions in cities

December 26, 2025 | IBJ Staff

Motivated by rising property tax bills caused in part by rising home prices, Gov. Mike Braun and the Republican-majority Legislature last spring upended the funding structure for local government and forced tough budgeting decisions in cities and towns.

Christmas is over, but retailers will remain busy—with returns

December 26, 2025 | Associated Press

The month after Christmas has been dubbed “Returnuary” for good reason. The National Retail Federation estimates 17% of holiday purchases will be sent back this year.

The Book 2026 – Excel

The Excel format of 72 lists published in the Indianapolis Business Journal in 2025.

The Book 2026 – Printed Version

The Book is an annual compilation of the weekly Top 25 Lists from 2025 featured in IBJ. It contains 72 lists. The Book is the single most comprehensive resource publication on Indiana businesses.

2025 Newsmaker: Gov. Mike Braun

December 26, 2025 | IBJ Staff

Gov. Mike Braun became Indiana’s fourth consecutive Republican governor when he was sworn in on Jan. 13, following GOP Govs. Eric Holcomb, Mike Pence and Mitch Daniels. But Braun’s administration has had no interest in carrying the torch of his predecessors.

2025 Newsmaker: Jeff Simmons

December 26, 2025

Jeff Simmons has been CEO of Elanco since its spinoff from Eli Lilly and Co. in 2018, guided the company’s 2020 acquisition of Bayer Animal Health and has overseen the development of drugs that are starting to pay off in profits and investor confidence.

2025 Newsmaker: Ersal Ozdemir

December 26, 2025

Ozdemir said the building at 120 Monument Circle is “a centerpiece location in the beating heart of our city.”

2025 Newsmaker: Michael-Paul Hart, Jesse Brown, Andy Nielsen and Crista Carlino

December 26, 2025 | IBJ Staff

Five Indianapolis City-County Council members, including three from the mayor’s own party, called on Democratic Mayor Joe Hogsett to resign following an investigation into how his administration handled allegations of sexual harassment by the mayor’s former chief of staff.

2025 Newsmaker: Herb Simon, Stephen Simon

December 26, 2025 | IBJ Staff

Boxcar Development LLC, a holding company for a group of investors led by the Simon family, plans to officially break ground on the $320 million hotel complex at Georgia and Pennsylvania streets next spring, but work to clear the former CSX building from the site and prep it for construction is well underway.

2025 Newsmaker: David Ricks

December 26, 2025 | IBJ Staff

As of Nov. 13, Eli Lilly and Co.’s market capitalization was $967 billion and flirting with a rare $1 trillion. Its stock price in November surpassed $1,000 per share, up more than 25% for the year.

2025 Year in Review: Colts owner Jim Irsay dies at 65, daughters take over team

December 26, 2025 | IBJ Staff

Indianapolis Colts owner, philanthropist and music lover Jim Irsay died on May 21 at 65 years old, leaving full ownership of the NFL franchise to his daughters, who had all been active in the organization for years.

2025 Year in Review: Gov. Mike Braun launches audit of IEDC and related organizations

December 26, 2025 | IBJ Staff

The investigation, which Braun labeled a “forensic audit,” launched in May and continued through the summer, leaving work by Elevate and other organizations in limbo and raising questions about whether the state would continue to invest in fledgling companies

2025 Year in Review: City offers developers lifeline for Gold Building but seeks new bid for City Market project

December 26, 2025 | IBJ Staff

Mayor Joe Hogsett’s administration offered a lifeline in September to Indianapolis-based developers Gershman Partners and Citimark in their efforts to redevelop the Gold Building downtown, a project that has been hampered by financial challenges that nearly derailed it.

2025 Year in Review: Revenue shortfall strains budget

December 26, 2025 | IBJ Staff

The final budget boosted the tax on cigarettes by $2 per pack, with similar hikes on other forms of tobacco. Those tax increases were expected to generate $850 million over the two-year budget cycle.

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