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GFS plans $160M local distribution facility, hundreds of jobs

October 9, 2019 | Samm Quinn

Gordon Food Service plans to hire and train more than 200 workers for the distribution center at hourly wages of $20 to $25 an hour before the facility opens in late 2021. Longer term, employment at the facility is expected to be much greater.

Has tide finally turned in favor of ‘value’ stocks?

October 9, 2019

We’re seeing some cracks in the “growth at any price” fan base and a long-overdue return to sanity by investors.

Mental health services center to open next year as first facility at justice center

October 9, 2019 | Lindsey Erdody

A mental health services and addiction-treatment center planned for the city’s new Community Justice Campus will open years ahead of the new jail and courthouse facilities, Mayor Joe Hogsett announced Wednesday.

Managers planning changes after winning city golf course contracts

October 9, 2019 | Mickey Shuey

Changes are in the works for several city-owned golf courses, after the Indianapolis Parks Department agreed to new, 10-year management contracts that are awaiting approval from the City-County Council.

Indiana Democrat pitches teacher-pay plan, but it could be hard sell

October 9, 2019 | Emma Kate Fittes, Chalkbeat Indiana

Rep. Ed DeLaney, D-Indianapolis, put forward a plan this week to raise teachers’ salaries. Among his proposals: give school districts incentives to set minimum pay at $40,000, and freeze corporate tax rates to pay for it.

Average overdraft fees steeper at banks than credit unions

October 9, 2019 | Associated Press

The study found that the average credit union overdraft fee is nearly $10 less than that of large banks.

Overhaul proposed for decades-old Medicare fraud rules

October 9, 2019 | Associated Press

The regulations are now seen as an obstacle to progress because Medicare has put a premium on coordination among care providers. The complex requirements of the original rules can have a chilling effect on hospitals and doctors working together, officials say.

Krzyzewski: California player-pay law starts needed conversation

October 9, 2019 | Associated Press

The college sports pay-for-play discussion has gained momentum since California Gov. Gavin Newsom signed a law that goes into effect in 2023, defying the wishes of the Indianapolis-based NCAA.

Old Town plans 28-acre office, residential project along Monon in Carmel

October 9, 2019 | Samm Quinn

Old Town plans five commercial/office buildings that would range from 2,000 to 8,000 square feet, site plans show. Plans call for up to 240 apartments, 46 townhomes, 30 condominiums and 10 single-family homes.

Perry Township, two other districts to benefit from $47M support grant

October 8, 2019 | Samm Quinn

The National Institute for Excellence in Teaching announced Tuesday that it will use the funds to help the Teacher Advancement Program in Perry Township, Goshen Community Schools and Brown County Schools.

UPDATE: Third Democrat joins Indiana governor’s race, with GOP backer

October 8, 2019 | Associated Press and IBJ Staff

First-term Sen. Eddie Melton of Gary joined the Indiana governor’s race Tuesday night in Gary with an introduction from the state’s Republican schools chief.

Divided Supreme Court weighs LGBT people’s rights

October 8, 2019 | Associated Press

A seemingly divided Supreme Court struggled Tuesday over whether a landmark civil rights law protects LGBT people from discrimination in employment.

Legacy project for 2021 NBA All-Star Game in Indy to focus on youth-oriented groups

October 8, 2019 | IBJ Staff

Officials said the initiative will provide grants of up to $50,000 for 21 brick-and-mortar capital improvement projects that focus on health and wellness or education.

Carmel City Council OKs county income tax increase

October 8, 2019 | Samm Quinn

The Carmel City Council on Monday night unanimously approved a resolution to increase the county’s income tax by 10 percent to pay for 911 operations, joining Fishers, Westfield and Noblesville in supporting the tax hike.

Dick’s Sporting Goods CEO says new gun policies cost company quarter-billion dollars

October 8, 2019 | The Washington Post

Even while the National Rifle Association, Republican lawmakers and critical customers have blasted CEO Ed Stack, he said the company’s entire firearms category is under “strategic review.”

North-side community development group searching for new CEO

October 8, 2019 | Mason King

Top executive Leigh Riley Evans plans to leave Mapleton Fall Creek Development Corp. later this fall after helping shepherd a $60 million project.

China criticizes U.S. tech curbs but trade talks going ahead

October 8, 2019 | Associated Press

China demanded Washington, D.C., lift newly imposed sanctions on Chinese tech companies but said Tuesday that envoys will go ahead with a U.S. trip for trade talks despite the latest spike in tensions.

Indianapolis Zoo gets $4M grant to establish global center for species survival

October 8, 2019 | IBJ Staff

Plans call for the Global Center for Species Survival to employ a team of nine experts who will be based in Indianapolis and work with more than 9,000 wildlife experts worldwide to save threatened species.

Two-block office project by Methodist finally moving forward

October 8, 2019 | Mickey Shuey

The 4.5-acre site catty-corner to the downtown hospital complex is earmarked for a 250,000-square-foot office building and seven-level parking structure, to be connected by a skybridge. It also would include a grocery store.

16th_capitol_SkyBridge_1200px

China halts NBA broadcasts as anger mounts over Hong Kong tweet

October 8, 2019 | Bloomberg News

The move is the latest backlash over a tweet by a Houston Rockets executive last week that expressed support for Hong Kong’s pro-democracy protesters.

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