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City threatens to take GM stamping plant land from Ambrose by eminent domain

October 2, 2019 | Mickey Shuey

The letter from the city’s corporate council to Ambrose says that to “avoid the delay and expense of a court process, we would welcome the opportunity to begin negotiation acquisition of the property immediately.”

Roundup: Hopwood Cellars to build new winery, vineyard in Zionsville

October 2, 2019 | Samm Quinn

The downtown Zionsville winery would build a vineyard and new winery on Michigan Road. Also: Regions Bank plans a Whitestown location, Spencer Farm adds winery to its offerings and two companies open for business in Carmel.

Developer withdraws plans for controversial townhome project in Carmel neighborhood

October 2, 2019 | Samm Quinn

The project—which met strong opposition from residents in the Johnson Addition, near the Arts & Design District—was scheduled to be discussed at a plan commission committee meeting Tuesday but was withdrawn that afternoon.

Shoppers getting more options for returning online purchases

October 2, 2019 | Associated Press

Retailers aim to reduce costs while making it easier for shoppers to return online items. The average return rate for online transactions is 25% compared with 8% for store purchases, according to Forrester Research

Pacers PR chief Rockwood leaving for Butler University position

October 2, 2019 | IBJ Staff

Former Butler University basketball player Brent Rockwood is set to become vice president and chief of staff at his alma mater, the university said Wednesday.

Simon Property to invest $280M in online shopping venture

October 2, 2019 | Susan Orr

The Indianapolis-based shopping mall giant announced Wednesday morning that it is partnering with Rue Gilt Groupe to create an online site that will allow users to shop for more than 300,000 products from at least 2,000 designers.

Simon Headquarters

Fast-growing Mooresville-based prop maker plans to add 70 jobs

October 2, 2019 | Greg Andrews

The company, which saw sales rocket from less than $7 million in 2016 to $20 million in 2018, said it will invest $1.1 million into upgrading and expanding its headquarters.

Indianapolis Zoo secures 28 acres of land for expansion

October 2, 2019 | Mickey Shuey

The parcels, which are south of West Washington Street and east of South Harding Street, are expected to be turned into permanent parking lots and additional zoo exhibits in the coming years.

UAW strike losses for GM reach about $1B—and still rising

October 1, 2019 | Associated Press

Both sides are hoping the strike doesn’t last much longer, but while bargaining continues, the top union negotiator says they’re far apart on major issues including wages, job security, health care and a path for temporary workers to become full-time.

Consolidation up for consideration for state education agencies

October 1, 2019 | Emma Kate Fittes, Chalkbeat Indiana

On Tuesday, an interim committee of lawmakers discussed potentially consolidating the state board of education, governor’s workforce cabinet, and Commission for Higher Education.

Largest Hotels PDF

List of the 25 largest hotels ranked by number of Indianapolis-area guest rooms in 2025.

IU School of Medicine lands $36M grant to develop Alzheimer’s disease treatments

October 1, 2019 | IBJ Staff

The grant, to be paid over five years, will help the IU School of Medicine launch a drug discovery center as part of a strategic partnership with the Purdue Institute for Drug Discovery at Purdue University.

U.S. manufacturing sector falls into deeper recession

October 1, 2019 | Bloomberg News

September marked the worst month for U.S. manufacturing in more than a decade—since June 2009—according to the closely watched Institute for Supply Management’s Manufacturing Index.

Buttigieg pitches himself to moderates as the Biden alternative

October 1, 2019 | Bloomberg News

Despite raising a staggering $51 million for his presidential campaign in 2019, South Bend Mayor Pete Buttigieg has been stuck in fourth place, between 5% and 7% in national polls. Part of that is because he’s hard to define.

Local software startup lands $10M in seed funding, moves HQ to California

October 1, 2019 | IBJ Staff

Edify Labs Inc., a contact-center software firm founded in Carmel a year ago, announced Tuesday that it has raised $10 million in seed funding in one of the largest funding rounds of its type this year.

School district revives defunct Marsh store as nifty preschool

October 1, 2019 | Mickey Shuey

Shelbyville Central Schools bought the property and spent $13 million on a wholesale renovation and redesign to accommodate hundreds of children.

Golden Bear Preschool shelbyville marsh

Cleveland-based firm buys Indy fiber network, plans $38M expansion

October 1, 2019 | Anthony Schoettle

Cleveland-based Everstream Solutions LLC announced Tuesday that it has agreed to buy a 200-plus-mile Indianapolis-based fiber network from Dallas-based DataBank Ltd. and quadruple the network’s size. The service area will expand to cover Indianapolis and parts of Hamilton County.

2019 IBJ Health Care & Benefits – sponsors

2019 IBJ Health Care & Benefits – panel

Private equity firm to buy Carmel-based Orchard Software, fund growth

October 1, 2019 | Mason King

Founded in 1993, Orchard has grown to become the seventh-largest software development firm in the Indianapolis area, with 275 employees and $40 million in revenue for 2018.

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Daniel Bradley
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