Melissa Proffitt: International perspective crucial in today’s economy
Gov. Holcomb’s Next Level agenda seeks to diversify and expand Indiana’s 21st century economy, and his international strategy is working.
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John Zody: Holcomb’s focus on glossy sales pitch is flawed
The economic development approach forged by a decade-plus of Republican control underinvests in human capital and fails to create quality jobs.
$175 million solar power project planned for central Indiana
Officials announced Tuesday that plans call for Brooklyn, New York-based Ranger Power to build the solar project in Shelby County starting in 2022.
Hoosier Lottery could see record-high revenue again this year
Lottery operator IGT Indiana estimates it will sell $1.33 billion worth of tickets before the fiscal year ends on June 30. The state’s take could reach $309 million, which would be another record.
United States’ delay to Huawei ban gives tech sector time to adjust
The United States is delaying restrictions on U.S. technology sales to Chinese tech powerhouse Huawei in what it calls an effort to ease the blow on owners of its cell phones and smaller U.S. telecoms providers that rely on its networking equipment.
Local real estate firms lead $5M investment in internet provider Xiber
Milhaus CEO Tadd Miller said his firm, which is also a Xiber customer, decided to invest in the company because of demands from his clients for the services Xiber offers, such as home automation.
FCC chairman backs T-Mobile-Sprint deal in key endorsement
Federal Communications Commission Chairman Ajit Pai said Monday he supported the $26.5 billion deal because the two companies promised to expand mobile internet access in rural areas and roll out 5G, the next generation of mobile networks.
Analysis: McLaren’s failed Indy 500 effort was comedy of errors
McLaren CEO Zak Brown acknowledged Monday the team was woefully unprepared to qualify a car for the Indianapolis 500, and small oversights snowballed into the final result.
Fashion retailer with seven area stores calling it quits
After trying to find a new owner, Ascena Retail Group announced Monday that it is preparing to close its Dressbarn clothing chain, which has about 650 stores throughout the country.
Prime site near Keystone, 96th Street interchange hits market for nearly $10M
The 18.1-acre parcel is one of the few remaining undeveloped sites of significant size on Indianapolis’ northern edge. Although it’s bordered by homes, local brokers foresee commercial development.
Lilly’s promising drug for breast cancer runs into problems in Japan
The Indianapolis-based drugmaker has updated the label on Verzenio with a new warning after Japanese health officials said the drug is suspected of adversely affecting patients’ lungs.
IMOCA changes name, refines mission without home base
More than two years after vacating its base of operations in Fountain Square, the city’s museum dedicated to contemporary art has formalized its metamorphosis into a more nomadic organization.
Kite, Milhaus planning 7-building apartment complex next to Glendale
Indianapolis-based mall owner Kite Realty Group Trust this month filed a request with the Marion County Board of Zoning Appeals to change zoning for some of the parking lots just east of the shopping center.
IPS superintendent opening gets 11 applications
The Indianapolis Public Schools board this week will begin meeting in executive session to review applications, identify finalists, and determine next steps.
Engineering firm to invest $1 million, add up to 135 Bartholomew County jobs
LHP Engineering Solutions, a minority-owned firm launched in 2001, targets the automotive, aerospace and medical industries.
China’s ban on scrap imports a boon to U.S. recycling plants
U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that previously exported plastic or metal to China have retooled so they can process it themselves.
China’s technology tactics irk its trading partners
Europe, Japan and other trading partners object to President Trump’s trade tactics but echo American complaints. They say China’s practices violate its market-opening commitments under the World Trade Organization.
McLaren knocked out of Indy 500 on final run of qualifications
Kyle Kaiser, 23, in a dramatic last-gasp bid by tiny Juncos Racing, knocked Fernando Alonso off the bubble and ruined the day for McLaren, which was trying to make a comeback to the Indy 500 for the first time since the 1970s.
IBJ Podcast: Oliver Winery makes big business of sweet wines (but that’s not all)
CEO Bill Oliver, the son of the founder, talks with host Mason King about the Bloomington winery’s beginnings and its future and explains how its distribution has grown to 27 states.
Owners split on guaranteeing spots in Indy 500
Some racing team owners firmly on the side of tradition, believing that 33 drivers should qualify for the Indy 500 based on pure speed. Others say too much is at stake to eliminate those who are committed to the entire IndyCar season.