Local not-for-profit buying bulk of Zender apartment portfolio
Merchants Affordable Housing Corp. plans to spend at least $30 million to buy and rehab 10 buildings, most of them north of downtown.
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TECHNOLOGY
An Indianapolis startup looking to elbow its way into the world of smartphone applications has launched a photo app called Sherish. The company is also called Sherish, and the app allows users to store and share pictures privately. Its founders said that, unlike Dropbox and other virtual hard drives, Sherish is photo-focused and its interface […]
VA to cancel contract with Goodwill, ending jobs for 67 workers
Goodwill Industries of Central Indiana Inc. is appealing a decision by the Richard L. Roudebush Veterans Affairs Medical Center that would put 63 janitors and their four managers out of work by Aug. 1.
IPS, charter schools discuss common enrollment process
Indianapolis Public Schools Superintendent Lewis Ferebee said he’s had “very preliminary” conversations with city officials about creating a common enrollment process to be shared by IPS and Mayor Greg Ballard’s portfolio of charter schools.
Marion County districts to see funding increase in new budget
All 11 school districts in Marion County will receive an increase in per-student funding under the state’s new budget.
Charter Schools USA gets OK for south-side school
Florida-based Charter Schools USA, which operates three Indianapolis schools under contract with the state, earned a cautious go-ahead this week to open a charter school on Indianapolis’ south side next year. But the company didn’t get everything it wanted.
Private equity fund buying iconic Frisch’s Big Boy chain
Frisch's Big Boy restaurants are being sold to a private equity fund, ending family ownership of a Cincinnati-based chain that dates to 1948.
U.S. consumer prices show slight April increase
U.S. consumer prices were up slightly in April, but overall gains were held back by another decline in energy costs that offset the biggest one-month jump in medical care in eight years.
7-year-old Simon Cancer Center already outmoded
The Indiana University Simon Cancer Center appears ill-suited for the future of cancer care and its own future is in question.
How Indy’s hospitals kept chugging through that terrible year of 2013
The individual hospital campuses around Indianapolis saw their collective revenue rise 8 percent and their collective operating profits rise 22 percent from from 2011 to 2013. That’s solid, just not stellar, growth.
Judge dismisses bulk of Christ Church suit against JPMorgan
Christ Church Cathedral sued JPMorgan last year, saying the bank selected unsuitable and poorly performing investments, causing the church trusts to lose $13 million in value from 2004 to 2013.
Steel Dynamics to make $100M Mississippi expansion
Indiana-based Steel Dynamics Inc. said it will invest $100 million to add more steel-finishing capacity at its mill in Columbus, Mississippi, and add 40 employees to the current 630 at the plant.
George’s push for softer walls likely saved Hinchcliffe
When James Hinchcliffe slammed into a wall at more than 220 mph, he hit an energy-absorbing barrier that likely saved his life. The origins of that barrier began at Indianapolis Motor Speedway with Tony George.
Carmel moving forward on sale, redevelopment of Party Time property
After years of owning the site, the Carmel Redevelopment Commission is moving forward with a plan to sell the former Party Time Rental property.
Universities roll out your-way MBAs
Enrollment declines in traditional programs spark specializations for doctors, engineers, lawyers and others.
Indians sales exec’s new ideas tripled sponsorship revenue
Since Joel Zawacki joined the Indians sales department eight years ago, the team has more than tripled sponsorship sales, to a projected $3.3 million this year—a record for the 113-year-old franchise.
IUPUI professor’s winning car design mimics human rib cage
IUPUI professor Andres Tovar recently won an international automotive design competition by using advanced technology to mimic Mother Nature’s own blueprints.
Hamilton County training center plan spawns squabble
Commissioners are pushing to build a public-safety training campus that might eventually cost more than $40 million.
Casinos say law won’t be cure-all
Indiana lawmakers bought the state’s embattled casino industry time, but the new protections might not be enough to ensure each gambling parlor’s long-term survival.
Startup-boosting groups emphasize brevity as virtue
Bite-size speeches are the thing at mingling events these days, as organizers aim to add speakers but avoid long, boring addresses. Getting to the point has always been valued in the business world, but some events now have rules around it.
