The newly organized MLK Business Revitalization Association aims to bring new life to the neighborhood west of downtown by
uniting area business owners behind a common goal — cleaning up the community to attract other entrepreneurs.
Several major issues with business implications are expected to receive ample attention when legislators convene next month,
particularly the continuing saga of property-tax relief and the state’s ability to pay jobless benefits.
Standard Life Insurance of Indiana has been taken over by Indiana regulators after massive investment losses threatened its obligations to policyholders. Indiana Insurance Commissioners Jim Atterholt won an order of rehabilitation from Marion County Circuit Judge Theodore Sosin yesterday, granting him management authority over the company. Standard Life is owned by Kentucky-based Capital Assurance Corp., […]
A new Carmel venture-capital firm focused on food and agriculture has closed its first fund with $27.8 million, including $15 million from Indiana investors. IN Partners LLC announced the landmark yesterday but continues to raise money. Ron Meeusen, a co-founder and managing partner, said IN Partners is one of only a handful of venture firms […]
Fueled by a $740,000 regional advertising campaign, local tourism spending went sky high even as the economy was in a free
fall.
Despite the recession, Hamilton County continues to enjoy economic growth from both old companies and new ones.
The Indianapolis Star, the state’s largest daily newspaper, has scaled back its roster
of critics in recent years — a reduction in coverage that put the onus on local arts promoters to get the word out through
other channels, such as blogs.
Dane Hudson continues an acquisition binge aimed at making Arthur J. Gallagher & Co. a stronger health benefits broker in
the Indianapolis market.
BANKRUPTCIES Eagle Kustom Home Builders Inc., 3793 Barnstable Road, Carmel, 46032. Chapter 7 liquidation. Assets: $1,200,497; liabilities: $1,733,925.
IBJ co-owner Michael Maurer’s $35 million gift to the Indiana University School of Law in Bloomington is the fourth largest
from an individual in the history of the university.
Losses in Clarian Health’s investment portfolio will force cutting 5 percent from next year’s operating expenses, a spokesman for Indianapolis’ largest hospital system said today. The cuts will involve salaried employees, but it’s too early in the 2009 budgeting process to project the number of lay-offs or which positions will be targeted, said spokesman James […]
Muncie-based Ontario Systems LLC laid off 126 of its roughly 500 workers yesterday, The Star Press reported. Most of the affected employees were at its home office, but a few were in the Columbus, Ohio, suburb of Berlin. The developer of debt-collection software said the action was necessary to align costs with revenue. Ontario was […]
Click here to view a video of the announcement. Indianapolis attorney and businessman Michael Maurer is giving $35 million to the Indiana University School of Law in Bloomington, which has been renamed in his honor. The gift, the largest in the law school’s history to come from a single donor, will fund an undetermined number […]
Indiana legislators are signaling that everyone who receives funding from state government must tighten their belts as tax
collections fall short of projections. That could cause pressure for cuts to key technology incentives.
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.
The Hot Box pizza chain has reached a deal with a pair of veteran local restaurateurs to open two new locations in Carmel. The first, scheduled to open in January, will…
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
A rural Indiana bank that specializes in farm lending has agreed to buy Symphony Bank for less than the ambitious startup
spent to build its extravagant branch on 96th Street.
Robert P. Stiller, a lifelong entrepreneur who built Green Mountain into a wholesale coffee giant with 7,000 customers and
$500 million in revenue, owns 3.4 million shares, or 17 percent of the Noble Roman’s company.
Twelve years after opening Natural Stone Specialists, Laura Christy is still just as passionate about the Carmel-based business,
which
sells high-end stone, metal and glass tiles.
