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Trump OKs $782M loan to Indianapolis company’s sustainable jet fuel subsidiary

February 12, 2025 | The Washington Post

Montana Renewables is a subsidiary of Indianapolis-based Calumet Specialty Products Partners LP. Calumet launched Montana Renewables in 2021 with the goal of becoming one of the top renewable diesel producers in North America.

Corrections & clarifications

February 12, 2025 | IBJ Staff

IBJ corrects errors in stories and columns. When those are errors of fact or clarifications of context or tone, we will put those corrections here, with links to the corrected stories.

North of 96th roundup: Women’s fashion store, steakhouse, French eatery among openings

February 13, 2025 | Daniel Bradley

Multiple retailers, restaurants and other businesses and organizations recently opened or began planning new locations in the north suburbs of Indianapolis.

Projected cost of Signia hotel rises by $70M, with CIB set to foot bill

February 14, 2025 | Mickey Shuey

All in, the cost of the redevelopment of Pan Am Plaza is expected to be about $780 million, with the convention center expansion cost covered through bonds backed by the city’s consolidated tax-increment financing district.

Lebanon planning board to review designs for Lilly’s $4.5B foundry at LEAP District

February 14, 2025 | Daniel Bradley

IMAGE GALLERY: The 200-acre Lilly Medicine Foundry is expected to add 400 full-time jobs for highly skilled workers, including engineers, scientists, operations personnel and lab technicians.

Carmel looks to revitalize aging U.S. 31 business corridor

February 14, 2025 | Daniel Bradley

Increasing vacancy rates fueled by both the pandemic and changing attitudes about what company executives and workers want in their office space have led Carmel leaders to look at how to give the corridor a second act.

Tariffs could reach deep into manufacturing-heavy Indiana

February 14, 2025 | Daniel Lee

While consumers across the country could pay higher prices on all sorts of goods, Indiana’s economy is especially vulnerable to the uncertainty from tariffs and retaliatory tariffs between nations, economists say.

Mandy Haskett: The story you’re telling yourself might be the problem

February 14, 2025 | Mandy Haskett

When we can get above the line, we start to see that, while real events present real challenges, none of us is powerless and at the mercy of the world psychologically.

UPDATE: Duke Energy Indiana seeks OK for natural-gas units at Cayuga in $3.3B project

February 14, 2025 | Daniel Lee

Customers will see a rate increase of about 5.4% between 2026 and 2031 if Duke receives approval to add to electricity rates over time rather than at once.

What changes to the CHIPS act could mean for AI growth and consumers

February 16, 2025 | Associated Press

Trump has called the federal contracts made with the help of the CHIPS and Science Act “ridiculous,” signaling that he doesn’t support the program.

Opposition brings likely end to Indiana utility siting bill, but the issue isn’t going away

February 17, 2025 | Casey Smith, Indiana Capital Chronicle

A key lawmaker called the bill a response to ongoing resistance of local governments to greenlight solar, wind and other renewables projects that are necessary to support the state’s growing energy demands.

Mike Pence emerges as one of the few Republicans willing to challenge Trump 2.0

February 17, 2025 | Associated Press

The former vice president’s refusal to break with Trump defined their time together in office until the two had a falling out over Trump’s refusal to accept the results of the 2020 election.

Gray Brothers plans to close Mooresville cafeteria, sell building for $10M

February 17, 2025 | Mickey Shuey

Third-generation owner Jason Gray told IBJ plans for after the sale—including when and where the beloved restaurant will reopen—are still in the works.

Hendricks fine-tuning plans for $300M first phase of Circle Centre revamp

February 18, 2025 | Mickey Shuey

The developer behind the planned overhaul of Circle Centre Mall could start construction work on the $600 million project by the end of this year.

Calumet subsidiary draws down $782M as part of first Trump-approved energy loan

February 18, 2025 | IBJ Staff and The Washington Post

Montana Renewables said the money will help make it become the biggest producer of sustainable aviation fuel in the world.

Fishers talent agency sues former employee for operating competing business

February 18, 2025 | Indiana Lawyer Staff

Fishers-based Top Talent LLC is suing a former employee for allegedly running a competing separate business and stealing confidential information.

Lebanon planning board OKs design for Lilly Medicine Foundry at LEAP District

February 18, 2025 | Daniel Bradley

The foundry will give the pharmaceutical maker the ability to research new ways of producing medicines.

Morgan County officials approve rezoning for proposed 391-acre data center

February 19, 2025 | Susan Orr

Residents voiced a variety of concerns about the proposed data center, but the three-person board voted unanimously to move forward.

Trump’s pro-union labor secretary pick highlights GOP tensions

February 20, 2025 | The Washington Post

While Trump loyalists have rallied behind Lori Chavez-DeRemer, she faces skepticism from some GOP senators whose support she may need.

Community Health Network in joint venture to build 2 behavioral health hospitals

February 20, 2025 | Daniel Lee

Community and Lifepoint Health operate three hospitals together in the Indianapolis metropolitan area.

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