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Articles
Some female small-biz owners anticipate boost from changes by new administration
Some local women business owners are encouraged by the election of President Barack Obama and his appointment of a new chief at the Small Business Administration who is thought to be especially interested in the needs of women-owned businesses.
Airport tussle continues
The Indianapolis Airport Authority has fired back against a Hebron, Ky.-based contractor that alleged in a lawsuit last December
that the airport operator failed to pay in full on a $14.7 million contract to build aircraft parking spaces.NASA contracts soaring-WEB ONLY
Indiana’s share of NASA spending amounts to little more than a shiny penny at the bottom of a clothes dryer. Only $130 million made its way to the state in 2007-virtually nothing compared to the $12 billion the space agency doled out to all states and the $5 billion Indiana companies snagged from the U.S. […]
Airport hotel in limbo
The recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.
Airport hotel in limbo-WEB ONLY
Plans for a 250-room hotel connected to the new Indianapolis International Airport terminal are in the deep freeze as the lodging industry contends with vacancies at a 20-year high. Just when the project might be revived is difficult to say. One thing is certain; the hotel won’t be open in 2009 as planned-and 2010 is […]
Financial crisis, recession hammer deal flow
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.Indianapolis airport director Kish to depart-WEB ONLY
Indianapolis Airport Authority honcho John J. Kish is flying south, leaving his current position in April to oversee development of an arena in downtown Evansville. The Evansville Redevelopment Commission voted to hire him yesterday. Kish, 54, oversaw construction of the airport’s $1.1 billion midfield terminal project, which opened in November. Before becoming executive director of […]
Indianapolis ‘raising the game’ for tourism
Lackluster economy be darned, Indianapolis’ tourism trade gained ground in 2008. And the city’s new head cheerleader has even
higher hopes for this year and beyond.Airport’s Kish to oversee Evansville arena-WEB ONLY
Indianapolis Airport Authority honcho John J. Kish is flying south, leaving his current position in April to oversee development of an arena in downtown Evansville. The Evansville Redevelopment Commission voted to hire him yesterday. Kish, 54, oversaw construction of the airport’s $1.1 billion midfield terminal project, which opened in November. Before becoming executive director of […]
Purdue Research Park inks first tenant-WEB ONLY
FlamencoNets, a minority-owned Internet service in Indianapolis, is the first tenant signed at the Purdue Research Park at AmeriPlex-Indianapolis. The 4-year-old company plans to hire about five employees and lease space inside the park’s 55,000-square-foot accelerator, the first phase and cornerstone of the project. The accelerator will house 15 to 25 startups and create roughly […]
Economy could slow Purdue park’s promise-WEB ONLY
Purdue University will dedicate its new research park in the Ameriplex industrial complex on Indianapolis’ west side tomorrow, but the park’s bright potential runs the risk of being overshadowed by a dreary economy. Construction finished late last year on the first phase and cornerstone of the project, a 55,000-square-foot accelerator that will house 15 to […]
Economy could slow Purdue park’s promise-WEB ONLY
Purdue University will dedicate its new research park in the Ameriplex industrial complex on Indianapolis’ west side tomorrow, but the park’s bright potential runs the risk of being overshadowed by a dreary economy. Construction finished late last year on the first phase and cornerstone of the project, a 55,000-square-foot accelerator that will house 15 to […]
ATA liquidation leaves little for creditors-WEB ONLY
Creditors of defunct ATA Airlines Inc. are expected to receive only a small fraction of what they’re owed under a liquidation plan that could be approved as early as March. U.S. Bankruptcy Court Judge Basil Lorch this week approved ATA’s so-called disclosure statement, the document that creditors will rely on when deciding whether to vote […]
Manufacturer to triple local work force-WEB ONLY
Chain system manufacturer Iwis Drive Systems LLC today said it will expand and relocate its Indianapolis operation, adding 40 employees to its roster of 18. A subsidiary of the Germany-based Iwis Group, the company plans to invest more than $1.5 million to upgrade equipment and move from its current facility near the Indianapolis airport to […]
City tax abatement activity strong last year-WEB ONLY
Property tax abatements granted by the city of Indianapolis last year should help create more jobs than in each of the previous three years. Numbers released by the city for 2008 show companies receiving abatements committed to 2,423 new jobs. Among the projects: – AIT Laboratories plans to create more than 130 jobs in the […]
Rickey public art arriving downtown in May-WEB ONLY
Ten of Indiana native George Rickey’s towering kinetic sculptures are coming to downtown Indianapolis in May. The downtown exhibit will overlap this summer with a career survey of the influential artist’s work, hosted by the Indianapolis Art Center in Broad Ripple. Then pieces from both shows will travel to South Bend, where Rickey was born […]
Report: Signs of life in local real estate-WEB ONLY
The real estate market hasn’t been pretty, but there’s reason for optimism, the local office of Colliers Turley Martin Tucker says in its annual State of Real Estate Market Report. The firm reports that although investment sales have slowed to a crawl, office vacancies are rising and retail developments are on hold, there are plenty […]
Cash-strapped Gary seeks relaxed property tax caps-WEB ONLY
Gary officials are asking a state board to increase property tax caps that limit annual tax bills for the city’s homeowners and businesses.City officials went before the state’s Distressed Unit Appeals Board Monday, seeking an exemption from the caps imposed by the General Assembly last year.Gary officials say the city may lose $30 million under […]
Twice-bankrupt ATA finally folds
Any hopes that hometown airline ATA would make a comeback and eventually resume scheduled service from Indianapolis were dashed
April 2, when it filed for bankruptcy and ceased operations.