Old Centrum to close
The Old Centrum is scheduled to close at the end of March, leaving an uncertain future for the former Central
Avenue United Methodist Church at 12th and Central. The…
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Schellinger calls for restored bargaining
Jim Schellinger, who is seeking the Democratic nomination to unseat Gov. Mitch Daniels in his attempt at a second term, told a group of retired United Auto Workers members yesterday that in his first hour as governor he would reinstate the ability of unions to bargain collectively. Speaking in Marion, Schellinger also said he would […]
AAR to hire 300 at airport hangar
AAR Corp., the Wood Dale, Ill., company that took over the abandoned United Airlines repair base three years ago, said it hopes to add more than 300 workers this year in Indianapolis. Mayor Greg Ballard is expected to attend a press conference early this afternoon announcing the expansion. AAR currently has 925 employees working in […]
NOTIONS: Political promises no panacea for health care
A while back, I had lunch with my friend John. As is our wont, we talked about politics, religion, our families, joys, frustrations. When the subject turned to work, John told me he’s trying a new approach to fund raising and “friend-raising” for his small not-for-profit cancer agency. He’s cutting out the big, time-consuming special event and simply inviting people in for a one-hour introduction to medically under-served cancer patients and how his organization helps. I told him I’d like…
Land banking: Banks grab top sites for branches, often years before they build
Many of central Indiana’s banks are filling their own safe-deposit boxes, but they’re not stuffing them with jewelry, legal documents or blackmail material. They’re banking parcels of land. The sites often are in fast-growing suburbs or redevelopment areas that hold potential for new brickand-mortar bank branches, sometimes several years down the road. Competition can be fierce for the prime sites, and other financial institutions aren’t the only nemesis for banks: Walgreens and CVS also are fighting over the best ground,…
Commentary: HealthNet casts a wide one
Indianapolis is becoming a much more international city. Consider some of the facts: Central Indiana’s Latino population is now 100,000, fifth-fastest-growing in the United States; one in five scientists at Eli Lilly is Chinese; and 2,000 Burmese immigrants live here. These tidbits and mounds of other information about immigration in our community can be found in the International Center’s coffee-table book, “New Faces at the Crossroads: The World in Central Indiana.” The book also contains the stories and beautiful photographs…
Buzzkill: IHPC kills giant keg signs
Someone must’ve been drinking when they came up with this: A proposal submitted to the Indianapolis Historic Preservation Commission last month called for three 10-foot-tall, protruding kegs with taps facing the…
Events facing higher costs at Lucas Oil Stadium: Venue managers also bracing for additional expenses
Local big-draw events are itchy to make their first-ever runs in the $675 million Lucas Oil Stadium, in hopes the roomier venue will let them draw more attendees who want to kick the tires and enjoy the new stadium smell. But there’s a trade-off-a bigger price tag to cover security guards, ushers and cleanup. And at least one event is weighing higher ticket prices as a result. “I don’t think there’s any doubt [Lucas Oil Stadium] will cost more based…
INVESTING: Tough stock market brings big names back to Earth
Oh, how some of the mighty have fallen. A number of high-profile professional investors are struggling in this bear market. Perhaps surprisingly, many of these managers come from the “value investing” category, a style of investing that is supposed to outperform-or at least lose less – markets. In their heydays, when their mutual funds produced investment returns that soundly beat the market averages, these managers were often accorded star status in the financial press. Here are a few of the…
An unorthodox design: Massive church construction project in Carmel features unique architecture
The golden dome that sits atop Holy Trinity Greek Orthodox Church under construction in Carmel provides a curious sight for those in central Indiana. But what is even more unusual about the massive structure underneath the dome is a Sixth Century Byzantine design like no other in the world. “There’s no design like this in history, and it’s never been built before,” said San Francisco architect Christ [pronounced Chris] Kamages, designer of the church. His CJK Design Group specializes in…
SBA loan approvals
These businesses have received loans from financial institutions with
a guarantee
from the SBA. Not all funds are disbursed immediately. Furthermore, some approved loans are subsequently canceled.Grant-makers, stung by market crash, favor safety-net causes, discourage new applicants
Some major foundations in central Indiana are narrowing grantmaking criteria so they can funnel their reduced asset streams
toward pressing needs brought on by the recession.Foundations narrow focus-WEB ONLY
Some major foundations in central Indiana are narrowing grantmaking criteria so they can funnel their reduced asset streams toward pressing needs brought on by the recession. “This is not the year to be wide open,” Central Indiana Community Foundation President Brian Payne said. Two major funds under the CICF umbrella, the Indianapolis Foundation and the […]
Unemployed Amish face benefits dilemma-WEB ONLY
A part-time construction job sturdied Orva Fry’s financial foundation after he was laid off from a northern Indiana recreational vehicle factory. It also kept the 41-year-old Amish father of two on steady spiritual ground. Another way to make ends meet that Fry briefly considered – unemployment checks – went against his faith, which shuns all […]
Big losses not new for foundation-WEB ONLY
Posting double-digit percentage losses is a rare event for most charitable foundations. Not so at the multibillion-dollar Lilly Endowment Inc. The Indianapolis-based foundation lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What’s different about Lilly Endowment is that its most recent loss caps a downward slide that’s lasted […]
Lilly Endowment has made few changes despite massive fall in value
Lilly Endowment lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What’s different about the
Indianapolis-based endowment is that its most recent loss caps a downward slide that’s lasted eight years.IU to offer degree in fund raising-WEB ONLY
Most fund-raisers stumble into the profession, but within a decade the field could be populated by recent college graduates who hold degrees in philanthropic studies. The Center on Philanthropy at Indiana University soon will roll out a bachelor’s degree that would be among the first of its kind. If all goes as planned, IUPUI would […]
Marketing veteran to lead Circle City Classic
The Circle City Classic has hired Marc Williams, an East Coast marketing consultant, as its executive director, a post vacated in March when Tony Mason left to become senior vice president for the 2012 Super Bowl Host Committee.
IU to offer degree in fund raising
Most fund-raisers stumble into the profession, but within a decade the field could be populated by recent college graduates
who hold degrees in philanthropic studies.The Center on Philanthropy at Indiana University soon will roll out a bachelor’s
degree that would be among the first of its kind. If all goes as planned, IUPUI would begin marketing the degree, granted
by the School of Liberal Arts, for the fall of 2010.Circle City Classic names director
For those that missed it in the IBJ print edition two weeks ago, the Circle City Classic has named a new director. The official announcement comes today. For more details on the new…