Multifamily projects abound in Chatham Arch, Lockerbie
The four projects, one of them condominiums, would add nearly 280 units within about a four-block stretch from East Michigan Street north to Massachusetts Avenue.
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Employees may rebel against Obamacare
The economics of the Obamacare’s exchanges are proving attractive to both employers and workers, but a new poll shows that workers still don’t want to end up in them.
Company news
Indiana University Health and Aetna Inc. have extended their contract 60 days to try to work out a new deal. The Indianapolis-based hospital system was set to fall out of the provider network of Connecticut-based Aetna on July 1, but the sides agreed to extend their contract until Sept. 1. Aetna has a modest presence in Indiana, claiming about 6 percent of enrollment in all preferred provider networks, according to a recent report by HealthLeaders-InterStudy. Aetna has a strong presence in the Bloomington area, which IU Health serves via the IU Health Bloomington Hospital. In February, IU Health and Minnesota-based UnitedHealthcare agreed to terms after IU Health fell out of UnitedHealthcare’s network of discounts Jan. 1.
Covidien LP will consolidate its U.S. operations for repairing and upgrading medical-device products at its Plainfield facility, hiring up to 112 more workers by the end of 2015. The firm currently employs about 50 in its technical service center at 2824 Airwest Blvd. It will hire new workers and relocate similar operations from Boulder, Colo. The Indiana Economic Development Corp. has offered the company up to $1.12 million in conditional tax credits based on its job-creation plans. The credits are performance-based, meaning the company cannot claim them until it hires workers. In June, Minneapolis-based Medtronic Inc., the second-largest maker of medical devices, agreed to buy Ireland-based parent Covidien Plc for $42.9 billion in cash and stock.
The Pence administration submitted its HIP 2.0 plan to the Obama administration last week, asking to use an altered version of the Healthy Indiana Plan to expand coverage to as many as 350,000 low-income Hoosiers, according to the Associated Press. The U.S. Department of Health & Human Services must approve the proposal before the state can put it into action. In a letter submitting the waiver request, Gov. Mike Pence said the plan offers a “broader set of consumer-driven health care choices.”
Program preps students to teach at high-need schools
Forty-five Woodrow Wilson Teaching Fellows received incentives to attend cutting-edge master's degree programs at Ball State, IUPUI, Purdue University, the University of Indianapolis and Valparaiso University.
Small colleges using lacrosse to attract monied students from East Coast
Finances are increasingly challenging for small, private schools, causing many to do whatever is necessary to attract students, particularly students who can afford tuition ranging from $25,000 to $45,000 annually.
Obamacare generates windfall for insurers
Obamacare’s tax credits are pumping nearly $400 million into the coffers of health insurers in Indiana this year, according to data released by the federal government and the insurance companies.
Ambrose snags vacancy-plagued Meridian Street property
Ambrose Property Group Inc. is doubling down on the struggling downtown office market by purchasing its second property within six months.
Tricky transition: Pillows balance family, business as son preps to take over
Even before taking over, Eddie Pillow is making changes at the logistics and courier company his dad started in 1988.
Concerns raised over possible rate hike for electric cars
The Indiana Office of Utility Consumer Counselor and Rep. Cherrish Pryor are both voicing concerns about a potential rate increase proposed by Indianapolis Power & Light that could help fund some of the start-up costs for the BlueIndy electric-car-sharing project.
Report: Indiana boasts four nation-leading life sciences clusters
The areas around each of Indiana’s research university campuses—Bloomington, Indianapolis, Lafayette and South Bend—all boast outsize concentration of life sciences workers. Yet the state still lags on research, development and investment funding.
KENNEDY: Maybe it’s a systems failure
Next weekend is the Fourth of July. Along with the barbecues, parades and neighborhood get-togethers, we’ll hear speeches about Truth, Justice and the American Way. We might raise a toast to the Founders, and count ourselves fortunate to live in a (mostly still) democratic country.
Agency opposes hike for electric cars
David Stippler, whose job is to advocate for utility consumers, thinks Mayor Greg Ballard’s quest to have Indianapolis Power & Light customers pay the startup costs for an electric-car-sharing service sets a dangerous precedent.
There will be blood
A new study found that common blood tests performed by hospital-owned facilities in the Indianapolis area were six to nine times more expensive than the same tests at independent lab facilities. Ouch!
Damar Foundation hires president
Richard Markoff comes to the job from IUPUI, where he was a senior adviser to Chancellor Charles Bantz and a visiting lecturer teaching graduate courses in organizational leadership.
Aereo court ruling sidesteps cloud-computing questions
As Aereo Inc.’s streaming-TV service was dealt a potentially fatal blow Wednesday, the cloud-computing industry was more concerned about what the U.S. Supreme Court didn’t say.
Flex-office operator adds 58 suites in Mass Ave area
Regus Group plc, which has other locations in the Indianapolis area, has taken more than 10,000 square feet downtown to open its latest flex-office center, where business owners can rent space by the day, week or month.
Why hospitals leave the inner city, in one chart
Since hospitals lose money on just about every patient except those with private insurance, they have been closing inner-city facilities and opening new facilities in the suburbs for the past four decades.
Westfield scores $20M indoor soccer facility, restaurant
Real estate developer Holladay Properties plans to build a $20 million indoor soccer facility at Westfield's Grand Park, providing a year-round venue at the sprawling sports campus—and a home for south-side institution Jonathan Byrd's first restaurant in Hamilton County.
State agency fights utility rates for electric cars
Indianapolis Power & Light Co. has requested a rate increase to help pay for its part in setting up charging stations for electric cars that drivers could rent as part of the BlueIndy program, a partnership between the city and the France-based Bollore Group.