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Articles
Surprise on-field success driving Colts’ club-seat sales
What had looked like a bleak scenario for renewals took a positive turn thanks to wins racked up by the team and rookie quarterback Andrew Luck.
Holiday Wish List
The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
IEDC seeks $30M fund to stoke life sciences firms
The Indiana Economic Development Corp. is looking to renew its commitment to life sciences by creating a $30 million venture fund. The amount dedicated to one sector would be equal to the state’s allocation for all high-tech startups over the past two years.
Body found in White River State Park
A bicyclist found the body of an unidentified woman in White River State Park at about 7:30 p.m. Wednesday. The body was on a walking path near Limestone Street and West New York Street, south of the IUPUI Campus Apartments. Investigators were delayed in investigating the death until two dogs guarding the body were removed by Indianapolis Animal Care and Control, police said. An autopsy was scheduled for Thursday.
FEIGENBAUM: Unusual circumstances could stir Indiana General Assembly
When lawmakers reconvene Jan. 7 for the 2013 legislative session, they will do so under a unique structure: a new Republican governor and Republican super-majorities in both chambers of the General Assembly.
Former NBA player Henderson gets city OK to build home
Former Indiana University and NBA basketball player Alan Henderson got approval to build a home on Indianapolis’ north side in spite of fierce opposition from neighbors.
TAFT: Restore City Hall to its rightful place
Just north of the revived City Market, along the Alabama Street stretch of the Cultural Trail, stands a vacant landmark that has resisted redevelopment for almost a decade—the old City Hall.
“The Tracks of Time: Recent work by Aak Lengkeek”/”Sculptures by George Kim”
Dec. 14-Feb. 3
Indianapolis Art Center
The IAC doesn’t just present artwork, it grows artists. Aak Lengkeek, who has never shown before, looks at how concrete surfaces reflect the passage of time in “The Tracks of Time.” Meanwhile, the IAC also offers the debut exhibition of George Kim, an Indianapolis artist sculptor whose medium is black walnut logs. See both and more at an opening reception Dec. 14. Details on both here.
Company news
The RND Group Inc., which makes software for medical-device and diagnostic firms, will expand its operations in Indianapolis, adding as many as 25 jobs by 2016. The company employs 27 full-time people along with the equivalent of 14 full-time contractors. The Indiana Economic Development Corp. agreed to give RND Group $700,000 in tax credits if it fulfills its job-creation commitment. The city of Indianapolis is considering additional tax incentives.
Indianapolis-based Nico Corp. has raised another $6.5 million in venture capital from its existing shareholders and board members. Nico’s Myriad line of products allow minimally invasive removal of brain tumors and tissue in adults and children. Now, Nico wants to use the new round of capital to develop technology to address diseases that were often considered inoperable, such as metastatic brain cancer, intracerebral hemorrhages and glioblastoma multiforme. Since 2008, Nico has raised $20 million, with half of that coming in 2009. Investors participating in its latest fundraising round included Rose-Hulman Institute of Technology, River Cities Capital Fund, CHV Capital, Cornelius Private Investments and Twilight Venture Partners. Nico was founded in 2007 by many of the executives and investors that created Suros Surgical Systems Inc., which was sold in 2006 to Massachusetts-based Hologic Inc. for $248 million.
West Lafayette-based Perfinity Biosciences Inc. has partnered with Japan-based Shimadzu Corp. to market and distribute its technology, which automates the preparation and analysis of protein samples in research and diagnostic labs. The Perfinity Integrated Digestion Platform cuts down sample preparation time from 18 hours to 30 minutes or less. The companies worked together to launch Perfinity’s technology in the United States earlier this year. Financial details about the agreement were not disclosed.
Micro Machine Co. LLC, an orthopedic medical-device manufacturer, will build out a new manufacturing plant in Warsaw, creating as many as 60 jobs by 2015. The company, based in Kalamazoo, Mich., will invest $2.8 million in its expansion to produce parts for Warsaw-based Zimmer Holdings Inc. and Warsaw-based DePuy Orthopaedics Inc., and perhaps other companies. Micro Machine already employs eight in Warsaw in addition to 72 in Kalamazoo. The Indiana Economic Development Corp. offered Micro Machine up to $585,000 in tax incentives and training grants if it fulfills its job-creation plans. Kosciusko County approved additional property tax abatement for Micro Machine.
Police: Drunk man hit stadium
A man was arrested Sunday on suspicion of drunk driving after plowing his car into Kuntz Memorial Soccer Stadium. A witness said he saw a green Cadillac driving eastbound on West 16th Street about 3:15 a.m. directly into oncoming traffic before crashing. The driver, Santonio Rivers of Indianapolis, was uncooperative, had bloodshot eyes and disheveled clothing, and smelled of alcohol, police said. The stadium, home to IUPUI’s soccer team and the annual high school soccer championships, sustained $50,000 in damage.
Potential of higher car rental taxes drawing fire
People who come to Indianapolis for business, ball games or other reasons could pay more for their visits if local officials decide to raise taxes on car rentals and professional sports tickets early next year.
CIB to consider 1-year extension with Pacers, source says
The Capital Improvement Board of Marion County is expected to seek a one-year extension of its current lease deal with Pacers Sports & Entertainment, according to a former board member and current Indianapolis city-county councilor.
Lucas eager to expand IndyCar’s media reach
Forrest Lucas, owner of Lucas Oil Products Inc., intends to launch an Internet TV network in June 2013 that would offer a heavy dose of racing programming.
Retirement could change for some IU officials
Many high-ranking administrators at Indiana University would be allowed to work past the school's current mandated retirement age of 65 under a proposed new policy that one official said would better reflects current careers.
Holiday Wish List
The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most. This is an opportunity for businesses and individuals to make tax-deductible gifts in the spirit of the season. Anyone who wishes to make a contribution should contact the organization directly.This list is being published weekly through Dec. 24. Requests should […]
IU, Purdue having own personal athletics arms race
IU Athletic Director Fred Glass should get some credit for the increase in pay for Purdue's coaches.
Japanese automakers help drive economy
A deal struck 25 years ago brought Subaru-Isuzu to Indiana. Toyota followed in 1996, and Honda came in 2008. The three Japanese automakers now collectively employ 10,000 and support thousands more jobs at suppliers across the state.